About Microbiology Testing
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.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 6.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Microbiology Testing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Abbott Laboratories (United States) and Bio-Rad Laboratories, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Microbiology Testing market by Type (Instruments and Reagents), Application (Pharmaceutical, Clinical, Food Testing, Energy, Chemical and Material Manufacturing and Environment) and Region.
On the basis of geography, the market of Microbiology Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Disease Area, the sub-segment i.e. Respiratory Diseases will boost the Microbiology Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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.
Market Leaders and their expansionary development strategies
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.
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.
Key Target Audience
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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.