The Microbiology Testing Market – Worldwide Growth, Trends and Forecasts (2019-2024) – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Microbiology
Testing Market – Growth, Trends, and Forecast (2019 – 2024)”
report has been added to ResearchAndMarkets.com’s
offering.

The Microbiology Testing Market is expected to register a CAGR of nearly
9.4% during the forecast period, 2019-2024.

The propelling factors for the growth of the microbiology testing market
include technological advancements in microbiology testing, rising
incidences of infectious diseases and outbreak of epidemics, growing
healthcare expenditure, and rising private-public funding for research
on infectious diseases.

Infectious diseases, such as HIV, human papilloma virus (HPV), and
hepatitis B and C, are some forms of STDs that are severe and fatal, and
thus the increasing incidences of such diseases are increasing the
demand for the microbiology testing market. Increasing healthcare
expenditure and the presence of better medical infrastructures, such as
hospitals and clinical labs, are some other drivers augmenting the
growth of the microbiology testing market.

Rapid growth observed in the geriatric population, increasing number of
clinical researches in the field of clinical microbiology, rising
incidences of infectious diseases, and increased funding, research
grants, and public-private investments are some of the factors that are
driving the microbiology testing market.

Rapid technological advancements are also being witnessed across the
world that are anticipated to drive the microbiology testing market in
the upcoming years. There are emerging economies, such as India and
China, which may offer new growth opportunities for the microbiology
testing market over the forecast period.

Key Market Trends

Diagnostic Holds the Largest Revenue Share in the Applications and
is Expected to do Same

The diagnostics segment is expected to account for the largest share of
the microbiology testing market. Some of the key factors driving the
growth of this segment are the increasing prevalence of infectious
diseases, improving healthcare expenditure, and technological
advancements.

The pharmaceutical application segment is also expected to dominate due
to the presence of well-established and globally accepted regulations,
which govern the evaluation of microbial contamination during
pharmaceutical manufacturing and raw material sourcing processes.

Europe Holds the Fastest Growth and is Expected to Follow the Same
Trend Over the Forecast Period

The European region is expected to show the fastest growth for
microbiology testing and is anticipated to contribute notably toward the
microbiology testing market over the forecast period. These can be
attributed to the presence of advanced healthcare infrastructure in the
region, along with various technological advancements witnessed in this
region’s healthcare industry.

However, Asia-Pacific is also expected to grow in the upcoming future,
due to the expanding R&D and innovative microbiology testing procedures
and the increasing number of hospitals and testing laboratories.

Competitive Landscape

The microbiology testing market has witnessed new product launches,
mergers and acquisitions, partnerships, joint ventures, and strategies
adopted by the major players to gain competitive advantage. The
companies are also introducing advanced microbiological automated
systems that have high throughputs and are less time-consuming.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Technological Advancements in Microbiology Testing

4.2.2 Rising Incidences of Infectious Diseases and Outbreak of Epidemics

4.2.3 Growing Healthcare Expenditure

4.2.4 Rising Private-Public Funding for Research on Infectious Diseases

4.3 Market Restraints

4.3.1 Laboratory Reimbursement Issues

4.3.2 High Cost of Microbiology Instruments

4.4 Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Application

5.1.1 Pharmaceutical Application

5.1.2 Diagnostic Application

5.1.3 Food and Beverage Testing Application

5.1.4 Environmental Application

5.1.5 Cosmetic Application

5.1.6 Other Applications

5.2 By Product

5.2.1 Equipment

5.2.2 Reagent

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 Middle East & Africa

5.3.5 South America

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Bio-Rad Laboratories Inc.

6.1.2 Abbott Laboratories

6.1.3 Becton Dickinson and Company

6.1.4 F. Hoffmann-La Roche Ltd.

6.1.5 Bruker Corporation

6.1.6 Hologic Corporation

6.1.7 Cepheid Inc.

6.1.8 bioMerieux S.A.

6.1.9 Thermo Fisher Scientific Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/research/h5q4km/the_microbiology?w=4

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