Animal Genetics Market 2019 – Leading Manufactures, Regions, Drivers, Analysis And Forecasts Till 2023

 Market Scenario:

Animal genetics is a branch of genetics that pacts with the study of genetic variation and inheritance, primarily for domestic and wild animals. The Animal Genetics Market is expected to witness tremendous growth owing to as increased adoption of genetic services to prevent genetic diseases and business loss, and rising acceptance of advanced genetic technologies. Other key factors such significant investments in R&D and expansions undertaken by key players are contributing towards the growth of the market. However, challenges such as need for specific breeding programs for breeds with inferior economic performance, and economic sustainability in local breeds is likely to curb the market growth during the forecast period.

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For the commercial level, animal genetics is used for services such as DNA typing, genetic disease testing, and genetic trait testing. This methodology uses hybrid population, ontogenetic, and cytological studies for determining the genetic hybridizations. For instance, a genetically modified cow might be able to produce more milk and can be less prone to common cattle diseases, such as clostridial disease, bovine respiratory disease complex, etc., thus, effectively increasing overall profit of the cattle farmers.

The Global Animal Genetics Market size is projected to register a CAGR of 8.4% over the forecast period.

The key factor responsible for influencing this market is increasing consumption of animal-derived protein, growing global population and rapid urbanization, and growing focus on identifying superior breeds have aided the growth of the toxicology testing market. However, factors such as, the high cost of animal testing, stringent regulatory framework for genetic engineering, and lack of skilled professionals and are expected to restrict the market growth during the forecast period.

Key players:

• Neogen Corporation (US),
• Genus (UK),
• URUS (US),
• EW Group (Germany),
• Groupe Grimaud (France),
• CRV Holding B.V. (The Netherland),
• Topigs Norsvin (Netherlands),
• Zoetis (US),
• Envigo (US)
• Hendrix Genetics BV (The Netherland),
• Animal Genetics (US),
• Alta Genetics (US),
• vetGen (US)

Segmentation:
The Animal Genetics Market Global is segmented into animal genetic products, services, and end-user. The Animal Genetics Market, by animal genetic products, the market is segmented into genetic materials and live animals. The live animals are further bifurcated into poultry, bovine, porcine, canine and others. The genetic materials are sub-segmented into semen and embryo. On the basis of services, the animal genetics market is bifurcated into genetic disease tests, DNA typing, gene trait tests, and others. On the basis of end-user, the market is segmented into veterinary hospitals & clinics, diagnostic centers, research centers and institutes, and others

Regional Market Summary 

The Americas is the largest in the market owing to the high acceptance of animal genetics in research, the development in research expenditure along with the increasing acquisition by the market players are also accountable for the growth of the animal genetics market. For instance, in 2018, Neogen completed the acquisition of Livestock Genetic Services, a firm that specializes in genetic evaluations and data management for cattle-breeding organizations. This strategy enhances the company’s in-house genetic evaluation capabilities and further expands the company’s global network of animal genomics laboratories.

The European region is the second largest animal genetics market over the forecast period due to high consciousness about animal wellbeing coupled with increased expenditure on veterinary services in the region. As per a report by the European Pet Food Industry Federation, more than 75 million households in Europe own a pet.

The Asia Pacific region is likely to develop at the uppermost CAGR for the animal genetics market in the years to come. Moreover, the rising veterinary care services both at the veterinary hospital and at community level are expected to influence the market in a positive way.

The Middle East and Africa accounts for the least share due to low per capita income and lack of availability of well-trained healthcare professionals. However, there has been an increasing demand for test accuracy and consistency among end-users and the government in this region that is enhancing the adoption of animal genetic technology in this region.

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Particle Therapy Market Leading Particle Therapy Market Key Developments Trends, Analysis And Forecasts Till 2023

 Market Scenario:

Particle therapy is one of the world's most advanced areas of external beam radiation therapy applied to oncology. This technique saves healthier radiation tissue better than conventional photon therapy. These particles have more favorable physical intrinsic properties that reduce the intake dose to approximately 50% of the dose in a clinically relevant target.

The Global Particle Therapy Market Forecast 2023 is accounted for USD 790.45 million in 2017 and expected to register 9.1% CAGR during the forecast period (2018–2023). 

The rising prevalence of cancer population, low risk of treatment induced disorders, potential for retreatment owing to low radiation dose, and rising number of particle therapy centers across the world are expected to drive the growth of the Particle therapy market share. Moreover, rising R&D spending and aggressive strategies adopted by the top players such as new product launches are contributing to the growth of the market. For instance, in December 2017, Advanced Oncotherapy plc announced that it secures the fresh funding of USD 46.75 million from which USD 37.5 million of funds coming from a new Chinese investor. The lack of adequate reimbursement policy and high costs involved in the establishment of these centers may hamper the growth of the particle therapy market size during the assessment period.

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Key Players

Some of the key players in the global particle therapy market are Advanced Oncotherapy PLC., Danfysik A/S, Hitachi, Ltd., Ion Beam Applications Sa (IBA), Mevion Medical Systems, Inc., Optivus Proton Therapy, Inc., Protom International, Inc., Provision Healthcare, LLC, Sumitomo Heavy Industries, Ltd., Varian Medical Systems, Inc.

Regional Analysis:

The market is likely to dominate by Americas during the forecast period owing to the increasing prevalence of cancer patients, rising government focused towards establishment of particle therapy centers for treatment, and well-established healthcare sector in the region. The European market is expected to be the second-largest due to government funding and support of the healthcare sector, coupled with increasing research and development. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to technological development, increasing adoption of advance treatment from developed countries, and favorable government initiatives for healthcare facilities. The market in the Middle East & Africa is likely to account for the smallest share of the global particle therapy market.

Segmentation:

The Global Particle Therapy Market has been segmented on the basis of type, product & service, cancer type, system, and application.On the basis of type, the market has been classified as proton therapy and heavy ion therapy. The market, by product and services, has been segmented into products and services. Products are further segmented into cyclotrons, synchrotrons, and synchrocyclotrons. Based on cancer type, the market has been segmented into prostate cancer, lung cancer, pediatric cancer, head and neck cancer, breast cancer, and others. The market, by system, has been segmented into multi-room systems and single-room systems. On the basis of application, the market has been classified as treatment applications and research applications. The pediatric cancer segment is expected to hold the largest market share of the particle therapy market, by cancer type, during the forecast period. Also, research applications to register the highest CAGR in the global particle therapy market during the forecast period.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The particle therapy market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada. The European particle therapy market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The particle therapy market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The particle therapy market in the Middle East & Africa has been segmented into the Middle East and Africa. 

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Hemorrhoids Treatment Market Forecasts By Industry Drivers, Regions Till 2023

 Market Scenario:

The prevalence of hemorrhoids is found particularly between the age of 45 and 65, both in men and women. However, only a small percentage of the affected population seek any form of medical treatment like medication or surgery and instead opt for relief pills purchased from pharmacies.

Hemorrhoid is a highly uncomfortable disorder which is also known as piles. The condition is so subtle yet dangerous that most people under the age of fifty are unaware of the same. Hemorrhoids are inflamed, swollen veins situated in the anal canal and causes a strong sense of irritation in the form of both pain and itchiness. Patients who suffer from the same condition seek relief from a variety of products, boasting both negatives and positives. Direct products like wipes, creams, pads, and suppositories are highly effective at offering temporary period of relief. However, it is not effective enough for permanent treatments.

According to the latest report by the team of Market Research Future (MRFR), the global hemorrhoids treatment market is expected to grow at a decent rate of 7.1% during the forecast period of 2018 to 2023. The market growth is influenced by numerous factors like the increasing prevalence of lifestyle-based diseases, growing demand for treatment, an increasing demand for reducing infections & complications relating to hemorrhoids, and an increasing number of surgeries. The growing old-age population is also one of the key contributors to the global demand for hemorrhoids treatment. However, lack of awareness and hesitancy towards medical treatment due to the feeling of embarrassment stands out as a key constraint to the growth of the global market.

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Market Segmentation

The global hemorrhoids treatment market segmentation is based in terms of route of administration, treatment type, distribution channel, and region.

By treatment type, the market segments into drugs, surgical procedures, and non-surgical procedures. The drugs segment is further segmented into NSAIDs, laxatives, and herbals. The non-surgical procedures narrows down into cryotherapy, band litigation, and sclerotherapy.

By route of administration, the market divides into oral and topical agents.

By distribution channel, the market includes hospital pharmacies, retail pharmacies, online pharmacies, and others.

Regional Analysis

The regional segmentation of the global hemorrhoids market covers four major regions globally, namely Asia Pacific, Europe, the Americas, and the Middle East & Africa.

The Americas hold the maximum share of the market as per the global standings. The dominance of the region can be attributed to the huge patient population, high expenditure in the healthcare sector, and a well-established technology. The regional market for hemorrhoids treatment is expected to continue its dominance in the forthcoming years.

Europe accounts for the second largest market globally following the Americas. The European region is segmented into key regions, namely Western and Eastern Europe. The Western European region consists of countries like the UK, Germany, and France. Factors that primarily push the market in this region are the lack of any physical exercise, sedentary lifestyle, obesity, alcoholism, poor fiber intake in diet, etc.

Asia Pacific is slated to be the fastest growing regions in hemorrhoids. The growth in this region can be attributed to factors like the increasing demand for better diagnostic devices, rapidly improving technologies, better and safe therapeutic approach, and the presence of a massive talent pool.

Competitive Landscape

The global hemorrhoids treatment market holds a number of key players like Boehringer Ingelheim GmbH, Takeda Pharmaceutical Company, Abbott Laboratories, Boston Scientific Corporation, GlaxoSmithKline, Pfizer Inc., AstraZeneca PLC, CONMED Corporation, Taro Pharmaceuticals Inc., Astra Zeneca, Olympus Corporation, Cook Medical, Glenmark Pharmaceuticals Bayer AG, Teva Pharmaceutical Industries Ltd, and others.

13^th March 2019, Organization de Scalene announced recently the launch of Cryocure. Cryocure is an affordable medical device that is used to treat piles without any need for surgery.

8^th April 2019, Trifecta Pharmaceuticals, one of the leading developers, distributors, and manufacturers of specialty OTC topical creams, gels, and ointments announced today about its distribution partnership with Walmart. The move will see Mayinglong, a hemorrhoid treatment ointment, being available on the shelves of the leading departmental store.

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Worldwide Immune Thrombocytopenia (ITP) Market Top 10 Players Universal Analysis, Industry Demand And 2023 Forecast

 Market Scenario:

Rising prevalence of immune thrombocytopenia (ITP) worldwide has fueled the demand for ITP therapeutics. Increased government effort to improve healthcare infrastructure in countries such as India, China and Brazil has reflected favorably on the global ITP market. In addition, increased focus on development of novel drugs and therapeutics is also having a positive impact on the market. Autoimmune diseases, chronic infections, medications, pregnancy, and certain cancers are common secondary triggers of ITP.

The Global Immune Thrombocytopenia Market is projected to surpass a valuation of USD 2,300 Mn by 2023, reflecting a compound annual growth rate of 5.78% between 2018 and 2023.

The report includes a discussion on several key market elements. The scope of the discussion also covers different ITP treatments that are currently available such as intravenous immunoglobulins, thrombopoietin receptor agonists and corticosteroids among other. It also covers revenue analysis of major end-users of immune thrombocytopenia, which covers hospitals and clinics, specialty centers, and research and academic institutes.  A detail analysis of the various sub-markets across key region of the world is also available in the report.

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Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter’s five forces analysis of the market

Competitive Landscape:

CSL Limited, Amgen Inc., F.Hoffmann-La Roche Ltd., Kyowa Hakko Kirin Co., Ltd., Rigel Pharmaceuticals, Inc., Shionogi Inc., Dova Pharmaceuticals, Novartis AG, Jiangsu Hengrui Pharmaceutical Co., Ltd., Shire and Ligand Pharmaceuticals, Inc.

Research Methodology:

The research methodology envelops the range and depth of markets and industries that ensures the best outlooks are presented. The methodology successfully combines primary and secondary research methods to present exclusive and pertinent content that can aid in well-versed decision making. The different advances in markets are uniquely included in the reports by employing top-down and bottom-up approaches. Insightful data, advantageous scenarios, and outline of the emerging markets make for a complete and astute guide into the beat of the market. Also, the consistency levels of our reports offer our users adept intelligence that can shape the base of strategies they devise to gain the preferred market portions and hold & enhance their current customer base in several geographies.   

Segmental Analysis:

The segmental analysis of the global ITP market is based on type, treatment, end-user and region. By type, the market has been segmented into chronic immune thrombocytopenia and acute immune thrombocytopenia. In 2017, the chronic immune thrombocytopenia segment for 85% share of the global market. During the forecast period, the segment is projected to witness a CAGR of 5.94% and reach a valuation of USD 2,036.9 Mn. This can be attributed to factors such as rising incidence rates, approval of targeted treatments, increase in risk factors, use of prior medications, and increase occurrence of secondary hematological disorders.

On the basis of the treatment, the market has been segmented into intravenous immunoglobulins, corticosteroids, thrombopoietin receptor agonists, and others.  In 2017, the corticosteroids segmented represented 40% share of the global ITP market in terms of value. The segment is likely to surge at a CAGR of 5.57% during the assessment period. Corticosteroids are a class of steroid hormones that are commonly used in ITP therapies.

On the basis of end-user, the market has been segmented into hospitals and clinics, specialty centers, research and academic institutes, and others. The hospitals & clinic segment currently commands for close to 38% market share and is projected to capture an impressive CAGR of 6.22% during the review period.

Regional Outlook: 

On the basis of region, the Global ITP market is segmented into Americas, Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA). Of these, the Americas accounted for 43.3% market share in 2017. The Americas is expected to spearhead the global ITP market throughout the assessment period. This is primarily owing to the increasing prevalence rates coupled with the availability of treatment options and presence effective reimbursement policies. According to the National Organization for Rare Disorders (NORD), the prevalence of immune thrombocytopenia among adults in the US is estimated to be 3.3 per 100,000 adults/year. In addition, Americas is expected to remain an important market for ITP during the assessment period. Americas is followed by Europe and Asia-Pacific respectively. In Europe, factors such as favorable government policies and high healthcare expenditure is supporting the growth of the market. At the same time, presence of advanced healthcare infrastructure is providing an impetus to the market in Europe. The region is likely to remain its second spot over 2023. In Asia Pacific, increased efforts towards improving healthcare services and rising level of awareness among people is anticipated to drive the market’s growth in APAC in the forthcoming years.

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Bone Growth Stimulator Market Overview By Trends, Industry Top Manufactures, Size, Industry Growth Analysis & Forecast Till 2023

 Market Scenario:

Global Bone Growth Stimulator Market held a market value of USD 1,213 million in 2017 and is projected to grow at a CAGR of 5.86% over the forecast period. Bone Growth Stimulators are devices that are used to boost the healing process during the treatment of the ailments such as spinal fixation, orthopedic fixation, bone fractures and many other. Bone Growth Stimulator enhances the healing process by stimulating the production of new cells, which will allow your fracture to heal considerably faster. This is a perfect approach when you want to get back on your feet quickly. Besides that, one major advantage is surgical operation can be prevented when this approach is used during treatment. Bone growth stimulators have revolutionized the treatment of bone fractures and spinal fusions and are becoming an important tool in the healing process. All these factors contribute to the growth of bone growth stimulator market.

TOP Key Players:

Some of the prominent players in the global bone growth stimulator market are Arthrex, Inc., Bioventus LLC, Depuy Synthes (A Subsidiary of Johnson & Johnson), DJO Finance LLC, Harvest Technologies (A Terumo BCT Company), Isto Biologics, Medtronic PLC, Orthofix International N.V., Stryker Corporation, and Zimmer Biomet Holdings, Inc..  

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Segmentation: 
Global Bone Growth Stimulator Market has been segmented into product, application and end user.Based on products, the market has been segmented into, bone growth stimulation devices, bone morphogenetic proteins, platelet-rich plasma, and others. The bone growth stimulation devices segment is further segmented into, external bone growth stimulators, implanted bone growth stimulators, and ultrasonic bone growth stimulators among which external bone growth stimulators include pulsed electromagnetic field devices, capacitive coupling devices, and combined magnetic field devices. The bone growth stimulation devices segment is expected to account for the largest share in the global bone growth stimulator market in 2017. This large share is majorly attributed to the wider acceptance of the devices, and better patient compliance as compared to other techniques.

On the basis of application, the market has been segmented into spinal fusion surgeries, delayed union & non-union bone fractures, oral and maxillofacial surgeries, and other. The spinal fusion surgeries segment is expected to account for the largest share in the global bone growth stimulator market in 2017.On the basis of end users, the market has been segmented into hospitals & clinics, home care, academic and research institutes, and others. The hospitals & clinics segment is expected to account for the largest share in the global bone growth stimulator market in 2017. At the same time, the increasing establishments of the home care services in the developed and developing countries has led this segment to grow at the fastest rate during the forecast period.Based on the regions, the market for bone growth stimulator is segmented in to, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The bone growth stimulator market in the Americas region has further been segmented into North America and South America, where-in the North American market is further divided into the US and Canada.

European bone growth stimulator market has been segmented into Western Europe and Eastern Europe where-in Western Europe region is further divided into Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The bone growth stimulator market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The bone growth stimulator market in the Middle East & Africa has been segmented into regions such as the Middle East and Africa.

Regional Analysis:

Geographically, the Americas is anticipated to dominate the global bone growth stimulator market owing to the rising prevalence of the orthopaedic and spinal ailments such as bone fractures, and spinal damage among others. The development of the better therapeutic approaches and advanced treatment procedures have affected the growth of the American market in a positive way. Moreover, increasing rate of the spinal fusion procedures, growing patient population for the orthopaedic fixation procedures, high awareness among American population, high disposable income, are some of the many factors that drive the growth of the bone growth stimulator market in this region.

Europe is expected to hold the second largest market share in the global bone growth stimulator market. The market growth in this region is majorly attributed to the increasing government support for the device manufacturers. Geographical expansion of companies has led to the wider reach of the medical products and services which has brought a huge change in terms of the acceptance and implementation of the new products as well as procedures. Similarly, Asia-Pacific region has observed a rapid growth in the bone growth stimulator market owing to the development in the medical sector in developing countries like India and China. Moreover, increase in government funding for healthcare, rising R&D expenditure, and growing number of medical device companies in the region has led to its fastest growth during the forecast period. The Middle East and Africa region is anticipated to show minor growth opportunities in the bone growth stimulator market during the forecast period.

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Worldwide Nurse Call Systems Market Segmentation And Analysis By Recent Trends And Growth Prospects By Regions To 2023

 The Global Nurse Call Systems report by MRFR focuses on the latest trends in the Global and regional spaces on all the significant components with forecast 2023, including the capacity, cost, price, technology, supplies, production, profit, and competition.

Global Nurse Call System Market Research Report: By Type (Buttons, Integrated Communication Systems, Mobile Systems, Intercoms), by Technology (Wired, Wireless), by Application (Medical Emergency, Alarms, Workflow Management), by End Users — Forecast till 2023

Nurse Call System Market Scenario

Global nurse call system market is expected to grow significantly over the forecast period. It is estimated that the global nurse call system market is expected to register a CAGR ~ 9.5 % during the forecast period from 2018 to 2023. Nurse call systems are aimed at alerting the nurses in case of medical emergency situations or when patients need care. These systems are also used to track a patient particularly in assisted living or old age centers or are used to give a signal of a probable situation in case of ambulatory services.

Also Read : https://www.medgadget.com/2020/02/global-nurse-call-systems-market-overview-2020-industry-size-growth-technology-trends-competitive-landscape-top-manufacturers-regional-analysis.html  

Numerous factors such as growing geriatric population and rising complexity of hospital operations are expected to drive the growth of the market.

Moreover, favorable healthcare investments by government and the rising demand for better technological advancements boosts the growth of the market. However, stringent government regulation and the huge cost of installation may hamper the market growth during the assessment period.

Some of the industry players offer integrated equipment, in which the patient data can easily be stored and retrieved. In February 2015, Rauland Borg Corporation launched a device called AllTouch responder, which offers nurse call system with electronic medical records. The nurse call equipment has evolved over the time owing to better patient monitoring. The staff members can directly communicate with the patients to assist them and provide required care, thereby reducing the need to visit the patient beds for minor requirements. This can eliminate fatigue and increase the workflow efficiency of the attendant.

Nurse Call System Market Competitive Analysis:

Some of the major companies in the global nurse call system market include Honeywell International Inc., Austco Communication Systems Pty Ltd., Hill-Rom Services Inc., Johnson Controls., Ascom, CSINC, STANLEY Healthcare, AMETEK, Inc., West-Com Nurse Call System, Inc, Cornell Communications, Azure Healthcare, Jeron Electronic Systems Inc., BEC Integrated Solutions, LLC, Vigil Health Solutions Inc., and Systems Technologies.

Nurse Call System Market Segmentation:

The nurse call system market is segmented on type, applications, technology, end users, and region.

Based on the type, the market is segregated into nurse call integrated communication systems, nurse call buttons, nurse call intercoms, nurse call mobile systems, and others.

By technology, the market is segmented into wireless systems and wired systems.

Based on the applications, the market is segmented into alarms, medical emergency, workflow management, and others.

Based on the end users, it is segmented into assisted living centers, hospitals & nursing homes, ambulatory care centers, and others. Of these, hospitals and nursing homes segment is anticipated to be the larger shareholder in the overall market share. The growth of the segment is primarily attributable to the rising number of public as well as private hospitals.

Nurse Call System Market Regional Analysis:

Regionally, the nurse call system market is segmented into the Americas, Asia-Pacific, Europe, and Middle East & Africa. Of these, the Americas is anticipated to dominate the market for nurse call system due to faster demand for newer technologies and upgradation of nurse call systems in the region. Additionally, the growing geriatric population and increasing funding for better healthcare infrastructure in the region. In addition to this, the Europe is estimated to hold the second leading position in the market owing to well-developed healthcare industry and investment for increasing number of hospitals.

Asia-Pacific is anticipated to be the fastest growing region in the market due to the developing healthcare facilities in the developing economies and increasing aging population. According to a report published by Silver Eco in October 2017, in Japan, 27.7 people are elderly or aged.

Nurse Call System Industry News:

In 2019, Vocera Communications, Inc. a recognized leader in clinical communication and workflow solutions, today announced that the Ministry of Health and Prevention of the United Arab Emirates plans to standardize care team communication using Vocera technology.

In 2019, Cleveland Clinic London has selected Vocera Communications to use their Vocera Platform to standardize care team communication across the hospital when it opens in 2021.

In 2019, OrbitaASSIST is the latest voice-enabled, artificial intelligence-driven bedside virtual health assistant from Orbita. New bedside AI tool reduces call response time.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Worldwide Microbiology Testing Market Ready To Set Outstanding Growth From 2019 To 2023

 A fresh report has been added to the wide database of MRFR. The research study is titled “Microbiology Testing Market” by Manufacturers, Countries, Type and Application, Forecast to 2023 which provides important data about the production, consumption, revenue and company profiles for key industry participants.

The global microbiological testing market was valued at USD 2706.1 Mn in 2016 and is due to reach USD 5409.1 Mn by the end 2023, affirms Market Research Future (MRFR) in a detailed study.

Technological advancements in microbiology which expedite infection diagnosis and provide more reliable results have gained significant traction in recent years. Rising cases of infectious diseases have provided fodder for the growth of the microbiological testing market. The outbreak of several disease epidemic across the globe have spurred demand for microbiological testing services. This has resulted in an increase in research funding and a substantial increase in healthcare expenditure on a global scale. Surveillance Programs aimed at disease control and growing stringency of safety standards are other factors substantiating the growth of the global microbiology testing market. Furthermore, traditional laboratory techniques have become almost obsolete and have lost grounds to advanced microbiological testing methods.

Also Read : https://www.medgadget.com/2019/11/microbiology-testing-market-2019-size-share-trends-opportunities-growth-factors-key-players-and-regional-forecast-2023.html 

The food industry is a major end user of the global microbiology testing market which generates continual demand for microbiological testing. Ensuring food safety is of paramount importance in the food industry. Food manufacturers incur huge economic losses due to contamination and spoilage from bacteria. Moreover, regulatory bodies mandate microbiological testing of food items before it is put up for sale in the market. Food manufacturers extensively utilize microbiological testing to quantify and detect pathogenic spoilage and microorganisms.

On the downside, the market growth of microbiology testing is at threat from erroneous results and the high cost of reagents and instruments. However, increase in R&D activities coupled with grants for the same is expected to provide opportunities for market growth. However, tightened government regulations and policies are likely to remain as challenges to market growth.

Segmentation

The global microbiology testing market has been segmented based on type, application, and end user.

By type, the global microbiology testing market has been segmented into instruments, chemicals & reagents, consumables & accessories, and others. The chemicals & reagents segment holds around 42.1% share of the global market.

By application, the global microbiology testing market has been segmented into gastrointestinal infections, respiratory infections, urinary tract infections, sexually transmitted infections, and others.

By end user, the global microbiology testing market has been segmented into hospital-based laboratory, independent laboratory, and academics & research institutes.

Regional Analysis

By region, the global microbiology testing market has been segmented into North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

North America accounts for the foremost share of 37.9% of the global market. Presence of sophisticated laboratory infrastructure and high adoption rate of advanced diagnostic procedures. High prevalence of diseases in the region has resulted in heavy amounts being poured in to support microbiology-based research which has further favored the market growth in the region.

APAC market is estimated to showcase rapid growth over the forecast period. Increasing patient pool and remarkable healthcare spending by the emerging economies of the region and considerable increase in testing and laboratory facility. APAC market is expected to expand at a CAGR of 12.1% over the forecast period.

Europe market is likely to showcase significant growth on account of extensive R&D activities purveyed by state-of-the-art testing infrastructure. The MEA market is expected to showcase sluggish growth over the forecast period.

Competitive Landscape

Biomérieux SA (France), F. Hoffmann-La Roche Ltd (Switzerland), Thermo Fisher Scientific Inc. (US), BD (US), Beckman Coulter, Inc. (US), Cepheid (US), and Alere (US) are the notable players in the global microbiology testing market.

Industry Updates

February 2019 – bioMérieux, Inc., a global leader in in-vitro diagnostics, offering microbiological testing solutions for medical applications, has announced the acquisition of Invisible Sentinel, developer, manufacturer, and marketer of molecular diagnostic tool. The acquisition will help bioMérieux strengthen its position in food pathogen testing and spoilage organism detection segment.

August 2018 – Neogen Corporation, an international food safety company, announced the acquisition of Clarus Labs, Inc. The acquisition includes the patented Colitag water test.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Us:

Market Research Future

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Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

Phone: +1 646 845 9312

Email: sales@marketresearchfuture.com