Renewed focus and importance on testing the quality and clinicalapplications of various products has provided new avenues for growth of theindustry for microbiology testing. Market reports linked to the healthcaresector along with published reports on other sectors have been lately madeavailable by Market Research Future, which has also published a report on thismarket. The industry is anticipated to achieve US$ 5409.1 million approximatelyin terms of revenue by the conclusion of the forecast period by 2023.
The demand for the microbiology testing sector can be attributed to the risein the number of its applications. Rising levels of diseases coupled withchanging patterns of the diseases have increased the necessity for developmentsin this sector. Enhanced research and knowledge will one of the key factorswhich are expected to bolster the development of the market in the forecastperiod.
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Industry Segments
The RapidMicrobiology Testing Market has been segmented on the basis of applicationthe market is segmented into respiratory infections, gastrointestinalinfections, sexually transmitted infections, urinary tract infections andothers. On the basis of type which comprises of consumables & accessories,chemicals & reagents, instruments, and others. The end user categoryfor microbiology testing market is segmented into independent laboratory, andacademics & research institutes.
Detailed Regional Analysis
Considering the worldwide condition of the market, the North American regionis holding the chief market share of 37.9% in global microbiology testingindustry in 2016. The Asia-Pacific region is the second biggest and rapidlygrowing industry in global microbiology testing market. The APAC region isestimated to expand at a CAGR of 12.1 percent through 2017 to 2023. TheEuropean region was the second major microbiology testing industry and isforecasted to grow at a considerable rate in the forecast period. On the otherhand, the Middle Eastern and African region is growing at global average and isprojected to grow at steady pace.
Global Competitive Analysis
The corporate strategy of the competitors in the market is focused currentlyon capitalizing the dynamic pace of technological innovations which have led toplenty of changes both in terms of product development and handlingcompetition. This particular trend has enabled portfolio improvement along withthe affinity for diversification in the sector, which has indirectly enabledthe players to use the valuable state of dealings available in this industry.The use of these prospects by contenders, who are trying to cultivate theirindustry stake by intensive expansion can stimulate the expansion of thisindustry. The companies are also moreover trying to create and capturefinancial in a suitable manner. This has elevated the potential for theforthcoming growth period significantly. The strategic decision-making processhas increased the productivity of companies so that they maintain theircompany’s liquidity and sustain feasible to take effective choices in terms ofstrategy designing and implementation.
Some of the important competitors in this industry are Biomérieux SA(France), Beckman Coulter, Inc. (US), Alere (US), BD (US), Cepheid (US), ThermoFisher Scientific Inc. (US) and F. Hoffmann-La Roche Ltd (Switzerland) toname a few.
Industry Updates:
Jan 2018 Eurofins Scientific which is a global leader infood testing services has announced the purchase of Food Analytica which is atop group of food testing laboratories located in Hungary. Food Analytica whichis one of the most contemporary microbiology laboratories in Eastern andCentral Europe, which offers its services to more than 400 clients in Romaniaand Hungary. They also provide a wide-ranging suite of food testing serviceswhich includes microbiology, molecular biology, grain studies, food and feedchemistry and sensory analyses. Furthermore, Food Analytica also delivers anextensive scope of environmental testing facilities to a vast range ofcustomers. The purchase of Food Analytica will additionally enhance Eurofins’geographical footprint in the feed and food testing market and will alsoprovide a platform with substantial inorganic and organic growth opportunities.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
1.1 MARKET SYNOPSIS 17
2 MARKET INTRODUCTION 18
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 RESEARCH OBJECTIVE 18
2.4 MARKET STRUCTURE 18
2.5 ASSUMPTIONS & LIMITATIONS 19
3 RESEARCH METHODOLOGY 20
3.1 DATA MINING 20
3.2 SECONDARY RESEARCH 20
3.3 PRIMARY RESEARCH 21
3.4 BREAKDOWN OF PRIMARY RESPONDENTS 22
3.5 FORECASTING TECHNIQUES 23
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 24
3.6.1 BOTTOM-UP APPROACH 24
3.6.2 TOP-DOWN APPROACH 25
3.7 DATA TRIANGULATION 26
3.8 VALIDATION 26
4 MARKET DYNAMICS 27
4.1 OVERVIEW 27
4.2 DRIVERS 28
4.2.1 INCREASING NUMBER OF INFECTIOUS DISEASES, INCLUDINGCOVID-19 28
4.2.2 GOVERNMENT AND PRIVATE FUNDS AS WELL AS SUPPORT FORRESEARCH & DEVELOPMENT 29
4.2.3 RISING NUMBER OF APPROVALS AND PRODUCT LAUNCHES 29
4.3 RESTRAINTS 30
4.3.1 LIMITED REIMBURSEMENT IN DEVELOPING REGIONS 30
4.3.2 LACK OF ACCURACY OF TESTS 30
4.4 OPPORTUNITIES 31
4.4.1 COLLABORATION OF MAJOR PLAYERS WITH SMALL PLAYERS 31
4.4.2 INCORPORATION OF INNOVATION TO THE PRESENTTECHNOLOGY 32
4.5 IMPACT OF COVID-19 ON THE GLOBAL MICROBIOLOGY TESTINGMARKET 32
4.5.1 OVERVIEW 32
4.5.2 IMPACT ON CLINICAL TRIALS 32
4.5.3 IMPACT OF MICROBIOLOGY TESTING TO DIAGNOSE COVID-1933
4.5.4 IMPACT ON TEST VOLUME, REVENUE, AND STAFFING 34
5 MARKET FACTOR ANALYSIS 35
5.1 PORTER’S FIVE FORCES MODEL 35
5.1.1 BARGAINING POWER OF SUPPLIERS 36
5.1.2 BARGAINING POWER OF BUYERS 36
5.1.3 THREAT OF NEW ENTRANTS 36
5.1.4 THREAT OF SUBSTITUTES 36
5.1.5 INTENSITY OF RIVALRY 36
5.2 VALUE CHAIN ANALYSIS 37
5.2.1 R&D AND DESIGNING 38
5.2.2 MANUFACTURING 38
5.2.3 DISTRIBUTION & SALES 38
5.2.4 POST-SALES MONITORING 38
5.3 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST) 39
5.3.1 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST),BY REGION, 2019 39
5.3.2 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST),BY TYPE, 2019 39
5.3.3 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST),BY PURPOSE, 2019 39
5.3.4 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST),BY SAMPLE TYPE, 2019 39
5.3.5 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST),BY LOCATION, 2019 40
5.4 NUMBER OF SPECIES ID TESTS 40
5.4.1 NUMBER OF SPECIES ID, BY REGION, 2019 40
5.4.2 NUMBER OF SPECIES ID, BY TYPE, 2019 40
5.4.3 NUMBER OF SPECIES ID, BY PURPOSE, 2019 40
5.4.4 NUMBER OF SPECIES ID, BY SAMPLE TYPE, 2019 41
5.4.5 NUMBER OF SPECIES ID, BY LOCATION, 2019 41
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