FEB 2019

Microbiology Testing Market - Growth, Trends, and Forecast (2019 - 2024)

The market has been segmented by Application, Product (Equipment and Reagent), and Geography

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Europe

Largest Market:

North America

Key Players:

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Market Overview

The propelling factors for the growth of the microbiology testing market include technological advancements in microbiology testing, rising incidences of infectious diseases and outbreak of epidemics, growing healthcare expenditure, and rising private-public funding for research on infectious diseases.

Infectious diseases, such as HIV, human papilloma virus (HPV), and hepatitis B and C, are some forms of STDs that are severe and fatal, and thus the increasing incidences of such diseases are increasing the demand for the microbiology testing market. Increasing healthcare expenditure and the presence of better medical infrastructures, such as hospitals and clinical labs, are some other drivers augmenting the growth of the microbiology testing market.

Rapid growth observed in the geriatric population, increasing number of clinical researches in the field of clinical microbiology, rising incidences of infectious diseases, and increased funding, research grants, and public-private investments are some of the factors that are driving the microbiology testing market.

Rapid technological advancements are also being witnessed across the world that are anticipated to drive the microbiology testing market in the upcoming years. There are emerging economies, such as India and China, which may offer new growth opportunities for the microbiology testing market over the forecast period.

Scope of the Report

As per the scope of the report, microbial testing is an analytical technique that is utilized to determine a number of microorganisms in food, beverages, biological samples, and environmental samples. The microbial testing technique employs chemical, biological, biochemical, or molecular methods to identify and quantify the microbes. It is one of the important processes carried out in medical, healthcare, and food industries for the prevention of future product damages.

By Application
Pharmaceutical Application
Diagnostic Application
Food and Beverage Testing Application
Environmental Application
Cosmetic Application
Other Applications
By Product
Equipment
Reagent
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Diagnostic Holds the Largest Revenue Share in the Applications and is Expected to do Same

The diagnostics segment is expected to account for the largest share of the microbiology testing market. Some of the key factors driving the growth of this segment are the increasing prevalence of infectious diseases, improving healthcare expenditure, and technological advancements.

The pharmaceutical application segment is also expected to dominate due to the presence of well-established and globally accepted regulations, which govern the evaluation of microbial contamination during pharmaceutical manufacturing and raw material sourcing processes.

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Europe Holds the Fastest Growth and is Expected to Follow the Same Trend Over the Forecast Period

The European region is expected to show the fastest growth for microbiology testing, and is anticipated to contribute notably toward the microbiology testing market over the forecast period. These can be attributed to the presence of advanced healthcare infrastructure in the region, along with various technological advancements witnessed in this region’s healthcare industry.

However, Asia-Pacific is also expected to grow in the upcoming future, due to the expanding R&D and innovative microbiology testing procedures and the increasing number of hospitals and testing laboratories.

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Competitive Landscape

The microbiology testing market has witnessed new product launches, mergers and acquisitions, partnerships, joint ventures, and strategies adopted by the major players to gain competitive advantage. The companies are also introducing advanced microbiological automated systems that have high throughputs and are less time-consuming.

Major Players

  1. Bio-Rad Laboratories Inc.
  2. Abbott Laboratories
  3. Becton Dickinson and Company
  4. Bruker Corporation
  5. F. Hoffmann-La Roche Ltd

* Complete list of players covered available in the table of contents below

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Download the market shares of key players in this industry.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Technological Advancements in Microbiology Testing

      2. 4.2.2 Rising Incidences of Infectious Diseases and Outbreak of Epidemics

      3. 4.2.3 Growing Healthcare Expenditure

      4. 4.2.4 Rising Private-Public Funding for Research on Infectious Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 Laboratory Reimbursement Issues

      2. 4.3.2 High Cost of Microbiology Instruments

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Pharmaceutical Application

      2. 5.1.2 Diagnostic Application

      3. 5.1.3 Food and Beverage Testing Application

      4. 5.1.4 Environmental Application

      5. 5.1.5 Cosmetic Application

      6. 5.1.6 Other Applications

    2. 5.2 By Product

      1. 5.2.1 Equipment

      2. 5.2.2 Reagent

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East & Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East & Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Bio-Rad Laboratories Inc.

      2. 6.1.2 Abbott Laboratories

      3. 6.1.3 Becton Dickinson and Company

      4. 6.1.4 F. Hoffmann-La Roche Ltd

      5. 6.1.5 Bruker Corporation

      6. 6.1.6 Hologic Corporation

      7. 6.1.7 Cepheid Inc.

      8. 6.1.8 Biomerieux SA

      9. 6.1.9 Thermo Fisher Scientific Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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