The COVID-19 pandemic is expected to positively impact the global sepsis diagnostics market. The blood culture media segment will be the most profitable segment of the global market. The microbiology technologies segment holds the largest market share in terms of revenue generation. The laboratory test types segment held significant market shares in 2018 and is expected to follow the trend until the end of the forecast period. Considering the region, the North America region occupies an important revenue position and is expected to grow and continue to dominate the forecast period. The world is facing an unexpected change and many industries are facing a difficult situation due to the COVID-19 pandemic. The COVID-19 outbreak has had a positive impact on the global sepsis diagnostics market. Sepsis is a kind of disease caused by a microbial pathogen, which later causes the cloning of human pro-inflammatory cytokines and their receptors, which in turn leads to inflammation. The growing awareness of the importance of testing for the early detection of sepsis is the main driver of market growth. The rapid diagnostic test for the early detection of the deadly disease can save life. During this coronavirus crisis, we are helping our clients understand the impact of COVID-19 on the global sepsis diagnostics market.
According to a new report released by Research Dive, the global sepsis diagnostics market is expected to generate revenue of $ 786.33 million by the end of the forecast period.
The global sepsis diagnostics market is divided on the basis of product, test type, technology, and region. The report provides detailed information on the drivers, opportunities, restraints, segmental analysis and competitive players in the market. According to our analysts, the growing awareness of the importance of testing for the early detection of sepsis is driving the growth of the market during the forecast period. However, nonspecific physiological and clinical tests followed by advanced tests for confirmation of the disease make the test quite expensive. So this is the major factor that will restrain the growth of the global sepsis diagnostics market in the anticipated time.
Most profitable segment of blood culture productsOn the basis of the product, the global sepsis diagnostics market is fragmented into instruments, blood culture media, assay kits, and reagents and software. Of these, the blood culture products segment is expected to generate the highest revenues and is expected to continue to dominate during the estimated period. The segment is expected to grow due to its lower cost and it is the most widely used by physicians. The growing demand for reagents and kits in various central regions, along with the growing awareness of the disease, is expected to drive the test kits and reagents segment during the forecast period.
Microbiology technology segment accounts for the largest share of revenue generation and is expected to be dominant during the forecast period
On the basis of technology, the global sepsis diagnostics market is categorized into microbiology, molecular diagnostics, immunoassays, and flow cytometry. The market of microbiological technologies segment has contributed the largest share of revenue generation and is expected to be dominant during the forecast period. Microbiology facilitates quantitative detection and helps identify microorganisms through cloud culture media testing, which should stimulate the segment over the expected time frame. The diagnostics segment is expected to have the highest market share during the forecast period owing to the increasing use of molecular diagnostic tests due to its accuracy, lead time and increased sensitivity.
Laboratory Testing Segment Expected to Become Biggest Revenue Generator
On the basis of test type, the global sepsis diagnostics market is categorized into laboratory tests and PoC tests. The Type Lab Testing market held a significant market share in 2018 and is expected to become the highest revenue generator during the forecast period. An increasing number of blood culture tests performed in laboratories is expected to result in the type of laboratory test during the forecast period.
Regional outlook and main market players
Global Sepsis Diagnosis Market is analyzed North America, Europe, Asia Pacific, and LAMEA. Among these, the North America region dominated the global market share and occupies a significant position in terms of revenue. The sepsis market is expected to grow in this region due to the increase in healthcare expenditure and reimbursement for diagnostic test in this region. Major players in the global sepsis diagnostics market are Dickinson and Company, Becton, Bio Merieux SA, Hoffmann-La Roche AG, Sysmex Corporation, Beckman Coulter Inc., Bruker Corporation, Thermo Fisher Scientific Inc., Cepheid Inc. and others.
Mr. Abhishek Paliwal Research Dive 30 Wall St. 8th Floor, New York NY 10005 (P) + 91 (788) 802-9103 (India) Free: +1 -888-961-4454
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