Renewed focus and importance on testing the quality and clinical applications of various products has provided new avenues for growth of the industry for microbiology testing. Market reports linked to the healthcare sector along with published reports on other sectors have been lately made available by Market Research Future, which has also published a report on this market. The industry is anticipated to achieve US$ 5409.1 million approximately in terms of revenue by the conclusion of the forecast period by 2023.
The demand for the microbiology testing sector can be attributed to the rise in the number of its applications. Rising levels of diseases coupled with changing patterns of the diseases have increased the necessity for developments in this sector. Enhanced research and knowledge will one of the key factors which are expected to bolster the development of the market in the forecast period.
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Industry Segments
The Rapid Microbiology Testing Market has been segmented on the basis of application the market is segmented into respiratory infections, gastrointestinal infections, sexually transmitted infections, urinary tract infections and others. On the basis of type which comprises of consumables & accessories, chemicals & reagents, instruments, and others. The end user category for microbiology testing market is segmented into independent laboratory, and academics & research institutes.
Detailed Regional Analysis
Considering the worldwide condition of the market, the North American region is holding the chief market share of 37.9% in global microbiology testing industry in 2016. The Asia-Pacific region is the second biggest and rapidly growing industry in global microbiology testing market. The APAC region is estimated to expand at a CAGR of 12.1 percent through 2017 to 2023. The European region was the second major microbiology testing industry and is forecasted to grow at a considerable rate in the forecast period. On the other hand, the Middle Eastern and African region is growing at global average and is projected to grow at steady pace.
Global Competitive Analysis
There are large number of companies involved in the development of the products, instruments, and test kits for the microbiology testing which are now being used in majority part of the developed countries. Global market for microbiology testing is majorly dominated by Biomérieux SA with more than 40% of market share in 2016.
Major companies are adopting a specific strategy to enter and create unique space in this market. The different strategies includes, product launch, agreement and collaboration, partnership and expansion, joint venture and strategic alliance etc. All major players are focusing on new product development to provide new and innovative solutions to the market.
Biomérieux SA offers a comprehensive range diagnostic solutions which include Microbiology lab instruments, reagents and software. The products of the company is mainly used for diagnosing infectious diseases. In 2016, BioMérieux announced the acquisition of Hyglos. With this acquisition, the company plans to strengthen its position in the market.
Some of the major developments in this segment came from the Roche Diagnostics. In April 2017, the company received FDA clearance for the CINtec Histology test. This test is the only clinically validated p16 biomarker test. The CINtec Histology test will help physicians make informed decisions as to the best course of care for patients with high-grade pre-cancerous cervical disease. Back in 2015, Roche acquired GeneWEAVE to strengthen offerings in microbiology diagnostics.
The global market consist of players such as Alere (US), BD (US), Beckman Coulter, Inc. (US), Biomérieux SA (France), Cepheid (US), F. Hoffmann-La Roche Ltd (Switzerland), and Thermo Fisher Scientific Inc. (US). These are the prominent players at the forefront of competition in the global microbiology testing market and are profiled in MRFR Analysis report.
Industry Updates:
Jan 2018 Eurofins Scientific which is a global leader in food testing services has announced the purchase of Food Analytica which is a top group of food testing laboratories located in Hungary. Food Analytica which is one of the most contemporary microbiology laboratories in Eastern and Central Europe, which offers its services to more than 400 clients in Romania and Hungary. They also provide a wide-ranging suite of food testing services which includes microbiology, molecular biology, grain studies, food and feed chemistry and sensory analyses. Furthermore, Food Analytica also delivers an extensive scope of environmental testing facilities to a vast range of customers. The purchase of Food Analytica will additionally enhance Eurofins’ geographical footprint in the feed and food testing market and will also provide a platform with substantial inorganic and organic growth opportunities.
LIST OF TABLES
TABLE 1 LIST OF ASSUMPTIONS& LIMITATIONS 19
TABLE 2 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 22
TABLE 3 NUMBER OF NEW INFECTIOUS DISEASES CASES IN THE US, BY TYPE (2017) 28
TABLE 4 NUMBER OF NEW CASES IN COUNTRIES AFFECTED BY COVID-19 AS OF 14TH JULY 2020 28
TABLE 5 APPROVED TESTS/ASSAYS 33
TABLE 6 GLOBAL MICROBIOLOGY TESTING MARKET, BY PRODUCT TYPE, 2017-2027(USD MILLION) 42
TABLE 7 GLOBAL MICROBIOLOGY TESTING MARKET, FOR INSTRUMENTS, BY TYPE, 2017-2027(USD MILLION) 43
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