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(Medical-NewsWire.com, November 22, 2017 )
The microbiology testing market is expected to reach US$ 5409.1 million by 2023 and is projected to grow at a CAGR of 10.4% during the forecast period from 2017-2023.
The global Microbiology Testing Market has been evaluated as swiftly growing market and it is expected that the market will continue to grow similarly in the near future. Increasing prevalence of infectious diseases, changing disease pattern, and growing awareness are key driving forces for global microbiology testing market. Moreover, technological advancement, new techniques and methods, and changing medical sector, increasing funding for research is some factors leads the market growth.
Major Players in Microbiology testing Market:
There are plenty of large and small market players which operate in this market: Alere (US), BD (US), Beckman Coulter, Inc. (US), Biomérieux SA (France), Cepheid (US), F. Hoffmann-La Roche Ltd (Switzerland), Thermo Fisher Scientific Inc. (US
As the market for microbiology testing growing, the competition is also increasing and is getting more intense. Major companies are adopting a various strategies to enter and create unique space in this market. The different strategies used by the companies 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. Innovative and advanced product launch gives them edge over the competitors. Over the past few years, the microbiology testing market is also changing dramatically. All the solution providers are trying to meet the expectation of consumer that helps them to capture more market share. Some local players are also giving tough competition to the major brands by providing affordable products to the consumers. Major brands are focusing on developing regions like Asia-Pacific to expand their business. In developing nations like China and India, the market for microbiology testing is growing significantly.
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Global Microbiology testing Market has been segmented on the basis of type which comprise Instruments, Chemicals & Reagents, Consumables & Accessories, and others. On the basis of application, it is segmented into, Gastrointestinal Infections, Respiratory Infections, Urinary tract Infections, Sexually Transmitted Infections, Others. On the basis of end user, it is segmented into, Hospital based laboratory, Independent laboratory, and Academics & Research Institutes.
Considering the global scenario of the market, North America was holding largest market share of 37.9% in global Microbiology testing market in 2016. Asia-Pacific is second largest and fastest growing market in global Microbiology testing market. APAC is expected to grow at a CAGR of 12.1% during 2017-2023. Europe was second largest microbiology testing market and is expected to grow at a significantly during the forecast period. On the other hand. Middle East and Africa (ME&A) microbiology testing market was growing lower than global average and expected to grow at steady pace.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
Major Toc:
1 REPORT PROLOGUE
2 INTRODUCTION
2.1 Scope Of Study
2.2 Research Objective
2.3 Assumptions & Limitations
2.3.1 Assumptions
2.3.2 Limitations
3 RESEARCH METHODOLOGY
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1 Technological Advancements
4.2.2 Rising Cases Of Infectious Diseases
4.2.3 Surveillance Programs For Disease Control
4.2.4 Rising Stringency Of Standards
4.2.5 Weakness Of Traditional Laboratory Techniques
4.3 Restraints
4.3.1 Erroneous Results
4.3.2 High Cost Of Reagents And Instruments
4.4 Opportunities
4.4.1 Research And Development
4.4.2 Rising Grants, Collaborations And Partnerships
4.5 Challenges
4.5.1 Government Regulations And Policies
5 MARKET FACTOR ANALYSIS
…
….Continued
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Source: EmailWire.Com 
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