Increasing prevalence of infectious diseases to drive the growth of global microbiology reagents market
According to TechSci Research report, “Global Microbiology Reagents Market By Product Type (Pathogen Specific Kits v/s General Kits), By End User Industry (Healthcare, Pharmaceuticals, Food & Beverage, Agriculture, Cosmetics, Clinical Microbiology, Academia, Others), By Region, Forecast & Opportunities, 2025”, the global microbiology reagents market is expected to grow at a formidable rate during the forecast period on account of the growing demand for microbial testing in food industry. Additionally, increasing level of water and soil pollution requires regular testing to identify the level of pollution and take necessary steps for its prevention and control. This is expected to positively impact the market growth over the next few years. Furthermore, increasing prevalence of chronic and infectious diseases is expected to foster the growth of market. Besides, increasing demand from various analytical and therapeutic research projects is anticipated to bolster the market growth through 2025. Also, increasing funding and public-private investments are expected to drive the market during forecast period. However, short shelf life of microbial reagents might hamper the growth of market during forecast years. Additionally, these reagents get affected due to certain environmental factors such as temperature changes, humidity, among others. These factors affect the efficiency of the reagents, which might negatively impact the market through 2025. Furthermore, shortage of skilled professionals, decline in number of laboratories and cost of these reagents is expected to impede the market growth during next five years.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on" Global Microbiology Reagents Market"
The global microbiology reagents market is segmented based on product type, end user industry, company and region. Based on product type, the market can be bifurcated into pathogen specific kits and general kits. The pathogen specific kits segment is expected to dominate the market during forecast period since these are highly sensitive and specifically for a suspected organism. Additionally, these are used in the identification of specific metabolisms and are helpful in differentiating microorganisms. Based on end user industry, the market can be fragmented into healthcare, pharmaceuticals, food & beverage, agriculture, cosmetics, clinical microbiology, academia and others. The healthcare segment is expected to dominate the market during forecast years on account of the growing use of microbiology reagents in healthcare industry for various diagnostic purposes. Additionally, increasing healthcare expenditure coupled with the growing prevalence of chronic and infectious diseases is further expected to drive the growth of segment over the next few years. The pharmaceuticals segment is expected to register the highest CAGR during forecast period. This can be attributed to the well-established and globally accepted regulations, which govern the evaluation of microbial contaminations during manufacturing of a drug and raw material screening. The food & beverage segment is also expected to grow significantly, since most of the foods & beverages that are available, are either plant based, or animal based, hence susceptible to microbial contamination. Therefore, regular testing is required which requires reagents, thereby driving the segmental growth across the globe.
Thermo Fisher Scientific, Sigma-Aldrich Corporation, Danaher Corporation, Merck KGaA, Bio-Rad Laboratories, Inc., bioMérieux Inc., QIAGEN N.V., F. Hoffmann-La Roche AG, Becton, Dickinson and Company, Siemens Healthineers AG, ELITech Group SAS, Sisco Research Laboratories, Suvchem Laboratory Chemicals, Biomark Laboratories, Hardy Diagnostics, AppliChem GmbH (ITW Reagents), PhytoTechnology Laboratories, Randox Reagents (Abbott Architect), TCS Biosciences Ltd., TM Media (Titan Biotech Ltd.) and others are some of the leading players operating in global microbiology reagents market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“Asia-Pacific is expected to witness significant growth in the microbiology reagents market during the forecast period owing to the improving healthcare infrastructure in the region. Additionally, booming medical tourism industry especially in countries like India, Thailand, Malaysia, etc., is further expected to fuel the market over next few years. Furthermore, increasing number of hospitals & laboratories coupled with the availability of skilled labor at an affordable cost is positively anticipated to positively impact the market through 2025. Besides, major industry players are expanding their businesses in the region, thereby creating lucrative opportunities for the growth of market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Microbiology Reagents Market By Product Type (Pathogen Specific Kits v/s General Kits), By End User Industry (Healthcare, Pharmaceuticals, Food & Beverage, Agriculture, Cosmetics, Clinical Microbiology, Academia, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global microbiology reagents market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global microbiology reagents market.
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