Press release
Microbiological Testing of Water Market: Increasing Demand and Growth Analysis (2024 - 2029)
Rising demand due to waterborne diseases and innovative testing solutions driving the market growth.
What Is The Projected Market Size Of The Global Microbiological Testing Of Water Market And Its Growth Rate?
The Microbiological Testing of Water market has seen substantial growth over the last few years and is projected to grow even further.
- The market size will grow from $1.95 billion in 2024 to $2.1 billion in 2025, at a compound annual growth rate (CAGR) of 7.5%.
- The market is expected to further increase to $2.95 billion in 2029, with a CAGR of 8.9%.
- The growth can be attributed to increasing awareness of waterborne diseases, environmental awareness, impact of urbanization and industrialization, emphasis on point-of-use testing, water security initiatives, and demand for real-time monitoring solutions.
What Is Driving The Growth In The Microbiological Testing Of Water Market?
Rise in waterborne diseases is triggering growth in the microbiological testing of water market. Waterborne diseases are caused by microscopic organisms that enter the body through contaminated water or contact with feces. The need to conduct frequent microbiological testing of water sources has been heightened by the rise of these diseases to ensure water safe for human consumption. For instance, cholera, a waterborne disease, is diagnosed every 45 seconds, leading to more than 4,000 deaths annually, primarily in areas with minimal access to clean water.
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Who Are the Key Players Driving Microbiological Testing Of Water Market Growth?
Key players in the microbiological testing of water market include:
- Thermo Fisher Scientific Inc.
- 3M
- Avantor Inc.
- Agilent Technologies Inc.
- Steris Laboratories
- Sigma-Aldrich Corporation
- PerkinElmer Inc.
- Shimadzu Corporation
- IDEXX Laboratories Inc.
- Sysmex
- Bio-Rad Laboratories Inc.
- Döhler Group SE.
- Pace Analytical
- Alcami Corporation
- Hardy Diagnostics
- LaMotte Company
- Gibraltar Laboratories Inc.
- Luminultra Technologies Ltd.
- Andersen Caledonia
- Accepta Water Treatment
- General Laboratory Products
- Aquagenx
- bNovate Technologies
- NanoAffix Science LLC
- Nelson Laboratories
- SGS Life Science Services
- Biotest Laboratories
What Are The Key Trends In The Microbiological Testing Of Water Market?
Key trends in the market:
- Increased focus on wastewater testing
- Demand for green testing solutions
- Growth in citizen science initiatives
- Adoption of next-generation sequencing (NGS)
- Expansion of blockchain technology for transparency
What Are The Segments Of The Global Microbiological Testing Of Water Market?
Segments of the global Microbiological Testing Of Water market are:
- By Type: Instruments, Reagents And Test Kits
- By Pathogen Type: Legionella, Coliform, Salmonella, Clostridium, Vibrio
- By Water Type: Drinking And Bottle, Industrial Water
- By Industry: Pharmaceuticals, Food, Clinical, Environmental, Chemical And Material, Energy
Which Region Leads The Microbiological Testing Of Water Market?
North America was the largest region in the microbiological testing of water market in 2024. The fastest-growing region is expected to be Asia-Pacific in the forecast period. Other regions covered in the microbiological testing of water market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Microbiological Testing Of Water Market Global Market Report?
- Market Size Analysis: Analyze the Microbiological Testing of Water Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Microbiological Testing of Water Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Microbiological Testing of Water Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Microbiological Testing of Water Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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