Global Sepsis Diagnostics Market | Growth, Trends, Share

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The Global Sepsis Diagnostics Market to Expand at
CAGR of 8.18 by 2028
Triton Market Research presents the Global Sepsis
Diagnostics Market segmented by Diagnostic Method
(Automated Diagnostics, Conventional
Diagnostics), Pathogen (Fungal Sepsis,
Gram-Positive and GramNegative Bacterial Sepsis,
Other Pathogens), Technology (Molecular
Diagnostics, Microbiology, Immunoassay, Other
Technologies), Testing Type (Point-of-Care
Testing, Laboratory Testing), Product
(Instruments, Blood Culture Media, Assay Kits
Reagents), and Geography (Asia-Pacific, Middle
East and Africa, Europe, North America, Latin
America). The report also discusses the Market
Summary, Industry Outlook, Impact of COVID-19,
Key Insights, Porter's Five Forces Model, Market
Attractiveness Index, Vendor Scorecard, Key
Market Strategies, Drivers, Restraints,
Opportunities, Competitive Landscape, Research
Methodology Scope, Global Market Size,
Forecasts Analysis (2021-2028).
GLOBAL SEPSIS DIAGNOSTICS MARKET
2021-2028 CAGrT8.18 The regional paradigm of
SEPSIS DIAGNOSTICS MARKET was dominated by North
America by capturing a majority of revenue share.
On the other hand, Asia Pacific is anticipated to
be the fastest growing regional market over the
forecast period. www.tritonmarketresearch.com
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suggests that the global sepsis diagnostics
market is anticipated to observe a surge at a
CAGR of 8.18 over the forecasting period
2021-2028. Sepsis refers to a condition that
emerges as a result of the body's response to
pathogenic microorganisms in the blood. Several
companies are taking initiatives to develop new
technologies to address this condition.
The rising government initiatives for research
activities related to sepsis are creating several
opportunities for the global market over the
considered phase. Over the years, there has been
a tremendous rise in sepsis cases, owing to the
increasing geriatric population and high risk of
sepsis
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among patients undergoing an organ transplant. As
per NHS, sepsis is a rare but severe complication
of an infection, leading to organ failure if not
remedied. Hence, these factors increase the need
for research activities to develop new
treatments. However, the high cost of the
instrument, coupled with reimbursement issues, is
restricting the overall progression of the sepsis
diagnostics market. North America holds the
largest market share in the sepsis diagnostics
market and is likely to continue its stronghold
till 2028. The region's robust growth can be
attributed to the well-developed healthcare
infrastructure in the United States and Canada.
This resulted in the high adoption rate for
sepsis diagnostics instruments in laboratories
and diagnostics centers. Above all, the favorable
healthcare reimbursement in the region's
countries has influenced the higher penetration
of automated sepsis diagnostics analyzers in the
market. Therefore, such developments are
estimated to support the sepsis diagnostics
market's lucrative growth across North
America. The companies engaged in the sepsis
diagnostics market include Immunexpress Inc,
Thermo Fisher Scientific Inc, Response Biomedical
Corporation, Bruker Corporation, T2 Biosystems
Inc, Cytosorbents, F Hoffmann-La Roche, EKF
Diagnostics, Becton Dickinson and Company (CR
Bard), Abbott Laboratories, Danaher Corporation,
Biomerieux SA, and Luminex Corporation. Due to
high industry profitability and unmet medical
needs, the threat of new market players is
considerably high in the sepsis diagnostics
market. Moreover, favorable government policies
are encouraging new companies to enter the
market. At the same time, some of the major
companies have global distribution channels,
along with collaborations with large
distributors, hospitals, and diagnostic centers.
Hence, these companies are anticipated to
experience intense competition based on pricing,
innovations, and others. This indicates the
competition to be high among existing players.
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