New york, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Increasing awareness across the globe, growing geriatric population, continuous growth in population, increasing environmental pollution and increased investments in the healthcare sector coupled with increased adoption of advanced technologies by the healthcare professionals key factors contributing to high CAGR of Sepsis Diagnostics during forecast period.
According to the current analysis of Reports and Data, the global Sepsis Diagnostics market was valued at USD 385.0 million in 2018 and is expected to reach USD 772.1 million by the year 2026, at a CAGR of 9.0%. Sepsis is one of the significant challenges faced by hospitals. Sepsis is a medical condition caused by an overactive immune response to an infection. The immune system releases chemicals for protecting the body from disease; however, excess of these chemicals causes other severe conditions, including inflammation, blood clots, and leaky blood vessels. The unsteady blood flow causes a lack of proper blood flow to all the body organs leading to organ failure and in extreme conditions, septic shock. Sepsis is most common in infants, pregnant women, sick people, and the old population.
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Thus, a rise in geriatric population has led to an increase in the sepsis diagnosis activities. According to the World Health Organization, Sepsis is estimated to affect 30 million people worldwide every year, leading to the death of at least 6 million people. Growing initiatives taken by the government to increase the awareness related to Sepsissepsis is expected to drive the market growth for Sepsis Diagnostic further. Additionally, a reduction in infant mortality has led to an increase in the number of infants worldwide. This also increases the risk of infants being affected by Sepsissepsis. Sepsis Organization published a report that states, around 6,800 children die every year due to severe Sepsissepsis. Intensive research and increased investments in the development of the healthcare sector is expected to introduce effective treatments for Sepsissepsis and early diagnostic techniques. For instance, MARS-India, an observational study, was conducted to acquire new knowledge that will provide accurate information about the microorganisms and the causes for Sepsissepsis.
The major factors driving the market of Sepsissepsis Diagnostic include the growing geriatric population, increasing the prevalence of chronic diseases, reduction in infant mortality, increase in infections acquired from healthcare-facilities, intensive research and study conducted on Sepsissepsis. Moreover, growing initiatives taken by the government and non-government organizations in expanding the awareness related to Sepsissepsis is further expected to propel the market growth. However, lack of accessibility of proper treatments in low economic countries, difficulty in the detection of sepsis symptoms, and high treatment costs are key factors restraining the market growth for Sepsis Diagnostic.
Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Sepsis Diagnostics market on the basis of product type, technology type, pathogens type, method type, test type, end use, and region:
Product Type (Revenue, USD Million; 2016–2026)
Technology Type (Revenue, USD Million; 2016–2026)
Pathogens Type (Revenue, USD Million; 2016–2026)
Method Type (Revenue, USD Million; 2016–2026)
Test Type (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
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Regional Outlook (Revenue in USD Million; 2016–2026)
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