Automated Microbiology Market Revenue Growth Driven by Rise in Microbiological R&D Activities: Reports and Data
Increasing focus on laboratory automation, growing need for error-free microbiological test outcomes, and increasing investments in microbiological research are among the major factors expected to drive market revenue growth over the forecast period
New York, December 17, 2021 – Reports and Data has published its latest report titled “Automated Microbiology Market, By Product Type (Instruments, Automated Culture Systems, Microbiology Analyzers, Reagents), By Diagnostic Technology (DNA & RNA probe technology, DNA sequencing, Detection Techniques, Immunoassays, Monoclonal Antibodies, Non-Isotopic Methods, Radioactive Methods), By End-use (Clinical Laboratories, Pharmaceutical Biotechnology Industries, Others), and By Region, Forecast to 2028”
According to the latest report by Reports and Data, the global automated microbiology market size was USD 4.71 Billion in 2020 and is expected to reach USD 9.38 Billion in 2028 and register a revenue CAGR of 8.9% during the forecast period, 2021-2028.
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Drivers, Restraints, and Opportunities:
The global automated microbiology market revenue growth is supported by numerous factors such as rising focus on automation of laboratory operations, increasing need for error-free microbiological test results and reduced testing time, increasing prevalence of various infectious diseases, and rise in microbiological research & development activities. Rapid spread of the novel coronavirus disease globally, increasing investments by government bodies and private organizations in microbiological research, rising adoption of highly advanced and automated equipment in clinical laboratories, and increasing new drug development and testing activities are other major factors expected to drive the global automated microbiology market revenue growth during the forecast period.
Automated microbiology refers to advanced methods used in microbiological R&D activities for faster, more efficient, and more accurate test results. It automates a wide range of clinical laboratory processes including separation, detection, classification, and assessment of microorganisms such as Ebola, rubella, chickenpox, smallpox, mumps, measles, and even the novel coronavirus. The different diagnostic techniques used in automated microbiology include DNA and RNA probe technology, DNA sequencing, immunoassays, monoclonal antibody testing, non-isotopic methods, and radioactive methods. Hence, other major factors propelling the revenue growth of the global automated microbiology market are continuous technological advancements in laboratory research methods, growing concerns regarding early disease diagnosis, and increasing government investments in the life sciences sector. Market revenue growth, however, is hampered to some extent due to factors such as rising costs of advanced and automated laboratory instruments and lack of skilled lab operators.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
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Reagents Segment Accounted for Significant Revenue Growth in 2020:
Based on product type, the global automated microbiology market is segmented into instruments, automated culture systems, microbiology analyzers, and reagents. The reagents segment dominated other reagents segments in terms of revenue share in the global market in 2020. Revenue growth of this segment is mainly attributed to growing involvement of life sciences companies in microbiological research, increasing applications in reagents in microbiological research activities, and increasing government investments in the life sciences industry.
Clinical Laboratories Segment to Lead in Terms of Fastest Revenue CAGR:
Based on end-use, the global automated microbiology market is segmented into clinical laboratories, pharmaceutical and biotechnology industries, and others. The clinical laboratories segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Rapid spread of COVID-19 worldwide, increasing microbiological research & development activities, increasing investments in laboratory infrastructure development, and growing emphasis on automation of clinical laboratory processes are major factors contributing to this segment’s revenue growth.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America automated microbiology market accounted for the largest revenue share contribution in the global market in 2020. Rising prevalence of infectious and chronic diseases, increasing awareness of early disease diagnosis, rise in microbiological research & development activities, and technological advances in molecular diagnostics are among the major factors driving the North America market revenue growth. The regional market growth is further boosted by increasing adoption of automated laboratory equipment, increasing government investments in microbiological research, and presence of avant-garde healthcare infrastructure in the region.
Major Companies in the Global Automated Microbiology Market Include:
- Abbott Laboratories
- Becton Dickinson and Company
- Bio-Rad Laboratories, Inc.
- BioMerieux, Inc.
- QIAGEN GmbH
- Beckman Coulter
- Agilent Technologies, Inc.
- Gene-Probe, Inc.
- Affymetrix, Inc.
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For the purpose of this report, Reports and Data has segmented the global automated microbiology market based on product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Automated Culture Systems
- Microbiology Analyzers
Diagnostic Technology Outlook (Revenue, USD Billion; 2018-2028)
- DNA & RNA Probe Technology
- DNA Sequencing
- Detection Techniques
- Non-Isotopic Methods
- Radioactive Methods
- Monoclonal Antibodies
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Clinical Laboratories
- Pharmaceutical and Biotechnology Industries
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Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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