Description
Market Analysis and Size
Data Bridge Market Research analyses that the Clinical Microbiology Market which was USD 3.9 billion in 2021, would rocket up to USD 6.53 billion by 2029, and is expected to undergo a CAGR of 6.65% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.Genome sequencing-based assays, characterisation assays, genome sequencing-based assays, and mass spectrometry-based detection are all making significant progress in clinical microbiology. Furthermore, in recent years, laboratory automation and information systems linkage for big data and AI methods have been implemented in the clinical microbiology sector
Clinical Microbiology Market Dynamics
Drivers
· Increased funding and public-private investment
In the forecast period of 2022-2029, the substitution of old empirical approaches in clinical diagnostics to detect infectious pathogens such as virus, fungi, and bacteria is expected to fuel the growth of the clinical microbiology market. Increased funding and public-private investment, on the other hand, will further strengthen numerous opportunities, resulting in the clinical microbiology market's rise over the forecast period.
· Technological advancement is leading to better adaptations of end user products
With the advent of technology, molecular diagnostic tools aid in early detection and effective treatment. These enhanced molecular diagnostic methodologies imply higher sample throughput, faster turnaround times, more specificity, increased accuracy, and reaction multiplicity. NGS, molecular cartridges, real-time PCR, and PCR plus mass spectrometry are examples of sophisticated molecular diagnostic procedures that can analyse several samples in a single input. This characterization and identification of chemicals and pathogens allows for product adaption among major end users such as healthcare practitioners, pharmaceutical and biotechnology companies, and research facilities. This would create an atmosphere of global clinical microbiology market expansion.
· Prioritizing healthcare infrastructure
Governments all over the world, particularly in emerging markets, will provide the clinical biological industry with a varied range of opportunities. The rising ubiquity of diseases like malaria, influenza, tuberculosis, and HIV, as well as several other genetic efficient diseases, has created significant growth potential. Developing-country research and development measures to improve healthcare infrastructure, healthcare spending, and the availability of cost-effective clinical microbiological goods would help to boost market growth characteristics.
Opportunities
One of the major factor driving the market's growth is the rising occurrence of infectious diseases around the world. Furthermore, rising air and water pollution levels are leading to an increase in the number of people developing respiratory ailments, which drives the market. Aside from that, the incorporation of automation in clinical microbiology is boosting market growth since it allows for specimen traceability, decreases incubation delays, and increases laboratory efficiency. Furthermore, the major competitors are concentrating on adopting technology improvements in illness diagnostics, such as the use of machine learning (ML), which aids in the delivery of speedy and accurate results. This, together with the emergence of many molecular diagnostic techniques, is presenting the market with lucrative growth potential.
Clinical Microbiology Market Regional Analysis/Insights
The clinical microbiology market is analysed and market size insights and trends are provided by country, product type, application and end-user as referenced above.
The countries covered in the clinical microbiology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Clinical Microbiology Market Share Analysis
Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to clinical microbiology market.
Some of the major players operating in the clinical microbiology market are:
· BioMérieux (France)
· Danaher (US)
· BD (US)
· Abbott (US)
· F. Hoffmann-La Roche Ltd (Switzerland)
· Thermo Fisher Scientific Inc. (US)
· QIAGEN (Netherlands)
· 3M (US)
· Bio-Rad Laboratories (US)
· Bruker (US)
· Hologic Inc. (US)
· Merck KGaA (Germany)
· Diagnóstica Longwood SL (Chennai)
· Agilent Technologies Inc. (U.S)
· Memmert GmbH + Co.KG (Germany)
· Hardy Diagnostics (U.S)
· NEOGEN Corporation (U.S)
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