Rise in Regulatory Approvals of Essential Diagnostic Solutions to Offer Sepsis Diagnostics US$ 1,630 Million Market Opportunity in 2032
Fact.MR – A Market Research and Competitive Intelligence Provider: The global sepsis diagnostics market stood at US$ 755 Million in 2022 and is expected to reach a valuation of US$ 1,630 Million by the end of 2032. The market is anticipated to grow at a CAGR of 8% in the forecast period from 2022 to 2032.
Rapid approvals of crucial sepsis diagnostics and treatment options by regulatory bodies, most specifically US Food and Drug Administration, has resulted in surge in sepsis diagnostic product launches. This has ultimately boosted the growth of global sepsis diagnostics market.
Moreover, The Covid-19 pandemic has contributed to the growth of the market due to rise in respiratory complications & sepsis of the lungs. Increase in hospitalizations due to Covid-19 has widened growth opportunities.
Additionally, high prevalence of sepsis in various high-income nations has led to emergence of new sepsis diagnostic providers in the market. Also, governments across the globe are actively launching campaigns and taking initiatives to drive adoption of modern sepsis diagnostic technologies.
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Besides this, rising prevalence of various hospital-acquired infections that are characterized by sepsis such as urinary tract infections, surgical site infection is anticipated to drive sepsis diagnostics market.
Moreover, as per National Center for Biotechnology Information, patients suffering from septic diseases occupy a major share of hospital usage. These factors are ultimately expected to boost the adoption of sepsis diagnostics during the forecast period.
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Sepsis diagnostics market is highly fragmented. Key players in the market are expanding production capabilities and are focusing on strategic mergers and acquisitions. Moreover, many prominent players are broadening their product portfolio post clearance from regulatory bodies and government authorities.
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In its recent study, Fact.MR reveals factors influencing the growth in the global sepsis diagnostics market during the assessment period. The study also offers compelling insights into prominent drivers creating growth opportunities in the sepsis diagnostics market through detailed segmentation as follows:
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