Global Microbiology Laboratory Supplies Market 2018-2022
About Microbiology Laboratory Supplies
Microbiology laboratory supplies include consumables that are repeatedly and periodically used to test for microbial contamination in products, and to ensure that they are free from this kind of contamination, which can arise at any stage of the product development life cycle.
Technavio’s analysts forecast the global microbiology laboratory supplies market to grow at a CAGR of 5.12% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global microbiology laboratory supplies market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Microbiology Laboratory Supplies Market 2018-2022
Technavio recognizes the following companies as the key players in the global microbiology laboratory supplies market: Becton, Dickinson and Company, bioMérieux, Danaher, Merck, QIAGEN, and Thermo Fisher Scientific.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is outsourcing of drug discovery and clinical trial processes. With increased emphasis on R&D and drug discovery, several small companies are outsourcing their drug discovery processes to subcontract laboratories, while limiting themselves to manufacturing and marketing activities.”
According to the report, one driver in the market is growing geriatric population. 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.
Further, the report states that one challenge in the market is high costs associated with cell culture failures. Microbiology testing is vulnerable to contamination; it is difficult for laboratory professionals to identify the exact cause of contamination. It leads to huge losses in terms of time and cost and negatively affects the adoption of microbiology laboratory supplies worldwide.
Becton, Dickinson and Company, bioMérieux, Danaher, Merck, QIAGEN, and Thermo Fisher Scientific.