Pharmaceutical Microbiology Market size is anticipated to reach USD 18 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of pharmaceutical microbiology was over USD 6 Billion. The market is majorly witnessing growth due to the increase in the occurence of infectious disorders. Infectious diseases like HIV, sexually transmitted infections (STDs), and other infectious disorders including hepatitis A, B, and C are becoming more common across the globe. For instance, worldwide around 39 million persons were found to be HIV positive in 2022. The market is thus driven by the growing prevalence of infectious illness cases caused by contaminated needle injections, homelessness, unprotected sex, lack of access to healthcare, and several other socioeconomic difficulties.
In addition, regulatory agencies such as the FDA and EMA, have stringent guidelines mandating the sterility of pharmaceutical products to ensure patient safety. Compliance with these regulations necessitates throughout the manufacturing process, driving the demand for microbiology services and products. Also, maintaining sterility is essential for preserving the efficacy and safety of pharmaceutical products. Therefore, these factors are accelerating the growth of the market.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?