Global Blood Culture Tests Market
Medical Equipment

Top 5 Insights From The Blood Culture Tests Market Report 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Blood Culture Tests Global Market Report 2024, the blood culture tests market is expected to show promising growth in the forecast period.

The blood culture tests market has witnessed remarkable growth in recent years, with a notable increase in its size from $6.22 billion in 2023 to $6.97 billion in 2024, reflecting a compound annual growth rate (CAGR) of 12.1%. This surge is attributed to various factors, such as the prevalence of infectious diseases, an aging population, advances in healthcare infrastructure, and a rise in research and development.

A Promising Future

  1. Forecasted Expansion: Predictions suggest that the blood culture tests market will continue its upward trajectory, reaching $11.46 billion in 2028, with a CAGR of 13.2%.
  2. Driving Factors: The forecasted growth is fueled by escalating hospital-acquired infections, surging demand for point-of-care (POC) testing, increased healthcare spending, and regulatory approvals.
  3. Trends to Watch: Major trends in the forecast period include the integration of telemedicine and remote testing, automation and AI, multiplex testing, sepsis management, and infectious disease surveillance.

Antibiotic Resistance: A Driving Force

  1. The Menace of Antibiotic Resistance: The rise of antibiotic-resistant infections is a critical factor propelling the blood culture test market’s growth.
  2. Alarming Statistics: In England alone, the UK Health Security Agency reported a 2.2% increase in serious antibiotic-resistant infections from 2020 to 2021. This translates to 148 serious illnesses resistant to antibiotics every day, highlighting the urgency for effective diagnostic testing.

Key Players in the Market

  1. Industry Leaders: Major companies shaping the blood culture tests market include Becton, Dickinson and Company, BioMerieux SA, Thermo Fisher Scientific Inc., and others.
  2. Diverse Offerings: These companies contribute to the market with a range of products and services, from consumables and instruments to software and advanced technologies.

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Innovations Driving Growth

  1. MS-Based Rapid Microbial Identification Kits: Leading companies are focusing on innovation, developing transformative blood culture tests like MS-based rapid microbial identification kits.
  2. Bruker’s Breakthrough: In January 2021, Bruker launched an MS-based rapid microbial identification kit, significantly enhancing the speed and precision of pathogen identification in cases of bacterial or fungal sepsis.

Market Expansions and Acquisitions

  1. Strategic Acquisition by Dr. Lal Path Labs: In October 2021, Dr. Lal Path Labs acquired Suburban Diagnostics, marking a strategic move to broaden its presence in Western India.
  2. Significant Deal: The $14.39 million deal provided Dr. Lal Path Labs access to 44 laboratories, diagnostics centers, and 150+ collection centers, reinforcing its position in the market.

Market Segmentation

The blood culture tests market is segmented based on various factors:

  1. Method: Conventional/Manual Methods, Automated Methods
  2. Product: Consumables, Instruments, Software and Services
  3. Technology: Culture-Based Technology, Molecular Technologies, Microarrays, PCR, PNA-FiSH, Proteomics Technology
  4. Application: Bacteremia, Fungemia, Mycobacterial Detection
  5. End User: Hospital Laboratories, Reference Laboratories, Academic Research Laboratories, Other Laboratories

Regional Dominance

North America emerged as the largest region in the blood culture tests market in 2023, showcasing the region’s significant contribution to the market’s overall growth.

The blood culture tests market is navigating a dynamic landscape, driven by factors like antibiotic resistance, innovative technologies, strategic acquisitions, and increasing healthcare demands. As we move forward, staying attuned to emerging trends and technological advancements will be key to harnessing the full potential of this rapidly growing market.

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