Global E. Coli Testing Market To Reach USD Around 2.0 Billion by 2021
Deerfield Beach, FL -- (SBWIRE) -- 12/04/2017 -- According to the report, the global E. coli testing market was valued at around USD 1.2 billion in 2015 and is expected to reach approximately USD 2.0 billion by 2021, growing at a CAGR of around 6.5% between 2016 and 2020.
Escherichia coli (E. coli) is a large and diverse group of bacteria which are found in the environment, foods, and intestines of people and animals. The membrane filtration technique is widely used for E. coli test. E. coli are used as indicator organisms to test the effectiveness of effluent disinfection in a wastewater treatment plant. While these organisms are generally harmless to human, that live under the same conditions that human pathogens live.
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The major driving factor for the global E. coli testing market is increasing government support for E. coli tests and the rising occurrence and high morbidity of E. coli. The development of drug-resistant species is another key factor is anticipated to drive the market growth in the years to come. However, the high cost of the enzyme-substrate test is expected to curb the market growth in the near future. Nonetheless, technological advancement coupled with increasing use of polymerase chain reaction (PCR) tests for environmental water testing is projected to open up new growth opportunities during the forecast period.
Based on testing methods, the E. coli testing market can be segmented into membrane filtration (MF), enzyme-substrate methods, polymerase chain reaction (PCR) tests, and others. Enzyme substrate tests accounted for largest share of the total market in 2015. Membrane filtration is another leading segment and expected to exhibit strong growth in the near future.
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The E. coli testing market is segmented on the basis of different end-user such as diagnostic laboratories, hospitals, wastewater treatment organizations, bottled water suppliers and others. Bottle water suppliers segment accounted for a large chunk of the market share in 2015. This growth is mainly attributed to increasing water pollution. Diagnostic laboratories segment is another key outlet and is expected to witness significant growth within the forecast period.
The E. coli testing market was dominated by Europe with the largest share of the total market in 2014. Europe is followed by Asia Pacific and North America in terms of revenue. This growth is mainly due to the occurrence of foodborne infections in Germany in 2011 due to the E. coli bacteria.Furthermore, Asia Pacific was another leading regional market in 2015. With increased government support coupled with increasing population, Asia Pacific is expected to witness robust growth during 2015 to 2021. However, Latin America and Middle East & Africa are also expected to exhibit significant growth over the forecast period.
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Some of the key players including in the E. coli testing market such as Abbott Laboratories, Danaher Corporation, Bio-Rad Laboratories, Enzo Life Sciences, Inc., and Hologic, Meridian Bioscience, Inc., Dickinson and Company among others.