APAC to Witness Significant Growth in Microbiology Reagents Market through 2025
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.
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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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