Global E coli Testing Market 2016-2020
- Published: Feb 2016
- Pages: 49
- SKU: IRTNTR8294
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This market research report includes a detailed segmentation of the global E.coli testing market by product type (consumables and instruments), and by technology platforms (molecular diagnostics, immunoassay, and others). It also outlines the market shares of key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Alere, Becton, Dickinson and Company, bioMérieux, and Meridian Bioscience.
Market outlook of E.coli testing
Technavio’s market research analyst predicts the global E.coli testing market to grow steadily at a CAGR of around 6% during the forecast period. The increasing incidence of diarrhea across the globe is the primary growth driver for this market. Globally, around 2 billion cases of diarrheal disease occur every year. Diarrhea presents a higher risk for people above 65 years old and children under five years. E.coli testing is used for the diagnosis of GI infections that leads to diarrhea, hence, the increasing incidence of the diarrheal disease is creating a demand for such testing, thereby, leading to market growth.
The increasing adoption of multiplexing PCR technology is also expected to boost the market growth during the forecast period. Multiplexing PCR technology offers analysis of two or more analyte from the samples that leads to improved efficiency of overall procedures. For instance, Luminex's xTAG Gastrointestinal Pathogen Panel (GPP) and BioFire's The FilmArray Gastrointestinal (GI) Panel are the leading products in the E.coli testing market.
Product segmentation and analysis of the E.coli testing market
- Consumables (assays, reagents, kits)
- Instruments (laboratory benchtop devices)
With a massive share of about 84%, the consumables segment dominated the E.coli testing market in 2015. Increasing demand for assay and rapid test kits are the main factors fueling the demand for consumables among the consumers. Rapid test methods are cost-effective compared to automated instruments, hence they are highly preferred in a laboratory and clinical setup.
Geographical segmentation and analysis of the E.coli testing market
The Americas accounted for almost 53% of the market share in 2015 and is expected to grow at a CAGR of over 5% during the forecast period. The growing public awareness, increase in product launches, and numerous FDA approvals for new instruments are the primary drivers for the market growth in this region.
Competitive landscape and key vendors
The global E.coli testing market is fragmented, with intense competition among small and medium-sized manufacturers that provide E.coli test products. Also, the emerging economies of China, India, and Brazil present vast opportunities for the vendors to launch their E.coli test instrument and test kits. Therefore, vendors are associating with distributors and local vendors based in these emerging economies to enhance their position in the E.coli testing market.
The leading vendors in the market are -
- Becton, Dickinson and Company
- Meridian Bioscience
Other prominent vendors in the market include Accugen Laboratories, Bio-Rad Laboratories, Diasorin, EIKEN CHEMICAL, Enzo Life Sciences, InstantLabs, Luminex Corporation, Mobidiag, Nanosphere, Pro-Lab Diagnostics, QIAGEN, Romer Labs, and Vivione Biosciences.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global E.coli testing market?
- What are the key market trends impacting the growth of the global E.coli testing market?
- What are the challenges to market growth?
- Who are the key vendors in the global E.coli testing market?
- What are the market opportunities and threats faced by the vendors in the global E.coli testing market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global E.coli testing market?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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