Global clinical microbiology market is witnessing strong growth due to increasing prevalence of infectious diseases worldwide. Factors such as rising geriatric population which is more prone to infectious diseases, growing awareness about disease diagnosis, and technological advancements in analytical instruments are driving the market growth. Moreover, various initiatives by government and private organizations to promote awareness about disease diagnosis can drive the market growth.
Market Dynamics:
Global clinical microbiology market growth is driven by factors such as rising incidence of infectious diseases across the globe. According to the World Health Organization (WHO), infectious diseases account for approximately 17 million deaths globally every year. Growing awareness about timely diagnosis of diseases and availability of advanced diagnostic technologies are expected to drive the market growth. Moreover, increasing healthcare expenditure by governments of various countries can also drive the market growth. However, high cost of automated instruments can hamper the market growth. Lack of infrastructure and skilled professionals in underdeveloped and developing nations restrict the market growth. Ongoing research & development activities to develop advanced microbiology diagnostic solutions present lucrative opportunities for market players.
Key Features of the Study:
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