Feb 03, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Clinical Microbiology Market.
It was estimated prior to this unanticipated outbreak that the Clinical Microbiology Market is likely to witness a CAGR of 6.6% during the forecast period. Some of the key factors driving the growth of the clinical microbiology market are technological advancements, rising incidence of infectious diseases and pandemic outbreaks (such as COVID-19), and increased funding and public-private partnerships.
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Clinical microbiology is a branch of medical science which focuses on the isolation and characterization of infectious organisms, in order to manage and treat them in patients. This subject of microbiology is concerned with the prevention, diagnosis, and treatment of infectious diseases.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the product type, the market is segmented as instruments and reagents. The instruments product type segment is expected to account for the larger share of the market during the forecast period, owing to technological advancements in molecular techniques and the proteomics field, as well as the widespread adoption of conventional laboratory instruments among researchers and academia.
Based on the end-user type, the market is segmented as hospitals & diagnostic centers, custom lab service providers, and academic & research institutes. The hospitals & diagnostic centers segment is expected to hold the largest share of the market during the forecast period, owing to the growing awareness among doctors about the benefits offered by molecular diagnostics products, ongoing expansion of healthcare infrastructures across emerging economies, rising incidence of diseases such as HIV-AIDS, malaria, tuberculosis, and epidemic diseases, and the availability of technologically-advanced products for the diagnosis of infectious diseases.
In terms of regions, North America is expected to be the leading region in the market over the forecast period due to high adoption of advanced diagnostic technologies, favorable government regulations, and the presence of well-established distribution channels for clinical microbiology product manufacturers and suppliers, all of which are fueling the regional market growth. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Clinical Microbiology market are-
- Abbott Laboratories
- Agilent Technologies, Inc.
- Becton, Dickinson and Company
- Bio-Rad Laboratories, Inc.
- Bruker Corporation
- Danaher Corporation
- Hologic, Inc.
- Neogen Corporation
- The 3M Company
- The Merck Group
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Clinical Microbiology analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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