Microbiology Testing Market Worth USD 9.26 billion by the year 2030

Market Analysis and Size:
The microbiology testing market is experiencing significant growth, driven by an increasing number of aerobic and anaerobic tests. Factors such as the high prevalence of diseases like influenza, which affects around 7 million people in the U.S. annually, contribute to the growth. Moreover, new government policies aimed at enhancing diagnostic and testing processes are further boosting the market. Data Bridge Market Research predicts that the market, valued at USD 4.61 billion in 2022, will reach USD 9.26 billion by 2030, with a projected Compound Annual Growth Rate (CAGR) of 9.1% during the forecast period from 2023 to 2030.

Market Definition:
Microbiology testing involves analytical techniques to identify microorganisms in various samples, including biological, food and beverage, and environmental samples. It utilizes chemical, biological, molecular, and biochemical methods, focusing on disease-causing and spoilage microorganisms. Common tests include polymerase chain reaction (PCR), immunoassays, and culture media.

Global Microbiology Testing Market Scope:

Segmented by test type, product, indication, application, and end-user, the market provides insights into niche growth segments and core market applications.
Test types include bacterial, viral, and fungal testing.
Products comprise instruments and reagents.
Indications range from respiratory diseases to periodontal diseases.
Applications encompass pharmaceutical, food testing, clinical, energy, chemical and material manufacturing, and environmental applications.
End-users include hospitals and diagnostic centers, custom lab service providers, and academic and research institutes.
Competitive Landscape:
The competitive landscape analysis delves into company profiles, financials, revenue generation, R&D investments, global presence, production capacities, product portfolios, and recent developments. Notable developments include IDEXX's acquisition of Tecta-PDS to expand water microbiology testing options and Archer Daniels Midland's launch of a new microbiology laboratory to enhance testing capabilities.

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This release was published on openPR.