Product ID: SQMIG35A2237
Report ID:
SQMIG35A2237 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
59 |
Figures:
75
Global Sepsis Diagnostics Market size was valued at USD 0.67 billion in 2022 and is poised to grow from USD 0.74 billion in 2023 to USD 1.55 billion by 2031, growing at a CAGR of 9.8% during the forecast period (2024-2031).
the global market for sepsis diagnostic solutions is anticipated to expand rapidly in the next years, Due to a number of factors, including the high frequency rising awareness of sepsis, and the introduction of technologically sophisticated diagnostic solutions. According to data published by the World Health Organization (WHO), sepsis affects over 30 million people and causes 6 million deaths every year globally, with 3 million newborns and 1.2 million children being affected annually. The high prevalence of sepsis is expected to increase the demand for diagnostic solutions, which will drive the growth of the sepsis diagnostic market. The existing diagnostic tests for sepsis take up to 72 hours to provide final results, making the demand for rapid diagnostic tests high for early diagnosis of sepsis. In February 2019, researchers at the University of Strathclyde developed a ground-breaking and cost-effective test for earlier diagnosis of sepsis, which uses a microelectrode to analyze the patient's blood and provides final results in just two and a half minutes. Hospital-acquired infections (HAIs) can trigger sepsis, especially in the geriatric population, newborn babies, and people suffering from chronic diseases. According to the WHO, in developed countries, 7 out of every 100 hospitalized patients are likely to develop HAIs, whereas this number increases to 10 in developing countries due to poor healthcare infrastructure. Additionally, the Centers for Disease Control and Prevention (CDC) estimates that around 1.7 million patients suffer from HAIs every year, with around 99,000 patients dying due to HAIs in the US.
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Product ID: SQMIG35A2237