Global Agricultural and Environmental Diagnostics Market to Reach US$2.4 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Agricultural and Environmental Diagnostics market. The global market for agricultural and environmental diagnostics is forecast to reach US$2.4 billion by the year 2015. Rising concerns over food and water safety worldwide continue to increase the need for testing contaminants thereby generating strong demand for Agricultural and Environmental Diagnostics. Increasing trend towards globalization, implementation of Hazard Analysis and Critical Control Point System (HACCP), developments such as genetically modified (GMO) crops, and concerns over food borne diseases are key factors driving the market for food diagnostics.

Agricultural And Environmental Diagnostics: A Global Strategic Business Report

Increasing occurrence of ailments from contaminated water and food has resulted in tougher measures and regulations over the years, boosting the demand for agriculture and environment diagnostics. As per the WHO estimates, contaminated food leads to 2.0 billion illnesses and 1.8 million deaths each year. Rising public concerns over food safety has created demand from the food industry regarding safety of food and food products, and the microbiological quality. The uplifting of trade barriers and the resulting improvement in international trade also indicate an increasing need for consolidation of food safety testing regulations since incidence of food-borne illness in various countries worldwide, are often attributed to imports of contaminated food products.

Europe constitutes the largest regional market for Agricultural and Environmental Diagnostics, accounting for more than 30% of the global market, as stated by the new market research report on Agricultural and Environmental Diagnostics. Growth is mainly expected to emanate from developing regions such as Latin America and Asia-Pacific. In terms of market segments, the global market is primarily driven by the Microbiology Testing sector, which account for more than 60% of the global market. Microbiology tests are expected to register higher growth rates due to transition to rapid methods from conventional microbiological testing methods. These include immunoassay-based, convenience-based, and molecular-based methods. Global demand for Food Residue Diagnostics is projected to rise at a CAGR of more than 4.0% during the analysis period. Demand for Environmental Testing in the US is projected to rise to US$46.2 million by 2012.

Major players profiled in the report include Biomerieux SA, Charm Sciences, C-Qentec Diagnostics, Eurofins Scientific, IDEXX Laboratories Inc., 3M company, Neogen Corp., R-Biopharm, and Strategic Diagnostics Inc.

The report titled “Agricultural And Environmental Diagnostics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Agricultural and Environmental Diagnostics market, current trends, growth drivers, new product introductions, recent industry activity, and focus on major and niche global market players. The study analyzes market data and analytics in terms of revenues for the global market by the following regions - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Product segments analyzed include Food Residue Diagnostics, Environmental Testing, and Microbiology Testing.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Agricultural_and_Environmental_Diagnostics_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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