Global Food Diagnostic Equipment and Consumables Market 2017-2021

Overview of the global food diagnostic equipment and consumables market

Research analysis on the global food diagnostic equipment and consumables market identifies that the growing prevalence of foodborne illness will be one of the major factors that will have a positive impact on the growth of the market. The growing prevalence of foodborne illness, F&B companies are adopting food diagnostic equipment and consumables. The vendors in market are focusing on food safety, which will grow, for instance, such as Roka Bioscience indicates the growing demand for food diagnostic equipment and consumables. Technavio's market research analysts predict that this market will grow at a CAGR of almost 7% by 2021.

In terms geography, the Americas will account for the highest revenue share of this market during the next four years due the increase in investments to improve food safety.  The presence of several regulatory organizations in the US and Canada has increased the adoption of food diagnostic equipment and consumables. Additionally, the stringent regulations that govern food safety and the growth in the volume of food exports, the adoption of food diagnostic equipment and consumables is expected to increase during the forecast period in the Americas.

Competitive landscape and key vendors

Owing to the presence of several large and small-scale vendors, this market appears to be fragmented and is competitive. The large vendors dominate their home markets and are constantly focusing on increasing their investments. The vendors in the market are focusing on developing innovative products and merging with other companies to sustain the market's competitive environment.

The leading vendors in the market are -

• 3M
• BioMérieux
• Danaher
• Shimadzu

The other prominent vendors in the market are Agilent Technologies, AMETEK, Bio-Rad Laboratories, Bruker Corporation, Charm Sciences, ELISA Technologies, Foss, Hygiena, Idexx Laboratories, Merck, Neogen Corporation, QIAGEN, Roka Bioscience, and Waters Corporation.

Segmentation by consumable type and analysis of the food diagnostic equipment and consumables market

• Reagents
• Test kits
• General labware

During 2016, the reagents segment accounted for the major shares in this market. The availability of reagents for each specific analysis. Additionally, increasing food safety reagents detect high-interest parameters related to labeling, toxins, additives, and sugars. Therefore, due to the repeated use, wide applicability, and easy handling and transport, the demand for reagents is expected to grow during the forecast period.

Segmentation by equipment type and analysis of the food diagnostic equipment and consumables market

• PCR systems
• Chromatography systems
• MS systems
• Immuno assay systems

The PCR systems contributes the highest revenue due to increased adoption of PCR systems by small F&B companies. The increasing of manufacturing of advanced probes in molecular biology, these tests generate specific results. The automation of PCR systems has reduced the time required to complete the test. Therefore, due to the high specificity and output obtained from PCR systems, has led to the increase in growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global food diagnostic equipment and consumables market?
• What are the key market trends impacting the growth of the global food diagnostic equipment and consumables market?
• What are the challenges to market growth?
• Who are the key vendors in the global food diagnostic equipment and consumables market?
• What are the market opportunities and threats faced by the vendors in the global food diagnostic equipment and consumables market?
• 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 food diagnostic equipment and consumables market?

Technavio also offers customization on reports based on specific client requirement.

Food diagnostic equipment and consumables are used for testing food for safety, nutrition, and chemistry and are important to the healthcare and life sciences industry, thus comprising an essential part of the lab equipment sector. The upcoming report on the global food diagnostic equipment and consumables market gathers market intelligence data by collating essential information from a wide range of parameters such as market size, supply chain practices, growth potential, and technological advancements to offer deep insights on Technavio's chemicals and materials industry.

Research analyst at Technavio gathers extensive data and information using primary and secondary research, and process them using complex statistical models to present an accurate analysis of the market landscape. Apart from that they also use literature review, case studies, empirical study, and secondary analysis as some of the research tools to come up with robust market growth forecasts.

The report on the global food diagnostic equipment and consumables market also covers some well-established players in the lab equipment sector along with emerging players such as Thermo Fisher Scientific, Danaher Corporation, Merck Kgaa, and Biomérieux Sa. To offer clients the scope to classify potential and emerging markets, the report also covers geographies like the Americas, APAC, and EMEA. Many reported cases of food mishaps have been seen in the recent times. To avoid such mishaps, stringent food regulations are being introduced, thereby driving innovations in the food diagnostic equipment sector.

The upcoming research report on the food diagnostic equipment and consumables market also comprises market intelligence parameters including business buying patterns, technological advancements, competitor's product portfolio, growth drivers, opportunities, and challenges faced by the industry. Technavio also provides deep-dive market assessments into the central nervous system and patient monitoring devices sector.

Our market research methodology for the global food diagnostic equipment and consumables market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.