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Blood Culture Tests Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030

Blood Culture Tests Market Size, Share & Trends Analysis -...

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Blood Culture Tests Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030
Blood Culture Tests Market Size,...
Report Code
RO13/107/1982

Publish Date
23/Jun/2022

Pages
210
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The global blood culture tests market size was US$ 4,813.9 million in 2021. The global blood culture tests market is forecast to grow to US$ 10,001.9 million by 2030 by growing at a compound annual growth rate (CAGR) of 8.9% during the forecast period from 2022 to 2030. 
A blood culture test is a test designed to discover the presence of any sort of microorganisms including bacteria and fungi, in blood. The test is taken by collecting the sample of blood through a sterile technique. The sample is then put into the culture media and incubated in a controlled environment for nearly 7 days.

Factors Influencing the Market
The growing geriatric population and rising incidences of infectious diseases are primarily driving the growth of the global blood culture tests market. Moreover, growing cases of sepsis and bloodstream infection (BSIs) will fuel the growth of the global blood culture tests market during the study period. For instance, nearly 250,000 bloodstream infection cases are recorded yearly according to the Centers for Diseases Control and Prevention. Moreover, nearly 80,000 patients of these suffer from catheter-related bloodstream infections, according to the same source. 
The lack of skilled professionals may limit the growth of the global blood culture test market. On the contrary, growing healthcare expenditure and personal spending on healthcare will drive the growth of the global blood culture tests market during the study period. 
The global blood culture tests market is also driven by the growing investments in the R&D sector. For instance, F. Hoffmann-La Roche Ltd. announced to spend nearly US$9.27 billion on Research and Development for a year.

COVID-19 Impact Analysis
The blood culture tests market witnessed huge growth potential due to the wake of the COVID-19 pandemic. Due to the pandemic, the cases of infection surged steeply. The COVID-19 infection increased the demand for tests, which positively affected the market worldwide. For instance, according to the National Library of Medicine, the volume of blood culture tests hiked by nearly 34.8% in the second half of March 2020 in comparison to the first half. Thus, it depicts that the blood culture tests market experienced substantial growth during the pandemic.

Regional Analysis
The Asia-Pacific market for blood culture tests is expected to emerge as the largest market, owing to the growing geriatric population and rapidly developing healthcare infrastructure. Furthermore, the easy accessibility of advanced diagnostic products and growing initiatives by government bodies to provide efficient healthcare services at low cost will boost the growth of the global blood culture tests market. For instance, the government of India has unveiled several initiatives aiming at improving healthcare infrastructure. The government introduced the Greenfield investment opportunity, flagship, 100% foreign direct investment (FDI) in the pharma sector, Pradhan Mantri Jan Aushadhi Yojana, and Ayushman Bharat, which are expected to benefit the blood culture tests market in the coming years.

Competitors in the Market
• Becton, Dickinson, and company
• Bruker Corporation
• Luminex Corporation
• T2 Biosystems, Inc.
• Autobio Diagnostics Co., Ltd
• bioMerieux SA
• F. Hoffmann-La Roche Ltd
• Neogen Corporation (Abtek Biologicals)
• OpGen Inc.
• Thermo Fisher Scientific Inc.
• Other Prominent Players

Market Segmentation
The global blood culture tests market segmentation focuses on Product, Method, Application, and Region. 
By Product Outlook
• Consumables
• Instruments
• Software and Services
By Method Outlook
• Conventional
• Automated
By Application Outlook
• Bacterial
• Fungal
• Others
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
 

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