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E. Coli Testing Market is Expected to Reach US$ 2.36 Bn by 2025

09-10-2018 11:27 AM CET | Health & Medicine

Press release from: Transparency Market Research

Transparency Market Research

Transparency Market Research

The global E. coli testing market is decently competitive, mainly as six key players held about 57.0% of total shares in 2016, observes Transparency Market Research on the basis of a recently published report. With new players entering the market on a regular basis, the vendor landscape has become substantially fragmented in recent times. Extensive focus on developing improved testing methods, launching innovative technologies, and regulating service costs are three key strategies implemented by most players in the global E. coli market.

Report Overview @ https://www.transparencymarketresearch.com/e-coli-testing-market.html

Capitalizing on new trends and opportunities in several regions has caused many players to gain a competitive edge over others. Participating in valuable mergers & acquisitions to take over small, regional players also are other key strategies implemented by several companies in the E. coli testing market. Alere Inc., Dickinson and Company, BioMerieux Inc., NanoLogix, Inc., Meridian Bioscience, Inc., Thermo Fisher Scientific, Inc., Becton, Bio-Rad Laboratories, Inc., CPI International, Inc., Pro-Lab Diagnostics, Inc., and DEXX Laboratories, Inc., are prominent players operating in the global E. coli testing market.

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The global E. coli testing market was valued at US$1.18 bn in 2016 and is projected to rise at an impressive CAGR of 8.0% from 2017 to 2025. Expanding at this pace, the opportunities in the market is anticipated to reach US$2.36 bn by the end of the forecast period.

Prevalence of Unhygienic and Unclean Environments Makes E. Coli Bacteria Spread Fast

The E. coli bacteria commonly grow in hospital and community-based environments. The bacterium can be easily acquired by anyone spending substantial time in such spaces. Un-cleanliness kept in these environments causes the bacterium to further mushroom with regards to its spread. Thus, a lack of cleanliness and a general disregard of maintaining hygiene has been chiefly responsible for driving the global E. coli testing market. Rising concerns about anti-microbial resistance acquired by those affected is also driving the global E. coli testing market, by triggering extensive research on the bacterium, especially with regards to its resistance power. In contrast, notable susceptibility of the bacterium against penicillin and amoxicillin antibiotics has made drug vendors expand research and drug production activities to tackle E. coli outbreaks.

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High Costs of E. Coli Treatments Dampen Growth

However, high costs of E. coli treatments is notably hampering the E. coli testing market, mainly by discouraging those having less disposable income. Many underdeveloped and remote regions depict a lack of healthcare experts, consequently restraining the market’s growth. Nevertheless, extensive research and innovations are being carried out by several players, and this is expected to reduce the restraints up to a certain extent.

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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.

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