openPR Logo
Press release

Microbiology Testing Market Size, Analysis and Forecast 2023-2029

Microbiology Testing Market Size, Analysis and Forecast

The global microbiology testing market size was valued at USD 3,913.6 million in 2022 and is poised to grow at a significant CAGR of 10.6% during the forecast period 2023-29. Growing cases of HIV, malaria, tuberculosis, and pneumonia coupled with growing outbreaks and epidemics are directly influencing the growth of the market. Rising R&D spending, particularly in established and developing nations, will generate more profitable market growth prospects for medical instruments and technologies. Research and development capabilities for integrating sophisticated technology in healthcare facilities and detecting infectious illnesses are also boosting market growth rates.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/microbiology-testing-market

The microbiology testing market is segmented based on product type, application, end user and geography.

Based on the Product Type, the market is segmented into the following:
• Instruments
• Chemicals & Reagents
• Consumables & Accessories
• Others

Based on the Application, the market is segmented into the following:
• Gastrointestinal Infections
• Respiratory Infections
• Urinary Tract Infections
• Bloodstream Infections
• Sexually Transmitted Infections
• Others

Based on the End User, the market is segmented into the following:
• Hospital Based Laboratories
• Independent Laboratories
• Academics & Research Institutes
• Others

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

The Chemicals & Reagents segment is expected to account for a larger revenue share and the market is expected to grow at double digit growth rate over the forecast years. Laboratory chemical reagent is a composite that is utilized in a chemical reaction to identify, examine, determine, or manufacture other chemical substances. The chemical reagents play an important role in the correctness of a chemical experiment. Increasing usage of broad range of reagents, adoption of reagents on rent strategies and other cost effective procedures by end users in recent periods will be expected to drive the chemicals and reagents segment over the forecast period.

North America Leads Microbiology Testing Market
North America is expected to hold a significant market share in the global Microbiology Testing market and is projected to grow at a prominent growth rate over the forecast years owing to the strong base of healthcare facilities, rising investment from key players in the growth of the advanced devices, well-established distribution channels for clinical microbiology product manufacturers and rising number of research activities in this region. Moreover, Asia-Pacific is expected to grow significantly as a result of increased government initiatives to raise awareness, an increase in medical tourism, expanding research activities in the region, a favourable regulatory scenario to improve the adoption rate of microbiology testing and other advanced diagnostic methods, and a growing demand for quality healthcare in the region.

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

Global Microbiology Testing market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In August 2020, Biotech firm codex DNA launched the BioXp3250 system. The automated platform for on-demand DNA assembly and amplification allows researchers to synthesize genes and genomes faster than ever, with the potential to accelerate the development of vaccines, diagnostics, and treatment.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=470497

Key player's profiles in the Microbiology Testing Market report are bioMérieux SA (France), Danaher. (US), BD (US), Abbott (US), F. Hoffmann-La Roche Ltd (Switzerland), Bruker (US), Hologic, Inc. (US), Bio-Rad Laboratories, Inc. (US), QIAGEN (Germany), Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), Merck KGaA (Germany), 3M (US).

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Microbiology Testing Market Size, Analysis and Forecast 2023-2029 here

News-ID: 3068962 • Views:

More Releases from Precision Business Insights

Biochar Market Growth Is Attributed To The Increased Production Of Biochar Through Pyrolysis Technology
Biochar Market Growth Is Attributed To The Increased Production Of Biochar Throu …
According to Precision Business Insights (PBI), the latest report biochar market was valued at USD 243.8 million in 2022, growing at a 12.6% CAGR during the forecast period 2023 to 2029. The rising demand for organic and eco-friendly products drives the biochar market. Utilizing biochar corresponds with organic farming methods, improving market prospects. Furthermore, biochar is a potential material for water treatment and remediation because of its capacity to absorb
Vapor Recovery Units Market Growth Is Attributed To The Increased Adoption Of Membrane Separation Technology
Vapor Recovery Units Market Growth Is Attributed To The Increased Adoption Of Me …
According to Precision Business Insights (PBI), latest report vapor recovery units market was valued at USD 923.7 million in 2022 and is poised to grow at a CAGR of 4.2% during the forecast period 2023 to 2029. The adoption of stringent environmental regulations by governments and international bodies to reduce air pollution and greenhouse gas emissions in various countries drives the demand for the vapor recovery unit's market. Furthermore, the
Pyrite Market Growth Is Attributed To The Increased Demand In Jewelry Industry
Pyrite Market Growth Is Attributed To The Increased Demand In Jewelry Industry
According to Precision Business Insights (PBI), latest report pyrite market is growing at 4.9% CAGR during the forecast period 2023 to 2029. The increased application of pyrite in the manufacturing of sulfuric acid drives the pyrite market. The increase of prices of gold has led to increased demand for imitation jewelry which is anticipated to propel the pyrite market growth. Furthermore, the demand for sulphuric acid in a variety of
Industrial Boilers Market Growth Is Attributed To The Increased Use In Power Generation
Industrial Boilers Market Growth Is Attributed To The Increased Use In Power Gen …
According to Precision Business Insights (PBI), the latest report industrial boilers market size was valued at USD 15,261.8 million in 2022 and is poised to grow at a 3.1% CAGR during the forecast period 2023 to 2029. The adoption of stringent environmental regulations to maintain emission standards and carbon reduction in several countries drives the industrial boilers market. Furthermore, the advancement in boiler technology, such as better combustion systems, greater

All 5 Releases


More Releases for Microbiology

Microbiology Testing/Clinical Microbiology Market: Future Innovations, Growth El …
The latest Microbiology Testing/Clinical Microbiology Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thoroughanalysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving Microbiology Testing/Clinical
Microbiology Testing or Clinical Microbiology Market Size, Share, Trends, Analys …
The Global Microbiology Testing or Clinical Microbiology Market is poised to value over USD 9.2 billion by 2027 end at a CAGR of over 10.6% during the forecast period 2020 to 2027. Microbiology Testing or Clinical Microbiology report provides a comprehensive analysis of competitive factors, consumer behavior, growth trends, product utilization, competitive analysis, brand positioning, and price patterns. Detailed pricing patterns are obtained by studying both the prices of major players
Microbiology Webinars
Conference Series LLC LTD, the world's leading Scientific Event Organizer invites all the Speakers, Delegates, Researchers, Students and Industrialists to attend 49th World Congress on Microbiology (Microbiology Webinar) on June 15 around the theme Fostering developments and applications in Microbiology. URL: https://europe.microbiologyconferences.com/ Microbiology 2020 webinar is a unique and exciting opportunity, have been designed in an interdisciplinary manner with a multitude of tracks to showcase the latest advancements and new
International Conference on Microbiology
We take immense pleasure to invite the participants from all over the world to attend "International Conference on Microbiology" during November 11-12, 2020 Tokyo, Japan with the theme "Recent advances in Microbiology" which includes Keynote presentations, Oral talks, Poster presentations and Exhibitions. The conference will majorly highlight the recent advances in the field of Microbiology. The aim of our conference is to provide an opportunity to exchange knowledge, expertise along with
Global Medical Microbiology Testing Technologies Market: Demand for Automation i …
Rapid identification of microorganisms in medical microbiology can be of great value for selection of ideal treatments for patients for infections caused by bacteria, viruses, fungus, mycobacterium, and parasites. It enables actual reduction from conventional broad spectrum antimicrobial agents to specific targeted antimicrobial therapy. The various advantages associated with medical microbiology testing technologies over conventional manual systems, such as automated microscopy and serological testing have been the primary growth drivers
Microbiology Testing Industry Demand for Automation in Microbiology Research Ass …
Microbiology testing Application: Microbiology testing is majorly used in pharmaceuticals/medical, food and beverages market, energy and in cosmetics market. The products such as Aqua Plate, Real-time PCR, food pathogen system, etc. are being used by laboratories to test water contamination, pharmaceuticals and food samples. Various methods such as culture testing method or food pathogen test are used to perform microbial testing on the microbial samples. Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/697 Key