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Exploring the Growth and Potential of the Microbiological Testing of Water Market || Merck Millipore, Thermo Fisher Scientific Inc., 3M, Avantor Inc
Microbiological Testing Of Water Market
The Business Research Company's Microbiological Testing Of Water Global Market Report 2023 identifies the increase in waterborne diseases is the major driver for the microbiological testing of the water market's growth in the forecast period. Waterborne diseases refer to ailments brought on by microscopic organisms consumed through tainted water or by contact with feces. The need to do more frequent microbiological testing of water sources has been heightened by the rise of water-borne diseases to guarantee that water that is fit for human consumption is available. For instance, according to the Waterborne Disease Risk Assessment Program 2021 Annual Report by the New York City Department of Health & Mental Hygiene Bureau of Communicable Disease and New York City Department of Environmental Protection Bureau of Water Supply, Giardiasis (an intestinal infection due to unsafe water drinking) cases were reported in 811 patients in 2021 as opposed to 636 patients in 2020. Giardiasis cases per 100,000 people grew from 7.6 in 2020 to 9.8 in 2021, within the range of rates seen over the past ten years.
The global microbiological testing of water market size is expected to grow from $1.69 billion in 2022 to $1.82 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of microbiological testing of water market is expected to reach $2.45 billion in 2027 at a CAGR of 7.7%.
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Major competitors in the microbiological testing of water market are Merck Millipore, Thermo Fisher Scientific Inc., 3M, Avantor Inc., Agilent Technologies Inc., Steris Laboratories, Sigma-Aldrich Corporation, PerkinElmer Inc., Shimadzu Corporation, IDEXX Laboratories Inc., Sysmex, Bio-Rad Laboratories Inc.
A key trend in the microbiological testing of the water market includes technological advancements. Major companies operating in the microbiological testing of the water market are adopting new technologies to sustain their position in the market. For instance, in April 2022, Hygiena, a UK-based biotechnology research company, launched RapiScreen Beverage Kit. This ultra-rapid microbiological screening kit for low-pH beverages uses the Innovate System to enable high-performance testing. The technique employs a straightforward three-step procedure that simplifies test setup and reduces operator hands-on time.
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The microbiological testing of water market is segmented -
• By Type: Instruments, Reagents And Test Kits
• By Pathogen Type: Legionella, Coliform, Salmonella, Clostridium, Vibrio
• By Water Type: Drinking And Bottle, Industrial Water4) By Industry: Pharmaceuticals, Food, Clinical, Environmental, Chemical And Material, Energy
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the microbiological testing of water market.
The Business Research Company's "Global Microbiological Testing Of Water Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Microbiological Testing Of Water Market Include:
1. Executive Summary
2. Microbiological Testing Of Water Market Characteristics
3. Microbiological Testing Of Water Market Trends And Strategies
4. Microbiological Testing Of Water Market - Macro Economic Scenario
5. Microbiological Testing Of Water Market Size And Growth
……………
27. Microbiological Testing Of Water Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Microbiological Testing Of Water Market
29. Microbiological Testing Of Water Market Future Outlook And Potential Analysis
30. Appendix
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