USD 0.67 billion
Report ID:
SQMIG35A2237 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
59
|Figures:
75
Sepsis Diagnostics Market size was valued at USD 1.07 billion in 2022 and is poised to grow from USD 0.63 billion in 2023 to USD 1.30 billion by 2031, growing at a CAGR of 8.0% during the forecast period (2024-2031).
Sepsis diagnostics is a vital section of the healthcare industry committed to the detection and management of sepsis. The global market is driven by the growing number of hospitalizations because of the infections, mainly in vulnerable populations like immunocompromised groups of individuals and elderly population. Furthermore, technological improvements and growing regulatory initiatives are propelling the growth of the sepsis diagnostics market. Modernizations in diagnostics technologies like multiplex assays and rapid PCR tests are enhancing the accuracy and speed of detection of sepsis. Moreover, most healthcare organizations and governments are encouraging and developing and supporting guidelines for optimal management of sepsis, driving the growth of the market.
Nevertheless, the market is considerably hampered by significant costs associated with improved diagnostic tests that may impede accessibility, especially in the limited-resource facilities. In addition, the complexity associated with diagnosis and growing need for standardization may also limit the market growth. Sepsis may be difficult to diagnose owing to its non-specific symptoms, thus resulting in delayed treatments or possible misdiagnosis. Also, fluctuations in testing protocols and understanding may hamper its broad adoption of novel technologies. Yet, the market is opportune to factors like the growing development of biomarkers, advancements like rapid testing solutions and integration of ML and AI, and collaborative R&D.
Global Market Size
USD 0.67 billion
Largest Segment
Blood Culture Technology
Fastest Growth
Immunoassays
Growth Rate
9.8% CAGR
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Sepsis Diagnostics market is segmented by Technology, Product, Method, Pathogen Type, Test Type, End Users, Region. Based on Technology, the market can be segmented into Blood Culture Technology, Immunoassays, Molecular Diagnostics (Polymerase Chain Reaction, Microarrays, Peptides Nucleic Acid- Fluorescent In Situ Hybridization, DNA Sequencing, Syndromic Panel Based Testing), Flow Cytometry, Microfluidics, Biomakers. Based on Product, the market is segmented into Blood Culture Media, Assays and Reagent Kits, Instruments, Software. Based on Method the market is segmented into Conventional Diagnostics, Automated Diagnostics. Based on Pathogen Type the market is segmented into Bacterial Sepsis (Gram-Negative Bacterial Sepsis, Gram-Positive Bacterial Sepsis Fungal Sepsis), Other Pathogen Types. Based on End Users the market is segmented into Hospitals and Speciality Clinics, Pathology and Reference Laboratories, Research Laboratories, Academic Institute and Cros. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
Based on product, the sepsis diagnostics market is categorized into blood culture media, assays and reagent kits, instruments, and software. The blood culture media segment held a notable share of the market in the previous years and is expected to lead over the forecast period, owing to specificity, high sensitivity, and well-established protocols. Blood cultures are regarded as the gold standard for detecting pathogens in blood flow, thus increasing its accuracy and significance for sepsis diagnosis. They hold higher sensitivity in identifying a broader range of fungi and bacteria needed for appropriate and timely treatment. Also, there are established techniques and protocols for blood culture testing in clinics, resulting in its reliable use.
On the other hand, the assays and reagent kits segment are projected to grow considerably over the forecast period owing to speedy testing capabilities, diverse applications, and mounting demand for POC testing. Reagents kits and assays allow efficient and quick testing for treatment and timely diagnosis of sepsis. They can capably identify a broader range of biomarkers and pathogens, enabling personalized treatment options and targeted diagnostics. Also, the rising shift towards POC or point-of-care testing improves the adoption of reagent kits and assays since they are mostly designed to be utilized in diverse clinical settings. These factors are aiding the growth of the segment, thus impacting market growth.
Analysis by End Users
Based on end users, the market is segmented into hospitals and specialty clinics, pathology and reference laboratories, research laboratories, and academic institute and CROs. The hospitals and specialty clinics segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to high patient volume, better critical care infrastructure, and emergency services. Specialty clinics and hospitals manage a large patient population, mainly for individuals at a higher risk of sepsis that need diagnostic testing. These settings are well-equipped with a trained workforce and improved diagnostic technologies to handle sepsis. Speedy diagnosis in emergency departments is vital for sepsis management, resulting in increased demand of diagnostics in these settings.
On the other hand, the pathology and reference laboratories segment will hold a remarkable market share in the coming years owing to improved testing capabilities, high volume testing, and specialization. These labs are well-equipped with skilled laborers and high-tech diagnostic technologies, allowing conduct of complex tests, comprising molecular diagnostics and blood culture. They handle huge number of samples, offering vital testing services, demanding sepsis diagnosis. They hold expertise in infectious disease testing, increasing their significance in detection and confirmation for sepsis-associated pathogens. Also, these laboratories comply with stringent quality control standards, confirming accurate and reliable results that are important for effective management of sepsis.
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Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to the advanced healthcare infrastructure, increased cases of sepsis, and robust research and development investment. North America has a developed healthcare system with superior technology and a broad range of resources for diagnosis and associated services. Moreover, growing cases of sepsis and associated health conditions are notably impacting the demand for reliable and accurate diagnostic solutions. Also, the region is home to the leading pharmaceutical and biotech companies that are heavily investing in R&D, resulting in modernized diagnostic technologies. The key players profiled in the region include Abbott Laboratories, Becton, Dickinson and Company, Cepheid, Hologic Inc., Luminex Corporation, Meridian Bioscience, Inc., and more.
Asia-Pacific is projected to emerge as the fastest-growing region due to the speedy expansion of healthcare, growing cases of infections, and growing awareness of sepsis. Most nations in the region are enhancing their healthcare infrastructure, which increases the accessibility to improved diagnostic services and technologies. Also, rising cases of sepsis and infectious diseases are resulting in increased demand for reliable and accurate diagnostic solutions. Furthermore, the awareness of sepsis and its severity is rising among the public and healthcare professionals, thus impacting early diagnosis and treatment. Private sectors and governments are heavily investing in research and development in diagnostic technologies and tools, impacting regional growth.
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Drivers
Growing Awareness Initiatives and Education
Growing Demand for POC Testing
Restraints
Complexity Associated with Diagnosis
Fluctuations in Testing Procedures
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The competitive landscape of the global sepsis diagnostics market is a highly competitive market impacted by the leading trends and the mix of prominent players and progressing vendors. The top-ranking companies, Abbott Laboratories, Roche, BioMérieux, Becton Dickinson, and Siemens Healthineers that are dominating the market with their broad distribution network and innovative offerings. Startups and the new entrants are modernizing new technologies like rapid testing solutions and AI-based diagnostics that improve competition and help the emerging enterprises to progress further. Improvements and expanding geographic presence are also supported by growing number of alliances between diagnostic companies, research institutes, and healthcare providers.
Top Player’s Company Profiles in Global Sepsis Diagnostics Market
Global Sepsis Diagnostics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the sepsis diagnostics market is considerably progressing due to the growing emphasis on personalized medicine for better treatment of sepsis, increasing collaborations and partnerships, and increasing prevalence of sepsis. The market is also propelled by growing technological improvements in diagnostic tools like multiplex assays, molecular diagnostics, and rapid PCR tests and progressing markets in Asia-Pacific. However, the market is hampered by challenges like lengthy approval procedures, compliance issues, and diagnosis complexity. The market is also restrained by the rising need for well-trained professionals. North America is anticipated to dominate the market owing to the greater awareness among healthcare staff and the public, favorable regulatory framework for enhancing sepsis care management, and strong R&D infrastructure. Nonetheless, a few opportunities for the growth of the sepsis diagnostics market include the growth of remote monitoring and telemedicine and growing awareness programs.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.07 billion |
Market size value in 2031 | USD 1.30 billion |
Growth Rate | 8.0% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Sepsis Diagnostics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sepsis Diagnostics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sepsis Diagnostics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sepsis Diagnostics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2237
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