Technological developments in disease diagnosis, rising incidence of infectious diseases, increase in public-private investments and financing, and increase in epidemics have been driving the microbiology/clinical microbiology testing market.
JERSEY CITY, NJ, April 11, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Microbiology/Clinical Microbiology Testing MarketBy product (instruments, reagents), by disease area (respiratory diseases, blood infections), by application (pharmaceutical applications, energy applications), by end user (hospitals and diagnostic centers, academic and research institutes) and by According to verified market research, the global Microbiology/Clinical Microbiology Testing market size has been valued at $4.66 billion in 2020 and is expected to reach $10.11 billion by 2028, growing at a CAGR of 10.17% from 2021 to 2028.
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Global Microbiology/Clinical Microbiology Testing Market Overview
According to the World Health Organization, three infectious diseases, including lower respiratory tract infections, diarrheal diseases and tuberculosis, were among the top ten causes of death worldwide. Due to the increasing prevalence and incidence of infectious diseases, the demand for microbiological testing is increasing, driving the growth of the global market. Additionally, the rising number of COVID-19 cases is contributing to the expansion of the market.
Increased public and private funding, as well as support for research and development, is propelling the sector forward. For example, india Department of Science and Technology (DST) offered $26.42 million in support of a variety of scientific institutions, entrepreneurs and businesses to develop new ways to fight the COVID-19 pandemic. Fast and efficient diagnostic kits (paper-based devices and other point-of-care devices), protective equipment and other relevant solutions are expected to increase the demand for microbiological testing. In most regions, repayment delays are a serious barrier to market expansion.
- In March 2020Abbott has launched a point-of-care molecular test to detect a new coronavirus in as little as five minutes.
- In November 2021Roche has launched the cobas 5800, a breakthrough molecular diagnostic system designed to improve patient care by increasing access to testing.
- In June 2019In Europe, Thermo Fisher Scientific has launched an automated antimicrobial susceptibility testing system.
The main market players are Biomérieux, Danaher Corporation, Becton, Dickinson and Company, Abbott, Roche Diagnostics (subsidiary of F. Hoffmann-La Roche Ltd.), Bruker, Hologic, Bio-Rad, Qiagen, Thermo Fisher Scientific, Agilent.
Verified Market Research has segmented the global microbiology/clinical microbiology testing market on the basis of product, disease area, application, end-user, and geography.
- Microbiology/Clinical Microbiology Testing Market, By Product
- Microbiology/Clinical Microbiology Testing Market, By Disease Area
- Respiratory diseases
- Gastrointestinal diseases
- Microbiology/Clinical Microbiology Testing Market, By Application
- Pharmaceutical applications
- Energy Applications
- Chemical and Materials Manufacturing Applications
- Clinical applications
- Food analysis applications
- Environmental applications
- Microbiology/Clinical Microbiology Testing Market, By End User
- Hospitals and diagnostic centers
- Academic and research institutes
- Custom Lab Service Provider
- Microbiology/Clinical Microbiology Testing Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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