Impact of Covid19 on Blood Culture Tests Market, Future Growth 2020-2026 | Market to Reach USD 7060.5 Billion with CAGR 8.0%

: New York, United States, 31-July-2020, (Via WiredRelease), (Reports and Data) – According to the current analysis of Reports and Data, the global Blood culture test market was valued at USD 3857.3 Million in 2018 and is expected to reach USD 7060.5 million by year 2026, at a CAGR of 8.0%. The study covers in depth analysis of Blood culture tests and challenges faced by them. The blood culture represents a critical tool, for the healthcare professionals as a means of identifying the harmful presence of living organisms in the bloodstream. A positive blood culture can help to find a definitive diagnosis and enable the targeting therapy against the specific organism and provide prognostic value. False positives arising due to contamination, usual risks of venipuncture increasing use central venous catheters (CVC) and other indwelling vascular access devices and high costs are major hindrance to the global blood culture test. One of the biggest challenges faced during blood sample collection is making sure an organism is inadvertently introduced in the blood. Despite its limitations, the blood culture remains the “gold standard” for the detection of bacteremia.

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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market.  The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.

Key participants include

Thermo Fisher Scientific, Inc, Becton, Dickinson and Company, bioMérieux SA, Cepheid, Inc, Nanosphere, Inc., IRIDICA, Beckman Coulter, Bruker Corporation, and T2 Biosystems.

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For the purpose of this report, Reports and Data have segmented into the global Blood Culture Tests market on the basis of type, propellants, application, and region:

Method (Revenue, USD Million; 2016–2026)

Conventional/Manual Blood Culture MethodAutomated Blood Culture Method

Product (Revenue, USD Million; 2016–2026)

Consumables  Blood Culture MediaAssay Kits and ReagentsBlood Culture Accessories   

Instruments (Revenue, USD Million; 2016–2026)

Automated Blood Culture SystemsSupporting Laboratory EquipmentIncubatorsColony CountersMicroscopesGram StainersSoftware & Services

 Application (Revenue, USD Million; 2016–2026)

BacteremiaFungemia

 End Use (Revenue, USD Million; 2016–2026)

Hospital LaboratoriesReference Laboratories

Regional Outlook (Revenue, USD Million; 2017-2027)

North America

U.S

Europe

U.K

France

Asia Pacific

China

India

Japan

MEA

Latin America

Brazil

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Key insights of the report:

The report delivers key statistics on the current market status of the Blood Culture Tests manufacturers and is a reliable source of guidance and direction for the companies and individuals interested in the industry. The report delivers an overview of the industry, including the basic definition, applications, the latest manufacturing technology, and others. The report comprises of the company profile, product specifications, production capacity, production value, and market shares for the key competitors. The market is further divided by company, by country, and by application/type for the competitive landscape analysis.

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