DUBLIN--(BUSINESS WIRE)--The "Microbiology Testing/Clinical Microbiology Market by Application , Disease , Product , End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global clinical microbiology market is projected to reach USD 4.95 billion by 2023 from USD 3.63 billion in 2018, growing at a CAGR of 6.4% from 2018 to 2023.
Key factors driving the growth of this market include ongoing technological advancements in the field of infectious disease diagnosis, rising incidence of infectious diseases and growing outbreak of epidemics, and increased funding and public-private investments for research and innovation.
By product, the clinical microbiology market is classified into instruments and reagents. In 2018, the instruments product segment accounted for the largest share of the market, however, the reagents product segment is expected to grow at a higher rate during the forecast period. The growth of the reagents segment can be attributed to the high prevalence of infectious diseases across major markets, growing trend of reagent rental agreements along with instrument sales, and the increasing number of life science researches in the field of pathogen-specific reagents.
North America is expected to hold the largest share of the global clinical microbiology market in 2018, however, Asia Pacific is expected to grow at the fastest rate during the forecast period. Factors such as the growing number of hospitals and clinical diagnostic laboratories in developing APAC countries; expanding research capabilities for the development of innovative and affordable clinical microbiology testing procedures across India, China, and Japan; and the rising incidence and prevalence of infectious diseases in the region.
- Becton, Dickinson and Company
- Danaher Corporation
- Merck KGaA
- Thermo Fisher Scientific
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Microbiology Testing Market, By Application
7 Clinical Microbiology Market, By Product
8 Clinical Microbiology Market, By Disease Area
9 Clinical Microbiology Market, By End User
10 Microbiology Testing/Clinical Microbiology Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/f9l2vr/global?w=4