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Research Reports

Bacteriological Testing Market Size To Reach USD 21.59 Billion By 2028 – Reports and Data

Published by news degree

Posted on August 4, 2021

Featured image for article about Research Reports

Global increase of foodborne diseases, implementation of strict food regulations by the government, shift from culture based tests to rapid tests, increasing contamination of water reservoirs due to urbanization, are key factors contributing to high CAGR of Bacteriological testing market during forecast period.

According to the current analysis of Reports and Data, the global Bacteriological Testing market was valued at USD 11.99 Billion in 2020 and is expected to reach USD 21.59 Billion by 2028, at a CAGR of 7.6%.

Bacteriological Testing became a key aspect in today’s world where the consumption and applications in areas such as food and beverages, cosmetics, pharmaceutical, and healthcare are drastically increasing across the globe. The population is increasing, especially in developing countries like India and China. This Population also creates a demand for more food and water facilities, which are basic needs. In developing countries, the risk associated with diseases is a significant concern, and the bacteria is one of the reasons for mild to chronic infections. Bacterial infection can cause major trouble of disease due to contamination of food and water, which is a key market driver for the growth of the bacteriological testing market.

Considering the rise of chronic diseases, the demand for healthcare and pharmaceuticals is also increasing to tackle the problems associated with the disease or illness. The Pharmaceutical sector has to take keep a major check on the procedure because bacterial contamination can also create trouble with the medicines and its manufacturing procedures. Therefore, the need for bacteriological Testing in the pharmaceuticals is another major factor driving the growth of the bacteriological testing market.

The Government initiatives by the health ministries are rising to avoid the issues related to bacterial infections. The strict regulations are in food, water, and pharma industries to get industrial rectification, which is showing lucrative opportunities for Bacteriological testing market manufacturers.

However, the lack of medical facilities and professional expertise in the testing and diagnosis field and the high cost associated with the testing equipment are the major factors hindering the growth of the bacteriological testing market.

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Further key findings from the report suggest

Bacteriological Testing market is growing at a CAGR of 2% in Asia Pacific followed by North America and Europe, with 8.0% and 7.9% CAGR, respectively. Rising bacterial infections across the globe is the key factor to accelerate the bacteriological testing market growth during forecast period across all regions
As of 2018, Food & Beverages is the dominating Bacteriological Testing application which holds 32% of the global market. Asia-Pacific market is the chief revenue generating source for this product segment, followed by North America and Europe regions. The pharmaceutical segment is anticipated to grow at significant CAGR in the bacteriological testing market during the analysis period. This is accredited to key factors such as the existence of well-established & globally accepted regulations that govern the evaluation of bacterial contamination during pharmaceutical manufacturing and raw material sourcing coupled with the rising volume of pharmaceutical drugs sold every year, rise in safety concerns related to pharmaceutical manufacturing in developing countries, increase in market demand for safer drug formulations for disease treatment, and expansion of the drug development pipeline of major pharmaceutical manufacturers.
Microbiology Proficiency Testing Method is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 8.4%. However, associated costs are major challenge for the bacteriological testing market growth of this segment.
Other Application segment (that includes live-stock feed, chemical laboratories, and agricultural fertilizers) was valued at USD 900 million and is expected reach USD 1.94 billion by 2026.
North America is expected to account for the 33% of the global Bacteriological Test market. The availability of advanced technology in various states across the country will likely to help in high growth.
The lack of awareness amongst people in the society towards these tests and lack of facilities for the tests in the developing nations are likely to hinder the bacteriological testing market growth during the study period.
Key participants in bacteriological testing market include, SGS, Bureau Veritas, Intertek, Eurofins, ALS Ltd., Thermo Fisher, Merck, Agilent Technologies, Bio-Rad, and 3M Company.

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Segments covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2028. For this study, Reports and Data has segmented the Bacteriological Test market on the basis of bacteria type, application, testing methods, and region.

Bacteria Type (Revenue, USD Billion; 2018–2028)

Campylobacter
coli
Salmonella
Listeria
Coliform
Others

Application (Revenue, USD Billion; 2018–2028)

Food & Beverages
Water
Pharmaceuticals
Cosmetics
Other Applications

Testing Methods (Revenue, USD Billion; 2018–2028)

Air sampling
Culture media
Microscopy
Plate counts
Rapid test
Microbiology Proficiency testing

Regional Outlook (Revenue in USD Billion; 2018–2028)

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
Middle East & Africa
- Saudi Arabia
- South Africa
- Egypt
- Rest of MEA
Latin America
- Brazil
- Rest of LATAM

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Key Questions Answered by the Report:

What are the key growth driving and restraining factors of the Bacteriological Testing market?
What are key opportunities and growth prospects of the Bacteriological Testing industry is expected to witness over the forecast period?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
Which region is expected to dominate the market growth over the forecast period?
Which segments are expected to register lucrative growth over the forecast period?
What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?

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