Enjoy complimentary customisation on priority with our Enterprise License!
The bio-detection market is estimated to grow at a CAGR of 12.96% between 2022 and 2027. The size of the market is forecast to increase by USD 12,270.05 million. The growth of the market depends on several factors, including the increasing incidence of infectious diseases and cancer, increasing initiatives for rapid diagnostics of diseases, and the increasing number of alliances.
This report extensively covers market segmentation by application (clinical, food and environmental, and defense), product (instruments, accessories and consumables, and reagents and media), and geography (North America, Europe, Asia, and Rest of World). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
Technavio categorizes the global bio-detection market as a part of the global healthcare equipment market. The parent, global healthcare equipment market covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increasing incidence of infectious diseases and cancer is notably driving the market growth, although factors such as inadequate healthcare services in developing regions may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Bio-detection Market Driver
The increasing incidence of infectious diseases is notably driving the biodetectors and accessories market growth. The prevalence of infectious diseases such as tuberculosis, human immunodeficiency virus (HIV), pneumonia, and malaria has increased. HIV attacks, for example, eventually destroy the immune system, resulting in Acquired immunodeficiency syndrome (AIDS), although this progression takes years. Thus, the body cannot defend itself against germs and infections as the immune system is compromised.
There has been an increase in awareness programs related to infectious diseases such as HIV, cancer, tuberculosis, and pneumonia to encourage preventive healthcare or early diagnosis for improved treatment outcomes. For instance, the Aid for AIDS program understands the needs of patients and provides them with the required treatments and tools to lead normal lives. With the global burden of these diseases increasing, the demand for rapid microbiology techniques for faster and more accurate microbial screening, identification, and testing against pathogens is expected to boost the growth of the global market significantly during the forecast period.
Significant Bio-detection Market Trend
The increasing applications of microorganisms are an emerging trend in the biodetectors and accessories market. Microorganisms are increasingly being used for producing various products, such as food items and beverages, food additives and supplements, and microbial enzymes. These products are of economic importance. Industrial microbiologists perform various activities for producing commercial products from microorganisms, these activities include the isolation of microorganisms from nature, screening for product formations, maintaining cultures, and retrieving products, followed by their purification. All these activities require bio-detection products such as microbial identification systems, kits, and reagents.
Some products manufactured with the help of microorganisms are beverages and amino acids. Microorganisms such as yeasts are used to produce beverages such as beer, wine, whiskey, brandy, and rum. Microorganisms also help produce amino acids such as lysine and glutamic acid, which are used in the food industry as nutritional supplements in bread products. Hence, the increased use of microorganisms in the production of food and beverage products is expected to drive the growth of the global biodetectors and accessories market during the forecast period.
Major Bio-detection Market Challenge
The inadequate healthcare services in developing regions is a major challenge impeding market growth. Many people in developing regions do not have the required knowledge or access to healthcare facilities to stay healthy. Also, the lack of financial resources is a major obstacle to public health, leading to an increase in infectious diseases, which is a significant public health concern. Moreover, healthcare systems in most developing countries are plagued by the lack of skilled personnel, making it difficult for them to provide access to quality healthcare services such as bio-detection.
Countries such as Afghanistan and Bangladesh are grappling with the lack of technology and the appropriate policies to enable the delivery of healthcare services. The stigma or misconception about the gravity of conditions such as sexually transmitted diseases (STDs) further discourages any form of testing, including microbiology testing and the subsequent treatment of infectious diseases. Hence, all of the abovementioned factors will hinder the growth of the global market during the forecast period.
Key Bio-detection Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Bio-detection Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bertin Technologies SAS - The company operates under one segment. The company under this segment designs and manufactures measurement, observation, detection systems, and instruments for critical applications. The key offerings of the company include bio-detection.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the clinical segment will be significant during the forecast period. The clinical segment was a leading segment in the global market in 2022 owing to increasing demand from critically ill patients after the pandemic and the increasing geriatric population across the world.
Get a glance at the market contribution of various segments Request a PDF Sample
The clinical segment was valued at USD 4,396.92 million in 2017 and continued to grow until 2021. There are increasing cases of infectious diseases such as influenza and measles in developed and developing countries across the world, which, in turn, increases the demand for bio-detection in clinics. This will be the primary factor that will be responsible for driving the segment growth during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America was the largest revenue contributor to the global market in 2022, with the US being the leading country. The growing focus on drug and vaccine discovery and development, recent advances in biotechnology and pharmaceutical research, and the presence of several vendors in the country offering a wide range of bio-detection products are aiding the growth of the market.
The market in North America is led by the US and Canada owing to the increase in focus on drug discovery and development by several pharmaceutical companies, such as Novartis and Pfizer. R&D for drug development and diagnosis of diseases requires bio-detection products. The drug discovery market is expected to grow owing to the emergence of new fatal diseases, the high prevalence of infectious diseases such as respiratory infections and sexually transmitted diseases, and the increased demand for personalized medicines. Therefore, the increase in emphasis on the production of drugs has played a major role in the adoption of bio-detection in the region, which in turn, will boost the regional market growth during the forecast period.
In 2020, the COVID-19 pandemic negatively impacted the market in North America to some extent. However, since 2020, to detect the spread of infection, healthcare facilities' demand for bio-detection has increased, which sustained the growth of the market in the region. Moreover, in 2021, business and industrial activities resumed with the lifting of stringent lockdown restrictions owing to the availability of COVID-19 vaccines and the vaccination drives carried out by the governments of different countries. This resulted in the resumption of bio-detection operations with proper safety and precautions in clinics and hospitals, which has further increased the demand for bio-detection. Therefore, such factors will fuel the growth of the regional market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027.
|
Bio-detection Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
168 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 12.96% |
|
Market growth 2023-2027 |
USD 12,270.05 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
12.0 |
|
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
|
Performing market contribution |
North America at 41% |
|
Key countries |
US, Canada, Germany, UK, and China |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
20/20 GeneSystems Inc., 3M Co., Abbott Laboratories, AdVnt Biotechnologies LLC, Agilent Technologies Inc., Alexeter Technologies LLC, Bertin Technologies SAS, Bio Rad Laboratories Inc., Bruker Corp., Danaher Corp., F. Hoffmann La Roche Ltd., Illumina Inc., MBio Diagnostics Inc., Physical Sciences Inc., PositiveID Corp., Research International Inc., Response Biomedical Corp., Sense Biodetection Inc, Smiths Group Plc, and Thermo Fisher Scientific Inc. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
