The report is a crucial manual characterizes and briefs the readers about its items, particulars and applications. The examination records feature the key changing patterns received by the firm to keep up their predominance. The Microbiology Testing market research report helps market players to get a significant sharpness of upper hand that would assist them with staying in front of their rivals. By utilizing SWOT examination, the qualities, shortcomings, openings and dangers are referenced in this Microbiology Testing market report of all the key organizations. Immeasurably significant players in the worldwide market are plot with all the basic subtleties, for example, business outline, deals, contenders, applications and particulars.
The Global Microbiology Testing Market is expected to reach USD 5.61 billion by 2025, from USD 3.42 billion in 2017 growing at a CAGR of 6.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2016 and the forecast period is 2018 to 2025.
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Market Definition: Global Microbiology Testing Market
Clinical microbiology plays an important role in the health of individual persons and the communities in which they reside. Some of the microbes that live on or within the body are beneficial and help keep individuals healthy. Quick identification of disease causing organism in the clinical microbiology laboratory having great value for deciding best therapy for the patient optimum therapy for infection which is caused by virus, bacteria, fungi, parasites and micro bacteria. It also minimizes the risk of antibiotics. The switch to tailored therapy minimizes risks of antibiotics, namely, disruption of normal flora, toxic side effects, and selective pressure. Increase prevalence rate of microbial origin diseases leads to substantial growth in global microbiology testing market. For instance In 2016, according to world health organization 6.3 million new cases of TB were reported (up from 6.1 million in 2015), equivalent to 61% of the estimated incidence of 10.4 million; the latest treatment outcome data show a global treatment success rate of 83%, similar to recent years.
There have been tremendous technological advancements in the field of microbial testing in the last decade, For instance peptide nucleic acid ﬂuo-rescent in situ hybridization (PNA-FISH) and targeted real-time PCR such as GeneXpert assays have potential benefit in microbial testing.
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Major Market Drivers and Restraints:
- Technological Advancements in Disease Diagnostics
- Rising Incidence of Infectious Diseases and Growing Outbreaks of Epidemics recent technological advances.
- Increased Funding and Public-Private Investments
- Limited Reimbursement Policies for Microbiology Testing Procedures
Market Segmentation: Global Microbiology Testing Market
- The global microbiology testing market is segmented based on application, disease, product, end user and geographical segments.
- Based on application market is segmented into pharma, clinical, manufacturing, environment.
- On the basis of disease market is segmented into respiratory disease, STD, UTI.
- On the basis of product market is segmented into instrument, analyser and reagent.
- On the basis of end user market is segmented into hospital, diagnolab and academia.
- Based on geography the market report covers data points for 28 countries across multiple geographies, namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, South Africa and, Brazil among others. In 2017, North America is expected to dominate the market.
Major Market Competitors/Players:Global Microbiology Testing Market
Some of the major players operating in the global microbiology testing market are Biomérieux, Danaher Corporation, Becton, Dickinson and Company, Abbott, Roche Diagnostics (A Subsidiary of F. Hoffmann-La Roche Ltd.) , Bruker , Hologic, Bio-Rad, Qiagen, Thermo Fisher Scientific, Agilent, Merck KGaA, Shimadzu, 3M, Neogen, Aquagenx Llc, Avantor Performance Materials Llc, Dhler Gmbhare amongst others.
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- Current and future of global microbiology testing market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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