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The microbiology diagnostic devices and equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!

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The Microbiology Diagnostic Devices And Equipment Market Size In 2022 And Forecast
The global microbiology diagnostic devices and equipment market grew from $3.42 billion in 2021 to $3.92 billion in 2022 at a compound annual growth rate (CAGR) of 14.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The microbiology diagnostic devices and equipment market is expected to grow to $5.68 billion in 2026 at a CAGR of 9.8%.

The microbiology diagnostics devices and equipment market consist of sales of microbiology diagnostics devices and equipment and related services.

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Increase In Funding Of Public And Private Investments In Medical Devices Is Driving The Growth Of The Microbiology Diagnostic Devices And Equipment Market
For instance, India introduced ¥544 billion (~$4.90 billion) of medical devices in 2019 & transported ¥178 billion (~$1.60 billion) of medical devices with a market size at retail & institutional sales level of above ¥1500 billion (~$13.52 billion). It has the potential for above ¥ 1000 billion (~$9.02 billion) investment in medical devices over the next five years. The increasing investments in digital health technologies, artificial intelligence and non-invasive monitoring capability, delivery of gene therapy and regenerative medicines technologies, and customized 3D printing of medical devices are expected to drive the microbiology diagnostic devices market.

Competitive Landscape And The Regional Analysis Of The Microbiology Diagnostic Devices And Equipment Market
Major players in the microbiology diagnostic devices and equipment market are Becton Dickinnson and Company, Biomerieux, Danaher, Thermo Fisher Scientific, Abbott Laboratories, Bio-Rad Laboratories Inc., Bruker Corporation, Neogen Corporation, Merck KGaA, and Charles River Laboratories International Inc.

Additionally, as per TBRC’s research – North America was the largest region in the microbiology diagnostic devices and equipment market in 2021 holding the largest market share.

The Microbiology Diagnostic Devices And Equipment Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the microbiology diagnostic devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the microbiology diagnostic devices and equipment market.

Next-Generation Sequencing Technologies – A Key Trend In The Microbiology Diagnostic Devices And Equipment Market
Next-Generation Sequencing (NGS) or high throughput sequencing or Massively Parallel Sequencing (MPS) is a method of sequencing genomes with the ability to sequence hundreds to thousands of genes or gene regions and the capability to detect novel resistance genes (ARG) in bacteria.

Microbiology Diagnostic Devices And Equipment Market Segmentation By The Business Research Company

1) By Type: Laboratory Instruments, Microbiology Analysers

2) By End User: Hospitals, Diagnostic Centres, Customer Lab Service Providers, Academic Institutes, Research Institutes

3) By Laboratory Instruments: Incubators, Gram Stainers, Bacterial Colony Counters, Petri Dish Fillers, Automated Culture Systems

4) By Micro-Biology Analyzers: Microbiology Diagnostics Instruments, Microscopes

5) By Reagents: Pathogen-Specific Kits, General Reagents

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