Automated Microbiology MarketAnalysis 2016-2024
Based on end users, the global market for automated microbiology can be segmented into biotechnology industries and clinical laboratories. By diagnostic technologies, detection techniques, DNA sequencing, monoclonal antibodies, DNA and RNA probe technology, and immunoassays are some of the major segments. The detection techniques can be further classified into non-isotopic and radioactive methods. The DNA and RNA probe technology segment includes amplification methods and labeling techniques.
The report offers a succinct overview of the overall market landscape. The key challenges, growth drivers, recent developments, and growth opportunities in the global market for automated microbiology have been analyzed in the report. The Porter’s Five Force analysis is leveraged to assess the level of competition among the players. The market size, value chain analysis, market attractiveness, and technological advancements pertaining to the market have also been studied.
Global Automated Microbiology Market: Trends and Opportunities
The increasing demand for laboratory testing and the dearth of labor in the field of lab testing have been driving the growth of the global market for automated microbiology. The switch to liquid-based microbiology is one of the most influential technological innovations in the area of microbiology. Additionally, the rising number of patients who receive indwelling devices, which might lead to infection, has triggered the need for laboratory services. The aging workforce in laboratory testing, greater demand for high quality laboratory services, and increasing necessity of timely results will bring about the expansion of the global market for automated microbiology over the forthcoming period.
On the other hand, the hefty price tags and large footprints of these systems might hinder the growth of the market. The inadequate number of skilled professionals to handle these systems is another key restraint faced by the global market for automated microbiology. However, the emergence of new technologies such as liquid transport media, mass spectrometry, automated identification and susceptibility systems, and molecular techniques might lead to greater standardization of this technology, ensuring the market’s growth.
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New systems are increasingly being developed by leading companies to amplify their profit in the automated microbiology market. For instance, in April 2017, bioMérieux, a leading company offering in vitro diagnostics solutions, announced that it received the approval of the U.S. Food and Drug Administration (FDA) for its innovative, fully automated blood culture system. With BacT/ALERT® VIRTUO™, personnel of any skill level can handle the loading of bottles on the instrument, offering reduced hands-on time and quick incubation. The new system also features superior optics, high thermal stability, and powerful proprietary algorithms.
Global Automated Microbiology Market: Regional Outlook
By geography, the global market for automated microbiology has been segmented into Asia Pacific, Europe, North America, and the Rest of the World (RoW). North America is likely to emerge at the fore, driven by increasing incidence of diseases and disorders leading to a greater need for laboratory tests. The U.S. and Canada are likely to represent a significant portion of the market in North America. Europe will also register steady growth. The growing geriatric population and the high disposable incomes of the people in Europe and North America have been aiding the growth of the automated microbiology market in these regions.
Emerging economies such as Africa, Latin America, and Asia Pacific are slated for substantial growth during the forecast period. With the growing healthcare expenditures, supportive government initiatives, advancement of technology, and a stupendous patient pool, the automated microbiology market in these regions is likely to reach new heights. In October 2015, for instance, the first state-of-the-art automated microbiology laboratory was set up in Durban, Africa. This development brought the region one step closer to revolutionized patient diagnosis.
Companies mentioned in the research report
Beckman Coulter, Bio-Rad Laboratories, Inc., Affymetrix, Inc., Abbott Laboratories, bioMeriux, Inc., and Agilent Technologies, Inc. are some leading players operating in the global market for automated microbiology.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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