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Hospital Microbiology Testing Market: Overview

Clinical microbiology plays an important role in an individual’s health and helps to manage infectious disease outbreak by identifying pathogens having potential to infect people. Hospital microbiology testing is a part of clinical laboratory testing involved in conducting multiple tests and blood collections in hospitals. It enables adequate management of threats of infectious diseases. Timeliness of diagnosis, appropriateness of treatment, advances in infectious disease practices and training of future practitioners are some of the factors driving the global hospital microbiology testing market.

Maintaining high quality microbiological laboratories in hospitals is currently the best approach for management of emerging infectious diseases. Intense focus on controlling healthcare expenditure has led to important changes in managing various infectious diseases. Additionally, hospital based microbiology testing enables effective communication between the physician and microbiology laboratory is other important aspect of on-site microbiology testing. Also, training future healthcare practitioners in hospitals is made easy due to ready access to microbiology laboratory. Such trainings are bound to get hampered in cases where microbiology testing laboratories are at distant location from hospitals.

Hospital Microbiology Testing Market: Segmentation

The global hospital microbiology testing market can be segmented based on disease type tests for AIDS, antrax, babesiosis, Candida, Adenovirus, Chancroid, chagas disease, Campylobacter, Brucella, Blastocystis hominis, Chlamydia, Cytomegalovirus, Clostridium difficile,    Coxsackieviruses, Creutzfeldt-Jakob's disease, Coronaviruses, Cyclospora cayetanensis, E. Coli, Ebola Virus, EchoVirus, Enteroviruses, Encephalitis,  Epstein-Barr virus, Gonorrhea, Giardia lamblia,  West Nile Virus, Tuberculosis,  Trichomonas vaginalis, Toxoplasmosis, Syphilis, Streptococci, Staphylococcus aureus and various others.

The market is also segmented based on the diagnostic technologies used in global hospital microbiology testing market. The diagnostic technologies include molecular diagnostics, monoclonal antibodies, immunoassays, differential light scattering, liposome, flow cytometry, chromatography, gel microdroplets and others. Geographically, the global hospital microbiology testing market is segmented into four major regions namely, North America, Europe, Asia-Pacific and Rest of the World.

Hospital Microbiology Testing Market: Trends and Drivers

Hospital microbiology testing overcomes the drawback of the important aspects such as specimen handling and transport. Delay in transportation of the specimen in distant laboratories not only impacts the testing but also the integrity of the specimen. This may lead to a false positive or false negative result of analysis which can be life threatening. Few examples which show broad variety of specimen samples are affected by delay in transport or testing include overgrowth of Shigella species or death of meningococci in cerebrospinal fluid if not cultured rapidly which in many cases may lead to false negative results.

Thus these issues are better addressed by inoculating specimens the hospitals itself and then transported to centralized laboratories if required. This initial process dictates the need of technologists and expertise in clinical microbiology and not generalist since initial processing of microbiology samples is critical.

In addition, reductions in reimbursement provided by governmental healthcare providers have led most of the hospitals and medical centers to undertake enhancement of their microbiological laboratory capabilities. It has also been suggested that hospital based microbiology laboratories should be offered easily obtainable annual grants depending on the hospital size and criticality of care.

With growing attention focused on increase in infectious diseases and improved quality of healthcare outcomes, it appears that managing of infectious disease can be best accomplished by maintaining microbiological testing laboratories on the same site i.e. in hospitals to promote good patient care outcomes and also to save money. Thus the goal of hospital microbiology testing includes achievement of excellence in patient care, affordable diagnosis and treatment and high quality outcome. Some of the key players contributing to the microbiology testing market include Abbott Diagnostics, Affymetrix, bioMerieux, Cepheid, Hologic, Ortho-Clinical Diagnostics, Qiagen, Roche Diagnostics, Siemens and Thermo Fischer Scientific.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Hospital Microbiology Testing Market

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