Market Overview:
Microbial testing is an analytical technique that is applicable for determining the number of microorganisms in food, beverages, biological samples, and environmental samples. The microbial testing market is expected to mark significant growth over the forecasted period owing to increasing consumer spending on laboratory instruments such as incubators, gram strainers, bacterial colony counters & others, and technological advancement. Microbial testing techniques exhibit chemical, biological, biochemical, and molecular methods. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on the fastest-growing verticals in the Pharmaceutical, Clinical, Food Testing, Energy, Chemical, and Material Manufacturing sector.
The Global Microbiology Testing market is expected to see growth rate of 6.7% and may see market size of USD4.97 Million by 2030,. Asia Pacific is projected to be the fastest-growing market, expanding at a CAGR of
% from 2023 to 2030.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M Company (United States), Accepta Ltd (United Kingdom), Agilent Technologies Inc. (United States), Aquagenx Llc (United States), Avantor Performance Materials Llc (United States), Biomrieux SA (France), Bio-Rad Laboratories Inc. (United States), Biotrack Bv (The Netherlands) and Danaher Corporation (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Microbiology Testing Market Study:
3M Company (United States), Accepta Ltd (United Kingdom), Agilent Technologies Inc. (United States), Aquagenx Llc (United States), Avantor Performance Materials Llc (United States), Biomrieux SA (France), Bio-Rad Laboratories Inc. (United States), Biotrack Bv (The Netherlands) and Danaher Corporation (United States)
Microbiology Testing Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Pharmaceutical, Clinical, Food Testing, Energy, Chemical and Material Manufacturing and Environment |
Type | Instruments and Reagents |
Disease Area | Respiratory Diseases,Bloodstream Infections,Gastrointestinal Diseases,Sexually Transmitted diseases,Urinary Tract Infections,Periodontal Diseases,Other |
Influencing Trend:
Collaboration and Tie Up Of Leading Players and Substitutes Available For Microbiology Testing
Market Growth Drivers:
Rising Incidence of Infectious Diseases Boosts the Market. and Growing Outbreaks of Epidemics.
Challenges:
Limitations Due to Environmental Pollution Is Anticipated To Challenge The Market.
Restraints:
Limited Reimbursement Policies Hampers the Microbiology Testing Market. and Toxic Side Effects Associated with Microbiology Testing Market.
Opportunities:
Proliferation of Real-Time PCR and In Situ Hybridization Leads to Grow the Microbiology Testing Market. and Upsurge Demand Due to Funding and Investments from Public-Private Companies.
Some of the other players that are also part of study are Abbott Laboratories (United States) and Bio-Rad Laboratories, Inc. (United States). The Global Microbiology Testing market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In May 2018, BioMérieux launched an ENDOZYME II GO which is beneficial in providing innovative tests for the detection of endotoxins in pharmaceutical microbiology control. It also controls internal and standard dilutions for conventional endotoxin testing.
In November 2022: IDEXX acquired Tecta-PDS, an innovative Canadian company pioneering the automation of water microbiology testing for parameters such as E. coli and total coliforms. This acquisition has enabled IDEXX to expand its range of water microbiology testing options for both laboratory and field testing.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Microbiology Testing market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Microbiology Testing market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Microbiology Testing Manufacturers, Microbiology Testing Traders, End-Use Market Participants of Different Segments of Microbiology Testing, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.