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Virology And Bacteriology Market Anticipated To Witness Robust Growth, Surpassing $3.78 Billion By 2029
The Virology And Bacteriology Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Virology And Bacteriology Market Size and Its Estimated Growth Rate?
The virology and bacteriology market will grow from $2.44 billion in 2024 to $2.67 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth is attributed to increasing global travel, demand for rapid diagnostic tests, globalization, growth in research on zoonotic diseases, and expansion of educational programs.
The virology and bacteriology market is projected to see strong growth, reaching $3.78 billion in 2029, with a CAGR of 9.1%. The growth is driven by the increasing prevalence of infectious diseases, expanding health infrastructure, rising research activities, growing disposable income, and an increase in aerobic and anaerobic tests. Trends include technological advancements, personalized medicine, AI integration, vaccine technology, and telem
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How Are Emerging Segments Shaping the Virology And Bacteriology Market Landscape?
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 Growth Factors Are Influencing Virology And Bacteriology Market Expansion?
The rise in infectious diseases is expected to propel the growth of the virology and bacteriology market. Infectious diseases are caused by microorganisms such as bacteria, viruses, fungi, or parasites. The increasing prevalence is linked to globalization, urbanization, antimicrobial resistance, and environmental changes. Testing in virology and bacteriology helps identify pathogens and aids in targeted treatment. For example, tuberculosis cases in the U.S. increased by 5.9% from 2021 to 2022. As a result, the increasing incidence of infectious diseases will drive the virology and bacteriology market.
Who Are the Dominant Players Across Different Virology And Bacteriology Market Segments?
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 dic*kinson 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 Latest Developing Trends in the Virology And Bacteriology Market?
Major Companies in the virology and bacteriology market are developing new products like bacteria detection kits to improve diagnostic capabilities and tackle infectious diseases. Bacteria detection kits are diagnostic tools used to identify bacteria in blood, urine, food, or environmental samples. In December 2023, HiMedia Laboratories LLC, an India-based bioscience company, collaborated with NG Biotech, a France-based diagnostic tool manufacturer, to launch the NG-Test CARBA 5 kits. These kits, approved by the Central Drugs Standard Control Organization (CDSCO), detect carbapenemase-producing bacteria and offer rapid, reliable results, helping clinicians make quick decisions in treating antimicrobial-resistant infections.
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Which Geographic Regions Are Expected to Dominate the Virology And Bacteriology Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Virology And Bacteriology Market?
2. What is the CAGR expected in the Virology And Bacteriology Market?
3. What Are the Key Innovations Transforming the Virology And Bacteriology Industry?
4. Which Region Is Leading the Virology And Bacteriology Market?
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