Global Rapid Microbiology Testing Market Is Expected To Reach USD 6,031 Million By 2025
Sarasota, FL -- (SBWIRE) -- 02/13/2019 -- Zion Market Research has published a new report titled "Rapid Microbiology Testing Market by Product (Instruments, Reagent & Kits, and Consumables), by Method (Growth-Based, Viability-Based, Cellular Component-Based, Nucleic Acid-Based, and Others), and by Application (Clinical Disease Diagnosis, Food & Beverage Testing, Pharmaceutical & Biological Drug Testing, Cosmetics & Personal Care Products Testing, Environmental Testing, Research Applications, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025". According to the report, the global rapid microbiology testing market accounted for USD 3,446 million in 2018 and is expected to reach approximately USD 6,031 million by 2025, at a CAGR of around 8.32% between 2019 and 2025.
Microbiological testing involves various methods of detecting microorganisms in a given sample. It is one of the important processes carried out in medical, healthcare, and food industries for the prevention of product damage in the future. The test is also considered as one of the vital precautionary methods for industrial products. Rapid microbiology testing is an alternative to microbiological testing. Rapid microbiology testing takes lesser time when compared to conventional rapid microbiological testing.
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Globally, the rapid microbiology testing market is likely to grow in the upcoming years due to the rising prevalence of chronic infectious diseases. The rapid technological advancements witnessed across the world is another factor that is anticipated to drive the microbiology testing market in the upcoming years. However, the lack of proper reimbursement policies might hinder the rapid microbiology testing market. Emerging economies, such as India and China, might offer new growth opportunities for this microbiology testing market over the forecast timeframe.
The rapid microbiology testing market is classified into product type, method, and application. By product type, the rapid microbiology testing market is sectored into consumables, instruments, and reagent and kits. Instruments segment is projected to dominate the microbiology testing market globally in the years ahead. By method, this global market is classified into viability-based, growth-based, nucleic acid-based, cellular component-based, and others. The growth-based method dominated the rapid microbiological testing market globally in 2017 and is likely to retain its dominance over the forecast time period as well. Application wise, the rapid microbiology testing market is segmented into food and beverage testing, research applications, environmental testing, pharmaceutical and biological drug testing, clinical disease diagnosis, cosmetics, and personal care products testing, and others. The clinical diseases diagnosis segment is anticipated to hold the largest market share in the future due to the increasing prevalence of chronic infections among the global population.
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By region, the global rapid microbiology testing market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. North America is likely to dominate the rapid microbiology testing market in terms of market share, owing to the increased use of rapid microbiology testing in the year 2017, followed by Europe. The Asia Pacific rapid microbiology testing market is expected to grow rapidly over the forecast timeline, owing to the developing economies, such as China and India, which are anticipated to be the major regional revenue generators due to significant population increase.
Some key participants of the global rapid microbiology testing market are Hoffmann-La Roche Ltd., Quidel Corporation, Thermo-Fisher Scientific Inc., Bio-Rad Laboratories, Gen-Probe Inc., Siemens Healthcare Diagnostics Inc., Becton, Dickinson and Company, Sysmex Corporation, and Abbott Laboratories, among others.
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This report segments the global rapid microbiology testing market into:
Global Rapid Microbiology Testing Market: Product Type Analysis
Reagent and Kits
Global Rapid Microbiology Testing Market: Method Analysis
Global Rapid Microbiology Testing Market: Application Analysis
Clinical Disease Diagnosis
Food and Beverage Testing
Pharmaceutical and Biological Drug Testing
Cosmetics and Personal Care Products Testing
Global Rapid Microbiology Testing Market: Regional Analysis