Global Medical Microbiology Testing Technologies Market: Demand for Automation in Microbiology Research Assures Growth, notes TMR Date: 03-16-2017 07:37 PM CET Category: Health & Medicine Press release from: Transparency Market Research
Transparency Market Research points out that the leading players operating in the global medical microbiology testing technologies market Abbott Laboratories, Agilent Technologies, Becton, Dickinson and Company, and Beckman Coulter, Inc. These players are focused on new product development, diversification, market development, penetration to retain their dominance over the forecast period. According to the research report, the global medical microbiology testing technologies market is expected to be worth US$3.4 bn by the end of 2024 from US$2.1 bn in 2015. During the forecast years of 2016 and 2024, the global market is expected to expand at a CAGR of 5.4% due to the increasing demand for automation in the field of medical microbiology. Download Exclusive Brochure of This Report : www.transparencymarketresearch.com/sample/sample.php?flag... Europe to Lead the Pack as Uptake of Technology Improves Geographically, this global medical microbiology testing technologies market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report suggests that Europe and North America will offer the global market lucrative opportunities in the near future. Europe is estimated to dominate the global market as the regional market expands at a CAGR of 4.8% between 2016 and 2024. The growing demand for improved microbiology technologies in the region is expected to boost the demand in the coming years. On the basis of indication, the global market for medical microbiology testing technologies is categorized into respiratory diseases, neurological diseases, infectious diseases, and others. Of all these segments, the infectious diseases segment is expected to acquire a share of 41% in the global market by the end of 2024 in terms of volume. The high incidence of infectious diseases across the globe is expected to drive this segment in the near future.
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