Global Blood Culture Tests Market to grow at a CAGR of 7.25% during the period 2016 - 2020; Finds New Report

Report forecast the global blood culture tests market to grow at a CAGR of 7.25% during the period 2016-2020.

Blood culture tests help detect microorganisms such as bacteria, yeast, and fungi in the blood. These tests also help identify blood stream infections (BSIs) such as septicemia, a serious and life-threatening complication. These tests guide physicians to offer proper treatment for infections.

The report covers the present scenario and the growth prospects of the global blood culture tests market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of tests for bacteremia, fungemia, and mycobacteria.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, use of automated blood culture systems will be a key driver for market growth. Blood culture tests that involve most of the microbiological studies are the second-most common procedure performed in medical settings to detect BSIs. Advanced automated systems such as BS's BacT/ALERT system, AccuMed International's ESP Culture system II, and Cepheid's GeneXpert system used for these tests help reduce the hands-on time, minimize infection detection time, and are easy to use. Conventional systems often used to provide false-positive results, which led to the development of advanced devices that have helped reduce false-positive results by 10%. These advanced systems have also reduced the duration of infection detection from 4-5 days to a 24-hour period for positive results.

Further, the report states that high cost of automated blood testing systems will be a challenge for the market. Automated blood culture test instruments are expensive, with real-time PCR instruments being costlier compared to other medical devices. BioRad's real-time PCR costs about $9,900, while that of Applied Biosystems is about $14,500. The cost of the systems has a negative impact on the market growth in developing countries compared to developed nations, as people cannot afford costly devices and tests. Though these instruments are one-time investment, their high cost prevents hospital authorities to purchase them. These hospitals use manual methods for blood culture testing.

Global Blood Culture Tests Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global blood culture tests market:  BioMérieux, BD, Roche Diagnostics, ThermoFisher Scientific, and Cepheid. 

Other Prominent Vendors in the market are: AB Sciex, AdvanDX, Alere, Beckman Coulter, Bruker, Dade Behring¸ Eurogentec, IRIDICA, Nanosphere, and Siemens.

Market driver

• Outsourcing samples to private reference laboratories
• For a full, detailed list, view our report

Market challenge

• Lack of specialists for automated PCR techniques in emerging countries
• For a full, detailed list, view our report

Market trend

• Demand for DAT and OTC self-tests
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 71 pages and 37 Exhibit “Global Blood Culture Tests Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Market segmentation by technology, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Major vendors, Appendix.

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