Virology and Bacteriology Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
- Medical Equipments
Virology and Bacteriology Testing Market: Overview
The study of viruses and bacteria is referred to as virology and bacteriology respectively and includes the identification, classification, and characterization of the various species. The demand for virology and bacteriology testing has increased of late with the growing incidence of various viral and bacterial infections.
The report offers an in-depth assessment on the overall virology and bacteriology testing market, highlighting the leading factors driving and hampering the market. The key opportunities in store and the challenges that lie ahead have also been identified and industry experts have offered their inputs on how to make the most of this information and gain ground in the virology and bacteriology testing market.
The global market for virology and bacteriology testing is studied on the basis of technology, end user, disease, and geography. Based on technology, the market comprises molecular diagnostics, information technology, immunoassays, diagnostic imaging, chromatography, monoclonal antibodies, artificial intelligence, gel microdroplets, differential light scattering, flow cytometry, and liposomes. The key end users of virology and bacteriology testing are clinics, hospitals, diagnostic centers, laboratories, and blood banks. By geography, the market report covers Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
Virology and bacteriology testing can be done on a variety of diseases pertaining to the respiratory system, urinary tract, and bloodstream, gastrointestinal and periodontal diseases, sexually transmitted diseases caused by viruses and bacteria, and several other ailments such as connective tissue and joint diseases, central nervous system infections, cardiovascular ailments, and skin diseases.
Virology and Bacteriology Testing Market: Trends and Opportunities
The growth in the global market for virology and bacteriology testing is attributed mainly to the surge in respiratory infections and disorders. According to the World Health Organization, each year at least 3 million people all over the world die from chronic obstructive pulmonary disease (COPD) and at least 235 million people suffer from asthma. This significant patient population, in addition to a growing population of people suffering from tuberculosis, has greatly driven the demand for virology and bacteriology testing. Apart from this, the global market is fueled by rising healthcare expenditure across developed and developing economies, major technological advancements in the field of R&D, and increasing investments by public and private bodies. On the other hand, however, concerns pertaining to reimbursement policies and regulatory scenarios in several developing countries.
It has been observed that most companies have been relying on product development and commercialization in order to gain a larger share in the virology and bacteriology testing market. In addition to this, strategic collaborations also form a key component of many organizations’ growth strategy and recent geographical expansions have enabled these companies to strengthen their hold in the global virology and bacteriology testing market.
Virology and Bacteriology Testing Market: Regional Outlook
Among the key geographical segments covered in the report, North America and Europe are two of the most mature markets for virology and bacteriology testing. Growth in these regional markets has been strong over the years owing to the rapid adoption of advanced diagnostic and testing methods, higher spending on healthcare, presence of favorable government policies, and the presence of advanced clinical laboratories and medical device manufacturing companies. A rising geriatric population and the increasing incidence of various infectious diseases also contribute toward the growth of the virology and bacteriology testing market in North America and Europe.
Asia Pacific is a prominent market for virology and bacteriology testing, powered by emerging economies such as China, Japan, and India. These nations have been generating the maximum revenue owing to expanding R&D facilities in the field of diagnostics, increasing incidence of infectious diseases, and the development of innovative yet affordable testing equipment. Driven by these factors, Asia Pacific will continue to contribute significantly to the global virology and bacteriology testing market.
Companies Mentioned in the Report
Fujirebio Diagnostics Inc., Cepheid, Diasorin, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Scienion AG, Grifols, Qiagen, Eiken Chemical Co Ltd., Sequenom, bioMerieux SA, Siemens AG, Hologic Inc., Diamedix Inc., Leica Biosystems Nussloch GmbH, F. Hoffmann-La RocheLtd., and Abbot are some of the prominent players competing in the global virology and bacteriology testing market.
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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