Microbiology Testing Market Trends

  • Report ID: 5065
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Microbiology Testing Market Trends

Growth Drivers

  • Rising Importance of Food Safety Caused by The Intake of Contaminated Food- According to the WHO, 600 million people fall ill after eating contaminated food every year, and 420 000 die, resulting in 33 million years of healthy life lost. With growing awareness about food safety and hygiene, the demand for microbiology testing is increasing. These tests are used to detect the presence of harmful microorganisms in food products and other consumables, ensuring that they are safe for consumption.
  • Increase In Seasonal Influenza Cases - It is estimated that these seasonal epidemics result in approximately 3 to 5 million cases of severe illness each year worldwide. With the increasing number of seasonal influenza cases, the demand for microbiology testing is increasing as it is used to diagnose and track the spread of the influenza virus.
  • Innovative Diagnostics for Infectious Diseases - Infectious disease diagnosis has recently been revolutionized with the advent of over-the-counter and direct-to-consumer diagnostic kits and the Lyme testing algorithm by the U.S. Centers for Disease Control and Prevention (CDC).

Challenges

  • Deficiency in Test Accuracy - The accuracy of the test result is paramount in the diagnosis and treatment of infectious diseases. If the test is inaccurate or unreliable, it can lead to incorrect diagnosis and inappropriate treatment. This can have serious consequences for the patient and can also have an adverse effect on the microbiology testing market growth.
  • High cost of testing
  • Limited availability of skilled personnel

Microbiology Testing Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.9%

Base Year Market Size (2024)

USD 4.59 billion

Forecast Year Market Size (2037)

USD 10.73 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 5065
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of microbiology testing is estimated at USD 4.84 billion.

The microbiology testing market size was valued at USD 4.59 billion in 2024 and is expected to cross USD 10.73 billion by the end of 2037, expanding at more than 6.9% CAGR during the forecast period i.e., between 2025-2037. Increasing prevalence of infectious diseases, the rising demand for rapid and cost-effective tests will boost the market growth.

North America industry is projected to hold a share of about 32% by 2037, on account of the rising prevalence of food-borne illnesses in the region.

The major players in the market include Neogen Corporation., STEMart, Masimo, Koninklijke Philips N.V., GE Healthcare, Cerner Corporation, Medtronic Plc, Stryker, iHealth Labs Inc., Cisco.
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