Lewes, DE -- (SBWire) -- 11/29/2016 --Report forecast the global blood stream infection testing market to grow at a CAGR of 7.75% during the period 2016-2020.
The presence of bacteria and fungi in blood leads to blood stream infections. Bacteria and fungi enter into the blood and cause severe complications and infections such as pneumonia, meningitis, sepsis and AIDS. Bloodstream infections are caused when bacteria enter the bloodstream; this may occur through a wound, injection, or through a surgical procedure. Symptoms of bacteremia may include fever, chills, malaise, nausea, diarrhea, shortness of breath, and vomiting.
The report covers the present scenario and the growth prospects of the global blood stream infection testing market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the primary drivers in the market is growing awareness of blood donation increasing the demand for BSI testing market. In recent times, the demand for blood and blood safety products is on the rise worldwide. The adoption of sophisticated surgical procedures is on high demand in hospitals due to advances in healthcare systems and improved medical coverage. The complex surgeries which need blood from donors are readily available. Some recent research studies estimated that the blood donations from voluntary blood donation campaigns and unpaid donors is going to increase by 5% during the forecast period in developing and developed countries. In the last decade, 73 countries together accounted for 90% of the overall blood donations. Annually, about 92 million people worldwide donate blood. WHO estimated that 108 million people worldwide donated blood in 2012, with high-income countries such as the US, the UK, Japan, France, and Germany accounting for 50% of the overall blood donations. Low-income countries including Bangladesh and Egypt also reported a surge in blood donations. Blood collection in Vietnam increased from 0.26 million donors in 2002 to 0.77 million donors in 2012. The rise in blood donations increases the need for blood culture devices. These devices screen the collected blood for any diseases-causing agents or other microbial contamination.
Further, the report states that one major challenge in the market is high cost of instruments restricts market growth. The automated blood culture test instruments or equipment are usually expensive. The real time PCR instruments are more expensive among other instruments. The real-time PCR of the BioRad is around $9,900 and Applied Biosystems provide real-time PCR for around $14,500. In developing countries, the blood culture test market is highly impacted by expensive instruments than developed countries due to less affordability among people. Though instruments are one-time investment, the high cost of these instruments prevent hospital authorities to purchase them.
Global Blood Stream Infection Testing 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 stream infection testing market: BD, bioMérieux, Cepheid, Roche Diagnostics, and Thermo Fisher.
Other prominent vendors in the market are: IRIDICA, Alere, Beckman Coulter, Bruker, Nanosphere, Siemens, Dade Behring, AdvanDX, Eurogentec, and AB Sciex.
Market driver
- Growing awareness of blood donation increasing the demand for BSI testing market.
- For a full, detailed list, view our report
Market challenge
- Lack of favorable reimbursement reduces adoption rate among patients.
- For a full, detailed list, view our report
Market trend
- Increasing demand for infection control committee in hospitals.
- 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 82 pages and 43 Exhibits "Global Blood Stream Infection Testing Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by application, Market segmentation by technology, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-blood-stream-infection-testing-market-2016-2020
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