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Pharma Microbiology Testing Kits Market - Global Opportunity Analysis 2024
Pharma Microbiology Testing Kits Market
As per the report, 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 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%.
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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.
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%.
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
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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
Contents of the report:
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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