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South America Sepsis Diagnostics Market
No. of Pages: 172 | Report Code: BMIRE00025666 | Category: Life Sciences
No. of Pages: 172 | Report Code: BMIRE00025666 | Category: Life Sciences
The South America sepsis diagnostics market is expected to grow from US$ 38.66 million in 2021 to US$ 69.59 million by 2028; it is estimated to grow at a CAGR of 8.8% from 2021 to 2028.
Infection is the root cause of sepsis. Sepsis mainly occurs in immunocompromised people, such as those taking chemotherapy, having a splenectomy, and suffering from AIDS and chronic illnesses like diabetes. Among several types of infections, nosocomial infections are the primary cause of morbidity and mortality among hospitalized patients. Thus, the rising bloodstream infections will increase the adoption of sepsis diagnostic products. Sepsis has a high mortality and morbidity rate. According to an article published by the National Center for Biotechnology Information (NCBI) in February 2019, sepsis mortality rate was ~25–30%. Additionally, in September 2020, the World Health Organization (WHO) estimated that each year almost 50% of cases of sepsis occur among children, resulting in 2.9 million deaths. Most deaths can be prevented through early diagnosis and appropriate clinical management. These deaths are often a consequence of diarrheal diseases or lower respiratory infections. Thus, the high incidence rate of sepsis is expected to boost the demand for sepsis diagnostic products, thereby supporting the sepsis diagnostics market growth during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America sepsis diagnostics market. The South America sepsis diagnostics market is expected to grow at a good CAGR during the forecast period.
South America Sepsis Diagnostics Market Revenue and Forecast to 2028 (US$ Million
)
Strategic insights for the South America Sepsis Diagnostics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the South America Sepsis Diagnostics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.South America Sepsis Diagnostics Strategic Insights
South America Sepsis Diagnostics Report Scope
Report Attribute
Details
Market size in 2021
US$ 38.66 Million
Market Size by 2028
US$ 69.59 Million
Global CAGR (2021 - 2028)
8.8%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Product
By Technology
By Method
By Test Type
Regions and Countries Covered
South and Central America
Market leaders and key company profiles
South America Sepsis Diagnostics Regional Insights
South America Sepsis Diagnostics Market Segmentation
The South America sepsis diagnostics market is segmented based on product, technology, method, test type, pathogen, end user, and country. Based on product, the market is divided into instruments, reagents and assays, blood culture media, and software. The blood culture media segment dominated the South America sepsis diagnostics market in 2021. In terms of technology, the market is categorized into molecular diagnostics, flow cytometry, microfluidics, immunoassay, biomarkers, and microbiology. The microbiology segment dominated the South America sepsis diagnostics market in 2021. Based on method, the South America sepsis diagnostics market is categorized into automated diagnostics and conventional diagnostics. The conventional diagnostics segment dominated the market in 2021. Based on test type, the South America sepsis diagnostics market is categorized into point-of-care tests and laboratory tests. The laboratory tests segment dominated the market in 2021. In terms of pathogen, the South America sepsis diagnostics market is categorized into bacterial sepsis, fungal sepsis, and others. The bacterial sepsis segment dominated the market in 2021. Based on end user, the South America sepsis diagnostics market is categorized into hospitals, pathology and reference laboratories, and others. The hospitals segment dominated the market in 2021. Based on country, the South America sepsis diagnostics market is segmented into Brazil,
Argentina, and the Rest of South America. Brazil dominated the South America sepsis diagnostics market in 2021.
Key players operating in the South America sepsis diagnostics market include Abbott; F. HOFFMANN-LA ROCHE LTD.; Immunexpress Inc.; BD; Danaher (Beckman Coulter); Luminex Corporation; THERMO FISHER SCIENTIFIC INC.; bioMerieux SA; and T2 Biosystems, Inc. by Altair.
The South America Sepsis Diagnostics Market is valued at US$ 38.66 Million in 2021, it is projected to reach US$ 69.59 Million by 2028.
As per our report South America Sepsis Diagnostics Market, the market size is valued at US$ 38.66 Million in 2021, projecting it to reach US$ 69.59 Million by 2028. This translates to a CAGR of approximately 8.8% during the forecast period.
The South America Sepsis Diagnostics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Sepsis Diagnostics Market report:
The South America Sepsis Diagnostics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Sepsis Diagnostics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Sepsis Diagnostics Market value chain can benefit from the information contained in a comprehensive market report.