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Rapid Microbiology Testing Market Worth $8.3 billion | MarketsandMarkets™ | ||||||||||||||||||||||||||||
By: PR Newswire Association LLC. - 01 Apr 2024 | Back to overview list |
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CHICAGO, April 1, 2024 /PRNewswire/ -- Rapid Microbiology Testing Market in terms of revenue was estimated to be worth $5.2 billion in 2024 and is poised to reach $8.3 billion by 2029, growing at a CAGR of 10.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. In recent times, the rapid microbiology testing market is experiencing an exponential growth due to the rising prevalence of infectious diseases, advancements in technology, and a stronger emphasis on early infectious disease detection. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31548521 Browse in-depth TOC on "Rapid Microbiology Testing Market" 318 - Tables Rapid Microbiology Testing Market Scope:
In 2023, the instruments segment held the largest share of the rapid microbiology testing market by product segment. Based on product, the rapid microbiology testing market has been segmented into instruments, reagents & kits and consumables. The instruments segment dominated the rapid microbiology testing market in 2023. The large share of this segment can be attributed to the ongoing trend of laboratory automation among clinical laboratories. The industrial testing segment held the largest share of the rapid microbiology testing market by application segment in 2023. Based on applications, the rapid microbiology testing market is segmented into clinical disease diagnosis, industrial testing, and research applications. In 2023, the largest share of the rapid microbiology testing market was held by the industrial testing segment. This is primarily due to the extensive use of rapid microbiology testing methods in industries such as pharmaceuticals, food and beverage, cosmetics, and environmental monitoring. In these industries, ensuring product quality, safety, and compliance with regulatory standards is of utmost importance. Rapid microbiology testing allows for quick detection and identification of microbial contaminants, facilitating timely corrective actions and minimizing production downtime. North America is the largest regional market for rapid microbiology testing market. The market for rapid microbiology testing has been divided into six key geographical regions, namely North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries. In 2023, North America held the predominant portion of the rapid microbiology testing market. The high adoption of advanced diagnostic technologies in North America is driving market growth in this regional segment. This trend is further fueled by the rising awareness among healthcare professionals and the general population about the importance of early detection and prompt treatment. The strong focus on healthcare infrastructure and the increasing healthcare expenditure in North America also contribute to market growth, as do the expanding pharmaceutical and biotechnology industries. The food safety sector is another significant contributor, with rapid microbiology testing integral to ensuring the safety and quality of the food supply chain. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=31548521 Rapid Microbiology Testing Market Dynamics: Drivers:
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Challenge:
Key Market Players of Rapid Microbiology Testing Industry: The major players operating in this market are bioMérieux SA (France), Danaher Corporation (US), Becton, Dickinson and Company (US), Abbott Laboratories (US), Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Sartorius AG (Germany), Bruker (US), QuidelOrtho Corporation (US), Charles River Laboratories (US), Neogen Corporation (US), Don Whitley Scientific Limited (UK), Rapid Micro Biosystems, Inc. (US), Gradientech (Sweden), rqmicro AG (Switzerland), Colifast AS (Norway), Serosep Limited (Ireland), Solus PerkinElmer (US), BTNX Inc. (Canada), R-Biopharm AG (Germany), Paragon Genomics, Inc. (US), Kypha Inc. (US), Vivione Biosciences (US), Bactest Ltd. (UK), and CorDx (US). The break-up of the profile of primary participants in the rapid microbiology testing market:
Recent Developments of Rapid Microbiology Testing Industry:
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=31548521 Rapid Microbiology Testing Market - Key Benefits of Buying the Report: The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall rapid microbiology testing market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges. The report provides insights on the following pointers:
Related Reports: In Vitro Diagnostics Market - Global Forecasts to 2029 Molecular Diagnostics Market - Global Forecasts to 2028 Laboratory Proficiency Testing Market - Global Forecasts to 2028 Antimicrobial Susceptibility Testing Market - Global Forecasts to 2027 Western Blotting Market - Global Forecasts to 2026 About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/rapid-microbiology-testing-market-worth-8-3-billion--marketsandmarkets-302104341.html SOURCE MarketsandMarkets |
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