Microbiology Diagnostic Devices And Equipment Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
What is the Projected Growth Rate of the Microbiology Diagnostic Devices And Equipment Market from 2024 to 2033?
The market size for microbiology diagnostic devices and equipment has seen swift expansion in recent years. It is forecasted to escalate from $4.49 billion in 2023 to $5.02 billion in 2024, with a compound annual growth rate (CAGR) of 11.8%. The historic growth in this market is a result of a surge in healthcare expenditure, the expansion of emerging markets, swift advancements in technology, a rapidly aging population, and the appearance of new pathogenic infestations.
In the coming years, the market size of microbiology diagnostic devices and equipment is predicted to witness swift expansion. The projection suggests it reaching $7.74 billion in 2028, with a compound annual growth rate (CAGR) at 11.4%. The anticipated growth in the projection period is due to increased funding, an aging population, enhanced healthcare accessibility, and a steep spike in diverse bacterial and viral epidemics. The forecast period is also likely to see major trends such as the widespread adoption of predictive diagnostics, automation in microbiology diagnostics, next-generation microbial testing, and a surge in mergers and acquisitions.
Claim Your Free Sample of the Global Microbiology Diagnostic Devices And Equipment Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=3408&type=smp
What Are the Key Drivers of Growth in the microbiology diagnostic devices and equipment Market?
The growth of the microbiology diagnostic devices market is due to an upsurge in the proportion of public and private contributions in medical utilities. The escalating investments reveal the increasing trust of several private and public players in microbiology diagnostic mechanisms, inferring a steady growth and triggering expansion. MedTech News, a renowned medical technology news publisher, stated that the private equity industry invested in the HealthTech sector for approximately $151 B or exactly $111.8 B. Additionally, a total of 96 deals valued at $40.8 billion were executed in the globally recognized medTech industry. The augmenting investments in sectors like digitized health technologies, artificial intelligence, non-invasive monitoring ability, distribution of gene therapy and regenerative remedies technologies, and customized 3D printed medical utilities forecasts a drive in the microbiology diagnostic devices market.
What Are the Notable Segments in the Microbiology Diagnostic Devices And Equipment Market?
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
Sub segments: Incubators, Gram Strainers, Bacterial Colony Counters, Petri Dish Fillers, Automated Culture Systems, Other Laboratory Instruments, Microscopes, Mass Spectrometers, Other Microbiology Analyzers, Oncology, Hormonal Disorder, Glaucoma, Other Therapeutic Applications
Which Emerging Trends Are Altering the Microbiology Diagnostic Devices And Equipment Market?
The microbiology diagnostic devices market is seeing a rise in the usage of Next-Generation Sequencing (NGS) technologies owing to their cost-effectiveness, ability to identify low-frequency variants, and extensive genomic coverage. NGS, also known as high throughput sequencing or Massively Parallel Sequencing (MPS), presents a method for sequencing genomes, allowing for the sequencing of hundreds to thousands of genes or gene regions and the detection of new resistance genes (ARG) in bacteria. A partnership between BioMérieux and Illumina resulted in the creation of the bioMérieux EpiSe, a service utilizing NGS for the epidemiological monitoring of bacterial infections and tracking hospital outbreaks. Modern NGS technologies, including Illumina (Solexa) sequencing, Roche 454 sequencing, Ion torrent Proton / PGM sequencing, and SOLiD sequencing, aid in the sequencing of DNA and RNA.
Order Now for Fast Delivery of Your Microbiology Diagnostic Devices And Equipment Market Report!
Which Regions Are Most Influential in Expanding the Microbiology Diagnostic Devices And Equipment Market?
North America was the largest region in the microbiology diagnostics devices and equipment market in 2023. 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
The Microbiology Diagnostic Devices And Equipment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the microbiology diagnostic devices and equipment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Microbiology Diagnostic Devices And Equipment Market Include
1. Microbiology Diagnostic Devices And Equipment Market Executive Summary
2. Microbiology Diagnostic Devices And Equipment Market Segments
3. Microbiology Diagnostic Devices And Equipment Market Size And Template Market Growth Rate
4. Key Microbiology Diagnostic Devices And Equipment Market Trends
5. Major Microbiology Diagnostic Devices And Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Microbiology Diagnostic Devices And Equipment Market
26. Top Microbiology Diagnostic Devices And Equipment Companies
27. Microbiology Diagnostic Devices And Equipment Market Opportunities And Strategies
28. Microbiology Diagnostic Devices And Equipment Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Metal And Mineral Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/metal-and-mineral-global-market-report
Metal Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/metal-global-market-report
Metal Ore Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/metal-ore-global-market-report
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
