July 8, 2015

The global market for blood culture testing is expected to grow by 71 percent from 2014-19, reaching almost $3.9 billion, according to a market research report.

Compiled by the website MarketsAndMarkets.com, the report noted that four factors will drive the dramatic growth in the business of testing blood samples:

  • High incidence of blood stream infections
  • Rising demand for rapid diagnostic tests
  • An aging population
  • The rising prevalence of infectious diseases

Of the end users included in the report, which ranged from hospitals to research centers, the report identified reference labs like QualTex Laboratories as the segment expected to show the highest compound annual growth rate.