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North America holds a significant share of the clinical microbiology industry owing to the robust healthcare sector in countries like the United States and Canada. The adoption of the latest diagnostic capabilities in the region is also augmenting the market growth. Moreover, the presence of the microbiological leading research institutes in the region, such as the Massachusetts Institute of Technology and Harvard University, is resulting in the development of various advanced diagnostic technologies, which is propelling the market growth. Meanwhile, Europe is witnessing rapid growth owing to the presence of various major companies in the region. The growing prevalence of infectious diseases, especially among the increasing geriatric population, is leading to a surge in the demand for diagnostic capabilities, which is projected to bolster the growth of the clinical microbiology industry.
bioMérieux SA (OTCMKTS: BMXMF), one of the leading companies in the market, announced that it is expected to distribute Specific Diagnostics’, Reveal Rapid AST System, in Europe in June 2021. The system is based on the company’s unique and patented metabolomic signature technology to provide actionable results for bloodstream infection. This allows either timely de-escalation to focussed, more appropriate, and cost-effective therapies or an effective drug. It also offers consumers the deployment of easy-to-use instruments with a targeted menu, modular design for hospitals, and small footprints while delivering rapid results to enable fully actionable results in order to allow clinicians to diagnose and treat patients quicker and establish a new standard of care. The development of such advanced systems is expected to aid the market growth in the forecast period.
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The major players in the global clinical microbiology market are bioMérieux SA, Abbott Laboratories, F. Hoffmann-La Roche Ltd, Bio-Rad Laboratories, Inc., and Becton, Dickinson and Company, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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