Clinical Microbiology Market Analysis | 2022-2028

Market Insights

"The clinical microbiology market was estimated at USD 3.96 billion in 2021 and is likely to grow at a CAGR of 6.52% during 2022-2028 to reach USD 6.18 billion in 2028".

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Market Dynamics

Introduction

Clinical microbiology is a branch of medical science which focuses on the isolation and characterization of infectious organisms, in order to manage and treat them in patients. This subject of microbiology is concerned with the prevention, diagnosis, and treatment of infectious diseases.

Market Drivers

The prime factors that are driving the Clinical Microbiology market are –

• Technological advancements.
• Rising incidence of infectious diseases and pandemic outbreaks (such as COVID-19).
• Increased funding and public-private partnerships.

Segments Analysis

Product Trends

"The Instruments Product type segment is expected to account for the larger share of the market during the forecast period of 2022-28".

• The market is segmented as instruments and reagents.
• This segment is driving the market due to technological advancements in molecular techniques and the proteomics field, as well as the widespread adoption of conventional laboratory instruments among researchers and academia.

End-User Trends

"The Hospitals & Diagnostic Centers segment is expected to hold the largest share of the market during the forecast period of 2022-28".

• The market is segmented as hospitals & diagnostic centers, custom lab service providers, and academic & research institutes.
• This segment is driving the market due to the growing awareness among doctors about the benefits offered by molecular diagnostics products, ongoing expansion of healthcare infrastructures across emerging economies, rising incidence of diseases such as HIV-AIDS, malaria, tuberculosis, and epidemic diseases, and the availability of technologically advanced products for the diagnosis of infectious diseases.

Regional Analysis

"North America is expected to be the leading region in the market over the forecast period of 2022-28".

• This segment is driving the market due to high adoption of advanced diagnostic technologies, favorable government regulations, and the presence of well-established distribution channels for clinical microbiology product manufacturers and suppliers, all of which are fueling the regional market growth.

"Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period".

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Key Players

The following are the key players in the Clinical Microbiology Market (arranged alphabetically).

• Abbott Laboratories
• Agilent Technologies, Inc.
• Becton, Dickinson and Company
• Bio-Rad Laboratories, Inc.
• Bruker Corporation
• Danaher Corporation
• Hologic, Inc.
• Neogen Corporation
• The 3M Company
• The Merck Group

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Research Methodology

• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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Company Profiling

• Detailed profiling of additional market players (up to 3 players)
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Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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