Microbiological Analytical Services Market - A Comprehensive Study by Key Players:Microbiological Associates, Inc., EMLab P&K, ARRO Laboratory, Inc., AVEKA, Inc., SGS, Modern Industries, Inc., Eurofins Microbiology, Turner Laboratories, Inc., 1Source Safe

MRA analyses that the microbiology testing market is expected to undergo a CAGR of 12.78% during the forecast period. This indicates that the market value, which was USD 5.12 billion in 2021, would rocket up to USD 13.24 billion by 2032. "Pharmaceutical Applications" dominates the application segment of the microbiology testing market owing to presence of well-established and globally accepted regulations that govern the evaluation of microbial contamination. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Growing number of aerobic and anaerobic tests related to mycobacteriology, parasitology and virology is carving the way for the growth of microbiology testing. According to world health organization, about 7 million people get infected by influenza in US every year. This leaves a wide scope of growth for research and development proficiencies pertaining to microbiology testing

Some of the Top companies Influencing this Market include:

Microbiological Associates, Inc., EMLab P&K, ARRO Laboratory, Inc., AVEKA, Inc., SGS, Modern Industries, Inc., Eurofins Microbiology, Turner Laboratories, Inc., 1Source Safety & Health, Inc., Barrow-Agee Laboratories, Mocon, Merieux NutriSciences, Enartis Vinquiry, Applied Consumer Services, Inc., Biosan Laboratories, Inc., Battelle, Inc., On-Site Mold Analysis, Inc., Zalco Laboratories, Inc.

Rising prevalence of diseases
Surging incidence rate of chronic and acute diseases all around the globe is carving the way for the growth of the market. In other words, growing cases of HIV, malaria, tuberculosis and pneumonia coupled with growing outbreaks and epidemics are directly influencing the growth of the market.

Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the integration of advanced technologies in the healthcare facilities and on the detection of infectious diseases is also bolstering the market growth rate.

Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the market growth rate. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities. Also, high return on investments assured by the research activities will also work in the favour of the market.

Additionally, growing number of orthopaedic and cardiac surgeries, surge in the personal disposable income level, introduction of technologically driven products in hospitals, increasing investment for the development of advanced medical products and devices and increase in food safety concerns , positively affect the market growth rate.

Opportunities

Furthermore, upsurge in the public-private funding for target research activities, growing awareness about the benefits of aerobic and anaerobic tests, rising geriatric population base and rise in the prevalence of cancer all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, surging number of strategic collaborations, rising internet penetration rate, growing number of hospitals and laboratories, increasing availability and affordability of low-cost clinical microbiology products and increasing per capita expenditure on health care will further expand the market's growth rate in the future.

Microbiological Analytical Services Market Types:

Testing, Consulting, Others.

Microbiological Analytical Services Market Applications:

SME (Small and Medium Enterprises), Large Enterprise

The report studies the key segments in the global Microbiological Analytical Services industry, their growth in the past few years, profiles and market sizes of individual segments, and gives a detailed overview of the profiles of various segments. The report also presents key products and various other products in the global Microbiological Analytical Services industry along with its market size and growth in the study period. The major demand drivers for the global Microbiological Analytical Services industry products and services are outlined in the report. The Microbiological Analytical Services report details some major success factors and risk factors of investing in certain segments.

nfectious diseases, such as HIV, human papillomavirus (HPV), and hepatitis B and C, are some forms of STDs that are severe and fatal, and thus the increasing incidences of such diseases are increasing the demand for the microbiology testing market. Increasing healthcare expenditure and the presence of better medical infrastructures, such as hospitals and clinical labs, are some other drivers augmenting the growth of the microbiology testing market.

Rapid growth observed in the geriatric population, increasing number of clinical researches in the field of clinical microbiology, rising incidences of infectious diseases, and increased funding, research grants, and public-private investments are some of the factors that are driving the microbiology testing market.

For instance,as per the report published by the World Health Organization in November 2021, reported that more than 1.0 million sexually transmitted infections are acquired globally and most of them are asymptomatic. It also reported that every year there are an estimated 374.0 million new infections with 1 out of 4 sexually transmitted infections such as gonorrhea, chlamydia, trichomoniasis, and syphilis.

Market Diversification: Extensive data on new goods, untapped geographies, recent advancements, and investment opportunities in the Microbiological Analytical Services market.

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North America Dominates the Market and Expected to do Same in the Forecast Period
Some of the factors that are driving the market growth in the North American region include better healthcare infrastructure, the rising burden of infectious diseases and outbreaks of epidemics, technological advancements in microbiology testing, and the presence of key market players in the country.

In the North American region, the COVID-19 pandemic highlighted the need for disease diagnosis and research organizations to collaborate with the government to develop new diagnostics tools in order to meet future health crises. In addition, the United States is the most COVID-affected country in the world. Thus, the demand for COVID-19 diagnosis is significantly high which shows a positive impact on market growth.

As per the report published by the Centers for Disease Control and Prevention in April 2022, around 677,769 cases of gonorrhea were reported. Gonorrhea also emerged as the second most common noticeable sexually transmitted infection in the United States.
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