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9.4% CAGR growth by 2023 in Microbiology Testing Market| Major Vendor - BIO-RAD LABORATORIES Inc., THERMO FISHER SCIENTIFIC Inc., ABBOTT LABORATORIES, BECTON DICKINSON, ALERE Inc., BRUKER CORP, HOLOGIC CORPORATION, CEPHEID INC., amongst others.

01-07-2019 05:55 PM CET | Health & Medicine

Press release from: Market Prognosis

Market Analysis:

North America hold the major market

North-America held the largest market share in terms of revenue followed by Europe. North America accounts for the highest share among the regions in the global microbiology testing market, due to the presence of a large number of market-focused key players in the region, who are providing wide product portfolios, as well as the demand for high-quality and standardized products and services, which are essential to keep up with the pressure of international standards.

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The diseases such as HIV/AIDS, Hepatitis, severe acute respiratory syndrome (SARS), are some of the examples for rising incidence of the infectious diseases in the modern world. These infections will continue to emerge and increase in the coming years, which in turn, emphasize the urgent need for effective surveillance, control, and microbiology testing. Factors like technological advancements in microbiology testing, rising incidence of infectious diseases and outbreak of epidemics, growing healthcare expenditure and the rising private-public funding for research on infectious diseases are propelling the growth of the market.

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Market Segments:
Microbiology Testing Market is segmented by:
1. Application: Pharmaceutical Application, Diagnostic Application, Food & Beverage Testing Application, Environmental Application, Cosmetic Application, Others
2. Product: Equipment, Reagent
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January, 2017: Abbott completed the acquisition of St. Jude Medical, making the company a leader in in the medical device arena.
• June, 2017: Bio-Rad launched RT-PCR Assay Kit, for the detection of zika, dengue and chikungunya viruses
• March, 2017: Xpert MTB/RIF Ultra was launched by Cepheid, for better diagnosis of TB in children and people living with HIV.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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