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Global Microbiology Testing Market is expected to reach US$ 5409.1 million by 2023:Top key players are bioMerieux. ,Bio-Rad Laboratories. ,Danaher. ,Thermo Fisher Scientific

Press Release

Description

Global scenario of the Microbiology testing market, this market is one of the fastest growing market and expected to continue its growth near future. The total market for Microbiology testing was US$ 2724.1 million in 2016 and expected to reach US$ 5379.1 million by 2023. While considering the segments, Chemicals & Reagents was holding largest market share that was about 42.7% in 2016. The growth of the microbiology testing market has been attributed to epidemic outbreaks, increased infectious disease cases, and a shot in the arm for life science research through funding and investments. The Asia-Pacific regions are expected to surpass their counterparts and current powerhouses in the market, Europe and North America, during the given forecast period.

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Market Dynamics

MARKET DRIVERS:
Automation of pathogen identification.
Epidemic Outbreaks of the likes of Ebola and Zika.
Health consciousness among the people and subsequent expenditure.
Rising funding and initiatives for research on infectious diseases.

MARKET RESTRAINTS:
Strict regulatory policies for medical devices.
Highly expensive lab equipment.
Reimbursement issues

Market Segmentation

The global microbiology testing market can be segmented on the basis of:
Instruments: dispensers and labelers, dilution machines, automated microbiology. The instrument segment holds the highest market share due to the high cost of instruments and the ever-increasing industry automation.

Consumables: kits and reagents. The reagents segment is expected to grow at the highest rate among all others because of the increasing availability of pathogen-specific reagents.Targeted investments for research into specific infectious diseases via public-private partnerships has also given a boost to this segment.

Applications: pharmaceuticals, clinics, food and energy. The pharmaceuticals segment shows the highest share in the microbiology testing market due to the increase in the number of FDA and MHRA approved testing laboratories. The laboratories test pharma products and their ingredients. Food application is also projected to be promising in the forecast period.
Disease Area:Respiratory, gastrointestinal, sexually transmitted and periodontal diseases, and urinary and bloodstream infections.

Geographical Analysis

The global microbiology testing market has been segmented into North America, Europe, Asia-Pacific and Rest of the World.
North America: Accounts for the highest market among these. This market share can be explained by the fact that North America houses the cream of the big players of this market. Market-focused products and a wide product portfolio of these companies can be attributed to their success. Europe follows on the heels of North America. The legality of corporate lobbying is also a major factor in overcoming regulatory issues in the USA.

Asia-Pacific: Emerging Asian and Latin-American economies are expected to show the highest growth rate in the forecast period. This can be accounted by the rising number of new laboratories and the automation of present ones. Increasing number of major healthcare chains and higher government spending are also helping the cause. Another important fact being the excessive population and the enhanced chances of spread of infectious diseases.

Global scenario of the market, North America was holding largest market share of 36.7% in global Microbiology testing market in 2016. Asia-Pacific is second largest and fastest growing market in global Microbiology testing market. APAC is expected to grow at a CAGR of 12.1% during 2017-2023. Europe was second largest microbiology testing market and is expected to grow at a significantly during the forecast period

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Key Players

Becton, Dickinson and Company.
bioMerieux.
Bio-Rad Laboratories.
Danaher.
Thermo Fisher Scientific.

Report ContentsRegional AnalysisReport Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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