Clinical Microbiology Market size is estimated to reach $5.58bn by 2025, growing at a CAGR of 6.35% during the forecast period 2020-2025. Clinical microbiology is a discipline that incorporates with the testing for microorganisms. It is focused on medical science which is concerned with the prevention, diagnosis, and treatment of infectious diseases. The clinical microbiology is used for the rapid identification of the microorganism and for the treatment of the infectious diseases caused by bacteria, fungus, viruses, parasites and another microorganism. Clinical microbiology market is set to grow significantly in the coming years, owing to the key factors such as rise in hospital-acquired infection & fungal infections in the immune-compromised and pathogen discovery across the globe. The technological advancements in disease diagnostics, rising incidence of infectious diseases and growing outbreak of epidemics, and increased funding and public-private investments in the field of disease diagnosis are set to drive the market in the forecast period 2020-2025.
By Indication – Segment Analysis
The global clinical microbiology market based on indication has respiratory diseases, bloodstream infections (BSIs), gastrointestinal (GI) diseases, sexually transmitted diseases (STDs), urinary tract infections (UTIs), periodontal diseases, and other diseases (including cardiovascular disease, central nervous system infections, connective tissue & joint diseases, and skin diseases). The respiratory disease segment registers for highest market share in 2019 and is set to continue for the forecast period (2020-2025). The segment is set to emerge owing to the large patient population suffering from respiratory diseases, rising prevalence of target respiratory diseases (including bronchitis, TB, asthma, COPD, and) across developing countries, and increasing number of epidemic outbreaks of respiratory infections.
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By Application – Segment Analysis
The global clinical microbiology market based on applications has clinical, food testing, energy, pharmaceutical, chemical & material manufacturing, and environmental applications. The pharmaceutical applications segment registers for the highest market share in 2019 and is set to continue for the forecast period 2020-2025, owing to the presence of globally accepted regulations in pharmaceutical manufacturing and raw material sourcing processes.
By Geography – Segment Analysis
The global Clinical Microbiology Market by geography had the dominant share in North America in terms of revenue in 2019 owing to the high number of registered treatments and increasing use of cartilage repair or regeneration to treat sports injuries and other accidents. Europe comes in second in terms of market share owing to the rising awareness about blood related disorders and swift availability of treatment in terms of plasma fractionation. However, Asia-Pacific is estimated to outpace all the regions by clocking the highest CAGR during the forecast period 2020-2025 owing to the rising number of hospitals and clinical diagnostic laboratories.
Drivers – Clinical Microbiology Market
Increased rate of infectious diseases and advancements in the technology
The demand for Clinical Microbiology is driving forward owing to the increase in the awareness about early infection to avoid risks. Clinical microbiology uses a number of rapid tests to detect specific bacterial antigen in non-histopathological primary specimens that help to identify infection faster. This is driving the market growth. Besides, many microbial laboratories have implemented automation to process the detection and isolation of a specific microorganism are acting as drivers for supporting the growth of the clinical microbiology market.
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Challenges – Clinical Microbiology Market
Lack of skilled workforce and high cost equipment
Clinical Microbiology requires a well-trained and skilled workforce as it needs to deal with pathogenic microorganisms. The equipment used in this test is expensive and difficult to handle, which is estimated to impede the growth of the clinical microbiology market.Strict rules by the government in approving new products has become a challenge for the growth of market for the forecast period 2020-2025.
Clinical Microbiology Industry outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Clinical Microbiology Market. Key companies of this market are Thermo Fisher Scientific, Sigma-Aldrich Corporation, Danaher Corporation, Merck KGaA, Bio-Rad Laboratories, Inc, bioMerieux Inc., QIAGEN N.V, F. Hoffmann-La Roche AG, Becton, Dickinson and Company, Siemens Healthineers AG.
Acquisitions/Product Launches
In June 2020, Hoowaki LLC develops a one-piece injection moulded design for the COVID-19 swabs.
In October 2019, Microbiologics Inc announced that it acquired Micromyx to develop new antimicrobial agents for clients in the pharmaceutical, biotechnology and animal health industries.
Key Takeaways
Geographically, North America’s Clinical Microbiology market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high number of registered treatments and increasing use of cartilage repair or regeneration to treat injuries.
Rising technological advancements in the diagnostics have helped in significant growth of clinical microbiology market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Clinical Microbiology Market report.
Lack of adequate skilled and well-trained workforce on handling the pathogenic microorganisms are anticipated to hamper the market growth of the clinical microbiology market.
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