Top Factors Driving the Global Microbial Testing Market | Technavio
February 24 2018 - 2:23PM
Business Wire
Technavio market research analysts forecast the global
microbial testing market to grow at a CAGR of close to
11% during the period 2018-2022, according to their latest
report.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20180224005044/en/
Technavio has published a new market
research report on the global microbial testing market from
2018-2022. (Graphic: Business Wire)
This market research report segments the global microbial
testing market into the following applications (pharmaceutical
industry and healthcare industry) and key regions (the Americas,
APAC, and EMEA). The report analyses the progress and latest
developments in the market by taking into consideration the primary
drivers and top trends. Factors that can potentially obstruct the
growth of the market have been presented in the report to help
businesses make better decisions.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
Save more with Technavio. Buy 2 reports and get
the third for FREE: View all Technavio’s current
offers
In this report, Technavio analysts highlight the rise in older
adult population as a key factor contributing to the growth of the
global microbial testing market:
Rise in older adult
population
The increase in life expectancy is resulting in the growth in
older adult population. This long life is due to the shift in
causes of death from fatal acute infections to chronic conditions
like arthritis, diabetes, high cholesterol, and hypertension mainly
due to changes in lifestyle. The innovations and advancements in
medicine have resulted in decreased cases of disability. The above
mentioned demographic effects reflect the change in the global
geriatric population.
According to a senior analyst at Technavio
for life science and research tools, “The growing old age
population has resulted in an increase in expenditure on healthcare
for health check-ups, diagnosis of diseases and treatments. Some of
the common infections among the geriatric population are urinary
tract infections, elderly skin infections, bacterial pneumonia,
influenza, and gastrointestinal infections. Low immunity and low
metabolism among older adults make them prone to infections, which
can be identified through diagnostic tests such as microbial
testing. Therefore, infections in geriatric population result in an
increased demand for microbial testing, which provide information
required for treatment.”
Looking for more information on this market? Request a
free sample report
Technavio’s sample reports are free of charge and contain
multiple sections of the report such as the market size and
forecast, drivers, challenges, trends, and more.
Global microbial testing market
segmentation
Of the two major applications, the pharmaceutical industry
segment held the largest market share in 2017, accounting for
nearly 32% of the market. However, the market share for this
application is expected to decrease nearly 2% by 2022.
The Americas was the leading region for the global microbial
testing market in 2017, accounting for a market share of 42%.
By 2022, APAC is expected to witness a growth of nearly 1% whereas
EMEA and the Americas are expected to see a decline in their market
shares.
Big savings with Technavio this
February!
Get 20% OFF on all Education
Technology reports. This offer is valid only till the 28th of
this month.
OR
Celebrate winter sports with 23%
OFF on all reports in the Outdoor Gear library (Offer
valid from Feb 9-25).
About Technavio
Technavio is a leading global technology research and
advisory company. Their research and analysis focuses on emerging
market trends and provides actionable insights to help businesses
identify market opportunities and develop effective strategies to
optimize their market positions.
With over 500 specialized analysts, Technavio’s report library
consists of more than 10,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio’s comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
If you are interested in more information, please contact our
media team at media@technavio.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180224005044/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com