Argentina Sepsis Diagnostics Market Size & Outlook
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Argentina sepsis diagnostics market highlights
- The Argentina sepsis diagnostics market generated a revenue of USD 5.6 million in 2022 and is expected to reach USD 10.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 8.2% from 2023 to 2030.
- In terms of segment, blood culture media was the largest revenue generating product in 2022.
- Assay Kits & Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Sepsis diagnostics market data book summary
| Market revenue in 2022 | USD 5.6 million |
| Market revenue in 2030 | USD 10.5 million |
| Growth rate | 8.2% (CAGR from 2022 to 2030) |
| Largest segment | Blood culture media |
| Fastest growing segment | Assay Kits & Reagents |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Blood Culture Media, Assay Kits & Reagents, Software |
| Key market players worldwide | BD, BioMerieux SA, Thermo Fisher Scientific Inc, Danaher Corp, Roche Holding AG ADR, Luminex, Koninklijke Philips NV, Bruker Corp, Cepheid, Immunexpress |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.6% of the global sepsis diagnostics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil sepsis diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 21.3 million by 2030.
Blood culture media was the largest segment with a revenue share of 39.29% in 2024. Horizon Databook has segmented the Argentina sepsis diagnostics market based on instruments, blood culture media, assay kits & reagents, software covering the revenue growth of each sub-segment from 2018 to 2030.
The rise in sepsis cases, partly attributed to the emergence of new bacterial strains, such as M1UK clones, has underscored the need for more sophisticated diagnostic technologies in Argentina.
According to a study published by the Pan-American Health Organization (PAHO) in November 2023, Argentina experienced a notable rise in reported cases and deaths from invasive group A streptococcal disease, linked to the emergence of M1UK clones and a sublineage of M1 with the toxin.
This increase has prompted PAHO/WHO to advise member states to enhance clinical & genomic surveillance and ensure prompt diagnosis and treatment of this severe condition. Socioeconomic factors influence health outcomes but are rarely considered in severe diseases. Sepsis is a common condition in low- and middle-income countries.
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Sepsis Diagnostics Market Scope
Sepsis Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Immunexpress | View profile | 11-50 | Seattle, Washington, United States, North America | http://www.immunexpress.com |
| Cepheid | View profile | 1001-5000 | Sunnyvale, California, United States, North America | http://www.cepheid.com |
| Luminex | View profile | 501-1000 | Austin, Texas, United States, North America | http://www.luminexcorp.com |
| BD | View profile | 10001+ | Franklin Lakes, New Jersey, United States, North America | https://www.bd.com |
| Bruker Corp | View profile | 9707 | 40 Manning Road, Billerica, MA, United States, 01821 | https://www.bruker.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| BioMerieux SA | View profile | 13982 | Marcy l’Etoile, Lyon, France, 69280 | http://www.biomerieux.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| Roche Holding AG ADR | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
Argentina sepsis diagnostics market size, by product, 2018-2030 (US$M)
Argentina Sepsis Diagnostics Market Outlook Share, 2024 & 2030 (US$M)
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