The clinical microbiology market is poised to grow significantly on account of the growing occurrence of an epidemic, such as COVID-19, and other infectious diseases, coupled with the technological developments in molecular diagnostic therapy to advance early detection treatment of pathogen-borne diseases. With the rapid rise in contagious diseases throughout the world, end-users of clinical microbiology are opting for highly efficient products that assist them in a broad range of testing methodologies and are typically used to identify or study microbes that may cause infection in the human body. It further helps to interpret the disease and includes the therapy of the infectious diseases caused by bacteria, viruses, fungus, parasites, and other microorganisms. Though the spread of infectious diseases is more frequent among people, recent improvements and commercialization have been undertaken in the pathogen-specific diagnostic technology, which has substantially improved the clinical feasibility of taking rapid counteractive action, analysis, and treatment of chronic diseases.
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Clinical microbiology laboratory often allows for identifying patients who suffered from severe health conditions. By the efficient development of clinical microbiology, patients are possibly getting effective antibiotic administration and improving the treatment outcome. This is likely to benefit from instruments and reagents developed for clinical microbiology that can be used in disease diagnosis and treatment. Following these promising developments, the Global Clinical Microbiology Market is estimated to observe healthy growth, pegged at a CAGR of around 6.8% throughout the forecast period 2020-2025.
The advanced molecular diagnostic technique is expected to offer numerous technological advantages, including faster turnaround time, multiplexing of reactions, and high sample throughput compared to conventional laboratory techniques. The advanced technology primarily includes next-generation sequencing (NGS), real-time PCR, and molecular cartridges, together with mass spectrometry that are being extensively used due to their capabilities in the characterization and identification of various pathogens and samples in a single run. Consequently, clinical microbiology is gaining a significant amount of traction in promoting robust antimicrobial stewardship through imparting the consequences of microbiological diagnostic tests among clinicians by ensuring that suitable medicines can be delivered. This has ensued in the increased preference and adoption of these products among key end-users, such as healthcare providers, including hospitals and clinical centers), research laboratories, and biotechnology and pharmaceutical companies.
The increased R&D productivity in the pharmaceutical and biopharmaceutical industry is also on a surging trend across the globe. This has resulted in the development of high-efficacy products that deliver unmet medical needs and are significant contributors to catering to the need of research-based pharmaceutical companies. The efficiency of R&D has increased the successful launch and approval of new products at the rate of the monetary investments required for R&D. With the rising R&D spending in the pharmaceutical industry; there is a dramatic surge in the development of molecular diagnostic technology moving from drug discovery to disease monitoring and diagnosis. Therefore, clinical microbiology has become a critical aspect in identifying disease cells and improving treatment outcome, which, in turn, fosters the growth of the overall market during the forecast period.
Segmentation Overview of the Global Clinical Microbiology Market
The clinical microbiology market is segmented into disease, application, product, and end-user. These major market segments are further categorized into various sub-segments to study the market in detail.
By Disease Outlook (Respiratory Diseases, Bloodstream Infections, Gastrointestinal Diseases, Sexually Transmitted Diseases, Urinary Tract Infections, Periodontal Diseases, Others)
By Application Outlook (Pharmaceuticals, Food Testing Applications, Clinical, Energy, Chemical & Material Manufacturing Applications, and Environmental)
By Product Outlook (Instrument (Laboratory Instruments and Microbiology Analyzers), Reagents)
By End-User Outlook (Hospitals & Diagnostics Centers, Custom Lab Service Providers, Academic & Research Institutes)
Key Players Insights
3M Company, Abbott Laboratories, Agilent Technologies, Inc., Becton, Dickinson and Company, Biomérieux, Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, Hologic, Inc., Merck Group, among others, are some key market players included in the research study of the global clinical microbiology market.
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