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Clinical Microbiology Market (By Product: Instruments [Laboratory Instruments, Microbiology Analyzers], Reagents [Pathogen-Specific Kits, General Reagents]; By Disease: Respiratory Diseases, Bloodstream Infections, Gastrointestinal Diseases, Sexually Transmitted Diseases, Urinary Tract Infections, Periodontal Diseases, Other Indications; By Application: Pharmaceutical Applications, Energy Applications, Chemical & Material Manufacturing Applications, Clinical Applications, Food Testing Applications, Environmental Applications; By End User: Hospitals and Diagnostic Centers, Academic and Academic and Research Institutes, Custom Lab Service Providers) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

  • Category : Healthcare and Pharmaceuticals
  • Pages : 190 Pages
  • Format: PDF
  • Status : Published

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The market for clinical microbiology is expected to grow at a CAGR of around 6.9% from 2020 to 2027 and expected to reach the market value of around US$ 6.5 Bn by 2027.

Clinical Microbiology is a branch of medical science that deals with the prevention, diagnosis, and treatment of infectious diseases. It is associated with the various clinical applications of microbes for the improvement of health. Additionally, the four kinds of microorganisms that cause infectious diseases include bacteria, fungi, parasites, and viruses.

Market Dynamics

The technological advancements in disease diagnostics and rising incidence of infectious diseases and growing outbreaks of epidemics are supporting the market growth. The increased funding and public-private investments are also major factors bolstering market growth. The market is facing challenges due to the COVID-19 pandemic in the manufacturing and supply chain process as the delivery of the product to the end-user is disrupted. Furthermore, improving healthcare infrastructure across emerging countries are anticipated to provide potential opportunities over the forecast timeframe from 2020 to 2027.

On the other side, limited reimbursement policies for microbiology testing procedures are likely to restrict the growth to an extent throughout the forecast timeframe from 2020 to 2027.

Segment Instance

Pharmaceutical is leading the market with maximum revenue share

In 2019, the pharmaceutical segment by application having potential revenue share (%) owing to the presence of well-established and globally accepted regulations that govern the evaluation of microbial contamination during pharmaceutical manufacturing and raw material sourcing. The presence of various regulatory bodies like WHO, FDA, Medicines and Healthcare Products Regulatory Agency (MHRA, UK), European Medicines Evaluation Agency (EU), Therapeutic Goods Administration (TGA), Australia, and the Brazilian Health Regulatory Agency is supporting the growth of the pharmaceutical segment.

Hospitals and Diagnostic Centers by end user accounted for the maximum revenue share (%) in 2019

The high incidences of diseases like tuberculosis, HIV-AIDS, malaria, and epidemic diseases and the necessity to treat these diseases in the hospitals and diagnostic centers are supporting the segmental market growth. The availability of advance products and trained professionals to operate the instruments for the treatment of infectious diseases are supporting the regional market growth.  

North America is leading the market with maximum revenue share

North America along with its major economies including the US and Canada is leading the clinical microbiology market. The advanced healthcare infrastructure and the presence of major players in the region are supporting the highest market value. The high penetration of clinical microbiology technologies among key end-users in the region and well-established distribution channels for clinical microbiology product manufacturers and suppliers is accelerating the regional market value. The ongoing investment in the healthcare sector by the major players for the development of advancements in the healthcare sector is further propelling the supporting the regional market growth. Moreover, the region is also projected to maintain its dominance throughout the forecast period from 2020 to 2027.

Key Market Players

The players profiled in the report include Abbott Laboratories (US), Thermo Fisher Scientific (US), Agilent Technologies (US), Merck KGaA (US), bioMerieux S.A., Cepheid Inc., Danaher Corporation, Bruker Corporation, Becton Dickinson & Company, Hologic Inc., Roche Diagnostics, and Alere Inc. The major market players were involved in mergers and acquisitions, partnerships & collaborations, and new product development for the expansion of market share.

Market Segmentation

Market By Product

Instruments

  • Laboratory Instruments
  • Microbiology Analyzers

Reagents

  • Pathogen-Specific Kits
  • General Reagents

Market By Disease

Respiratory Diseases

Bloodstream Infections

Gastrointestinal Diseases

Sexually Transmitted Diseases

Urinary Tract Infections

Periodontal Diseases

Other Indications

Market By Application

Pharmaceutical Applications

Energy Applications

Chemical & Material Manufacturing Applications

Clinical Applications

Food Testing Applications

Environmental Applications

Market By End User

Hospitals and Diagnostic Centers

Academic and Academic and Research Institutes

Custom Lab Service Providers

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • UK.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa