Clinical Microbiology Market Listed at 11.5% CAGR and Projected to Touch US$ 5.77 Billion by 2021

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.

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.  

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Clinical microbiology market growth can be attributed to factors such as technological advancements; rising incidence of infectious diseases and growing outbreak of epidemics. 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.

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

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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.).

Microbiology Testing Market, By Application

• Pharmaceutical
• Clinical
• Food Testing
• Energy
• Chemical and Material Manufacturing
• Environment

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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.