Microbiology Solutions Market Opportunities, Business Forecast To 2029

The global microbiology solutions market size was valued at USD 11,172.4 million in 2022 and is expected to grow at a CAGR 8.6% from 2023 to 2029. The primary drivers of the expansion of the global microbiology solutions market include the increasing prevalence of infectious disease and increasing incidence of STD across the globe. In addition, advancement in technology development is expected to drive the market growth over the forecasted period.

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Clinical & Diagnostic Segment is expected to Dominate the Microbiology Solutions Market
Based on the application, the global Microbiology Solutions market is segmented into Pharmaceutical, Clinical & Diagnostics, Food and Beverages, Environmental, and Others. The Clinical & Diagnostics segment is expected to account for a larger revenue share in the global microbiology solutions market. The increase in prevalence of infectious disease and increasing demand for testing and diagnosis is expected to drive the growth of microbiology market in this region. The increasing demand of point of care testing due to its convenient and rapid results is expected to increase the demand for rapid diagnostic tests. In addition, the technological advancement in diagnostic equipment is expected to boost the growth of microbiology solutions market in this segment.

North America Microbiology Solutions Market
The North America microbiology solutions market is expected to increase over the forecast period due to the several market players present in this region. the increase in prevalence of infectious disease and increase in incidence of STD is expected to derive the market growth in this region. in addition, well-established healthcare infrastructure and increased healthcare investments in this region is expected to fuel the growth of microbiology solutions market in this region. furthermore, the focus of key market players in launch of new products and development of technologies is expected to boost the microbiology solutions market at an significant rate in this region. Asia Pacific and Europe are expected to have an significant growth over the forecasted period.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.

The global Microbiology Solutions market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In January 2023, BD launched fully automated robotic track system for microbiology labs. In August 2020, Biomerieux Launched Predictive Diagnostics, Pairing Microbiology Solutions with Data Science, Sequencing and Predictive Modeling.

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The Microbiology Solutions market is segmented based on product type, application, end user, test type, and geography

Based on the product type, the market is segmented into the following:
• Instruments
• Reagents and Kits
• Software and Services

Based on the application, the market is segmented into the following:
• Pharmaceutical
• Clinical & Diagnostics
• Food and Beverages
• Environmental
• Others

Based on the end user, the market is segmented into the following:
• Hospital and Diagnostic Laboratories
• Academic and Research Institutes
• Biopharmaceutical and Biotechnology Companies
• Food Testing Laboratories
• Others

Based on the test type, the market is segmented into the following:
• Microbial Identification
• Microbial Sterility Testing
• Microbial Limit Testing
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Key players profiles in the Microbiology Solutions market report are Thermo Fisher Scientific, Merck KGaA., Biomerieux SA, QIAGEN N.V, Bio-Rad Laboratories, Danaher Corporation, Roche Diagnostics, BD, Eppendorf AG, Bruker Corporation, Neogen Corporation.

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This release was published on openPR.