Sun. Dec 5th, 2021

Increasing geriatric population is expected to drive the growth of the India microbiology reagents market during the forecast period.

According to TechSci Research report, India Microbiology Reagents Market By Type, By Type of Reagent, By Product Type, By End User Industry, By Company, By Region, Forecast & Opportunities, FY2026”, the India microbiology reagents market is expected to grow at a formidable rate during the forecast period. Growing advancements in technology are projected to act as a major market driving factor. Moreover, an increase in the count of microbial infections, including cancer, renal diseases, and urinary tract infections, among others, leads to a rise in the number of patients and requirement for continuous diagnosis of their health. This is further expected to fuel the market growth through FY2026. Furthermore, increasing investments in research and development activities by major market players are estimated to boost the growth of India microbiology reagents market. Growing demand for microbial testing of food along with favorable government policies is further expected to drive the market growth during the forecast period. However, short shelf life of microbiology reagents can act as a major impediment to the growth of India microbiology reagents industry over the next few years.

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The India microbiology reagents market is segmented based on type, type of reagent, product type, end user industry, company, and region. Based on end user industry, the market can be fragmented into healthcare, pharmaceuticals, food & beverage, agriculture, cosmetics, clinical microbiology, academia, others. The clinical microbiology segment is expected to dominate the market in the forthcoming years on account of the increasing number of clinical services across the country. In addition to this, a mounting number of microbiology based clinical trials is further contributing to the growing trend. Besides, the pharmaceutical segment is projected to witness high growth during the forecast years. This growth is accredited to the presence of well-established pharmaceutical companies coupled with a high volume of pharmaceutical drugs manufactured in the country.

Thermo Fisher Scientific India Ltd., Sigma-Aldrich Corporation, Becton Dickinson Private Limited, Siemens Healthineers India Ltd., Bio-Rad laboratories India Pvt.Ltd, bioMérieux India Ltd., Roche Diagnostics India Pvt Ltd, Sisco Research Laboratories Pvt Ltd, Biomark Laboratories India Ltd, Danaher India (DHR India Pvt. Ltd.) and others are some of the leading players operating in the India microbiology reagents industry. Companies operating in the market are using Go-To-Market strategies, such as product launches, mergers & acquisitions and research collaborations, to boost their share and increase their geographic reach.

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“India microbiology reagents market is expected to witness steady growth during the forecast period on account of growing geriatric population susceptible to various chronic diseases. Along with this, increased focus on offering better patient care is further forecasted to bode well for the growth of microbiology reagents market in the country. Moreover, the sudden outbreak of COVID-19 along with other outbreaks such as Zika virus, and Ebola, is further expected to create lucrative opportunities for the market growth of India microbiology reagents market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consulting firm.

India Microbiology Reagents Market By Type, By Type of Reagent, By Product Type, By End User Industry, By Company, By Region, Forecast & Opportunities, FY2026”, has evaluated the future growth potential of India microbiology reagents market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and enables investors to make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India microbiology reagents market.

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