Microbiology Testing Market Projected to Reach $21.4 Billion by 2030

[Redding, California, February 23, 2024] - Meticulous Research®, a frontrunner in market research, has unveiled its latest comprehensive report titled, "Microbiology Testing Market by Product (PCR, Mass Spectrometer, HPLC, Stainer, Incubator, Microscopes, Kits, Reagents), Microorganism (Bacteria, Fungi, Virus), Application (Pharmaceutical, F&B, Environment, Cosmetic), End User - Global Forecast to 2030."

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According to the insights revealed in this cutting-edge publication from Meticulous Research®, the global microbiology testing market is poised to soar to a valuation of $21.4 billion by 2030, with a noteworthy Compound Annual Growth Rate (CAGR) of 5.9% from 2023 to 2030. This remarkable growth trajectory is fueled by several factors including the escalating burden of infectious diseases and epidemic outbreaks, stringent regulatory frameworks governing microbial contamination in pharmaceutical and food & beverage sectors, technological advancements in microbiology testing methodologies, and increased investment in research on infectious diseases by both public and private entities. However, the market growth may face challenges due to the high costs associated with microbiological instruments.

The global microbiology testing market is meticulously segmented based on Product (Laboratory Instruments and Analyzers; Kits and Reagents; and Other Products), Microorganism Type (Bacteria, Fungi, and Other Microorganism Types), Application (Pharmaceutical Testing, Diagnostic Testing, Food & Beverage Testing, Environmental Testing, Cosmetic Testing, and Other Applications), End User (Hospitals and Diagnostic Labs, Analytical and Quality Laboratories, and Academic & Research Institutes), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The report also conducts a comprehensive analysis of industry competitors and evaluates their market shares at both global and regional levels.

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Key Market Insights:
Based on product, the laboratory instruments and analyzers segment is expected to account for the largest share of the microbiology testing market. The large market share of this segment is primarily attributed to the rising private-public funding for research on infectious diseases and technological advancements in microbiology testing.

Based on microorganism type, the bacteria segment is expected to account for the largest share of the microbiology testing market. The large market share of this segment is primarily attributed to the large number of foodborne diseases caused by bacteria and stringent regulations for bacterial contamination in food & beverage manufacturing.

Based on application, the diagnostic testing segment is expected to account for the largest share of the microbiology testing market. The large market share of this segment is primarily attributed to the rising burden of infectious diseases and outbreaks of epidemics, technological advancements in microbiology testing, rising awareness about early disease diagnosis, and increasing healthcare expenditure.

Based on end user, the hospitals and diagnostic labs segment is expected to account for the largest share of the microbiology testing market. The large market share of this segment is primarily attributed to the prevalence of infectious diseases such as COVID-19, malaria, dengue, gastrointestinal infections, tuberculosis, and HIV; and technological advancements in terms of automation in microbiology testing.

The report provides an in-depth analysis of major geographies including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, offering insights into market dynamics and trends across these regions.

Quick Buy - Microbiology Testing Market - Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/51227686

Key Players:
Prominent companies operating in the microbiology testing market include bioMérieux SA, Danaher Corporation, Becton, Dickinson and Company, F. Hoffmann-La Roche Ltd, Bruker Corporation, Hologic, Inc., Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Merck KGaA, Intertek Group plc, Eurofins Scientific S.E., and Agilent Technologies, Inc.

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This release was published on openPR.