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Medical Microbiology Testing Technologies Market is expanding at a CAGR of 5.4% from 2016 to 2024

According to the research report, the research report, the global medical microbiology testing technologies market was valued at US$2.1 billion in 2015 and is expected to reach US$3.4 billion by the end of 2024. The global market is expected to expand at a CAGR of 5.4% between the forecast years of 2016 and 2024.

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Medical Microbiology Testing Technologies Market is expanding at a CAGR of 5.4% from 2016 to 2024

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  1. Medical Microbiology Testing Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024 Transparency Market Research points out that the leading players operating in the global medical microbiology testing technologies market Abbott Laboratories, Agilent Technologies, Becton, Dickinson and Company, and Beckman Coulter, Inc. These players are focused on new product development, diversification, market development, penetration to retain their dominance over the forecast period. According to the research report, the global medical microbiology testing technologies market is expected to be worth US$3.4 bn by the end of 2024 from US$2.1 bn in 2015. During the forecast years of 2016 and 2024, the global market is expected to expand at a CAGR of 5.4% due to the increasing demand for automation in the field of medical microbiology. Browse Full Research Report: http://www.transparencymarketresearch.com/microbiology-testing- technologies-market.html Geographically, this global medical microbiology testing technologies market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report suggests that Europe and North America will offer the global market lucrative opportunities in the near future. Europe is estimated to dominate the global market as the regional market expands at a CAGR of 4.8% between 2016 and 2024. The growing demand for improved microbiology technologies in the region is expected to boost the demand in the coming years. On the basis of indication, the global market for medical microbiology testing technologies is categorized into respiratory diseases, neurological diseases,

  2. infectious diseases, and others. Of all these segments, the infectious diseases segment is expected to acquire a share of 41% in the global market by the end of 2024 in terms of volume. The high incidence of infectious diseases across the globe is expected to drive this segment in the near future. The growing government investments in the research of life sciences and biological and medical sciences are largely responsible for the accelerated pace of growth of the overall market. The report predicts that government investments are likely to continue in the coming years as this research is characterized by high risk and long duration, which makes it unattractive for companies looking to make quick profits. The market is also expected to be driven by the high prevalence of infectious diseases and emerging infectious diseases, especially among the population of the developing nations. The commonly seen infectious diseases affecting individuals across the globe are impetigo, urinary tract infections, and pneumonia. Furthermore, the growing demand for automation in medical microbiology for specimen management, nucleic acid amplification, identification, microbial detection, and susceptibility testing is also estimated to benefit the global market. The global medical microbiology testing technologies market is being restrained by the high cost associated with various types of media. Analysts anticipate that the global market will also be held back due to the complexities involved in sample preparation techniques. The premium pricing of using medical microbiology technologies are also projected to limit the growth of the global market through the forecast period. Lastly, the impact of point-of-care testing is also proving to be a negative one on the overall market. Browse Full Press Release: Press Release

  3. About Us Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. Contact Us Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com

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