Growing need for early detection of infectious diseases and rapidly advancing global healthcare infrastructure boost market growth
Clinical Microbiology Market Size – USD 4.1 billionin 2020, Market Growth – at a CAGR of 6.7%, Market Trends – Growing availability of low-cost clinical microbiology products
The global Clinical Microbiology Marketsize is expected to reach USD 6.6 billion by 2028 at a CAGR of 6.7%, according to the latest report by Reports and Data. The market is expected to gain robust traction in the coming years due to rising prevalence of infectious diseases worldwide, growing need for early and accurate disease diagnosis, and increasing R&D activities to develop pathogen-specific diagnostic kits. In addition, growing adoption of advanced genomic techniques for disease detection, increased availability of low-cost clinical microbiology products, and growing use of clinical microbiology products across clinical diagnostic centers and research laboratories are other factors fueling the growth of the global clinical microbiology market.
Clinical microbiology is the study of microbes that cause severe infections in the human body. It involves accurate diagnosis of infectious diseases using bodily fluid samples to identify microbes that cause the infection. Clinical microbiology aids in rapid diagnosis of pathogens and ensures effective administration of antibiotics to enhance treatment results. It uses several advanced diagnostic methods, such as MALDI–TOF mass spectrometry, real-time genome sequencing, and phenotypic microarrays, for sampling and analysis processes. The global clinical microbiology market growth is further driven by rapid development of the healthcare infrastructure worldwide.
Key Highlights of the Report:
Based on application, the pharmaceutical applications segment is expected to lead in terms of revenue during the forecast period. Growth of this segment is majorly supported by rising development of pharmaceutical drugs and increasing focus on sterile manufacturing of APIs and pharmaceutical excipients.
Among end-users, the hospitals & diagnostic centers segment is the most dominant segment due to rising prevalence of target diseases, such as HIV-AIDS, and adoption of cutting-edge molecular diagnostic techniques.
The clinical microbiology market in North America is the largest regional market with highest revenue growth rate in 2020. Increasing adoption of advanced diagnostic technologies, rise in government investments for healthcare infrastructure development, and presence of leading clinical microbiology product manufacturers in the region are key factors propelling the North America market growth.
Merck KGaA, BioMérieux, 3M, Becton, Dickinson and Company, Danaher Corporation, Abbott Laboratories, Bruker Corporation, Hologic Inc., Bio-Rad Laboratories Inc., Roche Diagnostics, Thermo Fisher Scientific Inc., QIAGEN, Arrow Diagnostics, Agilent Technologies, Memmert, Hardy Diagnostics, NEOGEN Corporation, Biotechnology Solutions, Liofilchem, Shimadzu Corporation, Rapid Micro Biosystems, TCS Biosciences, New Horizons, OpGen, and Vacutest Kima are top companies involved in the global clinical microbiology market.
For the purpose of this report, the global clinical microbiology market is segmented based on laboratory instrument type, reagent type, disease type, application, end-user, and region:
By Laboratory Instrument Type (Revenue, USD Billion; 2018-2028)
Petri Dish Fillers
Microbial Air Samplers
Blood Culture Systems
Bacterial Colony Counters
Anaerobic Culture Systems
Molecular Diagnostics Instruments
By Reagent Type (Revenue, USD Billion; 2018-2028)
By Disease Type (Revenue, USD Billion; 2018-2028)
Sexually Transmitted Diseases
Urinary Tract Infections
By Application (Revenue, USD Billion; 2018-2028)
Food Testing Applications
Chemical & Material Manufacturing Applications
By End-user (Revenue, USD Billion; 2018-2028)
Hospitals & Diagnostics Centers
Custom Laboratory Service Providers
Academic & Research Institutes
Regional Analysis Covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of Clinical Microbiology market throughout the forecast period?
What are the current and future market trends of the Clinical Microbiology market?
What are the expected opportunities for the companies and new entrants in the coming years?
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About the Author
rutikashete Joined: December 26th, 2019 Articles Posted: 248