Report ID: SQMIG35A2237
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.
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Report ID: SQMIG35A2237