Pharmaceutical Microbiology Market Share

North American Market Forecast

By the end of 2036, North American region is projected to capture around 36% pharmaceutical microbiology market share. Due to its better health care system and stringent regulations, the region has a higher demand for pharmaceutical microbiology products. Moreover, innovation in testing technologies is encouraged by the existence of large research and development, biotechnology, and pharmaceutical companies.

Other factors contributing to the growth of the market in this region include an aging population, as well as increasing incidences of infectious diseases in the region such as HIV and Influenza. For instance, in the US approximately 25,000 people died from the disease during the flu season in 2019-2020.

APAC Market Statistics

By the end of 2036, Asia Pacific region in pharmaceutical microbiology market is set to dominate around 28% revenue share. The rapid growth of regional nations has led to grown spending on health care, which is driving the demand for pharmaceutical products & services. In addition, the market demand in the region is driven by growing investments in biotechnology and increasing demand for biologics. Moreover, factors such as the availability of skilled labor and supportive regulatory environments have made this region a key hub for pharmaceutical manufacturing activities.

Frequently Asked Questions (FAQ)

Growing investment in the healthcare infrastructure, rising demand for sterility of the products, and growing technological advancements are the major factors driving the growth of the pharmaceutical microbiology market.

The market size of pharmaceutical microbiology is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024-2036.

The major players in the market are NEOGEN Corporation, Hardy Diagnostics, IDEXX, Charles River Laboratories, BioMerieux SA, Merck KGAA, Rapid Micro Biosystems., Abbott Laboratories, Inc., Bio-Rad Laboratories, Gen-Probe, Inc., and others.

The biopharmaceutical segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Pharmaceutical Microbiology Market Share