Blood Culture Test Market

Global Blood Culture Test Market Research Report: By Product (Consumables, Instruments, Software and Services), By Method (Conventional, Automated), By Application (Bacterial, Fungal, Other), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Pharma & Healthcare | January 2024 | Report ID: EMR00396 | Pages: 301

The global blood culture test market was valued at USD 5.81 billion in 2022 and is estimated to reach approximately USD 11.75 billion by 2031, at a CAGR of 11.92% from 2023 to 2031.

Blood culture tests are a procedure used to detect the presence of microorganisms like fungi and bacteria in the blood. It diagnoses the causative agent responsible for bloodstream infection and provides a suitable therapeutic approach. Blood culture tests are often done in conjunction with other diagnostic tests such as chemical analysis and complete blood count. In addition, the tested sample can be taken from body fluids that do not normally contain bacteria, such as blood, urine, or cerebrospinal fluid.

 

 

BLOOD CULTURE TEST MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2022)

5.81 Billion

Projected Market Value (2031)

11.75 Billion

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Product, By Method, By Application & Region

Segments Covered

By Product, By Method, By Application & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Blood Culture Test Market Drivers:

  • Growing Occurrence of Bloodstream Infections

The increased prevalence of bloodstream illnesses, such as sepsis, is a primary driving force in the blood culture industry. Blood culture tests are critical for proper diagnosis, treatment, and improved patient outcomes. According to the National Institute of Health, the high incidence rate of bloodstream infections at 307 per 100,000 person-years. From 2006 to 2019, the average annual increase in incidence rate was 3.0%.

The oldest age group had the highest incidence rate and a disproportionate increase, including isolates with antimicrobial resistance. Furthermore, increasing occurrence rate in India. For instance, the prevalence rate of microbiological BSI or blood culture positivity rate was 11.2%, in line with previous studies from India, as reported by Yangzom et al 10.2%, Banik et al 4.2% in 2020. Thus, driving demand for blood culture test market.

 

Opportunities:

  • Surge in adoption of innovative technology

The rising use of molecular diagnostic techniques in blood culture testing, such as polymerase chain reaction (PCR) and nucleic acid amplification, opens the door to faster and more reliable pathogen detection. A blood culture test helps doctors figure out a kind of infection is in the bloodstream and can affect the entire body. In addition, Contamination of blood cultures has a big impact on patient care and hospital resources. Several key factors that can reduce contamination rates have been clearly demonstrated.

The blood culture contamination was reduced without using expensive commercial diversion devices, by diverting a small amount of blood using vacutainer tubes by changing the test draw order, which could also be accomplished for blood cultures alone by simply discarding the diverted portion. Therefore, increasing demand in the global market during the forecast period.

 

Restraints:

  • High cost of automated blood culture instruments

The increasing cost of the blood culture instrument and device is a key factor hampering the growth of the global market. Automated blood culture instruments are equipped with advanced technologies, including automated sample processing, continuous monitoring, and sophisticated data analysis capabilities. These systems are sophisticated instruments designed for the rapid and efficient detection of microorganisms in blood samples. Furthermore, regular maintenance, calibration, and updates to ensure the proper functioning of the automated blood culture systems contribute to ongoing costs. As a result, the growth of the global market is hampered.

 

Segment Overview

By Product

Based on product, the global blood culture test market is segmented into consumables, instruments, software, and services. The consumables segment dominated the market in 2022 and is expected to dominate during the blood culture test market in the forecast period, due to the rise in demand for blood culture media, assay, kits, and reagents. Increasing awareness about the benefits of the procedure are major factor responsible for market dominance. However, the instrument segment is expected to observe considerable growth during the forecast period. This is because instruments used in hospitals and diagnostic laboratories facilitate rapid results and high accuracy for the detection of bacterial and fungal.

By Method

Based on the method, the global blood culture test market is segmented into conventional, and automated. The conventional segment dominated the global blood culture test market in 2022. This is attributed to the widespread use of this traditional blood culture method in independent clinical laboratories, as well as a surge in its use in hospitals and pathology laboratories. Furthermore, a rising number of research and development activities are being conducted to produce effective blood culture assays. For instance, in December 2022, a collaborative research work conducted by the Great Ormond Street Institute of Child Health (GOSH) and Wyss Institute for Biologically announced successful results of their reengineered procedures for the identification of pathogens associated with pediatric sepsis. This is expected to fuel the growth of this segment in the global market.

By Application

Based on application, the global blood culture test market is classified into bacterial, fungal, and other. The bacterial segment dominated the blood culture test market with the largest revenue share in 2022. This due to bacterial infection is one of the leading causes of bloodstream infection and sepsis. Growing cases of bacterial infections, globally. Strategic partnerships among market players to launch new products & technologies are also projected to accelerate segment growth. For instance, in April 2023, bioMerieux partnered with Oxford Nanopore Technologies plc. The partnership is expected to develop new faster, more accurate, and easier-to-use blood culture tests, which improve the diagnosis and treatment of infectious diseases. Thus, demand of this is propelling in the global market.

 

Global Blood Culture Test Market Overview by Region

North America dominated the blood culture test market in 2022. This is due to a well-established clinical diagnostics business, the existence of multiple significant players, the availability of government-funded programs, a reimbursement mechanism, awareness activities, and new product introductions. For instance, in February 2023, BARDA received FDA Approval for the Selux NGP System in partnership with Selux Diagnostics, Inc.

The system is designed to permit testing directly from positive blood cultures, which helps to reduce the total test time from 36 hours to 16 hours from whole blood collection. Furthermore, increased knowledge and acceptance of novel diagnostic methods, strong economic growth, and increased demand for modern healthcare facilities are driving market expansion. An increase in R&D activities to create novel blood culture tests, as well as the presence of significant companies operating in the region, are driving the growth of the blood culture test market.

 

 

Global Blood Culture Test Market Competitive Landscape

In the global blood culture test market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global blood culture test market include BD,

  • Terumo Corporation,
  • Bruker Corporation,
  • bioMerieux,
  • T2 Biosystems Inc.,
  • Luminex Corporation,
  • Abbott Laboratories,
  • Siemens Healthineers AG,
  • Danaher Corporation,
  • F. Hoffmann-La Roche Ltd., and others.

 

Global Blood Culture Test Market Recent Developments

  • In March 2023, T2 Biosystems, Inc. has unveiled its intention to incorporate Candida Auris detection technology into the existing T2Candida panel. The company has successfully obtained approvals from both the FDA and CE for its T2Candida panel.
  • In April 2023, Bruker Corporation introduced MALDI Biotyper IVD Software. The new software provides a high sample throughput for microbial identification. The software is used in a variety of clinical settings, including hospitals, clinics, and reference laboratories.
  • In May 2021, F. Hoffmann-La Roche Ltd has acquired GenMark Diagnostics to enhance its molecular diagnostics portfolio by incorporating GenMark's proficiency in syndromic testing. The integration of GenMark's ePlex systems complements Roche's efforts in addressing infectious diseases and combating antibiotic resistance, further strengthening its capabilities in these crucial areas.

 

Scope of the Global Blood Culture Test Market Report

Blood Culture Test Market Report Segmentation

ATTRIBUTE

DETAILS

By Product

  • Consumables
  • Instruments
  • Software and Services

By Method

  • Conventional
  • Automated

By Application

  • Bacterial
  • Fungal
  • Other

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Blood Culture Test Market Size and Forecast: To identify and estimate the market size for the global blood culture test market segmented By Product, By Method, By Application & Region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of blood culture test between 2019 and 2031.
  • Market Landscape and TrendsTo identify and infer the drivers, restraints, opportunities, and challenges for the global blood culture test market
  • Market Influencing Factors: To find out the factors which are affecting the sales of blood culture test among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global blood culture test market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Business Executives 
  • Industry Professionals
  • Academic and Research Institutions
  • Startups and Entrepreneurs
  • Governments, Associations, and Industrial Bodies
  • Investors and Trade Experts

 

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The global blood culture test market forecast period is 2023 - 2031.
According to blood culture test market research, the market is expected to grow at a CAGR of 11.92% over the coming years.
Asia-Pacific is expected to register the highest CAGR during 2023 - 2031.
North America held the largest share in 2022.
The major players operating in the global blood culture test market include BD, Terumo Corporation, Bruker Corporation, bioMerieux, T2 Biosystems Inc., Luminex Corporation, Abbott Laboratories, Siemens Healthineers AG, Danaher Corporation, F. Hoffmann-La Roche Ltd., and others.