openPR Logo
Press release

Medical Microbiology Testing Technologies Market is Expected to Expand at a CAGR of 5.4% Between 2016 and 2024

10-04-2019 02:19 PM CET | Health & Medicine

Press release from: Transparency Market Research

Medical Microbiology Testing Technologies Market

Medical Microbiology Testing Technologies Market

Global Medical Microbiology Testing Technologies Market: Snapshot

Rapid identification of microorganisms in medical microbiology can be of great value for selection of ideal treatments for patients for infections caused by bacteria, viruses, fungus, mycobacterium, and parasites. It enables actual reduction from conventional broad spectrum antimicrobial agents to specific targeted antimicrobial therapy. The various advantages associated with medical microbiology testing technologies over conventional manual systems, such as automated microscopy and serological testing have been the primary growth drivers for the global medical
microbiology testing technologies market.

Report Overview @

According to the research report, the global medical microbiology testing technologies market was valued at US$2.1 bn in 2015 and is expected to reach US$3.4 bn by the end of 2024. The global market is expected to expand at a CAGR of 5.4% between the forecast years of 2016 and 2024.

Need for Testing among Geriatrics to Drive Global Market

The various advantages of medical microbiology testing technologies are the introduction of automation in clinical microbiology. Prior to these technologies, the sector entirely depended on highly skilled manpower to receive, process, and interpret the outcomes from a wide variety of clinical specimens with limited aid from automation, which was subject to the risk of human error.

Increasing outbreak of various diseases, rising incidence of infectious diseases, public-private investments in the field of life science research and increasing funding and research grants are the major factors driving growth of the market for medical microbiology testing technologies. Testing volumes on the whole are expected to increase by 10 to 15% every year for the next 20 years as number of geriatrics in need of health care continue to rise.

Request Sample @

Depending on the type of technology used in the medical microbiology testing technologies market, medical microbiology testing technologies are segmented into microscope, serological tests, and cell culture. Although the industry is witnessing increasing use of automated medical microbiology testing technologies by many end users for clinical specimen testing, hospitals and diagnostic centers are still considered as the key revenue-generating segments. These are thus likely to continue the lead in the coming years. This is attributed to the changing perception of people as well as healthcare practitioners.

Asia Pacific to Follow Europe’s Lead during Forecast Period

In terms of geography, Europe claimed the largest regional share for medical microbiology testing technologies in terms of revenue. However, during the forecast period, the market in Asia Pacific for medical microbiology testing technologies will exhibit the highest market growth at a CAGR of 7.3%. High conversion rate from traditional testing methods to new advanced testing technologies is the key factors projected to trigger the market growth in APAC.

The Asia Pacific region is also expected to lead product development and adoption of newer technologies. Improving economic conditions leading to increased purchasing power, increasing awareness regarding the benefit of testing technologies, and the presence of a large pool of patients suffering from various chronic diseases, the market is expected to grow at a double digit rate.

The key players operating in the global medical microbiology testing technologies market are Agilent Technologies Inc., Becton, Dickinson & Company, Beckman Coulter Inc. (A Danaher Company) Biomerieux SA, Bio-Rad Laboratories Inc., and Roche Holding AG.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453

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.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medical Microbiology Testing Technologies Market is Expected to Expand at a CAGR of 5.4% Between 2016 and 2024 here

News-ID: 1843336 • Views: 112

More Releases from Transparency Market Research

Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ Increasing demand of flavored syrups especially among the consumers contributes to the

All 5 Releases

More Releases for Testing

Software Testing Company
QA Mentor is a global leader in Software Quality Assurance and Testing space. Serving 260 clients from Fortune 500 to start ups in 28 countries, QA Mentor supports applications in 9 different industries. With unique products propositions from a crowdsourcing platform with a pool of 12,000 crowdsourced testers to a test management platform, unique and economical services offerings and QA education from e-learning and corporate training. QA mentor is software testing
Herpes Markers Testing Market
According to the latest market report published by Persistence Market Research titled ‘Herpes Marker Testing Market: Global Industry Analysis (2012 – 2016) & Forecast (2017 – 2025)’, the global market is expected to be valued at US$ 481.8 Mn by 2025 and expand at a CAGR of 6.1% over the forecast period (2017–2025). The overall market is anticipated to grow 1.7x in terms of value over the forecast period. Market Dynamics Certain
Leak Testing 101
Learn the Who What When Where Why and How's of Leak Testing! What is leak testing? Leak testing is a form of non-destructive quality control testing that tests manufactured parts to make sure fluids can’t leak into or out of the part. When is leak testing used? When people think of leak testing, they may think of a leaky water bottle or a gas tank, but there are many less obvious applications from all
Cannabis Testing Market
Cannabis is a flowering plant predominantly found is Africa, Asia, and the Americas. Cannabis is non-conventionally used as a hemp fiber, hemp oils, used for medicinal resolutions, and as a frivolous drug. Industrial hemp crops are produced from the cannabis plants, which produce a plenty of fiber. To gratify the UN Narcotics Convention, some of the cannabis strains are raised to produce nominal levels of tetrahydrocannabinol, the main psychoactive component.
Test Automation Market Segments: web services testing, acceptance testing, compa …
The “Test Automation Market” report provides analysis of the global test automation market for the period 2014–2024, wherein the years from 2016 to 2024 is the forecast period and 2015 is considered as the base year. The report precisely covers all the major trends and technologies playing a major role in the test automation market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to
Performance Testing Services India
Texas (USA), Canada (Toronto) & India (Business Network) : Suma Soft specializes in delivering efficient Performance Testing Services in India that solve performance defects and are designed to meet demands at any stage of the software development life cycle. Our testing team helps clients determine how a system performs in terms of responsiveness and stability of an application under particular load. By conducting extensive research, our experienced testers develop testing