Press release
Meticulous Research® Forecasts Microbiology Testing Market to Exceed $21.40 Billion by 2030
[Redding, California, March 13, 2024] - Meticulous Research®, a leading provider of market intelligence, unveils its latest comprehensive report titled "Microbiology Testing Market: Analysis by Product, Microorganism, Application, End User-Global Forecast to 2030." The report predicts that the global microbiology testing market will surge to a valuation of $21.40 billion by 2030, showcasing a robust Compound Annual Growth Rate (CAGR) of 5.9% from 2023 to 2030.Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5462
Microbiology testing plays a pivotal role across diverse industries, including pharmaceuticals, diagnostics, food & beverage, cosmetics, and more, aiding in the detection and mitigation of harmful microorganisms. This report encompasses a wide array of microbiology testing products, ranging from laboratory instruments and analyzers to kits, reagents, and other essential tools utilized for the detection of bacteria, fungi, viruses, and protozoa.
The market's growth is primarily driven by the escalating burden of infectious diseases, stringent regulations governing microbial contamination in pharmaceutical and food & beverage manufacturing, technological advancements in microbiology testing, and increased funding for research on infectious diseases.
Microbiology Testing Market: Future Outlook
The global microbiology testing market is segmented based on Product, Microorganism Type, Application, End User, and Geography.
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Based on product, the global microbiology testing market is segmented into laboratory instruments and analyzers; kits, stains, culture, media, and reagents; and other products. In 2023, the laboratory instruments and analyzers segment is expected to account for the largest share of the microbiology testing market. The laboratory instruments and analyzers segment is further sub-segmented into microbial identification systems, PCR systems, mass spectrometers, high-performance liquid chromatography (HPLC) systems, laminar air flow systems, microbial air samplers, stainers, culture media systems, cell/colony counters, media preparators, incubators, autoclave, microscopes, and other instruments and analyzers.
The large market share of this segment is attributed to the significant adoption of laboratory instruments in academic & research institutes, technological advancements in terms of automation in microbiology testing, and the increasing burden of infectious diseases.
Based on microorganism type, the global microbiology testing market is segmented into bacteria, fungi, and other microorganism types. In 2023, the bacteria segment is expected to account for the largest share of the microbiology testing market. Bacterial contamination is the most common type of contamination in many industries. For example, bacteria such as Bacillus cereus, Campylobacter, Clostridium perfringens, and E. coli affect food safety negatively.
Bacterial contamination is the most common cause of food poisoning. Thus, food manufacturing companies need to strictly comply with GMP guidelines and take additional efforts to ensure that the food is processed in hygienic conditions and free from microbial contaminations. 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.
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Based on application, the global microbiology testing market is segmented into pharmaceutical testing, diagnostic testing, food & beverage testing, environmental testing, cosmetic testing, and other applications. In 2023, 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 diagnosis, and improving healthcare expenditure.
Based on end user, the global microbiology testing market is segmented into hospitals and diagnostic labs, analytical and quality laboratories, and academic & research institutes. In 2023, 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 large prevalence of infectious diseases such as COVID-19, malaria, dengue, gastrointestinal infections, tuberculosis, and HIV; rising adoption of laboratory instruments in hospitals and diagnostic labs; and technological advancements in microbiology testing automation.
Based on geography, the global microbiology testing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the microbiology testing market. The large share of this market is primarily attributed to the large prevalence of infectious diseases, stringent GMP regulation for the manufacturing industry, high penetration of advanced microbiology testing products, and well-established distribution channel for microbiology testing products.
Quick Buy - Microbiology Testing Market - Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/35599912
Key Market Players
Key players driving innovation in the global 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.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
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APAC: +91 744-7780008
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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
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