PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419088
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419088
Industrial Microbiology Testing Services Market size was valued at USD 3,277.83 Million in 2022, expanding at a CAGR of 9.38% from 2023 to 2030.
The spread plate method, pour plate method, membrane filtration method, and multiple-tube fermentation (MPN) method are often employed techniques for microbiology testing analysis. a variety of microbial testing services to help our clients adhere to stringent GMPs during lot release, production, and stability testing.
The main factors driving the global market are the increasing use of advanced industrial microbiology techniques for the manufacturing of pharmaceutical and food and beverage products, the rapid spread of infectious diseases around the world, including the novel coronavirus disease and its emerging variants, and the growing public concerns about the efficacy and safety of these products. The development of new diagnostic techniques in microbiology has been greatly influenced by the advances in genetic and molecular biology. Additionally, the COVID-19 epidemic has encouraged company growth. For instance, in April 2021, scientists from Hospital Clinic, Universitat Pompeu Fabra, and Universitat de Barcelona reviewed the COVID-19 microbiological diagnosis method.
Furthermore, regulatory agencies require strict testing to maintain the integrity and quality control of the product, the market size will grow over the next few years. Furthermore, during the anticipated period, growth is anticipated to be driven by the food and beverage industry's increased acceptance of these testing procedures. The increased emphasis on food safety, industrial safety, and cleanliness is expected to drive up demand in the upcoming years. Additionally, during the projected period, there will be more attractive opportunities for market participants due to the rise in public-private funding for focused research projects, growing awareness of the benefits of microbiological tests, and an increase in the world's senior population.
The Global Industrial Microbiology Testing Services Market is segmented on the basis of Test Type, Application, End-User, and Region.
The market is divided into six categories based on Test Type: sterility testing, microbial limits testing, bio-burden testing, water testing, air monitoring tests, and others. The sterility testing segment dominates the market. Increasing development of life sciences is expected to boost the market growth.
The market is divided into five categories based on Application: pharmaceutical, agriculture, food, cosmetics & personal care, and others. The pharmaceutical segment dominates the market and is likely to maintain its dominance during the forecast period. The high prevalence of chronic and infectious diseases is supporting the is growth of pharma industry.
The market is divided into two categories based on End-User: pharmaceutical & biotechnology companies and research institutes. The pharmaceutical & biotechnology companies segment dominates the market and is likely to maintain its dominance during the forecast period. The growing demand for microbiology manufacturing and innovative testing services is boosting the segment growth.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Industrial Microbiology Testing Services market is formulated by small & large market players with moderate competition among companies. Major players have a lot of opportunities to profit from the ongoing demand for industrial microbiology testing services from various applications. Some of the prominent players focus on strategic initiatives like partnerships, mergers & acquisition to enhance their market presence.
In June 2023, The Colorado Department of Public Health & Environment (CDPHE) granted Eurofins Microbiology Laboratories, Inc. of Lafayette, Colorado to execute microbial hemp testing to ensure compliance.
The scope of this report covers the market by its major segments, which include as follows: