Sepsis Diagnostics Market 2022 Industry Outlook, Investment Analysis And Revenue 2030Posted by rahul nikade on December 4th, 2022 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. 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. 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 have 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 finals 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. Gather more insights about the market drivers, restrains and growth of the Global Sepsis Diagnostics Market 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. Moreover, in August 2018, Japan-based Sysmex Corporation 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 hospital-acquired infections 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. Hospital-acquired infections majorly include urinary tract infections (UTIs) and surgical-site infections (SSIs), which can result in sepsis. According to the WHO, 7 out of every 100 hospitalized patients is likely to develop hospital-acquired infections in developed countries, whereas this number is likely to increase to 10 in developing countries due to poor healthcare infrastructure. In addition, according to the CDC estimates, every year, around 1.7 million patients suffer from HAIs and around 99,000 patients die due to HAIs in the U.S. Furthermore, the outbreak of novel coronavirus (COVID-19) and a subsequent increase in the risk of developing sepsis are some of the key factors anticipated to drive the demand for its diagnostics solutions. According to a study published by the Global Sepsis Alliance, in April 2020, over 30% of COVID-19 patients had evidence of liver injury and around 75% reported a depressed immune response in Seattle, U.S. According to the data published by the CDC, around 6% of COVID-19 patients were critical and admitted to the intensive care unit. According to the Global Sepsis Alliance, viruses causing COVID-19, influenza, HIV, meningitis, pneumonia, and others are primarily responsible for causing sepsis. Based on a retrospective study, patients hospitalized with COVID-19 pose a higher risk of developing coinfections. The study revealed that among the non-survivors, 50% had a secondary infection, 100% of these non-survivors had sepsis, and about 70% had septic shock. Thus, one of the critical causes of mortality among COVID-19 patients is sepsis. Browse through Grand View Research's Clinical Diagnostics Industry Research Reports.
Sepsis Diagnostics Market Segmentation Grand View Research has segmented the global sepsis diagnostics market based on product, technology, pathogen, testing type, and region:
Market Share Insights
Key Companies profiled: Some prominent players in the global sepsis diagnostics market include
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