A recent report published by Infinium Global Research on bacteriological testing market provides an in-depth analysis of segments and sub-segments in the global as well as regional bacteriological testing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional bacteriological testing market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global bacteriological testing market. According to the report, the global bacteriological testing market is projected to grow at a CAGR of 6.2% over the forecast period of 2019-2025.
The growing incidence of the foodborne problem around the world is helping to grow the demand for the bacteriological testing market. The unsafe food contains several harmful bacteria, viruses, chemical substance, parasites, which are responsible for more than 200 foodborne problems such as diarrhea, cancers. As per the World Health Organization, around 600 million people come under the trap of foodborne problem every year, and 4,20,000 people die every year due to the food-related health problem. Further, children are the vulnerable segment of the food-related problems. As per the World Health Organization's estimation, children below 5 years constitute around 40% of the foodborne patient pool, and 1,25,000 children die every year. Diarrhoeal diseases are one of the major problems of the foodborne problem and are responsible for the 230000 death every year.
The growing incidence of the foodborne problems around the world is helping to grow the demand for the bacteriological testing market. Further, the growing demand for safe and healthy food products from the millennial consumers around the world is motivating the food manufacturers to provide the safe food to the consumers is helping to grow the bacteriological testing market. Moreover, the adaptation of the standard bacteriological testing procedure to provide safe food to the consumers helps to improve the brand value of the concerned companies and provide an opportunity to charge a premium price for that. This factor is also facilitating the growth of the bacteriological testing market. However, the lack of government commitment and laissez-faire the attitude of the regulatory and enforcement authorities are restricting the growth of the bacteriological testing market in the potential region. Moreover, the growing awareness among the consumers about the consumption of safe food products in the developing countries is expected to boost the demand for the bacteriological testing market in the said regions.
Geographically, the bacteriological testing market is divided into four regions namely, North America, Europe, the Asia-Pacific, and RoW. North America is the largest player of the bacteriological testing market, owing to the presence of strong food safety rules and regulations by the federal government. Additionally, the presence of a large number of the food processing industries, and organized food retail chains are helping to grow the demand of the bacteriological testing market. The Asia-Pacific bacteriological testing market is expected to grow at the highest CAGR during the forecast period, owing to the growing government focus to provide safe and healthy food to the masses.
The report on the global bacteriological testing market covers segments such as bacteria, technology, end-user, and component. On the basis of bacteria, the sub-markets include coliform, salmonella, campylobacter, listeria, legionella, and other bacteria. On the basis of technology, the sub-markets include traditional technology, and rapid technology. On the basis of end-user, the sub-markets include food & beverage, water, pharmaceuticals, cosmetics, and other end users. On the basis of component, the sub-markets include instruments, test kits, and reagents & consumables.
The report provides profiles of the companies in the market such as Romer Labs Inc., Bio-Rad Laboratories, Agilent Technologies, Merck & Co., Thermo Fisher Scientific, The 3M Company, ALS Limited, TUV SUD, Bureau Veritas S. A., and Intertek Group plc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of bacteriological testing market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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