LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global microbiology testing market 2017-2021 report. This market research report also lists 46 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global microbiology testing market is highly fragmented especially in the consumables segment with the presence of many vendors including niche vendors from across the globe. The presence of well diversified international and local vendors characterizes the market. Many vendors in the market are adopting the strategy of product bundling, which includes combining two or more products or services. This product bundling offers product differentiation with better product offerings. However, big vendors are continuously losing their market share to small and medium sized vendors owing to price differentiation.
“Prevalence of infectious diseases, such as AIDS, tuberculosis, malaria, and hepatitis C virus in under-developed and developing countries will boost the market. Vendors in the market are focusing on R&D for the development of new products for the treatment of infectious diseases. Growing awareness of diagnostics test among people in emerging markets such as Brazil, Eastern European countries, and APAC countries will drive the market,” says Barath Palada, a lead analyst at Technavio for in-vitro diagnostics research.
The report also states that rapid advances in technology and innovations have led to the development of multiplex microbiology testing products such as Luminex's xTAG Gastrointestinal Pathogen Panel (GPP) multiplexed nucleic acid test, which will lead to the growth of the market during the forecast period.
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Technavio healthcare and life sciences market research analysts identify the following key vendors:
Becton, Dickinson and Company
Becton, Dickinson and Company is a medical technology company that manufactures and markets a wide range of medical supplies, devices, and diagnostic products. The company mainly serves life science researchers, clinical laboratories, healthcare institutions, and pharmaceutical companies. The company manufactures and markets a wide range of microbiology testing devices through its diagnostic systems sub-segment of the BD Life Sciences segment.
bioMérieux is a global medical device company that develops, manufactures, and markets a wide range of in-vitro diagnostic systems and consumables for clinical and industrial applications. The company provides diagnostic solutions to improve patient health and ensure consumer safety.
Bio-Rad Laboratories manufactures innovative tools and services for the life science research and clinical diagnostics markets. It also provides a wide range of products and systems that are used to separate chemical and biological materials and analyze, identify, and purify components.
Danaher develops, manufactures, and markets diagnostic systems that automate complex biomedical testing. The company offers a wide range of clinical chemistry, integrated systems, and immunoassay for the microbiology testing. Its products are also used in diverse industries such as chemical and petroleum, cosmetics, and food processing industry.
Thermo Fisher Scientific
Thermo Fisher Scientific offers analytical instruments, reagents and consumables, equipment, software, and services for manufacturing, research, analysis, discovery, and diagnostics across the world. The company also offers aftermarket services, customer support, temperature-controlled repository services, and technical support for its enteric disease testing products.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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