Albany, NY, March 11, 2016 (GLOBE NEWSWIRE) -- The research study from Transparency Market Research on the global E. coli testing market offers valuable insights into the market. This report is titled “E. coli Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022”. According to the report, the global E. coli testing market will expand at a 6.58% CAGR during the forecast period from 2014 to 2022. In 2013, the global E. coli testing market was estimated at US$1.2 bn and by 2022, the market is projected to be worth US$2.1 bn.
The global E. coli testing market is driven by the rapid spread of E. coli and high morbidity associated with it. Furthermore, the development of drug-resistant species will also fuel the global E. coli testing market. The rising number of supportive initiatives from governments across the world will also boost the demand for E. coli tests. On the other hand, the global E. coli testing market will be suppressed by the high cost associated with the enzyme-substrate test in comparison to separate apparatus.
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By testing method, the global E. coli testing market is divided into clinical testing and environmental testing. Some of the key environmental testing methods are the enzyme substrate method, multiple tube fermentation (MTF), and membrane filtration (MF). Some of the clinical testing methods are enzyme immunoassays (EIA) and polymerase chain reaction (PCR) tests. MTF is one of the oldest testing methods for E. coli and is currently being extensively replaced by the membrane filtration technique.
The demand for enzyme substrate kits has increased in the past few years, as these methods are easy to perform and do not call for sophisticated laboratory equipment. The enzyme substrate tests segment accounts for a significant share in the global E. coli testing market in terms of revenue. In terms of volume, the membrane filtration method is dominating the global E. coli testing market, as this method is a cost-effective substitute to enzyme substrate tests.
On the basis of end use, the global E. coli testing market is divided into clinical (physician offices, diagnostic laboratories, and hospitals) and environmental (waste water treatment organizations, bottled water suppliers, home and drinking water suppliers, and others) testing. The demand is particularly high in the home and drinking water suppliers segment and in the bottled water suppliers segment.
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Region-wise, the global E. coli testing market is classified into Africa, Latin America, Asia Pacific, Europe, and North America. In 2013, Europe dominated the global E. coli testing market due to the outbreak of foodborne infections that occurred in Germany in 2011 due to an E. coli strain. Nevertheless, it is Asia Pacific that is projected to be the most lucrative segment of the global E. coli testing market. The Asia Pacific segment of the global E. coli testing market will expand at a CAGR of 6.92% during the forecasting horizon. The Asia Pacific market will benefit from elevated water pollution in nations such as India, Japan, and China.
Some of the key players operating in the global E. coli testing market are Ecolab, CPI International, Nelson Analytical Lab, NanoLogix, Micrology Laboratories, Danaher Corporation, Thermo Fisher Scientific, and Abbott Laboratories. Players in the global E. coli testing market will benefit from the opportunity presented by the polymerase chain reaction- (PCR) based tests for environment water testing.
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research