Sepsis Diagnostic Market 2018-2024 | Growth Forecast Report
Date: 2018-09-10   Author: Rahul Sankrityayan  Category: #market

Sepsis Diagnostic Market 2018-2024 | Growth Forecast Report

The Sepsis Diagnostic Market is poised to grow significantly from 2018 to 2024. Sepsis diagnostic market revenue is anticipated to grow due to increasing number of surgical procedures. Most common surgical procedures performed in U.S. are cataract surgery, breast biopsy, hysterectomy and partial colectomy and around 48.3 million surgical procedures were performed in the U.S. that has surged the business growth. Increasing number of surgical procedures causing infections that require diagnostic procedures will escalate the industry growth.

Increasing government initiatives to spread awareness regarding the sepsis diagnosis will also play a significant growth influencing factor in coming years. For instance, government funds activities undertaken by not-for-profit organizations such as Global Sepsis Alliance that is engaged in spreading awareness regarding sepsis management is one of such initiatives which will augment sepsis diagnostics demand.

Although, the market has various opportunities, high costs associated with the sepsis management devices will hamper the market growth. Past few years, sepsis has been a major factor contributing to high mortality rates and thus, major industry participants have innovated new devices for efficient sepsis management. These devices have advanced technology integrated within them that increases their prices favoring the industry growth.

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Assays and reagents market segment will lead industry owing to the increasing demand for sepsis management. In the U.S. alone, around 1,000,000 death cases account to sepsis caused to the hospitalized patients. Moreover, development of biomarkers used in the clinical assays possessing specificity have driven the business growth significantly.

Automated diagnosis market segment is expected to grow at a considerable rate due to the ease and convenience provided by such diagnostic devices. Major manufacturing companies have focused their efforts on developing new devices for sepsis management. The newly innovated devices are automated and help in early detection of sepsis thus, reducing mortality rates and increasing their demand.

Pathology laboratories market segment will witness high growth in upcoming years due to increasing demand for laboratory services that help in proper sepsis management. These laboratories adopt advanced devices and have skilled professionals operating these devices. Aforementioned factors help in quick detection enabling quick recovery from sepsis that enhance the business growth.

U.S. sepsis diagnostics market will hold largest market share during the forecast period, owing to increasing cases of sepsis that has increased the mortality rates amongst the hospitalized patients. There was around 5.7% increase in the cases of sepsis from 2007 to 2013. The cases increased from 200,535 to 279, 530; reflecting the need for early sepsis diagnosis.

Germany sepsis diagnostics market should witness lucrative growth due to increasing adoption rates of sepsis diagnostic devices that are integrated with advanced technology. Increasing hospital acquired infections is also responsible for driving the industry growth. Above mentioned factors along with growing geriatric population more susceptible to chronic infections will result in rising demand for sepsis diagnostic devices.

Some of the key industry players are Abbott, Axis-Shield Diagnostics, Biomerieux, Becton Dickinson, Bruker, Cytosorbents, Danaher, Immunexpress, Luminex and Roche Diagnostics. These key leaders undertake various strategic initiatives to attain financial stability and sustain market competition. For instance, Luminex has developed VERIGENE that diagnosis sepsis based on the type of bacteria. Development of such new product will help the company to gain profits by developing the product portfolio.



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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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