In a recent published report, Kenneth Research has updated the market report for Microbiology Testing/Clinical Microbiology Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Microbiology Testing/Clinical Microbiology Market products.
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The Global Microbiology Testing/Clinical Microbiology Market was valued at USD 3.21 billion in 2016 and is projected to reach USD 8.19 billion by 2025, growing at a CAGR of 10.97% from 2017 to 2025.
Microbiology is a wide scope of number of sub fields. Microbiology testing and Clinical microbiology focuses on pathogen testing and identification.
The industry is rising in terms of market value because of increasing R&D Activities and Fund. There is now more focus on advanced medicinal solutions and vaccine production to avoid epidemic spreads.
1. Market Drivers
1.1 Technological developments and Researches
1.2 Growing Number of infections, Epidemic Incidences and spreads
1.3 Growing Fund in the research and development sector by Govt. and private Sector
2. Market Restraints
2.1 Reimbursement risks
2.2 Lack of Regulatory restrictions
1. Global Microbiology Testing/Clinical Microbiology Market, by Application:
1.1 Pharmaceutical Applications
1.2 Clinical Applications
1.3 Food Testing Applications
1.4 Food Testing Applications
1.5 Energy Applications
1.6 Chemical and Material Manufacturing Applications
1.7 Environmental Applications
2. Global Microbiology Testing/Clinical Microbiology Market, by Disease Area:
2.1 Respiratory Diseases
2.2 Bloodstream Infections
2.3 Gastrointestinal Diseases
2.4 Sexually Transmitted Diseases
2.5 Urinary Tract Infections (UTIS)
2.6 Periodontal Diseases
2.7 Other Diseases
3. Global Microbiology Testing/Clinical Microbiology Market, by Product:
3.1.1 Pathogen specific kits
3.1.2 General reagents
3.2.1 Microbiology Analyzers
18.104.22.168 Molecular Diagnostic Instruments
22.214.171.124 Mass Spectrometers
3.2.2 Laboratory equipment
126.96.36.199 Gram Stainers
188.8.131.52 Bacterial Colony Counters
184.108.40.206 Autoclave Sterilizers
220.127.116.11 Microbial Air Samplers
18.104.22.168 Anaerobic Culture Systems
22.214.171.124 Petri Dish Fillers
126.96.36.199 Blood Culture Systems
188.8.131.52 Microbial Culture Systems
184.108.40.206 Other Laboratory Instruments
4. Global Microbiology Testing/Clinical Microbiology Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Biomerieux S.A.
2. Danaher Corporation
3. Becton, Dickinson and Company
4. Cepheid (U.S.)
5. Abbott Laboratories, Inc.
6. Alere, Inc.
7. Bio-Rad Laboratories Inc.
8. F. Hoffman-LA Roche Ltd.
9. Bruker Corporation
10. Hologic, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Microbiology Testing/Clinical Microbiology Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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