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Global Microbiology Diagnostic Devices and Equipment Market Driven by Emergence of Novel Pathogens

By LabMedica International staff writers
Posted on 20 Feb 2023
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Image: The global microbiology diagnostic devices and equipment market is expected to reach close to USD 6 billion in 2026 (Photo courtesy of Pexels)
Image: The global microbiology diagnostic devices and equipment market is expected to reach close to USD 6 billion in 2026 (Photo courtesy of Pexels)

The global microbiology diagnostic devices and equipment market is expected to register a compound annual growth rate (CAGR) of 10.7% from USD 3.42 billion in 2021 to USD 5.69 billion in 2026 and grow further at a CAGR of 8.6% from 2026 to reach USD 8.56 billion in 2031. The market growth has been driven by increased healthcare expenditure, growth in the emerging markets, rapid technological advances, fast-paced increase in the aging population and the emergence of novel pathogenic infestations. However, regulatory challenges, political uncertainties, reduction in free trade and low healthcare reimbursements have negatively impacted market growth. Going forward, a rise in funding, growth in the aging population, enhanced healthcare access, and increase in various bacterial and viral epidemics will drive the growth of the global microbiology diagnostic devices and equipment market. However, the market growth could be hindered by a lack of skilled/trained microbiologists and insufficient and outdated health systems.

These are the latest findings of ResearchAndMarkets.com (Dublin, Ireland), a leading source for international market research reports and market data.

Based on type, the reagents and consumables market segment dominated the microbiology diagnostic devices and equipment market with the largest share of 80.6% in 2021 and is expected to register the fastest CAGR of 11.7% during the 2021-2026 forecast period. Based on type, the bacterial colony counters segment dominated the laboratory instruments market with the largest share of 24.8% in 2021 and is expected to register the fastest CAGR of 6.2% during the forecast period. Based on type, the microscopes segment dominated the microbiology analyzers market with the largest share of 56.1% in 2021 and is expected to register the fastest CAGR of 8.2% during the forecast period.

Based on type, the general reagents segment dominated the reagents and consumables market with the largest share of 60.5% in 2021. However, going forward, the pathogen-specific kits segment is expected to register the fastest CAGR of 14.6% during the forecast period. By end-user, the diagnostic laboratories segment dominated the microbiology diagnostic devices and equipment market with the largest share of 56.8% in 2021. However, going forward, the other end-users segment is expected to register the fastest CAGR of 10.9% during the forecast period.

Geographically, North America dominated the global microbiology diagnostic devices and equipment market with the largest share of 34.5% in 2021, followed by Asia Pacific and other regions. However, going forward, the microbiology diagnostic devices and equipment market in Africa and South America is expected to register the fastest CAGRs of 14.5% and 14.3%, respectively during the forecast period, followed by Eastern Europe and Middle East with CAGRs of 13.3% and 12.9%, respectively.

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