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Mycoplasma Testing Market - Exploration Trends, Analysis, Growth Prospects And Forecast 2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Mycoplasma Testing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.71 billion In 2028 At A CAGR Of 12.2% :
The mycoplasma testing market size has grown rapidly in recent years. It will grow from $0.94 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to outbreaks and contamination incidents, increased awareness, biotechnology sector expansion, research and development initiatives, healthcare industry trends, rise in cell culture production.
The mycoplasma testing market size is expected to see rapid growth in the next few years. It will grow to $1.71 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to demand for quality assurance, emerging market demand, biopharmaceutical industry growth, rise in cell-based therapies, expansion of biotechnology sector. Major trends in the forecast period include regulatory standards and compliance, healthcare awareness and diagnostics, global pandemic preparedness, point-of-care testing innovation, market penetration in emerging economies.
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Mycoplasma Testing Market Major Segments
The mycoplasma testing market covered in this report is segmented -
1) By Product: Instruments, Assay, Kits, and Reagents
2) By Technology: PCR, ELISA, Enzymatic Methods, DNA Staining, Other Technologies
3) By Application: Cell line Testing, Virus Testing, End- of- Production Cell Testing
4) By End User: Pharmaceutical & Biotechnology Companies, Cell Banks & Laboratories, Contract Research Organizations, Academic Research Institutes
Key Driver - Rising Incidence Of Mycoplasma Pneumonia Fuels Growth In Mycoplasma Testing Market
The increasing prevalence of mycoplasma pneumonia is expected to propel the growth of the mycoplasma testing market going forward. Mycoplasma pneumonia refers to a respiratory infection caused by the bacteria Mycoplasma pneumoniae. Mycoplasma testing plays a crucial role in diagnosing Mycoplasma pneumonia by detecting the presence of Mycoplasma pneumoniae bacteria in respiratory specimens, aiding in the timely and accurate identification of the infection for appropriate medical treatment and management. For instance, in December 2023, according to the Centers for Disease Control and Prevention, a US-based government agency An estimated 2 million cases of Mycoplasma pneumoniae infections occur each year in the United States. Therefore, the increasing prevalence of mycoplasma pneumonia is driving the growth of the mycoplasma testing market.
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Prominent Trend - Innovative Strides Propel Mycoplasma Testing Market
Major players operating in the market are undertaking various strategic investments such as the launch of innovative products, research and development advancements, and technological innovations, which are gaining significant popularity in the mycoplasma testing market. Companies are introducing new innovative products to meet the requirements of end-users and expand the consumer base to survive in the competitive business environment. For instance, in October 2022, SwiftDx, a UK-based biotechnology company, launched a new detection test for mycoplasma contamination using a PCR-based method. The SwiftDx Mycoplasma Detection Kit is a lateral flow test that offers a quick and accurate way to detect mycoplasma. The test uses a small sample directly from the cell culture media supernatant without interrupting cell growth. The results are displayed in a simple and easy-to-read format. The test is highly sensitive and specific with a detection limit of less than 10 cfu/mL after day 3 of culture.
Mycoplasma Testing Market Players
Major companies operating in the mycoplasma testing market report are Abbott Laboratories, Merck KGaA, Thermo Fisher Scientific Inc., Boston Scientific Corporation, Olympus Corporation, Agilent Technologies Inc., Lonza Group AG, Roche Diagnostics International AG, Smith & Nephew plc, Charles River Laboratories International Inc., CONMED Corporation, Nelson Laboratories Fairfield Inc., AngioDynamics Inc., Creative Bioarray, Biological Industries Israel Beit Haemek Ltd., Biotools B & M Labs S.A, PromoCell GmbH, American Type Culture Collection, Bionique Testing Laboratories Inc., InvivoGen, Clongen Laboratories LLC, Norgen Biotek Corporation, Gen Bio Sciences (P) Ltd., GeneCopoeia Inc., Minerva Biolabs GmbH, Mycoplasma Experience, Savyon Diagnostics, ScienCell Research Laboratories Inc., AtriCure Inc., Advanced Cardiac Therapeutics Inc., ARTWORKSIT
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Largest And Fastest Growing Region In The Market
North America was the largest region in the mycoplasma testing market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the mycoplasma testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Mycoplasma Testing Market Report Structure
3. Mycoplasma Testing Market Trends And Strategies
4. Mycoplasma Testing Market - Macro Economic Scenario
5. Mycoplasma Testing Market Size And Growth
…..
27. Mycoplasma Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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