Global Bloodstream Infection Testing Market to Reach USD 4,860.22 Million by 2031 | CAGR of 4.5%

Category : Healthcare | Published Date : Nov 2024 | Type : Press Release

Bloodstream Infection Testing Market Scope & Overview:

In the newly published report, Consegic Business Intelligence states that the Bloodstream Infection Testing Market was valued at USD 3,283.63 Million in 2022 and is projected to reach USD 4,860.22 Million by 2031, growing at a CAGR of 4.5% from 2023 to 2031. Bloodstream infection testing involves detecting bacteria, fungi, or other microorganisms in the bloodstream, commonly used to diagnose sepsis and septic shock. These tests play a critical role in confirming the presence of bloodstream infections, which can lead to serious complications if untreated.

The report comprises the Bloodstream Infection Testing Market Share, Size & Industry Analysis, By Product Type (Consumables, Instruments, Software), By Technology (Conventional, PCR Methods, Nucleic Acid Testing, Mass Spectroscopy, POC Testing), By End User (Hospitals, Diagnostic Centers, Research Institutes, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2031.

The report contains detailed information on Bloodstream Infection Testing Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.

Growing incidences of bloodstream infections globally and increased awareness for early detection are driving market growth, while high costs of advanced testing equipment and consumables are limiting growth.

Segmental Analysis :

By product type, the market is segmented into consumables, instruments, and software.

  • Consumables accounted for the largest market share in 2022, driven by their high demand across various testing procedures such as blood culture and nucleic acid testing.
  • Instruments are expected to witness the highest CAGR, driven by advancements in diagnostic technologies like automated blood culture systems and molecular diagnostics instruments.

By technology, the market is segmented into conventional, PCR methods, nucleic acid testing, mass spectroscopy, and POC testing.

  • Conventional testing held the largest market share in 2022, as traditional blood cultures remain widely used for detecting bloodstream infections.
  • POC testing is expected to grow at the fastest CAGR, driven by the increasing demand for rapid diagnosis at the patient's bedside, which improves treatment outcomes.

By end-user, the market is segmented into hospitals, diagnostic centers, research institutes, and others.

  • Hospitals accounted for the largest share of 43.10% in 2022 due to the widespread use of bloodstream infection testing in emergency and intensive care units.
  • Diagnostic centers are expected to grow at the fastest rate, driven by the increasing availability of outpatient diagnostic services and growing government initiatives for community-based diagnostic centers.

Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

  • North America accounted for the largest market share in 2022, valued at USD 1,255.99 Million, driven by the high prevalence of bloodstream infections and strong healthcare infrastructure in the U.S.
  • Asia-Pacific is expected to grow at the fastest rate, with a CAGR of 4.9%, driven by expanding healthcare infrastructure and rising investments in diagnostics in countries like China and India.
Report Attributes Report Details
Study Timeline 2017-2031
Market Size in 2031 USD 4,860.22 Million
CAGR (2023-2031) 4.5%
By Product Type Consumables, Instruments, Software
By Technology Conventional, PCR Methods, Nucleic Acid Testing, Mass Spectroscopy, POC Testing
By End-User Hospitals, Diagnostic Centers, Research Institutes, Others
By Region North America(U.S., Canada, Mexico)
Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe)
APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific)
Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA)
LATAM(Brazil, Argentina, Chile, Rest of LATAM)

Top Key Players & Competitive Landscape :

The bloodstream infection testing market is competitive, with key players focusing on product innovation and strategic collaborations.

List of prominent players in the Bloodstream Infection Testing Industry:

  • Thermo Fisher Scientific Inc.
  • F. Hoffmann-La Roche Ltd
  • Abbott
  • BioMeruix
  • Cepheid
  • Luminex Corporation.
  • Accelerate Diagnostics
  • Bruker
  • HiMedia Laboatories
  • Diasorin

Recent Industry Developments :

  • In April 2020, Thermo Fisher Scientific announced a collaboration with NanoPin Technologies to develop highly sensitive analytical workflows for diagnosing infectious diseases.
  • In December 2021, Roche launched infectious disease tests on the cobas 5800 System, providing rapid diagnostics for blood-based infections.