Growing prevalence of blood stream infections that may cause serious diseases such as pelvic inflammatory disease, pneumonia, puerperal fever, and fever of unknown origin (FUO), coupled with growing geriatric population is expected to boost blood culture tests market over the forecast period. Furthermore, growing patient awareness levels pertaining to blood related disease diagnostic procedure, growing adaptation rates of technologically advanced products, and increasing healthcare expenditure is expected to positively reinforce market growth. However, lack of appropriate reimbursement policies, rising cost of advance technology and lack qualified healthcare professionals maintaining these sophisticated equipment are amongst few factors impeding market growth.
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Consumables and instruments are two product segments analyzed in the scope of study. Key consumable products include blood culture bottles, assay and reagents kits and other consumables. In 2014, blood culture bottles accounted for majority of revenue share. Key factors attributing to its large share include rising prevalence of blood stream infection (BSI) & infectious diseases, increasing adaptation of advanced technologies, and rising demand for effective and efficient diagnostics technology. Based on methods, automated blood culture segment of the blood culture test market is estimated to witness lucrative growth over the forecast period. This growth can be attributed to certain factors such as rising demand for quick diagnostics procedure, rising awareness of healthcare practitioners pertaining to the technological advanced products and increasing patient awareness regarding diseases and its diagnosis. In 2014, the aerobic blood culture market emerged as one of the highest revenue generating application area. Key factors for its large market share include raising demand for effective and rapid treatment options, ease of handling of these cultures by the microbiologists, higher sensitivity of organism recovery and faster TTP (Time to Positivity). In 2014, reference laboratories emerged as one of the most lucrative end use market owing to the increasing necessity for providing scientific and technical assistance and increasing need for expert opinion.
North America, Asia Pacific, Europe, MEA and Latin America are amongst key regional markets analyzed in the scope of study. In 2014, North America was one of the most revenue generating regional market owing to the constantly growing geriatric population which is prone to various blood related disorders, and presence of technologically advanced diagnostics tools and techniques such as Bac Spectrum assay, electrospray ionization, and mass spectrometry. However, Asia Pacific is expected to grow at a lucrative rate over the forecast period of seven years. Key factors attributing for its rapid growth includes favorable government initiatives pertaining to the development of healthcare infrastructure, continuous economic development and increasing healthcare expenditure in countries such as India, China and Japan.
Key players operating in global blood culture market include Abbott Laboratories, bioMérieux SA, Becton Dickinson and Company, Thermo Fisher Scientific, Inc., Siemens AG, Bruker Corporation, Cepheid, Alere, Inc., Nanosphere, Inc, and Roche Diagnostics.
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