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MarketersMEDIA / Newsroom / Global Microbiology Testing Market Estimated to be worth US $ 5409.1 mn by the end of 2023

Global Microbiology Testing Market Estimated to be worth US $ 5409.1 mn by the end of 2023

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MRFR is the Leading Brand in The Research Company who Recently Published Microbiology Testing Market Research Report which includes Study of growth, Regional Analysis, Top Industry Players Formation, Major Drivers, Upcoming Trends and Forecast to 2023

— Market Scenario

The study of microbial germs and their clinical applications for the improvement of health is defined as microbiology testing. Market Research Future (MRFR) has published and released a research report on the global microbiology testing market that estimates massive enlargement for this market at 12.1% CAGR (Compound Annual Growth Rate) between 2017 and 2023. With regards to value, the market has been anticipated to be worth the US $ 5409.1 mn by the end of forecast period.

The key factor supporting the global microbiology testing market growth is the increasing prevalence of various infectious diseases. The global microbiology testing market has been segmented into application, end user, product type, and lastly, region. The application-based segmentation of this market comprises of gastrointestinal infections, respiratory infections, sexually transmitted infections, urinary tract infections, and others.

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On the basis of end users, the market has been segmented into academics & research institutes, hospital-based laboratory, and independent laboratory. Based on product type, the market has been segmented into chemicals & reagents, consumables & accessories, instruments, and others.

The regional segmentation of the global microbiology testing market can segment the global market into regional markets by the names of Asia Pacific, North America, Europe, and the Middle East & Africa (MEA). In 2016, North America held the largest share market in the global market which was 37.9%. During the forecast period, North America is expected to continue as the largest regional market because the advanced medical facilities are available in this region and support from government regarding investment on the research & development (R&D) is available. The indispensable country-specific markets in this region are USA and Canada. Many key market players are based in North America, especially in the USA.

In 2016, Europe was the second largest microbiology testing market. During the forecast period, there are expectations regarding steady and positive market growth. However, Europe may not retain its spot by the end of forecast period. European government support R&D investment in the medical sector and in terms of technological advancement in the medical sector, Europe is second only to North America. This makes Europe an important regional market. The most significant country-specific markets in this region are France, Germany, Italy, Spain, and the UK, followed by the remaining countries of Europe.

Right now, Asia Pacific is the second largest and fastest growing market in the global microbiology testing market this is to continue till the end of forecast period. This market is expected to grow at 12.1% CAGR between 2017 and 2023. The priority country-specific markets in this region are Australia, China, India, South Korea, and Japan, followed by the remaining countries of the Asia Pacific region.

The MEA region has the least market share due to poor countries, lack of awareness, lack of education, low standard of medical facilities, lack of advanced technology, lack of healthcare facilities, and majority governments not considering healthcare a priority. In this region, the primary country-specific markets are Egypt, Saudi Arabia, and UAE, followed by the remaining countries of the MEA region.

Key Players

The key players in the global microbiology testing market include Alere (USA), Beckman Coulter Inc. (USA), Becton Dickinson (BD) (USA), Biomérieux SA (France), Cepheid (USA), F. Hoffmann-La Roche Ltd (Switzerland), and Thermo Fisher Scientific Inc. (USA).

Latest Industry News

Leading small molecule innovator and generic Active Pharmaceutical Ingredients (APIs) manufacturer Cambrex Corporation, who also specialize in finished dosage forms, has acquired Avista Pharma Solutions (“Avista”), a contract development, manufacturing, and testing organization, from Ampersand Capital Partners. Avista is also a microbiology testing leader. 2 JAN 2019
Clear Safety, the flagship product of Clear Labs has received AOAC Performance Tested certification for Salmonella enterica Clear Labs is a unique automated and intelligent next-generation sequencing (NGS) platform purpose-built for food safety testing. Clear Safety combines advanced microbiology, data science, robotic automation, software analytics, and state-of-the-art NGS sequencing, to not only to lower the costs significantly but to also achieve greater than 99.9% accuracy. 4 DEC 2018

Browse Complete 129 Pages Premium Research Report Enabled with 129 Respective Tables and Figures @ https://www.marketresearchfuture.com/reports/microbiology-testing-market-697

Detailed Table of Contents:

1  Report Prologue

2  Introduction

2.1 Scope Of Study 17

2.2 Research Objective 17

2.3 Assumptions & Limitations 17

2.3.1 Assumptions 17

2.3.2 Limitations 17

2.4 Market Structure 18

3  Research Methodology

3.1 Primary Research 21

3.2 Secondary Research 21

3.3 Market Size Estimation 21

3.3.1 Market Share Analysis 22

3.4 Market Pricing Approach 23

4 Market Dynamics

4.1 Introduction 

4.2 Drivers 

4.2.1 Technological Advancements 

4.2.2 Rising Cases Of Infectious Diseases 

4.2.3 Surveillance Programs For Disease Control 

4.2.4 Rising Stringency Of Standards 

4.2.5 Weakness Of Traditional Laboratory Techniques 

...Continued!

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Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Website: https://www.marketresearchfuture.com/reports/microbiology-testing-market-697

Source URL: https://marketersmedia.com/global-microbiology-testing-market-estimated-to-be-worth-us-54091-mn-by-the-end-of-2023/466463

Source: MarketersMedia

Release ID: 466463

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