The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s blood culture tests market report forecasts the blood culture tests market size to grow to $9.31 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.

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Blood Culture Tests Market Size Forecast
The global blood culture tests market is expected to grow from $5.51 billion in 2022 to $6.24 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The blood culture tests market size is expected to grow to $9.31 billion in 2027 at a CAGR of 10.5%.

North America held the largest blood culture tests market share.

Key Blood Culture Tests Market Driver ­– Increase In Incidence Of Infectious Diseases
For instance, in 2022, the World Health Organization, stated that approximately 6.4 million people died from COVID-19. Furthermore, due to tuberculosis (TB), a total of 1.5 million people died in 2020 worldwide. Therefore, the increasing incidence of infectious diseases is driving the growth of the blood culture test market.

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Key Blood Culture Tests Market Trend – Technological Innovation
Innovation and globalization are creating new prospects for the pharmaceutical, biologics, nutraceuticals, and medical device industries. The desire to bring new products to market safely, quickly, and affordably necessitates producers and manufacturers to build world-class blood culture testing to demonstrate compliance with ever-expanding requirements. These technological innovations reduce costs through accurate and independent safety and performance assurance. For instance, In May 2022, Labcorp, a US-based testing laboratories company, launched Labcorp OnDemandTM at-home collection kit that measures hemoglobin A1c (HbA1c) from a small blood sample. This OnDemand Diabetes test kit employs dried blood technology to provide an overview of the body’s average blood sugar levels over time. Through this kit, users can monitor their health status regularly from the comfort of their homes with a prick of the finger and a few drops of blood.

Blood Culture Tests Market Segment
1) By Method: Conventional/Manual Methods, Automated Methods
2) By Product: Consumables, Instruments, Software and Services
3) By Technology: Culture-Based Technology, Molecular Technologies, Microarrays, PCR (Polymerase Chain Reaction), PNA-FiSH (Peptide Nucleic Acid – Fluroscent in Situ Hybridization), Proteomics Technology
4) By Application: Bacteremia, Fungemia, Mycobacterial Detection
5) By End User: Hospital Laboratories, Reference Laboratories, Academic Research Laboratories, Other Laboratories

Blood Culture Tests Market Major Players and Strategies
Major players in the blood culture tests market are Becton, Dickinson and Company, bioMérieux SA, Thermo Fisher Scientific Inc., Luminex Corporation, Danaher Corporation, Bruker Corporation, Roche Diagnostics, T2 Biosystems Inc., OpGen Inc., F. Hoffmann-La Roche AG, HiMedia Laboratories Pvt. Ltd., Axiom Laboratories, Abbott Laboratories, Ibis Biosciences Inc., and Magnolia Medical Technologies.

In October 2021, Dr. Lal Path Labs, an India-based diagnostic and related healthcare tests provider, acquired Suburban Diagnostics for an 1150 cr ($14.39 million). This acquisition gives LPL access to 44 laboratories and diagnostics centers (one of which is CAP-accredited and five are NABL accredited) and 150+ collection centers. Suburban Diagnostics is an India-based diagnostics center and pathology lab.

The Blood Culture Tests Global Market Report 2023 covers regional data on blood culture tests market size, blood culture tests market trends and drivers, opportunities, strategies, and blood culture tests market competitor analysis. The countries covered in the blood culture tests market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Blood culture tests refer to blood tests used to detect and identify disease-causing microorganisms in the bloodstream. A blood culture test checks for infections caused by microorganisms like bacteria, yeast, and other foreign invaders in a blood sample.

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