Pharma Microbiology Testing Kits Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : F. Hoffmann-La Roche AG, Becton Dickinson and Company, Abbott Laboratories

"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.

Pharma Microbiology Testing Kits 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 $9.72 billion In 2028 At A CAGR Of 9.4% :

The pharma microbiology testing kits market size has grown strongly in recent years. It will grow from $6.25 billion in 2023 to $6.77 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to growing demand for pharmaceuticals, increasing prevalence of infectious diseases, rising globalization, rising awareness of the importance of pharma microbiology testing, globalization of pharmaceutical production.

The pharma microbiology testing kits market size is expected to see strongly grown in the next few years. It will grow to $9.72 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing use of automation in pharma microbiology testing, rising investment in pharma microbiology testing research and development, growing adoption of new technologies in pharma microbiology testing, biopharmaceutical manufacturing, personalized medicine. Major trends in the forecast period include rapid microbial testing, point-of-care testing, single-use systems, digital integration, biosafety and biosecurity.

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Pharma Microbiology Testing Kits Market Major Segments
The pharma microbiology testing kits market covered in this report is segmented -

1) By Product: Consumables, Equipment
2) By Test: Endotoxin Testing, Sterility Testing, Microbial Examination, Environmental Monitoring, Other Tests
3) By End User: Hospitals & Diagnostic Centers, Custom Lab Service Providers, Academic & Research Institutes

Key Driver - Rising Incidence Of Infectious Diseases Fuels Growth

The rise in the incidence of infectious diseases is one of the prime drivers of the pharma microbiology testing kits market. According to CDC (Centre for Disease Control and Prevention), infectious diseases such as Hepatitis A, B, and C, sexually transmitted diseases (STDs), and human immunodeficiency virus (HIV) are increasing their prevalence globally. WHO report indicated that there were about 1.4 million cases of Hepatitis A reported globally every year. Hence the increasing number of infectious disease cases due to infected needle injections, unprotected sex, homelessness, lack of access to medical care, and other socioeconomic challenges drive the pharma microbiology testing kits market.

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Prominent Trend - Rising Trend Of Outsourcing In Pharma Microbiology Testing Kits Market

Outsourcing of microbiological testing to contract testing laboratories is becoming popular in the pharma microbiology testing kits market. Outsourcing of routine microbiological testing activities controls and ensures better quality and safety of raw materials, intermediates, and finished products. The contract testing laboratories are outsourced with some testing areas such as stability testing, raw material testing, method validation, microbial testing, environmental monitoring, physical characterization, batch-release testing, bioanalytical testing, and others. For instance, the global healthcare analytical testing market is projected to expand to $4.13 billion by 2021 at a growth rate of 11.3%.

Pharma Microbiology Testing Kits Market Players
Major companies operating in the pharma microbiology testing kits market include F. Hoffmann-La Roche AG, Becton Dickinson and Company, Abbott Laboratories, ThermoFisher Scientific, SGS SA, Toxikon Corp., Pace Analytical Services, Boston Analytics, Charles River Laboratories International, Nelson Laboratories, Siemens healthcare AG, Hologic Inc., Neogen Corporation, Shimadzu Corporation, Merck KGaA, Agilent TechnologiesInc., QIAGEN N.V., Bruker Corporation, bioMérieux SA, Lucideon, Lonza Group AG, MilliporeSigma, Hardy Diagnostics, Sartorius AG, 3M Company, Waters Corporation, PerkinElmer Inc., Luminex Corporation

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Largest And Fastest Growing Region In The Market
North America was the largest region in the pharma microbiology testing kits market in 2023. Western Europe was the second-largest region in the global pharma microbiology testing kits market report. The regions covered in the pharma microbiology testing kits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pharma Microbiology Testing Kits Market Report Structure
3. Pharma Microbiology Testing Kits Market Trends And Strategies
4. Pharma Microbiology Testing Kits Market - Macro Economic Scenario
5. Pharma Microbiology Testing Kits Market Size And Growth
…..
27. Pharma Microbiology Testing Kits Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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