The Clinical Microbiology Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033)
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According to The Business Research Company’s Clinical Microbiology Global Market Report 2024, 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.
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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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
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.
The Clinical Microbiology Market Report Table Of Contents Includes:
1. Executive Summary
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