Constantly rising incidence of infectious diseases to drive the growth of global virology and bacteriology market

According to TechSci Research report, Global Virology and Bacteriology Market By Technology (Molecular Diagnostics, Information Technology, Immunoassays, Diagnostic Imaging, Chromatography, Monoclonal Antibodies, Others), By Disease (Respiratory System, Urinary Tract, And Bloodstream Diseases; Gastrointestinal and Periodontal Diseases; Sexually Transmitted Diseases), By End User (Clinics, Hospitals, Diagnostic Centers, Laboratories, And Blood Banks), By Company, By Region, Forecast & Opportunities, 2025, Global virology and bacteriology market is expected to witness formidable growth rate during the forecast period. Continuously growing cases of infectious diseases worldwide is one of the major factors accounting for the growth of global virology and bacteriology market. Moreover, advances in molecular diagnostic technologies is expected to bode well for the growth of global virology and bacteriology market through the forecast period. In addition to this, wider availability of immunosuppressive drugs, is anticipated to positively influence the growth of global virology and bacteriology market in the years to come. Also, continuing spread of AIDS coupled with threat of bioterrorism is making headway for the growth of global virology and bacteriology market across the globe. Along with this, supportive government funding and increasing investments by public and private bodies is expected to fuel to the market growth during the next five years. However, there are some factors that can act as major impediments to the growth of global virology and bacteriology market through 2025 such as concerns pertaining to reimbursement policies and regulatory scenarios.

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Global virology and bacteriology market can be segmented based on technology, disease, end user, company, and region. Considering the end user, the market is fragmented into clinics, hospitals, diagnostic centers, laboratories, and blood banks. The hospitals segment dominated the global virology and bacteriology market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well. This is because of presence of advanced healthcare practices and large patient pool. Moreover, increasing number of clinical trials is further anticipated to drive the growth of segment over the coming years. In term of disease, the market is segregated into respiratory system, urinary tract, and bloodstream diseases; gastrointestinal and periodontal diseases; sexually transmitted diseases. Out of which, respiratory system, urinary tract, and bloodstream diseases segment accounted for largest market share until 2019 and is further anticipated to grow at a high pace in the years to come on account of increase in population suffering from  respiratory disorders.

Fujirebio Diagnostics Inc., Cepheid, Diasorin, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Scienion AG, Grifols, Qiagen, Eiken Chemical Co Ltd, Sequenom, bioMerieux SA, Siemens AG, Hologic Inc., Diamedix Inc., Leica Biosystems Nussloch GmbH, F. Hoffmann-La RocheLtd, Abbot, GSK Biologicals, Roche, Affymetrix, are among others are the leading players operating in global virology and bacteriology market. The market players are adopting several growth strategies to enhance virology and bacteriology market. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.

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“North America is forecast to dominate the global virology and bacteriology market though 2025 on account of rapid adoption of advanced diagnostic and testing methods in the region. Furthermore, increased spending on healthcare, presence of advanced clinical laboratories and medical device manufacturing companies and favorable government policies, is also contributing to the growing trend. Additionally, Asia-Pacific is forecast to register highest growing CAGR over the years to come, which can be attributed to expanding research and development facilities in the field of diagnostics.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Virology and Bacteriology Market By Technology (Molecular Diagnostics, Information Technology, Immunoassays, Diagnostic Imaging, Chromatography, Monoclonal Antibodies, Others), By Disease (Respiratory System, Urinary Tract, And Bloodstream Diseases; Gastrointestinal and Periodontal Diseases; Sexually Transmitted Diseases), By End User (Clinics, Hospitals, Diagnostic Centers, Laboratories, And Blood Banks), By Region, Forecast & Opportunities, 2025 has evaluated the future growth potential of global virology and bacteriology market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global virology and bacteriology market.

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