Pharmaceutical Rapid Microbiology Testing Market to Reach Worth USD 6.2 Bn by 2022

The purpose of the report is to illustrate the state of the market of Pharmaceutical Rapid Microbiology Testing, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Rapid microbiological tests are gaining momentum in the global market as a reliable and cost-effective method to track and monitor all types of microorganisms in pharmaceutical application as well as in other industrial settings. In addition, rapid microbiology tests offer faster and more accurate methods to assist in the rapid detection of microbes and early diagnosis, thus saving cost and inventory. North America held the largest regional market, accounting for the market share of over 36% in 2015, and is anticipated to dominate the global rapid microbiology tests market during the forecast period 2016 to 2022.  Large numbers of market-focused players providing wider range of product portfolio are the key to growth of the North America region. Asia Pacific is expected to grow at a highest growth rate during the focus period, due to increase in the number of laboratories in these regions and up gradation of existing ones for automation of various instrumentation systems. Moreover, the market is wide open for advancing rapid diagnostic technologies to improve the turnaround time of the tests as compared to the conventional microbiology testing methods.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Pharmaceutical Rapid Microbiology Testing buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Pharmaceutical Rapid Microbiology Testing contains:

Analysis and forecast of Pharmaceutical Rapid Microbiology Testing market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Pharmaceutical Rapid Microbiology Testing market;

Assessment and forecast of Pharmaceutical Rapid Microbiology Testing market development;

Financial and business profiles of the leading companies in the Pharmaceutical Rapid Microbiology Testing industry.

Scope

– Up to date working Pharmaceutical Rapid Microbiology Testing data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Pharmaceutical Rapid Microbiology Testing for the period 2018 to 2026

– Planned Pharmaceutical Rapid Microbiology Testing additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Pharmaceutical Rapid Microbiology Testing projects by region, key countries, and companies

– Details of major planned Pharmaceutical Rapid Microbiology Testing projects in the world up to 2026

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