Global Clinical Microbiology market demand 2024, Forecast To 2033
1 Mar, 2024
The clinical microbiology market has demonstrated strong growth, escalating from$6.46 billion in 2023 to$6.9 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.8%. Historical drivers of growth include the rise of antimicrobial resistance, outbreaks of infectious diseases, globalization trends facilitating the spread of pathogens through travel, demographic shifts such as an aging population, and increased healthcare expenditure to combat infectious diseases. Looking ahead, the market is expected to continue its growth trajectory, reaching$9.32 billion by 2028, driven by the demand for rapid diagnostic results, the emphasis on personalized treatments targeting specific pathogens, increased surveillance efforts to monitor infectious disease outbreaks, and the integration of point-of-care testing to expedite diagnosis and treatment. Major trends in the forecast period encompass the integration of omics technologies to enhance microbial identification and characterization, collaborative innovation efforts to address emerging infectious disease threats, heightened awareness of healthcare-associated infections driving infection prevention strategies, the influence of regulatory frameworks shaping diagnostic practices, and ongoing technological advancements enhancing the accuracy and speed of microbiological testing.
Global Clinical Microbiology Market Key Driver
The rise in the incidence of infectious diseases is expected to propel the clinical microbiology market forward. Infectious diseases stem from harmful microorganisms like bacteria, fungi, and parasites, necessitating clinical microbiology for their isolation and characterization to facilitate control and treatment. For instance, in 2021, Australia witnessed a notable increase in notifiable infectious illness cases, totaling 7.02 million, according to data from the Australian Institute of Health and Wellbeing. This surge underscores a significant rise in infectious disease cases, driving the demand for clinical microbiology solutions. As a result, the clinical microbiology market is expanding, with a projected market size of $X in 2023, and further growth anticipated in 2024 and 2028.
Get A Free Sample Of The Global Clinical Microbiology Market ReportGlobal Clinical Microbiology Market Segments
The global 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
By Geography: The regions covered in the clinical microbiology market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Clinical Microbiology Industry Players
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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Clinical Microbiology Market Overview
Clinical microbiology is the branch of medical science that encompasses a broad range of testing methodologies, methods to isolate and identify a broad range of microorganisms, and clinical applications of microbes to improve health.
Clinical Microbiology Global Market Report 2023 provides data on the global clinical microbiology market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The clinical microbiology market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.