This market research study identifies bioMérieux, BD, Roche Diagnostics, ThermoFisher Scientific, and Cepheid as the leading players in the global blood culture tests market. A comprehensive study of this market is also presented by application, by technology, by product, by end user, and by geography.
Outlook of the blood culture tests market
Extensive research carried out by the analysts at Technavio has shown that the global blood culture tests market will witness tremendous growth and will post a CAGR of more than 7% over the forecast period. With the increasing outsourcing of blood samples to private reference laboratories, the blood culture tests market is anticipated to have a positive outlook in the coming years. Reference laboratories provide testing services for hospitals and in the areas of clinical trials, corporate wellness programs, genomics, insurance, toxicology, molecular diagnostics, and sample tracking. In this market, an increasing number of public hospitals are outsourcing services to independent reference laboratories due to budget constraints, lower turnaround time, and productivity gains, which will, in turn, propel this market’s growth over the next four years.
The augmented demand for rapid diagnostics tests is one of the significant trends impelling this market’s growth during the predicted period. Rapid diagnostics tests offer speedy identification of pathogens; thereby, aiding in the effective targeting of antimicrobial therapy in hospitals. Moreover, these diagnostic tests are cost-effective and accurate. Several advanced technologies like peptide nucleic acid fluorescent in situ hybridization (PNA-FISH) and targeted real-time PCR help lower hospital costs and reduce hospital stays significantly. These benefits emphasize the positive impact of rapid molecular testing in clinical laboratories.
Segmentation by technology and analysis of the blood culture tests market
- Conventional or manual blood culture
- Automated blood culture
During 2015, the conventional or manual blood culture segment dominated the market and accounted for a market share of more than 62% in terms of revenue. Most conventional culture methods are technically simple but labor intensive due to the requirement of visual inspection of the test samples. However, these systems have higher rates of sample contamination and low sensitivity compared to automated blood culture tests.
Geographical segmentation and analysis of the blood culture tests market
- Americas
- APAC
- EMEA
The Americas led the global blood culture tests market and is expected to hold close to 48% of the total market share. The awareness of blood safety and transfusion-transmitted infections is high in countries such as Canada and the US. The need for blood transfusion is also high in these countries, thus, increasing the requirement for blood donations. The increasing demand for blood transfusion will lead to the greater need and sales of blood culture tests for determining the presence of infections.
Competitive landscape and key vendors
The global blood culture tests market is highly competitive owing to the presence of many global and local vendors. To increase the adoption of automated blood culture tests, many companies are establishing or strengthening their research institutes to develop safe and efficient products. Furthermore, new players have to develop efficient and cost-effective blood culture tests to compete against current and future market entrants and increase the acceptance of their products.
Key vendors in this market are -
- bioMérieux
- BD
- Roche Diagnostics
- ThermoFisher Scientific
- Cepheid
Other prominent vendors in the market are AB Sciex, AdvanDX, Alere, Beckman Coulter, Bruker, Dade Behring, Eurogentec, IRIDICA, Nanosphere, and Siemens.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global blood culture tests market?
- What are the key market trends impacting the growth of the global blood culture tests market?
- What are the challenges to market growth?
- Who are the key vendors in the global blood culture tests market?
- What are the market opportunities and threats faced by the vendors in the global blood culture tests market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global blood culture tests market?
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