The Sepsis Diagnostics Market growth is projected to reach USD 890 million by 2029, up from USD 634 million in 2024, growing at a 7.0% CAGR. The market’s expansion is driven by the increasing number of diagnostic centers and hospitals, along with heightened public-private research funding. Furthermore, the growing use of biomarker profiling for sepsis diagnostics is expected to further drive market growth.
Based on the product, sepsis diagnostics is segmented into blood culture media, assays & reagents, instruments, and software. During the forecast period, blood culture media is expected to dominate the sepsis diagnostics market. The growth of the media segment will be driven by being the standard method across the globe for sepsis diagnostics.
Based on method, sepsis diagnostics is segmented into conventional diagnostics and automated diagnostics. During the forecast period, automated diagnostics is expected to dominate the sepsis diagnostics market. Automated diagnostics reduces risk of contamination, provides quick turnaround time and accurate detection of positive blood cultures which is anticipated to further propel market growth.
Based on test type, the sepsis diagnostics market is segmented into laboratory tests and point-of-care tests. During the forecast period, the laboratory tests segment is estimated to hold the largest market share during the forecast period. While the point-of-care tests segment is expected to grow at the highest CAGR. The rising adoption of POC testing devices and increasing technological advancements is the major driver for growth.
Based on end user, the sepsis diagnostics market is segmented into hospitals & specialty clinics, pathology & reference labs and research laboratories, academic institutes & CROs. During the forecast period, hospitals & specialty clinics is expected to account for the largest market share in the sepsis diagnostics market. The large share of this segment is attributed to the the increasing number of initiatives taken by hospitals to identify and diagnose sepsis and furthermore high prevalence of sepsis among ICU patients.
The sepsis diagnostics market covers five key geographies—North America, Europe, Asia Pacific, Latin America, and the Middle East. The market in the Asia Pacific region is expected to offer significant opportunities for the growth of the sepsis diagnostics market in 2024. The growth of the market can be attributed to the presence of a large target patient population, improving diagnosis and treatment rates for sepsis, and growing adoption of advanced diagnostics options in several Asia Pacific countries.
Sources:
https://www.marketsandmarkets.com/PressReleases/sepsis-diagnostic.asp
https://finance.yahoo.com/news/sepsis-diagnostics-market-expected-reach-123000491.html