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Pharmaceutical Rapid Microbiology Testing Market to Reach Worth USD 6.2 Bn by 2022

According to the latest report published by Credence Research, Inc. “Pharmaceutical Rapid Microbiology Testing Market – (Technology Type – Immunology based Methods, Nucleic acid based amplification tests, Mass Spectrometry based Methods, Flow Cytometry based Methods, Growth-based detection technologies, and Biochemical Tests; Application – Raw Material testing, In-Process testing, Microbial limit testing, Bioburden assessment, Process water testing, environment monitoring and sterility testing): Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the  market was valued at USD 3.4 Bn in 2015, and is expected to reach USD 6.2 Bn by 2022, expanding at a CAGR of 7.3% from 2016 to 2022. 

The purpose of the report is to illustrate the state of the market of Pharmaceutical Rapid Microbiology Testing, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

Browse here for full report: https://www.credenceresearch.com/report/pharmaceutical-rapid-microbiology-testing-market

Market Insights

Rapid microbiological tests are gaining momentum in the global market as a reliable and cost-effective method to track and monitor all types of microorganisms in pharmaceutical application as well as in other industrial settings. In addition, rapid microbiology tests offer faster and more accurate methods to assist in the rapid detection of microbes and early diagnosis, thus saving cost and inventory. North America held the largest regional market, accounting for the market share of over 36% in 2015, and is anticipated to dominate the global rapid microbiology tests market during the forecast period 2016 to 2022.  Large numbers of market-focused players providing wider range of product portfolio are the key to growth of the North America region. Asia Pacific is expected to grow at a highest growth rate during the focus period, due to increase in the number of laboratories in these regions and up gradation of existing ones for automation of various instrumentation systems. Moreover, the market is wide open for advancing rapid diagnostic technologies to improve the turnaround time of the tests as compared to the conventional microbiology testing methods.

Among the technology types, nucleic acid amplification technique held the largest share in the rapid microbiology tests in the pharmaceutical industry market due to its low cost and high efficacy. Moreover, the wide applications of nucleic acid amplification testing would further fuel the market growth in the coming years. Growth based detection technologies are anticipated to grow at a highest growth rate during the forecast period due to its faster turnaround time and accuracy in the detection of the microbes.

The sterility testing application held the largest share in the global rapid microbiology tests in pharmaceutical market due its wide application in the final drug product and other applications. Process water testing is anticipated to witness the highest growth in the global rapid microbiology tests in the pharmaceutical industry market during the forecast period of 2016 to 2022.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Pharmaceutical Rapid Microbiology Testing buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Pharmaceutical Rapid Microbiology Testing contains:

Analysis and forecast of Pharmaceutical Rapid Microbiology Testing market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Pharmaceutical Rapid Microbiology Testing market;

Assessment and forecast of Pharmaceutical Rapid Microbiology Testing market development;

Financial and business profiles of the leading companies in the Pharmaceutical Rapid Microbiology Testing industry.

Scope

– Up to date working Pharmaceutical Rapid Microbiology Testing data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Pharmaceutical Rapid Microbiology Testing for the period 2018 to 2026

– Planned Pharmaceutical Rapid Microbiology Testing additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Pharmaceutical Rapid Microbiology Testing projects by region, key countries, and companies

– Details of major planned Pharmaceutical Rapid Microbiology Testing projects in the world up to 2026

Also you can request us for sample in pdf with more details and graph: https://www.credenceresearch.com/sample-request/57970

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