The sepsis diagnostics market is primarily driven by the rising prevalence of sepsis across the globe. Factors such as the growing number of surgical procedures, influx of novel sepsis diagnostic products, high incidence of hospital-acquired infections, funding for sepsis-related research activities, and the commercialization and availability of a wide variety of approved sepsis diagnostic devices are also supporting the growth of this market.
What the Market Looks Like?
Predicted to grow at a CAGR of 9.1 % during the forecast period, the global Sepsis Diagnostics Market is estimated to reach USD 613.9 million by the end of 2023. Asia Pacific is expected to grow at the highest CAGR in the molecular sepsis diagnostics market during the forecast period.
Based on technology, the global sepsis diagnostics market is segmented into— microbiology, molecular diagnostics, immunoassay, flow cytometry, microfluidics, and biomarkers. The biomarkers segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to various advantages offered by this technique in the diagnosis of sepsis and growing need for early disease diagnosis.
Based on products, the global sepsis diagnostics market is segmented into blood culture media, assays & reagents, instruments, and software. In 2018, the blood culture media segment accounted for the largest share of the market owing to the increased used of blood culture media as it is the standard method for diagnosis of sepsis across the globe.
Based on blood culture media segment commanded the largest share of the global sepsis diagnostics market in 2018. The large share of this segment can be attributed to the increasing use of blood culture testing as the standard diagnostic method for the diagnosis and identification of sepsis
Based on basis of methods, the sepsis diagnostics market is categorized into two segments, namely, conventional diagnostics and automated diagnostics. The automated diagnostics segment is expected to grow at the highest CAGR from 2018 to 2023. Accurate detection of positive blood cultures, quick turnaround time, and reduced risk of contamination is contributing to the growth of this segment
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What Drives the Market?
The growth of the global market for Sepsis Diagnostics is primarily influenced by the following factors:
- High Incidence of Sepsis in the Adult Population
- Increasing Incidence of Sepsis in Neonates
- Growing Incidence of Hospital-Acquired Infections
- Increasing Number of Surgical Procedures
- Increasing Burden of Pneumonia
- Influx of Novel Sepsis Diagnostic Products
- Rising Initiatives to Increase the Awareness and Drive the Adoption of Sepsis Diagnostic Tests
- Funding for Sepsis-Related Research Activities
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Geographical growth scenario of Sepsis Diagnostics Market
Geographically, sepsis diagnostic market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected register highest growth during the forecast period, owing to the growing prevalence of sepsis in APAC countries, rising focus of global players in this region, developing healthcare infrastructure, and rising government support for sepsis-related research.
Leading market players and strategies adopted
The prominent players in the Sepsis Diagnostics market include bioMérieux (France), T2 Biosystems (US), Luminex (US), Thermo Fisher Scientific (US), Bruker (US), Abbott (US), Roche (Switzerland), Danaher (US), Becton, Dickinson, and Company (US), EKF Diagnostics (UK), Immunexpress (Australia), Response Biomedical (Canada), Axis-Shield Diagnostics (UK), CytoSorbents (US), and Mitsubishi Chemical Europe (Germany), among others.
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