- Government's efforts towards creating awareness and battling spread of bacteria to propel growth in the market
- Multiple sources of bacterium and rapid spread posing greater risk of contracting infection, leading to higher demand for testing
ALBANY, New York, March 10, 2020 /PRNewswire/ -- Known for being a leading factor in causing a number of water and food borne diseases, the E. coli is a bacterium known to be a major cause of concern for health authorities in nations across the globe.
Some of the known factors underlying growth in the market over the coming few years include growing awareness, active participation of government and healthcare professionals in preventing contraction, and growing concerns regarding multiclass antibiotics resistant strains.
As per Transparency Market Research, "The global E. coli testing market would move from a valuation of USD 1.4 bn. in 2018 to USD 2.7 bn. by 2027, charting a growth rate of 7.5% from 2019 to 2027."
Key Findings of Global E. coli Testing Market Study
Clinical Testing Methods to be a prominent segment in the global market over the assessment period
Outbreaks sometimes spread across borders, leading to higher demand for efficient testing
Infections not limited to developing and underdeveloped nations; countries such as Germany and United States have faced the brunt in the past
Membrane Filtration test to dominate market growth in the low and middle income countries over the forecast period
Comprehensive analysis of global E. coli testing market is available in the 197-pages report prepared by Transparency Market Research. Gain business intelligence on E. coli Testing market by Testing Method - Environmental Testing Method (Membrane Filtration (MF), Multiple Tube Fermentation (MTF), and Enzyme Substrate Methods) and Clinical Testing Method (Polymerase Chain Reaction (PCR) Tests and Enzyme Immunoassays (EIA)); End User - Environmental Testing (Home and Drinking Water Suppliers, Bottled Water Suppliers, Waste Water Treatment Organizations, Government Agencies, Private Well Owners, Ground Water Testing, and Farm Water Testing) and Clinical Testing (Hospital, Diagnostic Laboratories, and Physician Offices)
Key Driving Factors of Global E. coli Testing Market
Governments across the world are demanding tests for presence of E. coli in a number of food items and water sources
Prevalence of bacteria that are resistant to multiple classes of antibiotics creating a pressing need for testing
In the year 2009, bottled water vendors were mandated to test water sources for such contaminants by the United States FDA
Frequent recalls of products such as romaine lettuce, and certain frozen produce underscoring growth in demand for efficient testing
22 states were impacted by E.Coli outbreak in the United States of America in 2018, infecting nearly 100 people
Major Impediments to Growth in the Global E. coli Testing Market
High cost of Enzyme Substrate test to hamper demand. While it is key product and costs somewhere between USD 3 and USD 6 per test, it is considered costly in comparison with individual apparatus. This is limiting uptake of enzyme substrate test in certain developing regions.
Regional Analysis of Global E. coli Testing Market
North America to command a major market share owing to notable healthcare spending, technological advancement and its quick adoption
Asia Pacific to grow at a notable pace as increase in demand for water testing kits emerges, particularly in countries such as China and India
Growing awareness in developing regions of the world to contribute to overall growth of the market in the assessment period
Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:
Pharmaceutical Membrane Filtration Market - The preparation of pharmaceutical solutions needs their passage over a thin polymeric film comprising several minute apertures. The intention is to eliminate nonviable and viable elements in order to sterilize the solution. Elements can be retained by electrostatic attraction, entrapment, or sieving. The major aperture size that would take sterilized filtrate is 0.2 microns. Membrane filters are either hydrophilic or hydrophobic. The rate of flow from a filter is affected by hindrance in the filter, pressure of the solution, and viscosity.
Polymerase Chain Reaction (PCR) Market - The global PCR market is expected to reach a market value of about US$ 7.0 Bn by the end of 2026, expanding at a high single digit CAGR during the forecast period. Rise in R&D expenditure, developments in pharmacogenomics, increase in trend of self-diagnosis of diseases as a preventive means, and emergence of digital PCR technology highly benefiting cancer diagnosis are some factors that are expected to boost the global PCR market during the forecast period.
Immunoassay Market - the global market for immunoassay stood at US$ 16.54 Bn in 2017, is anticipated to reach a value of US$ 28.61 Bn by the end of 2026. The market is expected to register a strong 6.20% CAGR between 2018 and 2026.
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