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The clinical microbiology industry is growing rapidly and is expected to continue growing in the foreseeable future. According to a recent study, the global Clinical Microbiology Market size is projected to reach USD 3.9 billion in 2020 and projected to reach USD 5.3 billion by 2025, at a CAGR of 6.5% during the forecast period. This growth can be attributed to factors such as increasing prevalence of infectious diseases, rising demand for diagnostic tests, and government initiatives to develop diagnostic and therapeutic solutions for infectious diseases. Additionally, the increasing need for point-of-care diagnostics, technological advancements, increasing R&D investments in the field of clinical microbiology, and the availability of advanced infrastructures are also driving the growth of the market.
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Latest Trends in Clinical Microbiology Market
Latest Developments in Clinical Microbiology
Some of the prominent key players are:
bioMérieux is the leading player in the clinical microbiology market. The company has a robust product portfolio and a strong geographical presence in more than 160 countries. To maintain its leadership position in the market, the company has been focusing on R&D activities and product launches.
Danaher is one of the leading companies in the healthcare and life science research industry. The company operates in the clinical microbiology testing market through its wholly-owned subsidiaries Beckman Coulter and Cepheid. Danaher focuses on strengthening its position in the global microbiology/clinical testing market by adopting the strategies of acquisitions and product launches. The company launched several innovative products, such as DxM 6100 Autoplak Advanced System, Xpert Xpress Flu Test Kit, DxONE Clinical Information Management Tools, Xpert Xpress Strep A Test Kit, Access 2 Immunoassay System, VERIS MDx System, VERIS Human CMV Assay, and UniCel DxH Connected Workcell Solution. These products have helped the company increase its revenue and maintain its position in the microbiology testing market.
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Geographically, the emerging Asian countries, such as China, India, South Korea, Taiwan, and Singapore, are offering high-growth opportunities for market players. The Asia Pacific clinical microbiology market is projected to grow at the highest CAGR from 2020 to 2025. Government efforts to increase awareness related to genome-based infectious disease diagnosis; supportive regulations for the development and commercialization of advanced clinical microbiology products; rising healthcare expenditure; the increasing number of hospitals and clinical diagnostic laboratories in India and China; expanding research base across India, China, and Japan; and the rising incidence of infectious diseases are driving the growth of the APAC clinical microbiology market.
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