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Blood Culture Tests - Global Market Trajectory & Analytics

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    Report

  • 276 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804720
Global Blood Culture Tests Market to Reach $6.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Blood Culture Tests estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2027, growing at a CAGR of 6.8% over the period 2020-2027. Automated method, one of the segments analyzed in the report, is projected to record 8.5% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Conventional manual method segment is readjusted to a revised 5.8% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 10.5% CAGR

The Blood Culture Tests market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 10.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Select Competitors (Total 42 Featured):
  • Beckman Coulter, Inc.
  • Becton, Dickinson and Company
  • bioMerieux SA
  • Bruker Corporation
  • Cepheid, Inc.
  • Roche Diagnostics (Schweiz) AG
  • T2 Biosystems
  • Thermo Fisher Scientific, Inc.
Frequently Asked Questions about the Global Market for Blood Culture Tests

What is the estimated value of the Global Market for Blood Culture Tests?

The Global Market for Blood Culture Tests was estimated to be valued at $4.0 Billion in 2020.

What is the growth rate of the Global Market for Blood Culture Tests?

The growth rate of the Global Market for Blood Culture Tests is 6.7%, with an estimated value of $6.3 Billion by 2027.

What is the forecasted size of the Global Market for Blood Culture Tests?

The Global Market for Blood Culture Tests is estimated to be worth $6.3 Billion by 2027.

Table of Contents

I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Blood Culture Tests Market to Register Moderate Growth
  • Automated Method to Account for Highest Growth Rate, Driven by Minimized Contamination and Quicker Turnaround Time
  • Exhibit 1: Turnaround Time for Conventional Tests Vs Automated Tests
  • Exhibit 2: Percentage Breakdown of Revenue Share of Blood Testing Market by Revenue
  • Impact of Covid-19 and a Looming Global Recession
  • Growth in Number of Sepsis Cases across the Globe to Bode Well for Market Growth
  • Ageing Population Drives Demand
  • Exhibit 3: Global Population Statistics and Estimates for the 60+ Age Group (1990, 2015, 2050E, 2100E)
  • High Incidence Rates of Infectious Disease to Bode Well for Market
  • New Product Launches Provide Impetus to the Market Growth
  • Exhibit 4: A List of Recent Innovations for Diagnosing Infectious Disease
  • Lack of Skilled Laboratory Technicians to Slow Down Market Growth
  • Exhibit 5: Skill Shortage of Health Aides in the US: 2025

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42