The global sepsis treatment market is forecast to grow at an annual rate of 8.5 percent from USD 429 million in 2019 to USD 700 million in 2025. The public-private support for target study efforts, the rising prevalence of infectious diseases, the number of sepsis incidences, and the government programs to raise sepsis awareness are all expected to fuel the market growth over the forecast period for Sepsis Treatment products.
According to WHO statistics released in April 2018, this disease affects over 30 million people worldwide and causes about 6 million deaths per year. According to the same source, about 3 million newborns and 1.2 million children worldwide are affected by this disease last year. With such a high prevalence, demand for diagnostic solutions is expected to rise, propelling market growth over the projected period.
Since older people are more susceptible to sepsis due to a weakened immune system, a rise in the aging population may fuel the growth of the sepsis treatment industry.
Furthermore, the demand for antibiotic-resistant bacterial strains, rising rates of hospital-acquired infections, and the high prevalence of a variety of chronic diseases such as diabetes may all contribute to the growth of the sepsis treatment market. Low healthcare spending in low- and middle-income countries, a lack of public interest, and the advent of the generic industry have all slowed the development of the sepsis treatment industry.
Market Impact due to COVID-19:
The excruciating need to screen and test large numbers of patients for potential Sars-Cov-2 contamination is the most common problem for governments in all Covid-19-affected countries. As a result, the majority of them are experiencing severe shortages of medical kits to screen for the infection. Diagnostics virology companies are under a lot of pressure to have accurate research kits, and laboratories in a lot of countries are clamoring for in-vitro or point-of-care testing capabilities. Covid19 will be accounted for as a significant industry contributor in the study.
North America accounted for the largest share of the global sepsis diagnostics market.
The medical device industry in North America is well-established. The availability of well-developed healthcare infrastructure, widespread acceptance of advanced sepsis diagnostic technology by medical practitioners, rising sepsis incidences in the area, and technical advances in the field of sepsis diagnostics are all driving the demand in North America.
Over the projected period, increasing regulatory acceptance and the launch of technologically innovative diagnostic solutions are expected to be the major factors facilitating market development. Furthermore, Sysmex Corporation of Japan released its latest HISCL Presepsin Assay Kit in August 2018 for assessing presepsin levels, the key test parameter for bacterial sepsis. In comparison to traditional biomarkers, this package is designed to achieve early detection of bacterial sepsis with high precision.
Hospital-acquired infections (HAIs) can cause sepsis, especially in the elderly, newborn babies, and people with chronic illnesses. Because of the high prevalence of chronic diseases like diabetes, hospital-acquired infections are becoming more common. Increased visits to intensive care hospitals often result in infections, which can lead to sepsis. According to the WHO, in developed countries, 7 out of every 100 admitted patients is expected to contract hospital-acquired diseases, while in emerging countries, this figure is likely to rise to 10 due to inadequate healthcare facilities. Furthermore, the CDC reports that about 1.7 million people in the United States are infected with HAIs each year, with about 99,000 patients dying as a result of HAIs.
One of the major reasons expected to fuel demand for its diagnostics solutions is the outbreak of novel coronavirus (COVID-19) and the resulting rise in the risk of contracting sepsis. In Seattle, Washington, over 30% of COVID-19 patients had signs of liver damage in April2020, according to a study conducted by the Global Sepsis Alliance. About 75% of COVID-19 patients registered a depressed immune response.
COVID-19 patients were serious and were admitted to the intensive care unit
COVID-19, influenza, HIV, meningitis, pneumonia, and other viruses, according to the Global Sepsis Alliance, are the most common causes of sepsis. Patients diagnosed with COVID-19 have a greater chance of contracting coinfections, according to a retrospective report. The report found that 50% of non-survivors had a secondary infection, 100% of non-survivors had sepsis, and approximately 70% of non-survivors had septic shock. As a result, sepsis is one of the leading causes of death in COVID-19 patients.
T2 Biosystems Inc. recently obtained clearance for its T2SARS-CoV-2TM Panel, a molecular diagnostic test, in February 2021. As a consequence, sepsis is one of COVID-19 patients' leading causes of death that detects the P1 version of SARS-CoV-2, which was recently verified in the United States. This panel has a therapeutic sensitivity of 95% and a precision of100%, and findings are available in under two hours when run on a fully automatic T2Dx® instrument. Since the COVID-19 virus causes sepsis and death, these panels are still useful in the laboratory.
Researchers at the University of Strathclyde found a ground-breaking and cost-effective test for early detection of the disease in February 2019. This recently designed procedure analyses the patient's blood with a microelectrode which can produce final results in around two and a half minutes. Through the introduction and launch of such advanced rapid experiments, key industry players would have attractive opportunities to improve their market position.
In 2019, Becton Dickinson and Company (BD) introduced the BACTECTM Platelet Quality Control Media, which has been approved by the US Food and Drug Administration and allows microbiology labs, blood banks, and transfusion centers to detect infected platelet units. The approach uses a culture-based technique to help physicians recognise highly infected platelet donations and reduce the risk of sepsis.
Unfavourable insurance plans and the high cost of care are some of the factors that will limit the development of the sepsis industry. The most significant obstacle in the direction of the sepsis industry would be a lack of qualified clinicians and non-adoption of traditional protocols.
Also, a lot of product withdrawals from the Sepsis market becomes one of the challenges in the market of sepsis.
Some of the Major Market Players Are:
• Pfizer Inc
• GlaxoSmithKline plc
• Bristol-Myers Squibb Company
• Adrenomed AG
• AM-Pharma B.V.
• Johnson & Johnson
• Amomed Pharma GmbH
• Asahi Kasei Corporation
• Endacea, Inc
• InflaRx N.V.
• Shanghai Pharmaceuticals
• La Jolla Pharmaceutical Company
• TaiRx, Inc.
Global Sepsis Treatment Market Coverage
Technology Insight and Forecast 2015-2025
Product Insight and Forecast 2015-2025
Pathogen Insight and Forecast 2015-2025
Test Type Insight and Forecast 2015-2025
End-User Insight and Forecast 2015-2025
Global Sepsis Treatment Market by Region
Rest of the World (RoW)