Microbiology Testing Market Size Expected to Surpass US$ 5.4 Billion at revolutionary CAGR during the forecast period 2017-2023

Market Scenario

The rising costs of surgeries and overall healthcare has induced the need for hospitals to lean towards technology to reduce the burden. Microbiology Testing (RCM) is a system in the healthcare cycle which relies on electronic health records (EHRs) and automation to expedite outpatient billing and reduce wait times. The global Microbiology Testing market is touted to exhibit a healthy 12.2% CAGR during the assessment period (2017-2027), as per a new market report by Market Research Future (MRFR).

The growing numbers of hospitals and clinics, rising adoption rate of RCM software, recovery audits, and preference for integrated healthcare systems are factors expected to drive market demand during the forecast period.

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Key Players for Global Microbiology testing Market:    

Alere (US)

BD (US)

Beckman Coulter, Inc. (US)

Cepheid (US)

Thermo Fisher Scientific Inc. (US)

F. Hoffmann-La Roche Ltd (Switzerland)

Biomérieux SA (France)

Segments:                                                                                                                                        

Global Microbiology testing Market has been segmented on the basis of type which comprise Instruments, Chemicals & Reagents, Consumables & Accessories, and others. On the basis of application, it is segmented into, Gastrointestinal Infections, Respiratory Infections, Urinary tract Infections, Sexually Transmitted Infections, Others. On the basis of end user, it is segmented into, Hospital based laboratory, Independent laboratory, and Academics & Research Institutes.

Regional Analysis of Global Microbiology testing Market:  

Considering the global scenario of the market, North America was holding largest market share of 37.9% in global Microbiology testing market in 2016. Asia-Pacific is second largest and fastest growing market in global Microbiology testing market. APAC is expected to grow at a CAGR of 12.1% during 2017-2023. Europe was second largest microbiology testing market and is expected to grow at a significantly during the forecast period. On the other hand. Middle East and Africa (ME&A) microbiology testing market was growing lower than global average and expected to grow at steady pace.

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Detailed Table of Contents:

TABLE OF CONTENTS

1  Report Prologue

2  Introduction

2.1 Scope Of Study 17

2.2 Research Objective 17

2.3 Assumptions & Limitations 17

2.3.1 Assumptions 17

2.3.2 Limitations 17

2.4 Market Structure 18

3  Research Methodology

3.1 Primary Research 21

3.2 Secondary Research 21

3.3 Market Size Estimation 21

3.3.1 Market Share Analysis 22

3.4 Market Pricing Approach 23

4 Market Dynamics

4.1 Introduction

4.2 Drivers

4.2.1 Technological Advancements

4.2.2 Rising Cases Of Infectious Diseases

4.2.3 Surveillance Programs For Disease Control

4.2.4 Rising Stringency Of Standards

4.2.5 Weakness Of Traditional Laboratory Techniques

…Continued

 

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