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Microbiology And Bacterial Culture For Industrial Testing Market 2024: Latest Trends, Growth Rate, Opportunity Assessment And Forecast To 2033
Microbiology And Bacterial Culture For Industrial Testing Market
According to The Business Research Company's, The microbiology and bacterial culture for industrial testing market size has grown rapidly in recent years. It will grow from $6.02 billion in 2023 to $6.68 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to demand for personalized medicine, global pandemic preparedness, growing awareness of healthcare-associated infections (HAIS), rising incidence of foodborne illnesses, and emerging markets and industrialization.
The microbiology and bacterial culture for industrial testing market size is expected to see rapid growth in the next few years. It will grow to $10.21 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to increasing incidence of foodborne illnesses, regulatory compliance, globalization of food supply chains, growing pharmaceutical industry, and environmental monitoring and water quality testing. Major trends in the forecast period include technological advancements, increasing investments in research and development (R&D), advanced analytical techniques, automation and robotics, and integration of data analytics.
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Market Drivers and Trends:
The rising incidences of foodborne disease are expected to propel the growth of the microbiology and bacterial culture for industrial testing market going forward. Foodborne diseases are illnesses caused by consuming contaminated food or beverages contaminated with pathogenic microorganisms, toxins, or chemical substances. The rise in foodborne incidents can be attributed to several factors, including changes in food production, distribution, and consumption patterns, globalization of food supply chains, inadequate food safety measures, antimicrobial resistance, climate change impacts on food production, and increasing consumption of high-risk foods. Microbiology and bacterial culture are integral to industrial testing for foodborne diseases, facilitating the detection and identification of pathogens, ensuring food safety, and preventing outbreaks through rigorous quality control measures. For instance, in February 2024, according to the UK Health Security Agency, a UK-based government body, in 2022, England and Wales reported 167 cases of listeriosis (severe infection caused by eating food contaminated with the bacterium Listeria monocytogenes), compared to 160 cases in 2021. Therefore, the rising incidences of foodborne diseases drive the growth of the microbiology and bacterial culture for industrial testing market.
Major companies operating in the microbiology and bacterial culture for industrial testing market are focusing on developing advanced products such as dehydrated and prepared culture media to gain a competitive edge in the market. Dehydrated and prepared culture media are formulations used in microbiology for cultivating microorganisms, which require reconstitution with water, while prepared media are ready-to-use formulations that facilitate microbial growth. For instance, in June 2022, Gold Standard Diagnostics Industrial Solutions, a US-based provider of diagnostic test kits, lab consumables, and automation solutions, introduced BACGro Culture Media, a line of culture media products designed to identify pathogenic microorganisms. The BACGro product line includes various advanced dehydrated and liquid media products that adhere to international standards and cater to various reference methods.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., 3M Company, Danaher Corporation, Merck KGaA, Becton, Dickinson, and Company (BD), Avantor Inc., Agilent Technologies Inc., PerkinElmer Inc., bioMérieux SA, Shimadzu Corporation, IDEXX Laboratories Inc., Bio-Rad Laboratories Inc., Dohler GmbH, Bruker Microbiology & Diagnostics, Eiken Chemical Co. Ltd., BioLegend, Hain Lifescience GmbH, Neogen Corporation, BrightGene, Hardy Diagnostics, LaMotte Company, Himedia Laboratories Pvt. Ltd., Scharlab S.L., Titan Biotech Limited, Serosep Ltd.
Microbiology And Bacterial Culture For Industrial Testing Market 2024 Key Insights:
• The microbiology and bacterial culture for industrial testing market size is expected to see rapid growth in the next few years. It will grow to $10.21 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%.
• Rising Foodborne Diseases Fuels Growth In Microbiology And Bacterial Culture For Industrial Testing Market
• Advancements In Dehydrated And Prepared Culture Media Products For Industrial Testing
• North America was the largest region in the microbiology and bacterial culture for industrial testing market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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