Microbiology Diagnostic Devices And Equipment Market Forecast 2025-2034: Growth Dynamics, Emerging Trends, and Strategic Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theMicrobiology Diagnostic Devices And Equipment Market?
The surge in public and private financial contributions towards medical devices is propelling the growth of the microbiology diagnostic devices market. The escalating investments are a testament to the growing conviction of various public and private stakeholders in microbiology diagnostic devices, thus suggesting an ongoing rise and boosting growth. For example, MedTech News, a medical technology news outlet, reported that the private equity industry poured $111.8 B (approx. $ 151 B) into the healthTech sector. Moreover, a global total of 96 deals worth $40.8 billion were finalized in the MedTech sector. The growing interests in digital health technologies, artificial intelligence, non-invasive monitoring, gene therapy delivery and regenerative medicine technologies, along with personalized 3D printing of medical devices, are all forecasted to fuel the microbiology diagnostic devices market.
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How Has the Microbiology Diagnostic Devices And Equipment Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The market size of microbiology diagnostic devices and equipment has seen a swift expansion in the last few years. The market is projected to escalate from $5.9 billion in 2024 to $7.02 billion in 2025, with a compound annual growth rate (CAGR) of 18.9%. The remarkable growth during the historic period is a result of numerous factors, including heightened healthcare spending, expansion in emerging markets, fast-paced technological progress, the rapid increase in the aging population and the appearance of new pathogenic infestations.
In the upcoming years, the market size for microbiology diagnostic devices and equipment is projected to experience swift expansion. The market’s estimated value by 2029 will be $11.86 billion, boasting a compound annual growth rate (CAGR) of 14.0%. The anticipated growth in the said period can be credited to an increase in investment, an expanding elderly population, better access to healthcare, and a quick surge in various bacterial and viral outbreaks. Key trends for the forecast period encompassing increased adoption of predictive diagnostics, the automation of microbiology diagnostics, next-generation microbial tests, and a rise in mergers and acquisitions.
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What Are the Latest Innovations Influencing theMicrobiology Diagnostic Devices And Equipment Market?
The microbiology diagnostic devices market is witnessing a growing prevalence of Next-Generation Sequencing (NGS) solutions. This surge is largely due to their cost-effectiveness, the ability to identify low-frequency variants, and wide-ranging genomic coverage. Also known as high throughput sequencing or Massively Parallel Sequencing (MPS), NGS entails sequencing hundreds or even thousands of genes or gene regions. It also has the potential to uncover new resistance genes (ARG) in bacteria. Illumina has joined forces with BioMérieux to create BioMérieux EpiSe, an NGS service intended to streamline the epidemiological surveillance of bacterial infections and outbreak monitoring in hospitals. Modern NGS technologies, which aid in DNA and RNA sequencing, incorporate techniques like Illumina (Solexa) sequencing, Roche 454 sequencing, Ion Torrent Proton/PGM sequencing, and SOLiD sequencing.
Who Are the Major Industry Players Accelerating Growth in theMicrobiology Diagnostic Devices And Equipment Market?
Major companies operating in the microbiology diagnostic devices and equipment market include Danaher, Abbott Laboratories, Thermo Fisher Scientific, Becton Dickinson and Company, Biomerieux, Bio-Rad Laboratories Inc., Roche, Bruker Corporation, Merck KGaA, Johnson & Johnson, Simens Healthcare, Beckman Coulter Inc., Ortho Clinical Diagnostics, Sysmex Corporation, Siemens Healthineers, TestLine Clinical Diagnostics s.r.o., Cepheid, Hologic, Bayer AG, Meridian Bioscience, Qiagen N.V., Immunodiagnostic Systems Holdings PLC, Mesa Biotech Inc., PerkinElmer Inc., Neogen Corporation
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Which Primary Segments of the Microbiology Diagnostic Devices And Equipment Market Are Driving Growth and Industry Transformations?
The microbiology diagnostic devices and equipment market covered in this report is segmented –
1) By Type: Laboratory Instruments, Microbiology Analyzers, Reagents And Consumables
2) By Reagents: Pathogen-Specific Kits, General Reagents
3) By End-User: Diagnostic Laboratories, Hospitals, Other End-Users
Subsegments:
1) By Laboratory Instruments: Incubators, Autoclaves And Sterilizers, Refrigerators And Freezers, Centrifuges, Microscopes
2) By Microbiology Analyzers: Automated Microbiology Analyzers, Polymerase Chain Reaction (PCR) Analyzers, Mass Spectrometers, Immunoassay Analyzers, Flow Cytometers
3) By Reagents And Consumables: Culture Media, Stains And Dyes, Reagent Kits, Sample Collection Devices, Test Strips And Kits For Specific Pathogens
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theMicrobiology Diagnostic Devices And Equipment Market?# Market?
North America was the largest region in the microbiology diagnostics devices and equipment market in 2024. Asia-Pacific was the second largest region in the global microbiology diagnostic devices and equipment market. The regions covered in the microbiology diagnostic devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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