Market Analysis microbiology 2023

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The worldwide clinical microbiology market size is predicted to reach USD 5.3 billion by 2025 from USD 3.9 billion in 2020, at a CAGR of 6.5% during the forecast period. The worldwide clinical microbiology market size was assessed at USD 11.6 billion in 2019 and is expected to reach USD 12.4 billion in 2020.  The worldwide microbiological testing/clinical microbiology market proposes major growth prospective for noticeable as well as developing product manufacturers. Technological advancements, rising incidence of infectious diseases and growing outbreak of epidemics (such as COVID-19), and increased funding and public-private investments are some of the key factors running the growth of the microbiological testing/clinical microbiology market.

Market size value in 2020                                USD 12.4 billion

Revenue forecast in 2025                                   USD 16.7 billion

Growth rate                                                          CAGR of 6.7% from 2017 to 2025

Base year for estimation                                    2016

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