The Global microbiology market is increasing due to increase in pervasiveness of pathogenic diseases, growth in discovery of mutating and adapting microbes, and the growing need for rapid microbiological testing methods.
The microbiology laboratory has a whole array of diagnostics instruments used for scientific studies and diagnostic examination. These methods are used for the detection of viruses as well as a number of other diseases. Clinical microbiology testing is fundamental for identifying bacterial, fungal, and parasitic infections as well as for preventing epidemics. The rapid diagnostic testing market is the most needed after in the microbiology industry as it provides results in less than 30 minutes. Thus, immediate results are the major factors that will drive the microbiology market.There has been a raise in the number of infectious diseases across the globe. The factors such as the growth in incidence of HIV and tuberculosis as well as STD’s in developing countries along with the growth in respiratory diseases like influenza and Pneumonia in developed countries like Europe and USA will drive the microbiology market.
In 2013, the microbiology testing market accounted for 5% in the global IVD market and contributed $3556.7 million in 2013 to the IVD market, and is estimated to reach $4737.2 million by 2018, at a CAGR of 6.2% from 2013 to 2018.
The Americas commanded the largest share of 42% in the global microbiology market at $1485.02 million in 2013, and is expected to reach $1932.8 million by 2018, at a CAGR of 5.6% from 2013 to 2018.
The U.S. commanded the greatest share of 89% in the American Microbiology IVD market at $1320.4 million in 2012, and is expected to reach $1715.6 million by 2017, at a CAGR of 5.6% from the year 2013 to 2018.
Next to America, Europe occupies the 2nd largest market position. Germany commanded the largest share 20% at an estimated $223.7 million in 2013 and is expected to reach $272.5 million by the year 2018, at a CAGR of 4.2% from 2013 to 2018.
Asian Microbiology market is developing rapidly and will continue to grow in future. China commanded the largest share 53% at an estimated $177.1 million in 2013 and is expected to reach $334.5 million by the year 2018, at a CAGR of 14.2% from 2013 to 2018.