The global Microbiology Testing Technology Market reached a size of USD 9.0 Billion in 2022 and is projected to experience an 8% annual growth in revenue, as indicated in the latest report by Reports and Data.
The rapid advancement of innovative microbiological testing techniques has empowered healthcare professionals to more accurately and efficiently detect bacteria and diagnose diseases. Additionally, the increasing demand for fast and reliable testing processes in sectors like pharmaceuticals, food and beverages, and agriculture is fueling the expansion of market revenue.
The rising adoption of cutting-edge molecular diagnostic methods, such as Polymerase Chain Reaction (PCR) and Next-Generation Sequencing (NGS), has ushered in a transformative era in microbiology testing. These state-of-the-art technologies offer superior sensitivity, specificity, and speed compared to traditional culture-based approaches, resulting in quicker and more precise diagnoses of infectious diseases. Furthermore, the integration of Artificial Intelligence (AI) and Machine Learning algorithms into microbiology testing systems is enhancing the automation and accuracy of data analysis, ultimately leading to improved patient outcomes and reduced healthcare costs.
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Stringent governmental regulations and guidelines related to food safety, environmental monitoring, and pharmaceutical manufacturing are driving the demand for microbiology testing technologies. For instance, the Food Safety Modernization Act (FSMA) in the United States and the General Food Law of the European Union require routine microbiological testing of food products to ensure their safety and quality. Similarly, the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC) recommend regular microbiological testing of water sources to mitigate the risk of waterborne diseases.
Key players in the Microbiology Testing Technology Market:
- Becton, Dickinson and Company
- Thermo Fisher Scientific, Inc.
- Bio-Rad Laboratories, Inc.
- Qiagen N.V.
- Danaher Corporation
- Bruker Corporation
- Merck KGaA
- Abbott Laboratories
- PerkinElmer, Inc.
- Charles River Laboratories International, Inc.
- Biomérieux SA
Some Key Highlights in the Report:
- In 2022, the segment related to instruments played a significant role in generating revenue. This growth was primarily propelled by the escalating demand for more precise and efficient diagnostic tools within Clinical Microbiology laboratories. Crucial instruments like microscopes, incubators, autoclaves, and spectrophotometers are vital for identifying and analyzing microorganisms, thereby contributing to the revenue expansion within this sector. Furthermore, the continuous advancements in microbiology instruments, coupled with an increasing need for quick and accurate diagnostic outcomes, are expected to drive market expansion throughout the projected period.
- During 2022, the clinical application segment also held a substantial share of revenue. Several factors contributed to the expansion of this market, including the rising prevalence of infectious diseases, an increased demand for rapid and accurate diagnostic tests, and greater awareness regarding the importance of early diagnosis and treatment. Clinical microbiology testing plays a pivotal role in the identification, diagnosis, and management of bacterial, viral, fungal, and parasitic infections. Ongoing enhancements in microbiology testing procedures, along with the growing adoption of molecular diagnostic techniques, are anticipated to propel market growth in this sector throughout the forecast period.
- In 2022, the North American market emerged as the leader in terms of revenue share within the microbiology testing technology market. The United States and Canada made significant contributions to this growth due to well-established healthcare infrastructure, a heightened focus on research and development, and an increasing need for improved diagnostic tools. The rising prevalence of infectious diseases and the growing demand for rapid and precise diagnostic solutions are key drivers of market expansion in the region. Additionally, the presence of major market players in North America and government support for research initiatives will further boost market revenue growth in this area.
- In 2021, Thermo Fisher Scientific acquired Mesa Biotech, a company specializing in point-of-care molecular diagnostic testing for infectious diseases, for $550 million. This acquisition aimed to expand Thermo Fisher’s portfolio in the field of molecular diagnostics.
- Also in 2021, Bio-Rad Laboratories purchased Celsee, a company specializing in microfluidic technologies for single-cell research, for an undisclosed amount. This acquisition was made to enhance Bio-Rad’s offerings in the single-cell analysis industry.
- In the same year, Becton, Dickinson and Company introduced the BD Veritor Plus System for Rapid Detection of SARS-CoV-2, a COVID-19 antigen test providing results within 15 minutes. This technology is designed for use in point-of-care settings such as clinics and doctor’s offices.
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For the purpose of this report, Reports and Data has segmented the global microbiology testing technology market on the basis of Product Type Outlook, Application Outlook, and Regional Outlook:
Product Type Outlook (Revenue, USD Billion; 2022 – 2032)
- Reagents & Kits
- Automated Systems
- PCR Technology
Application Outlook (Revenue, USD Billion; 2022 – 2032)
- Food Testing
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Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2020–2021) and forecast (2022–2032) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
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