The Global Rapid Microbiology Testing Market is expected to rise from its initial estimated value of USD 3.45 billion in 2018 to an estimated value of USD 6.48 billion by 2026 registering a CAGR of 8.2% in the forecast period of 2019-2026. This rise in the market can be attributed to the Rising Incidence of Infectious Diseases and Increasing Food Safety Concerns.
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Key Market Competitors: Global Rapid Microbiology Testing Market
Few of the major market competitors currently working in the global 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., Mocon, Inc.
The rapid microbiology testing is the technology that allows the user to get microbiology test results faster compared with traditional methods (Such as rapid detection of malaria, rapid detection of Mycobacterium tuberculosis etc.)
For a pervasive understanding of the market, business strategies and latest developments of the vital players accompanied with co-development deals and market size have also been enclosed. Briefly citing, their revenue share, contact information and meticulous SWOT analysis is available. The regions which have been studied in depth are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
The report takes a close and analytical look at the various companies that strive for a higher share of the Rapid Microbiology Testing Market. Data on the leading and fastest-growing segments along with what drives them has been given.
This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria.
A bird’s eye view of the Rapid Microbiology Testing Industry made available in the report helps readers to understand the key drivers, restraints, challenges, and opportunities that are shaping the Teeth Whitening Products market. Furthermore, the report evaluates challenges experienced from buyers and sellers side.
Key Developments in the Market:
- In October, 2017, Abbott Acquired Alere to become market leader. Abbott gains leadership in the USD 5.5 billion point of care segment broadens diagnostics footprint and enhances access to fast-growing diagnostics channels.
- In July, 2014, the market leader in molecular testing of blood cultures is AdvanDx, which has been acquired by OpGen, Inc. with a family of FDA approved and CE marked rapid molecular tests for use with the company’s Acuitas MDRO Gene tests and bioinformatics for multi-drug resistant organisms.
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Competitive Analysis: Global Rapid Microbiology Testing Market
The global rapid microbiology testing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of rapid microbiology testing market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
- Global rapid microbiology testing market is an Advanced Technology.
- Rising Incidence of Infectious Diseases.
- Funding, Research Grants, and Public-Private Investments.
- Increasing Food Safety Concerns.
- Reimbursement Policies are Unfavorable.
- High cost of the Rapid microbiology testing devices.
- The substitute products of rapid test point of care devices can be the restraints
Reasons to Purchase this Report:
- Current and future of global rapid microbiology testing market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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