PUBLISHER: Lucintel | PRODUCT CODE: 1387406
PUBLISHER: Lucintel | PRODUCT CODE: 1387406
Microbiology Testing Trends and Forecast
The future of the global microbiology testing market looks promising with opportunities in the respiratory diseases, bloodstream infection, gastrointestinal diseases, sexually transmitted diseases, urinary tract infections, and periodontal diseases markets. The global microbiology testing market is expected to reach an estimated $8.8 billion by 2030 with a CAGR of 8.7% from 2024 to 2030. The major drivers for this market are increasing burden of infectious diseases and outbreak of epidemics, on-going technological advancements in microbiology testing, and growing government as well as private-public funding for research on infectious diseases.
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Microbiology Testing by Segment
The study includes a forecast for the global microbiology testing by product, test type, application, end use, and region.
Microbiology Testing Market by Product [Shipment Analysis by Value from 2018 to 2030]:
Microbiology Testing Market by Test Type [Shipment Analysis by Value from 2018 to 2030]:
Microbiology Testing Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Microbiology Testing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Microbiology Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Microbiology Testing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microbiology testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microbiology testing companies profiled in this report include-
Microbiology Testing Market Insights
Lucintel forecasts that instruments will remain the larger segment over the forecast period due to increasing testing volume and on-going technological advancements.
Within this market, respiratory diseases is expected to witness the highest growth due to the COVID-19 pandemic and growing requirement to identify and manage other respiratory ailments.
North America is expected to witness highest growth over the forecast period due to presence of advanced healthcare facilities and existence of key market players in the region.
Features of the Global Microbiology Testing Market
Market Size Estimates: Microbiology testing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Microbiology testing market size by various segments, such as by product, test type, application, end use, and region in terms of value ($B).
Regional Analysis: Microbiology testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, test types, applications, end uses, and regions for the microbiology testing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the microbiology testing market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the microbiology testing market size?
Answer: The global microbiology testing market is expected to reach an estimated $8.8 billion by 2030.
Q2. What is the growth forecast for microbiology testing market?
Answer: The global microbiology testing market is expected to grow with a CAGR of 8.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the microbiology testing market?
Answer: The major drivers for this market are increasing burden of infectious diseases and outbreak of epidemics, on-going technological advancements in microbiology testing, and growing government as well as private-public funding for research on infectious diseases.
Q4. What are the major segments for microbiology testing market?
Answer: The future of the microbiology testing market looks promising with opportunities in the respiratory diseases, bloodstream infection, gastrointestinal diseases, sexually transmitted diseases, urinary tract infections, and periodontal diseases markets.
Q5. Who are the key microbiology testing market companies?
Answer: Some of the key microbiology testing companies are as follows:
Q6. Which microbiology testing market segment will be the largest in future?
Answer: Lucintel forecasts that instruments will remain the larger segment over the forecast period due to increasing testing volume and on-going technological advancements.
Q7. In microbiology testing market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to presence of advanced healthcare facilities and existence of key market players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.