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According to Stratistics MRC, the Global Clinical Microbiology Market is accounted for $3.41 billion in 2016 and is expected to reach $7.52 billion by 2023 growing at a CAGR of 11.9% during the forecast period. Rising healthcare spending across the globe, growing geriatric population, increasing incidence of infectious diseases, technological advancements are some of the key factors is fueling the market growth. However, reimbursement concerns and adverse regulatory scenario are some factors restraining the market. Growing market demand for advanced molecular diagnostic products and enhanced healthcare infrastructure across the emerging markets provide various opportunities in the market.
Clinical Microbiology is a branch of medical science concerned with the prevention, diagnosis and treatment of infectious diseases. Moreover, this field of science is concerned about various clinical applications of microbes for the improvement of health. The clinical microbiology laboratory plays a pivotal role in facilitating effective antimicrobial stewardship by communicating the results of microbiological diagnostic tests to clinicians to ensure that appropriate treatments can be delivered. As such, the staff working in the laboratory needs access to reliable, accurate assays that provide positive pathogen identifications in the shortest possible time. A core function of the clinical microbiology laboratory is the handling of blood cultures, and when a blood culture is positive, reporting the identity of the pathogen back to the clinician.
The respiratory disease segment is expected to show a significant growth during the forecast period. Growing levels of air pollution with industrialization is resulting in fast escalation of respiratory disease prevalence. Also, among other infections, respiratory diseases increase rapidly due to easy transfer of contagious pathogens. North America accounted for the largest market share. The growth for this region is attributed to highly develop industrial and healthcare sectors in the U.S. which increases the adoption of these techniques in the country.
Some of the key players in Clinical Microbiology market include Bruker Corporation, Hologic, Inc., Becton, Dickinson and Company, F. HoffmanLA Roche Ltd., Danaher Corporation, Biomerieux S.A., BioRad Laboratories Inc., Cepheid U.S., Abbott Laboratories, Inc., Alere, Inc. and Siemens AG.
Sexually Transmitted Diseases
Urinary Tract Infections UTIS
o Rest of Europe
o New Zealand
o Rest of Asia Pacific
o Rest of South America
Middle East Africa
o Saudi Arabia
o South Africa
o Rest of Middle East Africa
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