Global Microbiology Testing Market Insights
The global Microbiology Testing market is estimated to grow at a substantial CAGR during the forecast period. Rising incidence of infectious diseases, outbreaks of epidemics and technological advancements in microbiology testing are the major factors driving the global market. Furthermore, there has been a significant rise in research activities in infectious diseases due to availability of public and private spending. Steady rise in healthcare expenditure in developed and developing countries is also expected to drive the microbiology testing market.
However, relatively high cost of microbiology testing equipment is expected to hinder growth in the market in developing nations with limited health infrastructure. Issues with respect to laboratory reimbursement are also projected to have a negative impact on the microbiology testing market.
Global Microbiology Testing Market: By Product Type
The global Microbiology Testing market can be classified based on type into Equipment and Reagents among others. The equipment segment is expected to hold the largest market share in terms of revenue during the forecast period. Increasing adoption of conventional laboratory instruments coupled with technological advancements in molecular techniques are some factors driving the market for microbiology testing equipment during the forecast period.
Global Microbiology Testing Market: By Application
The global Microbiology Testing market can be segmented on the basis of application into pharmaceutical, diagnostic, food & beverage testing, environmental and cosmetics among others. The pharmaceutical application segment is expected to hold the largest market share in terms of revenue due to multiple applications of microbial testing in diagnosis of respiratory diseases, bloodstream infections, gastrointestinal diseases, periodontal diseases and urinary tract infections among others.
Global Microbiology Testing Market: Regional Insights
North America is expected to dominate the microbiology testing market in terms of revenue, followed by Europe. This can be attributed to presence of multiple companies and institutions focused on microbiology testing. Further, growth in investment and availability of multiple testing facilities in the region are some factors expected to have a positive impact on growth in the global microbiology testing market.
Global Microbiology Testing Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Global Microbiology Testing Market: Share & Competitor Analysis
Some of the key players operating in the Microbiology Testing market are Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Abbott Laboratories, Becton Dickinson, Alere Inc., Roche Holding, Cepheid Inc, 3M Company, Accepta Ltd, Agilent Technologies Inc., Aquagenx Llc, and Avantor Performance Materials Llc among others.
In June 2017, Bio-Rad launched RT-PCR Assay Kit for detection of fatal viruses such as zika, dengue and chikungunya
In March 2017, Cepheid launched Xpert MTB/RIF Ultra for diagnosis of TB in children and patients with HIV
In January 2017, Abbott acquired St. Jude Medical.
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