Microbiology Diagnostic Devices And Equipment Market 2021 Disclosing Latest Advancements- BioMerieux S.A., Thermo Fisher Scientific Inc., Abbott Laboratories

The Global Microbiology Diagnostic Devices And Equipment Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Microbiology Diagnostic Devices And Equipment market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The global microbiology diagnostic devices and equipment market reached a value of nearly $3,649.7 million in 2020, having increased at a compound annual growth rate (CAGR) of 4.3% since 2015. The market is expected to grow from $3,649.7 million in 2020 to $5,789.0 million in 2025 at a CAGR of 9.7%. The market is then expected to grow at a CAGR of 4.4% from 2025 and reach $7,168.0 million in 2030.

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Top Companies in the Global Microbiology Diagnostic Devices And Equipment Market: BioMerieux S.A.; Thermo Fisher Scientific Inc.; Abbott Laboratories; Becton, Dickinson and Company

Market Overview:

Growth factors in the historic period include increased healthcare expenditure, emerging markets growth, rapid technological advances, and rapid growth in geriatric population. The market was restrained by regulatory challenges, political uncertainties, reduction in free trade and low healthcare reimbursements.

Going forward rise in funding, aging population, increase in healthcare access, rapid rise in various bacterial and viral epidemics will drive the growth in the microbiology diagnostic devices and equipment market. Factors that could hinder the growth of the market in the future include lack of skilled/trained microbiologists.

The top opportunities in the microbiology diagnostic devices and equipment market segmented by type will arise in the reagents and consumables segment, which will gain $1,944.2 million of global annual sales by 2025. The top opportunities in the laboratory instruments market segmented by type will arise in the bacterial colony counters segment, which will gain $26.3 million of global annual sales by 2025. The top opportunities in the micro-biology analyzers market segmented by type will arise in the microscopes segment, which will gain $75.6 million of global annual sales by 2025. The top opportunities in the reagents and consumables market segmented by type will arise in the pathogen-specific kits segment, which will gain $1,031.5 million of global annual sales by 2025. The top opportunities in the microbiology diagnostic devices and equipment market segmented by end-user will arise in the diagnostic laboratories segment, which will gain $1,224.7 million of global annual sales by 2025. The microbiology diagnostic devices and equipment market size will gain the most in the USA at $561.4 million.

Segmentation:

Markets Covered: 1) By Type: Laboratory Instruments; Microbiology Analyzers; Reagents And Consumables
2) By End User: Hospitals; Diagnostic Laboratories; Others

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

North America was the largest region in the microbiology diagnostic devices and equipment market, accounting for 34.5% of the total in 2020. It was followed by the Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the microbiology diagnostic devices and equipment market will be South America and Africa where growth will be at CAGRs of 13.0% and 12.6% respectively during 2020-2025. These will be followed by Eastern Europe and Middle East, where the markets are expected to register CAGRs of 12.0% and 11.9% respectively during 2020-2025.

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