The global clinical microbiology market is projected to reach USD 5.77 Billion by 2021 from USD 3.35 Billion in 2016, growing at a CAGR of 11.5% from 2016 to 2021. Clinical microbiology market growth can be attributed to factors such as technological advancements; rising incidence of infectious diseases and growing outbreak of epidemics; growing healthcare expenditure across the world; and increasing funding, research grants, and public-private investments in the field of life science researches.
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Geographically, clinical microbiology market is classified into four regions - North America, Europe, Asia-Pacific, & Rest of the World. North America and Europe are mature markets for clinical microbiology products.
Emerging regions such as Asia-Pacific (including Japan, China, and India, among others) are expected to become new revenue-generating pockets in the market in the next five years.
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Key Target Audience
- Microbiological Testing/Clinical Microbiology product manufacturers
- Healthcare service providers (Including hospitals and diagnostic centers)
- Pharmaceutical product manufacturing companies
- Clinical testing laboratories
- Clinical Research Organizations (CROs)
- Food and beverages manufacturing companies
- Petrochemical and biofuel product manufacturing companies
- Oil & gas producing and distribution companies
- Gas operators, distributors, and regulators
- Environmental monitoring committees
- Environmental monitoring product manufacturing companies
- Research laboratories and academic institutes
- Market research and consulting firms
The respiratory diseases segment is expected to account for the largest share of the global market in 2016. This segment is also projected to grow fastest in the global market during 2016–2021.
The significant growth potential offered by the respiratory disease segment can be attributed to factors such as the large patient population for respiratory diseases and rising prevalence of tuberculosis across developing countries.
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Geographically, North America and Europe are expected to be the mature markets for clinical microbiology products in 2016. The North American clinical microbiology market is expected to hold the largest share of global clinical microbiology market in 2016.
However, the Asia-Pacific clinical microbiology market is projected to grow at the highest CAGR during the forecast period owing to the growing number of hospitals and clinical diagnostic laboratories in India and China.
Microbiology Testing Market, By Application
- Food Testing
- Chemical and Material Manufacturing
Top trends and company profiles of clinical microbiology market. The leading players in clinical microbiology market include bioMerieux S.A. (France),Danaher Corporation (U.S.), Becton, Dickinson and Company (U.S.),Cepheid (U.S.) Abbott Laboratories Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), F. Hoffman-La Roche Ltd. (Switzerland),Alere Inc. (U.S.), Bruker Corporation (U.S.), and Hologic, Inc. (U.S.).
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Product development and commercialization and was the key growth strategy adopted by prominent players to strengthen their global positioning in the clinical microbiology market. Moreover, strategies such as agreements, collaborations, and partnerships, acquisitions, and geographic expansions were also adopted by a significant number of market players to strengthen their product portfolios and expand their distribution networks in the global market during 2012–2015.
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