A recent report published by Infinium Global Research on the microbial testing market provides an in-depth analysis of segments and sub-segments in the global as well as the regional microbial testing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional microbial testing market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global microbial testing market. According to the report, the global microbial testing market is projected to grow at a CAGR of 10.43% over the forecast period of 2020-2026.

Market Insight

Microbial testing is vital for contamination detection and maintaining high-quality standards. It is the first line of defense against disease-causing bacteria and toxins and supporting public health. Microbial testing can help prevent the spread of dangerous bacteria that could lead to serious illness or even death. Food testing, water testing, pharmaceutical testing, and USP testing are just a few microbial testing services by the major players operating in the market. Several sectors such as the healthcare facilities, food industry and restaurants, laboratories, and other industries greatly benefit from these microbial tests. The microbial testing service providers will experience a decrease in demand due to the current COVID-19 pandemic. Currently, as the entire health care system is primarily focused on treating and developing vaccines for this virus, the major microbial testing service providers across the globe will experience a reduction during the 2020 COVID-19 outbreak. However, the rising government funding in R&D to control and contain the virus is also anticipated to drive the volume of microbial testing in research facilities.

In recent years, awareness among consumers for the safety of products they consume has increased manifold. Moreover, the relatively high occurrence of outbreaks of foodborne diseases in many countries, including developed ones, has resulted in increasing concern and intensive investigation of foodborne pathogens. As a result, increased demand for the microbiological testing of food products is witnessed in the market currently. Furthermore, Brazil, Russia, India, China, and South Africa are experiencing a rapid economic growth and are facing a growing aging population and an increasing prevalence of infectious diseases. Moreover, the health care spending share of the BRICS nations are growing and the rising healthcare expenditure and the growth of medical infrastructures in these countries are projected to augment the growth of the market. However, shortage of skilled workforce is likely to impede the growth of microbial testing market. Nevertheless, the advances and innovations in microbial diagnostic technologies are projected to have a significant impact on the growth of the microbial testing market.

Among the regions, North America held the largest market share in the global microbial testing market with the US being the key revenue generator and the country has remained a world leader in diagnostic technology innovation. Nevertheless, the Asia-Pacific market will expand with the most prominent CAGR in the anticipated time. China, India and South Korea will experience the strongest gains in the market as capital, jobs and research gravitate toward these growing markets. Asia Pacific market is also expected to expand as water quality monitoring in developing Asia Pacific countries such as India, China, Malaysia, Mongolia, Myanmar, Nepal, Philippines and Sri Lanka are on the rise.

Segment Covered

The report on the global microbial testing market covers segments such as product. On the basis of product, the sub-markets include instruments, and reagents.

Companies Profiled:

The report provides profiles of the companies in the market such as Becton Dickinson, Biomerieux, Thermo Fisher Scientific, Beckman Coulter, 3M Company, AEMTEK Laboratories, Bio-Rad Laboratories Inc., SGS SA, ALS life Sciences, and Vivione Bioscience.

Report Highlights:

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 the microbial testing market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. 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.