Renewed focus and importance on testing the quality and clinical applications of various products has provided new avenues for growth of the industry for microbiology testing. Market reports linked to the healthcare sector along with published reports on other sectors have been lately made available by Market Research Future, which has also published a report on this market. The industry is anticipated to achieve US$ 5409.1 million approximately in terms of revenue by the conclusion of the forecast period by 2023.
The demand for the microbiology testing sector can be attributed to the rise in the number of its applications. Rising levels of diseases coupled with changing patterns of the diseases have increased the necessity for developments in this sector. Enhanced research and knowledge will one of the key factors which are expected to bolster the development of the market in the forecast period.
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Industry Segments
The Rapid Microbiology Testing Market has been segmented on the basis of application the market is segmented into respiratory infections, gastrointestinal infections, sexually transmitted infections, urinary tract infections and others. On the basis of type which comprises of consumables & accessories, chemicals & reagents, instruments, and others. The end user category for microbiology testing market is segmented into independent laboratory, and academics & research institutes.
Detailed Regional Analysis
Considering the worldwide condition of the market, the North American region is holding the chief market share of 37.9% in global microbiology testing industry in 2016. The Asia-Pacific region is the second biggest and rapidly growing industry in global microbiology testing market. The APAC region is estimated to expand at a CAGR of 12.1 percent through 2017 to 2023. The European region was the second major microbiology testing industry and is forecasted to grow at a considerable rate in the forecast period. On the other hand, the Middle Eastern and African region is growing at global average and is projected to grow at steady pace.
Global Competitive Analysis
The corporate strategy of the competitors in the market is focused currently on capitalizing the dynamic pace of technological innovations which have led to plenty of changes both in terms of product development and handling competition. This particular trend has enabled portfolio improvement along with the affinity for diversification in the sector, which has indirectly enabled the players to use the valuable state of dealings available in this industry. The use of these prospects by contenders, who are trying to cultivate their industry stake by intensive expansion can stimulate the expansion of this industry. The companies are also moreover trying to create and capture financial in a suitable manner. This has elevated the potential for the forthcoming growth period significantly. The strategic decision-making process has increased the productivity of companies so that they maintain their company’s liquidity and sustain feasible to take effective choices in terms of strategy designing and implementation.
Some of the important competitors in this industry are Biomérieux SA (France), Beckman Coulter, Inc. (US), Alere (US), BD (US), Cepheid (US), Thermo Fisher Scientific Inc. (US) and F. Hoffmann-La Roche Ltd (Switzerland) to name a few.
Industry Updates:
Jan 2018 Eurofins Scientific which is a global leader in food testing services has announced the purchase of Food Analytica which is a top group of food testing laboratories located in Hungary. Food Analytica which is one of the most contemporary microbiology laboratories in Eastern and Central Europe, which offers its services to more than 400 clients in Romania and Hungary. They also provide a wide-ranging suite of food testing services which includes microbiology, molecular biology, grain studies, food and feed chemistry and sensory analyses. Furthermore, Food Analytica also delivers an extensive scope of environmental testing facilities to a vast range of customers. The purchase of Food Analytica will additionally enhance Eurofins’ geographical footprint in the feed and food testing market and will also provide a platform with substantial inorganic and organic growth opportunities.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
1.1 MARKET SYNOPSIS 17
2 MARKET INTRODUCTION 18
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 RESEARCH OBJECTIVE 18
2.4 MARKET STRUCTURE 18
2.5 ASSUMPTIONS & LIMITATIONS 19
3 RESEARCH METHODOLOGY 20
3.1 DATA MINING 20
3.2 SECONDARY RESEARCH 20
3.3 PRIMARY RESEARCH 21
3.4 BREAKDOWN OF PRIMARY RESPONDENTS 22
3.5 FORECASTING TECHNIQUES 23
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 24
3.6.1 BOTTOM-UP APPROACH 24
3.6.2 TOP-DOWN APPROACH 25
3.7 DATA TRIANGULATION 26
3.8 VALIDATION 26
4 MARKET DYNAMICS 27
4.1 OVERVIEW 27
4.2 DRIVERS 28
4.2.1 INCREASING NUMBER OF INFECTIOUS DISEASES, INCLUDING COVID-19 28
4.2.2 GOVERNMENT AND PRIVATE FUNDS AS WELL AS SUPPORT FOR RESEARCH & DEVELOPMENT 29
4.2.3 RISING NUMBER OF APPROVALS AND PRODUCT LAUNCHES 29
4.3 RESTRAINTS 30
4.3.1 LIMITED REIMBURSEMENT IN DEVELOPING REGIONS 30
4.3.2 LACK OF ACCURACY OF TESTS 30
4.4 OPPORTUNITIES 31
4.4.1 COLLABORATION OF MAJOR PLAYERS WITH SMALL PLAYERS 31
4.4.2 INCORPORATION OF INNOVATION TO THE PRESENT TECHNOLOGY 32
4.5 IMPACT OF COVID-19 ON THE GLOBAL MICROBIOLOGY TESTING MARKET 32
4.5.1 OVERVIEW 32
4.5.2 IMPACT ON CLINICAL TRIALS 32
4.5.3 IMPACT OF MICROBIOLOGY TESTING TO DIAGNOSE COVID-19 33
4.5.4 IMPACT ON TEST VOLUME, REVENUE, AND STAFFING 34
5 MARKET FACTOR ANALYSIS 35
5.1 PORTER’S FIVE FORCES MODEL 35
5.1.1 BARGAINING POWER OF SUPPLIERS 36
5.1.2 BARGAINING POWER OF BUYERS 36
5.1.3 THREAT OF NEW ENTRANTS 36
5.1.4 THREAT OF SUBSTITUTES 36
5.1.5 INTENSITY OF RIVALRY 36
5.2 VALUE CHAIN ANALYSIS 37
5.2.1 R&D AND DESIGNING 38
5.2.2 MANUFACTURING 38
5.2.3 DISTRIBUTION & SALES 38
5.2.4 POST-SALES MONITORING 38
5.3 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST) 39
5.3.1 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST), BY REGION, 2019 39
5.3.2 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST), BY TYPE, 2019 39
5.3.3 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST), BY PURPOSE, 2019 39
5.3.4 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST), BY SAMPLE TYPE, 2019 39
5.3.5 NUMBER OF ANTIMICROBIAL SUSCEPTIBILITY TESTS (AST), BY LOCATION, 2019 40
5.4 NUMBER OF SPECIES ID TESTS 40
5.4.1 NUMBER OF SPECIES ID, BY REGION, 2019 40
5.4.2 NUMBER OF SPECIES ID, BY TYPE, 2019 40
5.4.3 NUMBER OF SPECIES ID, BY PURPOSE, 2019 40
5.4.4 NUMBER OF SPECIES ID, BY SAMPLE TYPE, 2019 41
5.4.5 NUMBER OF SPECIES ID, BY LOCATION, 2019 41
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Competitive Analysis:The major players operating in the Glass Additives Market include Namibia Rare Earths Inc. (Canada), Lynas Corporation Ltd (Australia), Torrecid Group (Spain), Potters Industries LLC (U.S.), SCHOTT AG (Germany), DuPont.
(U.S.), GILLINDER GLASS (U.S.), METALL RARE EARTH LIMITED (China), Ardagh Group (Republic of Ireland), HAMMOND GROUP INC (U.S.) among others.Access Complete Report @ https://www.marketresearchfuture.com/reports/glass-additives-market-5140Market Segmentation:The Global Glass Additives Market is segmented on the basis of product, application, and region.
On the basis of product, the market is categorized into metal oxide, nanoparticles, and polymers & rare earth metals.
As these are used for coloring and to enhance specific properties such as electrical and thermal conductivity.
As these are mainly used as coating for gadgets, windows, and doors.
Increasing popularity of scratch resistant window panes for mobile phones, automobiles, laptops, and other electronic devices is predicted to surge the market growth.
Market Overview:Increasing demand for dietary supplements and nutritive food & feed is one of the major factors contributing to the growth of the global glycinates market.
Glycinates are serving as an important additive in most of the food, beverage, supplements, and animal feed products.
Availability of glycinates in various forms has influenced the demand from various industries apart from food & feed industry.Access Report Details @ https://www.marketresearchfuture.com/reports/glycinates-market-5546Market Forecast:The global glycinates market share in the foods & feed industry is intensifying by the growing demand for functional food & feed additives in the developed & developing countries.
Increasing prevalence of deficiency diseases among the growing population is found to be a key factor responsible for the growth of glycinates market.Furthermore, improved processing methods and demand for nutritive food products in the developing countries are positively supporting the growth of the global glycinates market.
Additionally, restriction on the use of antibiotics in food & feed formulations in the North American & European region is adding fuel to the market growth.
Downstream analysis:The global glycinates market is segmented into type, form, and application.On the basis of the type, it is segmented into zinc, copper, manganese, magnesium, calcium, sodium, and others.
The Global Sportswear Market is projected to display a robust growth represented by a CAGR of 5.80% during 2018-2023.
Athletic Footwear segment contributed maximum revenue in the market and is expected to continue the leadership in the forecast period on the back of rising awareness regarding the rising awareness of health and wellness, the prevalence of Athleisure trend in developing nations coupled with increasing number gyms, jogging tracks, fitness clubs.
Amidst the Sales Channel, online segment is expected to witness the fastest growth rate on the heels of rising internet penetration and number of smartphone users across the globe.
Amongst the regions, Asia Pacific accounts for the largest regional share in the global sportswear market in 2018.
Key factors driving the robust Asia Pacific market include large population base, increasing disposable income coupled with rising health consciousness across the region.
Global Sportswear Market has covered and analyzed the potential of Global Sportswear Market and provides statistics and information on market size, shares and growth factors.
Market Overview:Increasing demand for dietary supplements and nutritive food & feed is one of the major factors contributing to the growth of the global glycinates market.
Glycinates are serving as an important additive in most of the food, beverage, supplements, and animal feed products.
Availability of glycinates in various forms has influenced the demand from various industries apart from food & feed industry.Competitive analysisThe major players in the glycinates marketAjinomoto Co., Inc. (Japan)Clariant AG (Switzerland)Solvay SA (Belgium)BASF SE (Germany)NovoTech Nutraceuticals Inc. (U.S.)Dunstan Nutrition Ltd. (New Zealand)Shijiazhuang Donghua Jinlong Chemical Co Ltd. (China)Schaumann GmbH & Co. KG.
(Germany)Aliphos Belgium SA/NV (Belgium)Albion Laboratories, Inc. (U.S.)Market Forecast:The global market share in the foods & feed industry is intensifying by the growing demand for functional food & feed additives in the developed & developing countries.
Increasing prevalence of deficiency diseases among the growing population is found to be a key factor responsible for the growth of glycinates market.Furthermore, improved processing methods and demand for nutritive food products in the developing countries are positively supporting the growth of the global market.
Additionally, restriction on the use of antibiotics in food & feed formulations in the North American & European region is adding fuel to the market growth.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
Market Analysis The global biologics market, during the forecast period, will register growth at a CAGR of 6.95%.The market for biologics is set to reach USD 285,520.4 million by 2023.
Analysts have also studied the market to understand potential threats and challenges the market companies could face.
Although the market is poised to grow at a fast pace across product, disease indication, and manufacturing segments, factors such as restrictions in access to capacity could slow down the market's growth worldwide.Market Segmentation The Market Research Future report offers a complete segmental analysis of the biologics market based on manufacturing, disease indication, and product.
Regional AnalysisBy region, the biologics market report covers the latest trends and growth opportunities across the Americas, the Asia Pacific, Europe, and the Middle East and Africa.
Various factors are propelling the growth of the biologics market in the region, such as investments in new facilities for producing drugs for clinical trials, strong economic growth of Canada and the US, and rapid adoption of manufacturing technologies.
India is a major contributor in this region for its massive strides in biologics manufacturing.Key Players Notable players profiled in the biologics market report include GlaxoSmithKline Plc (UK), Eli Lilly and Company (US), Bayer AG (Germany), Sanofi (France), F. Hoffman-La Roche AG (Switzerland), Novartis AG (Switzerland), Amgen (US), Pfizer Inc. (US), AstraZeneca (UK), and AbbVie, Inc. (US).
