Application (Pharmaceutical, Clinical, Food Testing, Energy, Chemical)
The pharmaceutical segment in the microbiology testing market is set to gain the largest revenue share of about 35% in the year 2037. The segment growth can be attributed to the increasing applications of microbiology testing in drug discovery, quality control and safety testing in the pharmaceutical industry. Moreover, rising R&D spending in the pharma sector is attributed to segment growth. For instance, each year, the pharma industry spends USD 100 billion on R&D.
Product (Instruments, Reagents)
The instruments segment is slated to hold about 57% share of the global microbiology testing market in the year 2037. The growth of the segment is impelled by the growing demand for rapid and automated testing methods, the increasing prevalence of infectious diseases, and the growing awareness about food safety and quality standards. Additionally, the growing demand for cost-effective methods for testing such as PCR, next-generation sequencing (NGS), and microarray-based testing and the increasing number of regulations mandating the testing in food, healthcare and other industries are also driving the instruments segment growth.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Radhika Pawar
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