Global Bacteriological Testing Market
- POSTED ON Thursday, June 10, 2021
The Global Bacteriological Testing Market size is expected to reach at US$ 18.75Bn. by 2026 from US$ 11.16Bn. in 2019, at a CAGR of 7.7% during the forecast period.
The analysis of the report is carried on different primary and secondary data sources. The primary sources include interviews with many industry analysts, suppliers, distributors, and other including professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the key companies, and other relevant documents. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.
The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weightage assigned to each of the segments on their utilization rate and average sale price.
After the complete market engineering with calculations for market statistics, market volume estimations, market forecasting, and market breakdown, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Global Bacteriological Testing Market Dynamics:
The demand for bacteriological testing in the food & beverage industry, because of increased incidences of foodborne illness, food spoilage, etc. is a key factor driving the growth of the global bacteriological testing market. Furthermore, the increasing demand for bacteriological testing technologies in pharmaceutical, cosmetic, and water industries for cost-effective end products is one more factor expected to support the growth of the global bacteriological testing market during the forecast period.
Technological advancements and increasing adoption of bacteriological testing in developed, as well as developing countries, are the key factors expected to generatethe growth opportunity for key manufacturers functioning in the bacteriological testing market. For example,In 2019, Bruker launched the MALDI Biotyper Sirius system for all prior FDA-cleared and all research-use-only (RUO) MALDI Biotyper (MBT) libraries, which would be used for near-universal, quick and expense-effective microbial detection from cultures in microbiology.
On the other hand, the high cost of bacteriological testing technologies is a major factor thatmight belimiting the growth of the bacteriological testing market. Also, the lack of technology, food control systems and regulations. According to WHO,around 600 million people become ill and 420,000 die annually from food-borne diseases. Losses in productivity and trade and treatment costs amount to US$110billion annually, mainly in low and middle-income countries, such as China, India, Indonesia, South Korea, Russia, Nigeria among others.Global Bacteriological Testing Market Segment Overview:
The bacteriological testing market is segmented into bacteria, technology, end-use industry, and component.Among these, the bacteria segment, the Salmonella segment is expected to hold the largestmarket share in the global market by 2026. This is mainly because detection and confirmation methods are widely available and are capable of reducing detection times to 48 hours or less.
Among the end-use industry segments, the food & beverage segment is expected to grow at the highest CAGR of XX% during the forecast period (2020-2026). On account of increased incidences of foodborne illness, food spoilage, etc. in both emerged and emerging countries. The technological advancement in the food and beverages industry in emerging economies such as China and India also helps the bacteriological testing market growth.
Global Bacteriological Testing Market
To Know About The Research Methodology :- Request Free Sample ReportGlobal Bacteriological Testing Market Regional Insights:
North America is dominating the market and is expected to maintain its dominance in the global market in the future. Increasing use for bacteriological testing in the food & beverage industry due to strict regulations about safety is a factor expected to drive the growth in North America. The European market is expected to record moderate growth in the global bacteriological testing market.
The Asia Pacific market is expected to register the fastest growth rate in the global market,thanks to increasing food & beverages, cosmetics, and pharmaceutical industries, urbanization, coupled with high disposable income in the middle-class population. Also, the advancement of the Asia-Pacific in the estimated period by Australia, China, and Southeast Asian countries, as these countries are ending up more conscious of nourishment security and are actualizing controls for their testing.
The objective of the report is to present a comprehensive analysis of the Global Bacteriological Testing Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
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The report also helps in understanding the Global Bacteriological Testing Market dynamics, structure by analyzing the market segments and project the Global Bacteriological Testing Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bacteriological Testing Market make the report investor’s guide.Scope of the Global Bacteriological Testing Market: Inquire before buying
Global Bacteriological Testing Market1Global Bacteriological Testing Market, by Region
• North America• Europe• Asia Pacific• Middle East & Africa• South America
Global Bacteriological Testing Market Key Players
• SGS• Bureau Veritas• Intertek• Eurofins• TÜV SÜD• ALS Limited• 3M• Thermo Fisher• Merck• Agilent• Bio-rad• Romer Labs• RAKIRO BIOTECH SYSTEMS PVT LTD.• ACMAS Technologies (P) Ltd• LaMotte Company• EMSL Analytical, Inc.• ATCC• Northeast Laboratory Services• Danaher• RAKIRO BIOTECH SYSTEMS PVT LTD• ALS Limited• Avantor, Inc.
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