This market research report includes a detailed segmentation of the global E.coli testing market by product type (consumables and instruments), and by technology platforms (molecular diagnostics, immunoassay, and others). It also outlines the market shares of key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Alere, Becton, Dickinson and Company, bioMérieux, and Meridian Bioscience.
Technavio’s market research analysts estimate the global E.coli testing market, to grow at a CAGR of 6% between 2016 and 2020. Increasing incidence of diarrhea and high demand for accurate diagnostic technology are the major factors that drive the growth of the global Escherichia coli (E. coli) E. coli testing market. E.coli testing is used for the diagnosis of GI infections that leads to diarrhea, hence, the increasing incidence of the diarrheal disease is creating a demand for such testing, thereby, leading to market growth. The Americas account for 53% of the overall market share, owing to the growing public awareness, increase in product launches, and numerous FDA approvals for new instruments in the region.
The new market research report from Technavio provides a breakdown and analysis of the E.coli testing segments by technology.
“The increasing adoption of multiplexing PCR technology is the latest trend gaining traction in this market. Multiplexing PCR technology offers analysis of two or more analyte from the samples that leads to improved efficiency of overall procedures. For instance, Luminex’s xTAG Gastrointestinal Pathogen Panel (GPP) and BioFire’s The FilmArray Gastrointestinal (GI) Panel are the leading products in the E.coli testing market,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research
The consumables segment dominates the E.coli testing market, occupying around 84% of the total market share. Increasing demand for assay and rapid test kits are the main factors fueling the demand for consumables among the consumers. Rapid test methods are cost-effective compared to automated instruments, hence they are highly preferred in a laboratory and clinical setup.
The key vendors in the E.coli testing market are Alere, Becton, Dickinson and Company, bioMérieux, and Meridian Bioscience. This market is fragmented, with intense competition among small and medium-sized manufacturers that provide E.coli test products. Also, the emerging economies of China, India, and Brazil present vast opportunities for the vendors to launch their E.coli test instrument and test kits. Therefore, vendors are associating with distributors and local vendors based in these emerging economies to enhance their position in the E.coli testing market.
A more detailed analysis is available in the Technavio report, Global E. Coli Testing Market 2016-2020.
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