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Leading Growth Driver in the Virology And Bacteriology Market in 2025: Rising Incidences Of Infectious Diseases Propel Growth In Virology And Bacteriology Market Driver's Influence
What Are the Market Size and Growth Forecast for the Virology And Bacteriology Market?In recent years, the virology and bacteriology market has experienced significant growth. The market will expand from a value of $2.44 billion in 2024 to $2.67 billion in 2025, showcasing a compound annual growth rate (CAGR) of 9.5%. The past growth can be ascribed to factors such as increased international travel, greater demand for quick diagnostic tests, expansion of globalization, advances in animal disease research, and the development of educational initiatives.
Expectations are high for robust expansion within the virology and bacteriology market in the upcoming years. By 2029, forecasts predict the market size growing at a compound annual growth rate (CAGR) of 9.1% to reach $3.78 billion. This projected growth during the forecast period can be accredited to factors such as increasing incidents of infectious diseases, enhancement of worldwide health facilities, surge in research pursuits, rise in disposable income, and an increase in aerobic and anaerobic testing. The forecast period will see dominant trends such as strides in technology, tailor-made medicine, the incorporation of artificial intelligence, evolution in vaccine technology, and the advent of telemedicine.
What Is Contributing to the Growth of the Virology And Bacteriology Market?
The escalating instances of infectious illnesses are anticipated to fuel the expansion of the virology and bacteriology marketplace. Infectious diseases, caused by malignant microorganisms like bacteria, viruses, fungi, or parasites, invade and reproduce within the body. These include diseases like influenza, tuberculosis (TB), HIV/AIDS, malaria, and so forth. The surge in infectious diseases is attributed to escalating challenges brought on by pathogens, potentially due to factors like globalization, urbanization, antimicrobial resistance, and changes in the environment. Virology and bacteriology tests assist in identifying infectious diseases because they can accurately pinpoint the pathogens responsible for the disease, enabling targeted treatment and control. For example, the US-based government agency, Centers for Disease Control and Prevention, stated in November 2023 that there was a 5.9% increase in tuberculosis (TB) cases in the US, going from 7,870 in 2021 to 8,331 in 2022. Consequently, the increasing occurrence of infectious diseases is set to drive the virology and bacteriology marketplace.
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Which Key Market Leaders Are Driving Virology And Bacteriology Industry Growth?
Major companies operating in the virology and bacteriology market are F. Hoffmann-La Roche AG, Merck KGaA, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Becton Dickinson and Company, Laboratory Corporation of America Holdings, Agilent Technologies Inc., Hologic Inc., bioMérieux SA, Bio-Rad Laboratories Inc., Bruker Corporation, Cepheid Inc., Eiken Chemical Co. Ltd., NEOGEN Corporation, Cerba Research, Luminex Corporation, Fujirebio Diagnostics Inc., Trinity Biotech plc, Microbiologics Inc., Bionano Genomics Inc., Scienion GmbH, Quidel Corporation
What Are the Emerging Trends in the Virology And Bacteriology Industry?
Key players in the virology and bacteriology market are concentrating their efforts on developing innovative items like bacteria detection kits, with the aim to enhance diagnostic capabilities and tackle infectious diseases effectively. These detection kits are designed as diagnostic tools to discover and examine bacterial presence in a variety of samples, including but not limited to blood, urine, food or environmental examples. To illustrate, in December 2023, HiMedia Laboratories LLC, an India-based bioscience firm, joined forces with NG Biotech, a French manufacturer of in vitro diagnostic tools, to unveil the NG-Test CARBA 5 kits. These kits, designed for the detection of carbapenemase-producing bacteria, received approval from the Central Drugs Standard Control Organization (CDSCO). Equipped with advanced technology, the kits can accurately indentify a wide range of antimicrobial-resistant bacteria, including those producing enzymes like carbapenemases. They give quick and trustworthy results, aiding in swift decision-making in clinical environments. The user-friendly kits are compatible with a diversified range of sample types, encompassing blood, urine, and environmental samples.
What Are the Main Segments in the Virology And Bacteriology Market?
The virology and bacteriologymarket covered in this report is segmented -
1) By Product: Equipment, Reagents
2) By Technology: Molecular Diagnostics, Immunoassays, Diagnostic Imaging, Information Technology
3) By End User: Hospitals, Diagnostic Centers, Research Laboratories, Blood Banks
Subsegments:
1) Equipment: Laboratory Equipment, Diagnostic Instruments
2) Reagents: Culture Media, Detection Kits
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Which Geographic Area Leads the Virology And Bacteriology Market?
North America was the largest region in the virology and bacteriology market in 2024. The regions covered in the virology and bacteriology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Virology And Bacteriology Global Market Report?
- Market Size Analysis: Analyze the Virology And Bacteriology Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Virology And Bacteriology 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 Virology And Bacteriology Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Virology And Bacteriology Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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