Microbiology Testing Market Share

North American Market Forecast

Microbiology testing market in North America is projected to hold a share of about 32% by 2035. Market growth in the region is expected on account of the rising prevalence of food-borne illnesses owing to inadequate food processing. With the increasing contamination of food, there is a greater need for microbiology testing to identify and prevent these illnesses.

APAC Market Analysis

The Asia Pacific microbiology testing market is estimated to be the second largest, registering a share of about 28% by 2035. The market’s expansion is propelled by the rise in the geriatric population in the region. The increasing healthcare expenditure and rising awareness about microbiological testing benefits also influences the regional growth. The availability of advanced technologies such as PCR, and the rising number of NT-PCR testing as a result of surging COVID-19 cases, is further driving the microbiology testing market in region.

Frequently Asked Questions (FAQ)

Increasing prevalence of infectious diseases, the rising demand for rapid and cost-effective tests are the major factors driving the market growth.

The market size of microbiology testing is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Neogen Corporation., STEMart, Masimo, Koninklijke Philips N.V., GE Healthcare, and others.

The pharmaceutical segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The microbiology testing market is estimated to be USD 4 Billion by 2022 and forecasted to be USD 10 Billion by 2035.

This is propelled by the growing demand for rapid and automated testing methods, the increasing prevalence of infectious diseases, and the growing awareness about food safety and quality standards.

The unavailability of skilled personnel, issues with test accuracy and high cost of testing are some of the growth hampering factors affecting microbiology testing market.

Microbiology Testing Market Share