Clinical Microbiology Market Demand 2022-2028: Technological Advances in Clinical Microbiology Are Predicted to Spur Industry Growth
The global clinical microbiology market size 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.
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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.
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
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
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Clinical Microbiology Market Segmentation:
By Reagent Type (Revenue, USD Billion; 2018-2028)
- Pathogen-specific Kits
- General Reagents
By Disease Type (Revenue, USD Billion; 2018-2028)
- Bloodstream Infections
- Respiratory Diseases
- Gastrointestinal Diseases
- Sexually Transmitted Diseases
- Periodontal Diseases
- Urinary Tract Infections
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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