Sepsis Diagnostics Market Porter's Five Forces Analysis and Technology Landscape

Sepsis Diagnostics Industry Overview

The global sepsis diagnostics market size was valued at USD 615.4 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.6% from 2022 to 2030. Factors, such as the high prevalence of sepsis, increasing awareness, and the introduction of technologically advanced diagnostic solutions are expected to significantly fuel the market growth over the forecast period. Sepsis is a severe medical condition caused by the overwhelming immune response to an infection. Recent studies have shown an increasing prevalence of this life-threatening disease around the globe.

 U.S. sepsis diagnostics market size, by product, 2020 - 2030 (USD Million)

According to the data published by the WHO in April 2018, globally, this condition affects more than 30 million people and leads to around 6 million deaths every year. The same source states that globally, around 3 million newborns and 1.2 million children suffer from this condition every year. Such a high prevalence is anticipated to increase demand for its diagnostic solutions, thus fueling the market growth over the forecast period. The outbreak of novel coronavirus (COVID-19) and a subsequent increase in the risk of developing sepsis are some of the key contributors driving the demand for diagnostics solutions.

Gather more insights about the market drivers, restraints, and growth of the Global Sepsis Diagnostics market

According to the Global Sepsis Alliance in April 2020, around 30% of COVID-19 patients had evidence of liver injury and around 75% reported a depressed immune response in Seattle, U.S. Accord. As per the Global Sepsis Alliance, viruses responsible for COVID-19, influenza, pneumonia, meningitis, and others are primarily responsible for causing sepsis. Based on a retrospective study, hospitalized COVID-19 patients pose a higher risk of developing coinfections. The study revealed that among the non-survivors, around 50% of patients had a secondary infection, almost 100% of the non-survivors had sepsis, and about 70% had septic shock.

Thus, one of the critical causes of mortality among COVID-19 patients is sepsis. Currently, most of the existing diagnostic tests can take up to 72 hours to process and provide final results. Thus, high demand for rapid diagnostic tests exists in the market for the early diagnosis of sepsis that could save thousands of lives. In February 2019, researchers at the University of Strathclyde discovered a ground-breaking and cost-effective test for earlier diagnosis of this disease. This newly developed test uses a microelectrode to analyze the patients’ blood and can provide final results in around two and a half minutes.

Key players in the market have lucrative opportunities to strengthen their market position with the development and launch of such advanced rapid tests. Increasing regulatory approval and the introduction of technologically advanced diagnostic solutions are expected to be the prominent factors facilitating market growth over the forecast period. For instance, in May 2020, Beckman Coulter launched its new DxH 690T hematology analyzer with early sepsis indicators in the U.S. In August 2018, Japan-based Sysmex Corp. launched its new HISCL Presepsin Assay Kit for determining levels of presepsin, the main test parameter for bacterial sepsis.

This kit is designed to achieve early diagnosis of bacterial sepsis with high precision as compared to conventional biomarkers. Hospital-Acquired Infections (HAIs) can trigger sepsis, especially in the geriatric population, newborn babies, and people suffering from chronic diseases. The prevalence of HAIs is increasing owing to the high incidence of various chronic diseases, such as diabetes. A rise in the number of admissions in acute care hospitals often leads to infections, which cause sepsis. Sepsis, in such a group of patients, sometimes leads to re-hospitalization within 30 days of treatment, which propels the demand for its diagnostic products in hospitals. 

Browse through Grand View Research's Medical Devices Industry Research Reports.

Biosensors Market - The global biosensors market size was valued at USD 26.8 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030.

Continuous Renal Replacement Therapy Market - The global continuous renal replacement therapy market size was valued at USD 1.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030.

Sepsis Diagnostics Market Segmentation

Grand View Research has segmented the global sepsis diagnostics market based on product, technology, pathogen, testing type, end-user, method and region:

Sepsis Diagnostics Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Instruments
  • Blood Culture Media
  • Assay Kits & Reagents

Sepsis Diagnostics Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • Microbiology
  • Molecular Diagnostics
  • Immunoassays
  • Flow Cytometry
  • Others

Sepsis Diagnostics Pathogen Outlook (Revenue, USD Million, 2018 - 2030)

  • Bacterial Sepsis
  • Fungal Sepsis
  • Viral Sepsis
  • Others

Sepsis Diagnostics Testing Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Laboratory Testing
  • POC Testing

Sepsis Diagnostics Method Outlook (Revenue, USD Million, 2018 - 2030)

  • Automated Diagnostics
  • Conventional Diagnostics

Sepsis Diagnostics End-user Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals & Clinics
  • Pathology & Reference Laboratories
  • Research Institutes and Others

Sepsis Diagnostics Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Market Share Insights

October 2021: Prenosis Inc. extended its existing deal with Roche Diagnostics to increase the speed of clinical diagnosis of sepsis. Prenosis Inc. is a precision diagnostics firm that applies Artificial Intelligence (AI) to improve clinical diagnosis.

May 2020: The Biomedical Advanced Research and Development Authority (BARDA) collaborated with Beckman Coulter for the development of a digital algorithm to identify sepsis in patients with COVID-19.

Key Companies profiled:

Some of the prominent players in the global sepsis diagnostics market include:

  • bioMérieux SA
  • Becton, Dickinson and Company
  • Thermo Fisher Scientific, Inc.
  • Hoffmann-La Roche AG
  • Danaher Corporation (Beckman Coulter, Inc.)
    • Cepheid
    • Beckman Coulter, Inc.
  • Luminex Corp.
  • Bruker Corp.
  • Amara Health Analytics
  • Wolters Kluwer N.V.
  • Cerner Corp.
  • Epic Systems Corp.
  • Mckesson Corp.
  • GE Healthcare
  • Koninklijke Philips N.V.

Order a free sample PDF of the Sepsis Diagnostics Market Intelligence Study, published by Grand View Research.

No comments:

Post a Comment

Analyzing the Impact of Corn Procurement on Revenue: A Forecasting Perspective

The Corn Category is expected to grow at a 3.1% CAGR from 2023 to 2030. The key factors driving corn demand are the rising demand for proce...