Global Septicemia Diagnostic Testing Market - Overview
The prevalence of septicemia is increasing worldwide, and this is set to ensure that the diagnostic market in this domain will see an upward rise between 2018 and 2026. And, it is worth noting that the testing includes detecting a certain bacterium inside the intestine of a human. The bacterium is shigellosis and can be life threatening. Growing awareness is improving the treatment outcomes, and is leading to better growth projections for septicemia diagnostic testing market.
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A comprehensive market study prepared by Transparency Market Research (TMR) on global septicemia diagnostic testing market, provides market players with a thorough analysis if trends, drivers and regional potential for growth over the forecast period of 2019 and 2027. It also contains incisive insights into other market dynamics such as competitive landscape, including details such as profiles of notable players, their market strategies, and how the interplay is leading to market growth over the forecast period. Thus, the report can contribute to better decision making on part of market players over the forecast period.
Global Septicemia Diagnostic Testing Market – Key Trends and Drivers
Multiple factors impact the growth of global septicemia diagnostic testing market. One of the most prominent factors at play in the market landscape id the need for early diagnosis. Since the infection is serious, doctors recommend a screening at the earliest. Besides, it is, quite clear that fatalities occur when diagnosis is delayed. And, as people gain awareness regarding the infection, demand is only moving higher up on the graph.
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Other prominent factors include increase in incidence of hospital acquired infections and rise in geriatric population. Besides, more surgeries are happening today than ever before owing to rising disposable incomes, better healthcare coverage, and improving awareness levels.
By the end of 2050, geriatric population will witness an explosion with some 2 billion people entering the ages of 60 and above. The rise is notable for the rise is steep. In 2015, the number of people in this age bracket were a mere 900 million. Additionally, the ratios of people aged 65 and above are just as pronounced. For instance, the number of people occupying the stated bracket would be one in every six in the world. While in North America and Europe, the ratio would be one in every four. It is worth noting here that the rapidly ageing world population is also the demographic that is particularly susceptible to bacterial and viral infections.
In terms of hospital acquired infection, the World Health Organization projects serious figures – 7/100 people hospitalized in developing nations. And, these factors together play a crucial role in helping the global septicemia diagnostic testing market chart a high growth curve over the forecast period.
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Global Septicemia Diagnostic Testing Market – Key Companies
Global septicemia diagnostic testing market is highly competitive and slightly fragmented and the prominent companies that mark its landscape include bioMérieux SABecton, Thermo Fisher Scientific Inc.,Dickinson and Company, Cepheid Inc., and Roche Diagnostics, among others. These are profiled in the Transparency Market Research report.
Global Septicemia Diagnostic Testing Market – Regional Analysis
The North American region will demonstrate a stellar growth curve, owing to high level of adoption of technology that is advanced. Besides, the region is also an early adopter if high technology products. However, while North America will account for a major share of the market, the Asia Pacific (APAC) region will generate a number of high value opportunities in the global septicaemia diagnostic testing market, over the forecast period.
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