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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Increasing Government Investments Boost Global Market The growing government investments in the research of life sciences and biological and medical sciences are largely responsible for the accelerated pace of growth of the overall market. The report predicts that government investments are likely to continue in the coming years as this research is characterized by high risk and long duration, which makes it unattractive for companies looking to make quick profits. The market is also expected to be driven by the high prevalence of infectious diseases and emerging infectious diseases, especially among the population of the developing nations. The commonly seen infectious diseases affecting individuals across the globe are impetigo, urinary tract infections, and pneumonia. Furthermore, the growing demand for automation in medical microbiology for specimen management, nucleic acid amplification, identification, microbial detection, and susceptibility testing is also estimated to benefit the global market. High Costs and Complex Procedures Restrain Global Market The global medical microbiology testing technologies market is being restrained by the high cost associated with various types of media. Analysts anticipate that the global market will also be held back due to the complexities involved in sample preparation techniques. The premium pricing of using medical microbiology technologies are also projected to limit the growth of the global market through the forecast period. Lastly, the impact of point-of-care testing is also proving to be a negative one on the overall market. This review is based on Transparency Market Research’s review, titled “Medical Microbiology Testing Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024.” Browse Global Strategic Business Report: www.transparencymarketresearch.com/microbiology-testing-t... The market has been segmented as below: Global Medical Microbiology Testing Technologies Market – By Indication Respiratory Diseases Neurological Diseases Infectious Diseases Others Global Medical Microbiology Testing Technologies Market – By Technology Cell Culture Microscopy Serology Global Medical Microbiology Testing Technologies Market – By Application Diagnostic Treatment Monitoring Global Medical Microbiology Testing Technologies Market – By End User Hospital Labs Pathology Labs Research Institutes Others Global Medical Microbiology Testing Technologies Market – By Region North America U.S. Canada Latin America
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Brazil Mexico Rest of Latin America Europe Germany UK France Italy Spain Rest of Europe Asia Pacific (APAC) China India Japan Australia New Zealand Rest of Asia Pacific Middle East and Africa (MEA) Saudi Arabia UAE RSA Rest of MEA About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement. US Office Contact 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: www.transparencymarketresearch.com You can find this press release here
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