Clinical Microbiology Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe global clinical
microbiology market size is expected to reach USD 16.7 billion by 2025, according to a
new report by Grand View Research, Inc. It is projected to expand at a CAGR of
6.7% over the forecast period. Clinical microbiology depends on technical and
skilled workforce to process and interpret results of clinical specimens.
Clinical staff have been complaining about poor Turnaround Time (TAT) of tests.
However, with technological advancements, a number of laboratory instruments
and equipment are being replaced with automated devices to minimize human error
and dependency on skilled workforce.
In addition, automation has benefits such as reduced
TAT and use of labor and lab space, thereby reducing overall cost associated
with these tests. Manufacturers are focusing on introduction of automatic
specimen processing, plate reading, and organism identification. GE Healthcare,
PerkinElmer, and Thermo Fisher are some of the key players offering automated
systems in the diagnostics industry.
Rising cases of hospital-acquired infections (HAI) is also fueling demand for clinical microbiology for diagnosis and monitoring. As high-income countries are stepping up their pursuit of countering hospital-acquired infections, middle- and low-income countries are recognizing the threat. Introduction of automated systems and innovative designs is expected to intensify market competition and change market dynamics over the forecast period.
The World Health Organization (WHO) is particularly
active in countries such as Ethiopia, Burkina Faso, Nigeria, Algeria, and
Senegal, where occurrence of HAIs ranged between 2.5% and 14.8%. This has led
to increased demand for HAI diagnostics in these countries.
Countries such as India, Sri Lanka, Pakistan, and Bhutan are also actively
participating in HAI awareness programs. India and China are projected to be
the main countries driving demand for HAI diagnostics instruments and tests in
future.
Request a Sample Copy of the Global Clinical Microbiology Market Research Report @
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Further
key findings from the study suggest:
- Owing to rapid adoption of technology and automation of work flow,
laboratory instruments are expected to form the fastest growing segment
over the forecast period
- Reagents captured the largest revenue share in 2016 owing to repeat
purchase of reagents
- In 2015, North America dominated the global market. Continuous
research on infectious disease treatment and subsequent grants from
government healthcare agencies are contributing to development of a strong
ecosystem in the region
- Asia Pacific is expected to emerge as the fastest growing region
during the forecast period owing to rising geriatric population in India,
China, and Japan. This has resulted in high prevalence of re-emerging
infectious diseases such as tuberculosis, cholera, and typhoid
- The clinical microbiology market is presently dominated by a few key
participants such as bioMerieux S.A.; Cepheid Inc.; Danaher Corporation;
and Bruker Corporation
- Other prominent players operating in the market include Becton
Dickinson & Company; Hologic Inc.; Roche Diagnostics; and Alere Inc.
Access
full research report on global clinical microbiology market:
www.grandviewresearch.com/industry-analysis/clinical-microbiology-market
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Created on Feb 3rd 2020 06:13. Viewed 264 times.