Press release
Global Microbiological Testing of Water Market Size To Exceed USD 2.3 Billion By 2027 | CAGR of 7.4%
The Microbiological Testing of Water Market is expected to experience significant growth in the coming years. It is estimated to reach a value of USD 2.3 billion by 2027, growing at a compound annual growth rate (CAGR) of 7.4% from 2022.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=134733441
Among the different instruments used in microbiological water testing, the Reagent and test kits segment is projected to achieve the highest CAGR. This growth can be attributed to advancements in testing methods that allow for the analysis of larger sample sizes and reduce the time required for testing.
In terms of market dominance, the Pharmaceutical segment is projected to hold the largest market share during the forecast period. Microbiological water testing plays a crucial role in pharmaceutical research, particularly in identifying novel organisms used in drug development. It ensures the quality and safety of water used in the manufacture and research of pharmaceutical products, as contaminated water can have harmful microbiological effects and lead to waterborne outbreaks. Stringent regulatory requirements and adherence to Good Manufacturing Practices (GMP) necessitate microbiological water testing in the pharmaceutical industry.
The Asia Pacific region is expected to exhibit the highest CAGR in the Microbiological Testing of Water Market. Increasing awareness of microbiological water contaminants and their impact on human health is driving the demand for microbial water testing in this region. The rise of unauthorized companies selling untreated water from unregulated sources has further fueled the need for microbiological water testing.
Leading companies, such as Agilent Corporation (US), Shimadzu Corporation (Japan), and Thermo Fisher Scientific (US), have been providing microbiological water testing solutions to various Asian countries, particularly China.
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Key players in the market include 3M (US), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Döhler Group (Germany), Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Merck (Germany), PerkinElmer, Inc. (US), Bio-Rad Laboratories, Inc. (US), IDEXX Laboratories, Inc. (US), Avantor Inc. (US), Hardy Diagnostics (US), LaMotte Company (US), Accepta Ltd (UK), and General Laboratory Products (US).
These companies are focused on expanding their production facilities, launching new products, conducting extensive research and development, expanding geographically, and making strategic acquisitions to strengthen their market presence and increase their share in the supply chain.
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/microbiological-testing-of-water-market-134733441.html
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