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Clinical Microbiology Market Analysis, Future Demand And Overview By 2033
Clinical Microbiology Market Analysis
Clinical Microbiology Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $17.35 billion In 2028 At A CAGR Of 13.2% :
The clinical microbiology market size has grown strongly in recent years. It will grow from $6.46 billion in 2023 to $6.9 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rise of antimicrobial resistance, infectious disease outbreaks, globalization and travel, aging population, increased healthcare expenditure.
The clinical microbiology market size is expected to see strong growth in the next few years. It will grow to $9.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to demand for rapid results, focus on personalized treatments, increasing demand for surveillance , emphasis on healthcare-associated infections, integration of point-of-care testing . Major trends in the forecast period include omics technology integration, collaborative innovation, healthcare-associated infections awareness, regulatory influence , technological advancements.
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Clinical Microbiology Market Major Segments
The clinical microbiology market covered in this report is segmented -
1) By Product: Laboratory Instruments, Microbiology Analyzers, Reagents
2) By Indication: Respiratory Diseases, Sexually Transmitted Diseases, Urinary Tract infections, Periodontal Diseases, Other Diseases
3) By End-user: Hospitals, Diagnostic Laboratories, Other End-user
Key Driver - The Surging Clinical Microbiology Market Amidst Escalating Incidence Of Infectious Diseases
The increase in the incidence of infectious diseases is expected to propel the clinical microbiology market. Infectious diseases are illnesses brought on by dangerous microorganisms such as bacteria, fungus, parasites, and others. Clinical microbiology helps isolate and characterize infectious organisms to control and treat infectious diseases in patients. For instance, in 2022, based on data and statistics provided by the Australian Institute of Health and Wellbeing, a company that offers information about Australia's welfare and health, Australia saw an increase in notifiable infectious illness cases to 7.02 million in 2021. It demonstrates a considerable increase in the overall number of infectious disease cases. Consequently, the rise in the prevalence of infectious. As a result, the market for clinical microbiology is expanding due to the rise in the prevalence of infectious disorders.
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Prominent Trend - Advancements In Clinical Microbiology Propel Innovation With Bruker's Maldi Biotyper Sirius System
Technological advancement is a key trend in the clinical microbiology market. Major companies operating in the clinical microbiology market are focused on research and development for technological innovations, like proteomic fingerprinting for medical diagnosis, to strengthen their position in the market. For instance, in July 2021, Bruker, a German-based company operating in clinical microbiology, introduced its advanced diagnostic product integrated with proteomic fingerprinting known as the MALDI Biotyper Sirius system. The MALDI Biotyper Sirius system provides rapid, nearly universal, and cost-effective microbial identification with antibiotic resistance testing and comprehensive mycobacteria analysis after culture.
Clinical Microbiology Market Players
Major companies operating in the clinical microbiology market report are bioMérieux SA, Danaher Corporation, BD, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Corporation, QIAGEN NV, 3M, Bio-Rad Laboratories Inc., Bruker Corporation, Hologic Inc., Agilent Technologies Inc., Merck Group, Shimadzu Corporation, Neogen Corporation, Vacutest Kima SRL, Arrow Diagnostics SRL, OpGen, Becton Dickinson and Company, Johnson & Johnson, Sanofi SA, Illumina Inc., Medtronic, Cepheid Inc., Quidel Corporation, Luminex Corporation, DiaSorin S.p.A., GenMark Diagnostics Inc., T2 Biosystems Inc., Nanosphere Health Sciences Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the clinical microbiology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical microbiology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Clinical Microbiology Market Report Structure
3. Clinical Microbiology Market Trends And Strategies
4. Clinical Microbiology Market - Macro Economic Scenario
5. Clinical Microbiology Market Size And Growth
…..
27. Clinical Microbiology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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