Microbiology Testing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Microbiology Testing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Biotechnology | PPT format

Report Digest


Global Microbiology Testing Market: Snapshot

The global market for microbiology testing is estimated to expand at a promising pace in the next few years owing to the massive rise in the awareness level among patients about the variety of rampant chronic diseases, respiratory infections, and inflammatory conditions. Rapid developments in the field of testing equipment and data processing technologies have also massively favored the market in the recent years. In the next few years, favorable reimbursement policies and favorable economic conditions are expected to drive the market.

The growing prevalence of infectious diseases, outbreaks of epidemics, and most importantly, growing healthcare expenditure have resulted in a significant growth of the global microbiology testing market. Technological advancements, increasing funding, public-private investments in the field of life science researches, and research grants have resulted in higher efficiency, fueling the adoption of microbiology testing. In addition to these factors, a vast rise in the awareness among people in developing nations regarding sex-related health issues is also expected to drive the microbiology testing market.

The growing incidence of severe and fatal diseases such as HIV, human papilloma virus (HPV), and Hepatitis B and C is increasing the demand for microbiology testing. Improved hospital infrastructures and adequate management of threats of infectious diseases will also aid the market’s growth in the coming years. Additionally, microbiology testing enables effective communication between the doctor and microbiology laboratory.

Global Microbiology Testing Market: Overview

The growth of microbiology testing market is primarily driven by the recent technological advancements that have not only made the tests faster, they are more accurate now as well as affordable for a larger consumer base. In the medical field, microbiology has always been a branch of enthusiasm that has promised a lot as far as prevention, diagnosis, and treatment of infectious diseases is concerned. Bacteria, parasites, viruses, and fungi are four kind of microorganisms that cause infectious diseases, while microbiology also deals with clinical applications of microbes for health improvements. During the forecast period of 2017 to 2025, owing to its utter usefulness and recent technological advancements, the demand in the global microbiology testing market is expected to expand at a healthy rate.

Global Microbiology Testing Market: Key Trends

Apart from technological advancements that have significantly improved the efficiency of microbiology testing, introduction of new tests by some of the leading companies in the microbiology testing market are primed to positively influence the global demand. For example, Alere I aids medical professionals to detect and provide treatment for patients suffering from influenza, at a reduced cost. Consumers are now readily accepting microbiology testing as a result of its proven efficiency, and the shift from monoplex testing to multiplex testing is quite evident, which are two other important factors expected to favor the market in the near future.

Rising geriatric population who lack immunity and hence are more prone to infectious diseases, improving healthcare infrastructure across several emerging economies, rising disposable income among the consumers, and changing lifestyle with unhealthy eating are some of the other factors driving the global microbiology testing market. On the other hand, factors such as inadequate reimbursements, stringent government regulations, and intense competition among the vendors are expected to hinder the growth rate of microbiology testing market in the near future.

Based on application, the microbiology testing market can be segmented into traditional testing, point-of-care (POC) testing, and molecular diagnostics, while product-wise, this market can be categorized into bacterial testing, fungal testing, and viral testing. Hospitals, diagnostic laboratories, and academic and research institutes are some of the end-use segments of the global microbiology testing market.

Global Microbiology Testing Market: Market Potential

Strategic initiatives to explore new possibilities with microbiology testing is opening new opportunities for the players in this market, besides growing demand for point-of-care (POC) diagnostics, increasing preference for advanced molecular diagnostics by the patients, and growing demand for automated microbiology analyzers.

Global Microbiology Testing Market: Regional Outlook

Currently, developed regions of North America and Europe serve the maximum demand for microbiology testing, although emerging economies in Asia Pacific such as China, India, and Japan are expected to turn into vast lucrative regional market in the near future. The extended demand from Asia Pacific is attributed to expanding research capabilities of countries such as Japan and India, improving healthcare infrastructure, and availability of skilled labor in this region.

Global Microbiology Testing Market: Competitive Landscape

Becton Dickinson & Company, Thermo Fisher Scientific, Bio-Rad Laboratories, bioMérieux, and Danaher are some of the leading companies in a fragment competitive landscape of global microbiology testing market. There are several small-size vendors who control niche local markets, and in this scenario, product bundling is turning into a profitable strategy for the leading companies. Some of the other key vendors in this market are Abbott Diagnostics, Alere, Alcon Laboratories, Biomerica, Chembio Diagnostic Systems, DiagCor, Alcon Laboratories, Diamedix, Epitope Diagnostics, Fujirebio Diagnostics, Helena Laboratories, Gold Standard Diagnostics, Grifols, Hologic, Immunetics, Humor Diagnostica, InBios International, Maxim Biomedical, Landwind Medical, Meridian Bioscience, Nipro Diagnostics, Qiagen, Randox Laboratories, Roche Diagnostics, and Siemens Healthcare.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.