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Microbial Testing Market worth $9.90 billion by 2030, growing at a CAGR of 14.81% - Exclusive Report by 360iResearch
Microbial Testing Market | 360iResearch
The Global Microbial Testing Market to grow from USD 3.76 billion in 2023 to USD 9.90 billion by 2030, at a CAGR of 14.81%.
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Microbiology testing is an analytical technique used to determine the microorganisms in numerous samples such as biological, food & beverage, and environmental samples. Microbiology testing uses chemical, biological, molecular, and biochemical methods and is applied to disease-causing and spoilage microorganisms. As per World Health Organization (WHO), around 7 million people get infected by influenza in the United States every year, creating a huge scope of growth for research and development proficiencies associated with microbiology testing. Several new government policies in enhancing the diagnostic and testing processes led to the growth of microbiology testing, as it is an essential component in testing viruses. However, concerns related to microbial testing instruments recall and the shortage of skilled workforce significantly impedes the utilization of microbial testing. In addition, emerging technological advancements in microbial testing technologies and improved medical infrastructures in hospitals and clinical labs are expected to create robust opportunities for developing the microbial testing market. Several newly developed molecular diagnostic methods such as real-time PCR, NGS, molecular cartridges, and PCR combined with mass spectrometry are employed for early identification and efficient treatment of pathogen-borne disorders and to analyze multiple samples in a single run.
In North America, huge healthcare facilities, increasing investment from major market players in the growth of advanced devices, well-established distribution channels for clinical microbiology product manufacturers, and a growing number of research activities boost the utilization of microbial testing methods. According to the National Institutes of Health (NIH), in May 2022, the funding for antimicrobial resistance research increased from USD 656 million in 2021 to USD 665 million in 2022. Such increasing investment in research by the government is propelling the growth of the microbiology testing market in the region. The rising government initiatives to raise awareness and favorable regulatory policies to increase the adoption rate for microbiology testing and the higher demand for quality healthcare facilities in the Asia-Pacific region enhance the adoption of microbial testing for various applications. In May 2022, Merck India established a Microbial Application Training lab (MATLab) in Bangalore for academic and commercial objectives. The lab invites Merck and other pharma and biopharma companies to work together to build up their skills for microbial investigation. The microbiological testing market is developing in Europe owing to technological developments, increasing infectious illnesses and epidemic outbreaks, rising healthcare costs, and expanding private-public support for infectious disease research. The rapidly growing geriatric population, growth in clinical research studies in clinical microbiology, and increasing funding, research grants, and investments are key factors influencing microbiology testing across Europe.
Market Segmentation & Coverage:
This research report categorizes the Microbial Testing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Instruments and Reagents. The Reagents commanded largest market share of 47.28% in 2023, followed by Instruments.
Based on Application, market is studied across Chemical & Material Manufacturing, Clinical, Energy, Environment, Food Testing, and Pharmaceutical. The Clinical is further studied across Bloodstream Infections, Gastrointestinal Diseases, Periodontal Diseases, Respiratory Diseases, Sexually Transmitted Diseases, and Urinary Tract Infections. The Clinical commanded largest market share of 40.51% in 2023, followed by Pharmaceutical.
Based on End-User, market is studied across Academic & Research Institutes, Hospitals & Diagnostic Centers, and Lab Service Providers. The Lab Service Providers commanded largest market share of 48.97% in 2023, followed by Hospitals & Diagnostic Centers.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.33% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Microbial Testing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Microbial Testing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Microbial Testing Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Abbott Laboratories, Accepta Ltd., AEMTEK Laboratories, Agilent Technologies, Inc., ALS Limited, ARL Bio Pharma, Inc., Beckman Coulter Inc., Becton, Dickinson and Company, Bio-Rad Laboratories Inc., bioMérieux SA, Biosan Laboratories, Inc., Bruker Corporation, Charles River Laboratories, Döhler GmbH, Ecolyse, Inc., Eurofins Scientific SE, F. Hoffmann-La Roche Ltd., Intertek Group PLC, LuminUltra Technologies Ltd., Medicinal Genomics Corp., Merck KGaA, Microbac Laboratories Inc., Nelson Laboratories, LLC, NEOGEN Corporation, QIAGEN N.V., Sartorius AG, SGS S.A., Shimazdu Corporation, Thermo Fisher Scientific Inc., and TÜV SÜD.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Microbial Testing Market, by Product
7. Microbial Testing Market, by Application
8. Microbial Testing Market, by End-User
9. Americas Microbial Testing Market
10. Asia-Pacific Microbial Testing Market
11. Europe, Middle East & Africa Microbial Testing Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Microbial Testing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Microbial Testing Market?
3. What is the competitive strategic window for opportunities in the Microbial Testing Market?
4. What are the technology trends and regulatory frameworks in the Microbial Testing Market?
5. What is the market share of the leading vendors in the Microbial Testing Market?
6. What modes and strategic moves are considered suitable for entering the Microbial Testing Market?
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