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Global Sepsis Diagnostics Market is Anticipated to Grow at a CAGR of 8% During the Forecast Period 2016 to 2022

Sepsis Diagnostics Market Overview

The development of diagnostic tools for a diverse range of ailments has facilitated the development of the global sepsis diagnostic market as well as market reports connected with healthcare industry have been offered by MRFR which creates reports on other industry verticals that intends to analyze the current market scenarios better. The market is on track to attain an 8 % CAGR while earning USD 710 million in the forecast period.

The severity of the symptoms of sepsis necessitate the availability of accurate tests that can detect the ailment at the initial stages. The sepsis diagnostic market is expected to be motivated by the escalating level of investments from industry players. The enhanced collection of patient outcome information and incorporation into medical records is anticipated to additionally inspire the expansion of the sepsis diagnostic market in the forecast period.

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Market Segmentation

The global market has been segmented by technology, product types, and end users.

  • Based on technology, the sepsis diagnostic market consists of biomarkers, molecular diagnostics, immunoassays, and others.
  • By type of products, the sepsis market is segmented into instruments, kits, blood culture media, and others.
  • Based on end users, the sepsis diagnostic market is segmented into specialty clinics, hospitals, pathology laboratories, diagnostic centers, and others.
  • The regions that are considered in the are the Americas, Europe, Asia Pacific, Middle East, and Africa.

Regional Analysis

On the basis of the region, the global market is classified into North America, Europe, Asia Pacific (APAC), and the Middle East & Africa.

North America is expected to dominate the market and touch a valuation of USD 320 million by 2023. Prominent players in the region and favourable reimbursement policies are major drivers of the market. The excellent healthcare infrastructure and well-structured framework can positively drive sepsis diagnosis at these facilities. High frequency of product approvals and large number of cases of HAIs will induce massive demand in the global market.

On the other hand, APAC may register the fastest growth rate during the assessment period. Awareness of sepsis diagnostic tests and treatments in China and India can augur favorably for the market. Development of new kits and product launches can detect sepsis and ensure rapid patient recovery.

Europe has assumed the second position in the market after Americas and is predicted to exhibit 6.8% CAGR during the forecast period. Developments of rapid tests are the major driver of the regional market. For instance, the University of Strathclyde has developed a sepsis diagnosis test which can use a microelectrode to analyze the blood sample of the patient and provide results in 2 and half minutes.

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Competition Outlook

The prominent competitors in the global market are EKF Diagnostics (UK), T2 Biosystems, Inc. (US), bioMérieux, Inc. (US), Becton, Dickinson and Company (US), Sandstone Diagnostics, Inc. (US), Immunexpress (US), Axis-Shield Diagnostics Ltd. (Scotland), Cube Dx GmbH (Austria), and others.

Beckman Coulter, which is an international leader in the clinical diagnostics industry has announced that it is joining forces with Sepsis Alliance, the nation’s leading sepsis organization, to support the Sepsis Coordinator Network. The pioneering online, peer-to-peer alliance for healthcare professionals, the Sepsis Coordinator Network is dedicated to saving lives by advancing patient results.

Magnolia Medical has decided to partner with hospitals in the state of Seattle to provide doctors and staff with training for detection of false positive of sepsis among the pandemic of COVID-19.

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