Sepsis Diagnostics Market Share, Size, Trends, Industry Analysis Report, By Product (Instruments, Blood Culture Media, Assay Kits & Reagents, Software); By Technology; By Pathogen; By Testing Type; By Region; Segment Forecast, 2024 - 2032
- Published Date:Dec-2023
- Pages: 116
- Format: PDF
- Report ID: PM1279
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global sepsis Diagnostics market was valued at USD 682.30 million in 2023 and is expected to grow at a CAGR of 9.3% during the forecast period.
Sepsis is a potentially dangerous condition in which the body's response to an infection causes damage to its tissues. When the body's defense mechanisms inadvertently target its organs, normal functioning is disrupted, potentially leading to septic shock. Sepsis Diagnostics requires confirmation of the infection via indicators such as changes in mental status, systolic blood pressure, and respiratory rate.
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Several factors are driving the growth of the sepsis diagnostics market. Various factors, such as the widespread occurrence of sepsis, increased awareness of the condition, and the introduction of advanced diagnostic solutions. Sepsis is a serious medical threat caused by an intense immune response to infection. According to recent research, the global prevalence of this potentially fatal disease is increasing.
For instance, according to a publication by Springer Nature Switzerland AG in October 2021, the advancement of programs and guidelines plays a critical role in enhancing compliance with these bundles, thereby contributing to a reduction in mortality among patients with these specific conditions.
The research study provides a comprehensive analysis of the industry, assessing the market on the basis of various segments and sub-segments. It sheds light on the competitive landscape and introduces Sepsis Diagnostics Market key players from the perspective of market share, concentration ratio, etc. The study is a vital resource for understanding the growth drivers, opportunities, and challenges in the industry.
The rising prevalence of this disease poses a dual challenge to the economy and healthcare systems, particularly in developing countries. Various governmental and non-governmental organizations are actively engaged in efforts to raise public awareness about this illness. These initiatives typically include screening, educational campaigns, assessing the effectiveness of sepsis bundles, improved patient outcomes facilitated by advanced diagnostic methods, and the implementation of a treatment protocol.
Covid 19 has a significant impact on the sepsis diagnostics market. There has been a substantial increase in cases due to the increased prevalence of it among people with COVID-19. This trend was highlighted in a study published in the journal Frontiers in Medicine in the October 2021 issue. The International HOPE-COVID-19-Registry identified 624 cases of this condition in its analysis of 5,837 COVID-19 patients. Furthermore, the ongoing COVID-19 pandemic has had a positive impact on global sales of related products. Key market participants have reported significant revenue increases for fiscal year 2020. T2 Biosystems, Inc., for example, witnessed a remarkable 119.2% increase in annual revenues in 2020, and the company continued to experience consistent revenue growth throughout 2021.
During the lockdown, hospital visits and admissions for non-COVID-19 conditions decreased. Patients' unwillingness to visit hospitals due to perceived risks was a notable factor in this decrease. In order to manage the surge in COVID-19 admissions, some healthcare facilities temporarily stopped outpatient visits and non-urgent elective surgeries. As a result, the overall number of patient visits for non-COVID-19 reasons decreased throughout the pandemic.
Despite the availability of advanced medical care and broad-spectrum antibiotics, sepsis remains a significant contributor to both mortality and morbidity. Biomarkers are useful tools for enabling timely Diagnostics, identifying patient groups at high risk of complications, and monitoring disease progression. These evaluations are critical in designing effective therapies and improving patient outcomes.
Industry Dynamics
Growth Drivers
Increasing Incidences of Sepsis will Drive the Growth of the Market
The rising incidences of sepsis will drive the growth of the market. Any infection has the potential to set off a chain of events that leads to organ failure and tissue damage, eventually leading to this disease. In 2021, the National Institute of General Medical Sciences reported that approximately 1.7 million adults had sepsis, with nearly 270,000 deaths in the United States. Because of the increasing frequency of these cases, there is a greater need for effective diagnostic measures.
Furthermore, people who are in the hospital or have recently been discharged are at a higher risk of infection, can contribute to the onset of this disease. According to data released by the Centers for Disease Control and Prevention (CDC) in August 2022, approximately one in every three people who died in a hospital setting had this condition during their hospital stay. The rising prevalence of the disease among hospitalized patients has increased the demand for diagnostic procedures, propelling the global market ahead during the forecast period.
Report Segmentation
The market is primarily segmented based on product, technology, pathogen, testing type and region.
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By Product |
By Technology |
By Pathogen |
By Testing Type |
By Region |
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By Product Analysis
The Blood Culture Media Segment Accounted for the Largest Revenue Share
In 2023, the blood culture media segment held the largest revenue share. The segment is anticipated to maintain its dominance in the forecast period because clinicians regard blood culture as the most convenient and cost-effective testing method. The global market is divided into three product categories: instruments, blood culture media, and assay kits & reagents.
Blood cultures are considered by doctors to be the most practical and cost-effective testing method. This is especially important given the aging population, an increase in sepsis cases, an increase in bloodstream infections, a growing need for rapid diagnostic methods, and the occurrence of infectious diseases.
By Testing Type Analysis
The Laboratory Testing Segment Accounted for the Highest Market Share During the Forecast Period
The laboratory testing segment held the highest market share during the forecast period. The primary reason for this is that lab testing is more accurate in diagnosing sepsis than point-of-care (POC) testing. Clinical laboratory testing provides a thorough examination of the pathogen and its drug resistance profile. Furthermore, despite the fact that lactate levels, which serve as a valuable marker for sepsis, are nonspecific, routine testing is carried out efficiently in laboratory settings.
The increasing availability of technologically advanced products has increased the general public's and medical professionals' reliance on laboratories. Laboratory testing is anticipated to increase at the fastest rate during the forecast period. This is owing to the rapid and highly accurate diagnostic capabilities it provides. Furthermore, the proliferation of diagnostic laboratories is expected to drive the growth of this segment in the forecast period.
Regional Insights
North America Accounted for the Largest Market Share in 2023
In 2023, North America held the largest market share in the sepsis diagnostics market. During the forecasted period, the area is expected to remain at the forefront. This growth is attributed to the presence of a strong healthcare infrastructure, which fosters increased acceptance of cutting-edge diagnostic solutions. Furthermore, the region benefits from the presence of key industry players as well as a favorable reimbursement framework, which contributes to the market's overall growth. Furthermore, the region's increased prevalence of sepsis and infectious diseases is anticipated to drive demand for innovative diagnostic solutions.
Asia Pacific is accounted for the fastest growth in the sepsis Diagnostics market. The increased number of new product approvals and launches has spurred the market in this region. Healthcare costs in Asia Pacific, excluding Japan (APEJ), are rising as the region's population grows and living standards improve. This has created significant opportunities for the rising septic diagnostic services market in this region.
Key Market Players & Competitive Insights
The market is characterized by intense competition, with established players relying on advanced technology, high-quality products, and a strong brand image to drive revenue growth. These companies employ various strategies such as research and development, mergers and acquisitions, and technological innovations to expand their product portfolios and maintain a competitive edge in the market.
Some of the major players operating in the global market include:
- Abbott Laboratories
- Axis-Shield Diagnostics
- Becton Dickinson
- Bruker
- CytoSorbents
- Danaher Corporation
- EKF Diagnostics
- Immunexpress
- IoMérieux
- Luminex
- Response Biomedical
- Roche Diagnostics
- T2 Biosystems
- Thermo Fisher Scientific
Recent Developments
- March 2023: Sysmex Corporation has partnered with Nephron Pharmaceuticals aimed at creating a swift point-of-care diagnostic test for sepsis.
- April 2023: GenMark Diagnostics has launched the ePlex Blood Culture ID Panel, a diagnostic test capable of identifying more than 40 bacterial and fungal pathogens commonly linked to sepsis.
- May 2023: BioFire Diagnostics launched the FilmArray BCID2 Panel, an advanced sepsis diagnostic assay capable of identifying more than 40 bacterial and fungal pathogens.
- April 2024: Abbott announced that the US FDA had approved the use of its i-STAT TBI cartridge with whole blood. According to Abbott, the new approval allows physicians to obtain lab-quality results in almost 15 minutes and assess patients who may have had a concussion at the patient's bedside.
- September 2024: Cepheid announced a significant partnership with the Fleming Initiative, a global cooperation founded by Imperial College London and Imperial College Healthcare NHS Trust. With the new partnership, Cepheid aims to fight antimicrobial resistance.
Sepsis Diagnostics Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 744.18 million |
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Revenue forecast in 2032 |
USD 1,520.23 million |
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CAGR |
9.3% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments Covered |
By Product, By Technology, By Pathogen, By Testing Type, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region, and segmentation |
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FAQ's
The global sepsis diagnostics market size is expected to reach USD 1,520.23 million by 2032
Key players in the market are Abbott Laboratories, Axis-Shield Diagnostics, Becton Dickinson, Bruker, CytoSorbents, Danaher Corporation
North America contribute notably towards the global sepsis diagnostics market
The global sepsis Diagnostics market is expected to grow at a CAGR of 9.3% during the forecast period.
The sepsis diagnostics market report covering key segments are product, technology, pathogen, testing type and region.
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