According to Data Bridge Market Research new Market report, Global Rapid Microbiology Testing Market will account to an estimated USD 3.45 billion in 2018 growing at a CAGR of 8.2% during the forecast period of 2019 to 2026.
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Global Rapid Microbiology Testing Market:
Rapid microbiology testing method is an upgradation over the conventional microbiology testing methods and is majorly applied in the areas where time is of the essence, and the test results are required immediately. This method of testing finds major applications in diagnostic and research laboratories that want to significantly reduce the time taken to identify the test results significantly enhancing the chances of reducing any time and labor consumptions.
Segmentation: Global Rapid Microbiology Testing Market
Global rapid microbiology testing market is segmented on the basis of product, method, application, end-user and geography.
By Product (Instruments, Reagents & Kits, Consumables), Method (Growth-Based Rapid Microbiology Testing, Cellular Component-Based Rapid Microbiology Testing, Nucleic Acid-Based Rapid Microbiology Testing, Viability-Based Rapid Microbiology Testing, Other Rapid Microbiology Testing Methods), Application (Clinical Disease Diagnosis, Food & Beverage Testing, Pharmaceutical & Biological Drug Testing, Environmental Testing, Cosmetics & Personal Care Products Testing, Research Applications, Other Applications), End-User (Diagnostic Laboratories & Hospitals, Food & Beverage Companies, Pharmaceutical & Biotechnology Companies, Contract Research Organizations, Other End-Users) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN RAPID MICROBIOLOGY TESTING MARKET
High levels of prevalence of infectious diseases globally
According to WHO’s (World Health Organization) global health estimates there has been a constant high prevalence of infectious and parasitic diseases globally. In 2015, this number was 344,443,025 deaths in terms of DALYs, and this number though suffered a decline in 2016 to 331,709,174 DALYs due to the advancements in treatment & pharmaceutical division along with the testing and containment of these diseases. Even with the development of healthcare and penetration of the various technologically advanced medicines in the market, the number of deaths caused due to infectious and parasitic diseases is very high.
DALY’s can be identified as one year that the individual might have experienced healthily. This measure is used to identify the gap of individuals suffering from a particular disease and an ideal healthy individual.
Key Market Competitors: Global Rapid Microbiology Testing Market
Few of the major competitors currently working in the rapid microbiology testing market are Abbott., Becton Dickinson and Company, BioMerieux SA, Bruker, Charles River, Danaher, Don Whitley Scientific Limited, Merck KGaA, Neogen Corporation, Quidel Corporation, Rapid Micro Biosystems, Inc., Sartorius Group, Thermo Fisher Scientific, TSI, Vivione Biosciences Inc., ERBA Diagnostics,Vedalab, Rtalabs, Shimadzu Corporation., Pall Corporation. and Mocon, Inc.
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