Microbiology Testing Market Trends

Growth Drivers

Rising Importance of Food Safety Caused by The Intake of Contaminated Food- According to the WHO, 600 million people fall ill after eating contaminated food every year, and 420 000 die, resulting in 33 million years of healthy life lost. With growing awareness about food safety and hygiene, the demand for microbiology testing is increasing. These tests are used to detect the presence of harmful microorganisms in food products and other consumables, ensuring that they are safe for consumption.
Increase In Seasonal Influenza Cases - It is estimated that these seasonal epidemics result in approximately 3 to 5 million cases of severe illness each year worldwide. With the increasing number of seasonal influenza cases, the demand for microbiology testing is increasing as it is used to diagnose and track the spread of the influenza virus.
Innovative Diagnostics for Infectious Diseases - Infectious disease diagnosis has recently been revolutionized with the advent of over-the-counter and direct-to-consumer diagnostic kits and the Lyme testing algorithm by the U.S. Centers for Disease Control and Prevention (CDC).

Challenges

Deficiency in Test Accuracy - The accuracy of the test result is paramount in the diagnosis and treatment of infectious diseases. If the test is inaccurate or unreliable, it can lead to incorrect diagnosis and inappropriate treatment. This can have serious consequences for the patient and can also have an adverse effect on the microbiology testing market growth.
High cost of testing
Limited availability of skilled personnel

Microbiology Testing Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~7%
Base Year Market Size (2022)	~ USD 4 Billion
Forecast Year Market Size (2035)	~ USD 10 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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 Trends