Global Microbiology Laboratory Supplies Market 2018-2022

Overview of the global microbiology laboratory supplies market

Technavio’s market study identifies the growing geriatric population to be one of the primary growth factors for the microbiology laboratory supplies market. Globally, the geriatric population is growing steadily. Individuals above the age of 65 years are highly inflicted by diseases such as lung disease, cancer, and stroke. As the immune system deteriorates with age, aged people are highly susceptible to infections. Microbiology laboratory supplies are used for diagnosis and treatment and integral to improve the health of the geriatric population. Older population require diagnostic tests on a regular basis as they are influenced by low immunity and low metabolism. This drives the requirement for microbial testing that aids the physicians to make decisions based on the result, boosting the microbiology laboratory supplies market growth. Our market analysts estimate that the market will grow steadily at a CAGR of more than 5% by 2022.

The outsourcing of drug discovery and clinical trial processes will drive the growth of the microbiology laboratory supplies market. Due to the increased emphasis on R&D and drug discovery, several companies are focusing on manufacturing and marketing activities while outsourcing their drug discovery processes to subcontract laboratories. The growing outsourcing of microbiology laboratory supplies drives the sales of these equipment due to their expansive usage in the clinical trial process and impacts the microbiology laboratory supplies market value.

Companies covered

The microbiology laboratory supplies market is moderately fragmented owing to the presence of numerous large and small vendors. This market report offers information about the competitiveness of the microbiology equipment market an provides details about the strategies the companies have adopted. Additionally, Technavio’s market research analysts also provide information about the key areas the laboratory equipment manufacturers focus on to sustain the competition in the microbiology laboratory supplies market.    

This research report provides an analysis of the microbiology laboratory supplies market key vendors including:

• Becton, Dickinson and Company
• bioMérieux
• Danaher
• Merck
• QIAGEN
• Thermo Fisher Scientific

Segmentation by application and analysis of the microbiology laboratory supplies market

• Pharmaceutical
• Clinical

Our analyts have predicted that in terms of applications, the pharmaceutical segment will account for the maximum share of the microbiology laboratory supplies market till the end of the forecast period.

Geographical segmentation and analysis of the microbiology laboratory supplies market

• Americas
• APAC
• EMEA

The Americas will be the major revenue contributor to the microbiology equipment market till the end of the forecast period. The growth of the market in this region is mainly due the presence of a large number of microbiology labs and several laboratory supplies manufacturers.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global microbiology laboratory supplies market?
• What are the key market trends impacting the growth of the global microbiology laboratory supplies market?
• What are the challenges to market growth?
• Who are the key vendors in the global microbiology laboratory supplies market?
• What are the market opportunities and threats faced by the vendors in the global microbiology laboratory supplies 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 microbiology laboratory supplies market?

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