Rapid Microbiology Testing Market worth $6.7 billion by 2026 - Exclusive Report by MarketsandMarkets™
September 23, 2022
/EIN News/ -- Chicago, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Rapid Microbiology Testing Market is projected to reach USD 6.7 billion by 2026 from USD 4.2 billion in 2021, at a CAGR of 9.4%, according to a new report by MarketsandMarkets™. Technological advancements in rapid microbiology testing, increased focus on the early detection of infectious disease, the increasing incidence of infectious disease and cancer, and increased funding for R&D are the major factors driving the rapid microbiology testing market’s growth.
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Based on product, the rapid microbiology testing market is segmented into instruments, reagents and kits and consumables. In 2020, the instruments segment accounted for the largest share of the market, mainly due to the increased focus on the early detection of infectious disease, technological advancements, the increasing incidence of infectious disease and cancer and increased funding for R&D.
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Based on method, the rapid microbiology testing market is segmented into growth-based, cellular-based, nucleic acid-based, viability-based and other market. In 2020, the growth-based rapid microbiology testing segment accounted for the largest share of the market. The large share of this segment can mainly be attributed to the increased funding for R&D, increasing incidence of infectious disease and cancer, technological advancements and increased focus on the early detection of infectious disease.
Based on application, the rapid microbiology testing market has been segmented into clinical disease diagnosis, food and beverage testing, pharmaceutical and biological drug testing, environmental testing, cosmetics and personal care products testing, research applications and other applications. In 2020, the clinical disease diagnosis segment accounted for the largest share of the market, mainly due to the increasing incidence of infectious disease and cancer. Technological advancements, increased focus on the early detection of infectious disease and increased funding for R&D also drive the market growth of this applications segment.
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Geographical Growth Scenario:
The global rapid microbiology testing market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest regional market for market in 2020. The large share of North America in this market can be attributed to the increasing incidence of infectious disease and cancer and increased focus on the early detection of infectious disease in the US and Canada.
The major players operating in this rapid microbiology testing market are Abbott Laboratories, Inc. (US), Becton, Dickinson and Company (US), bioMérieux SA (France), Bruker Corporation (US), Charles River Laboratories International, Inc. (US), Danaher Corporation (US), Merck KGaA (Germany), NEOGEN Corporation (US), Quidel Corporation (US), Sartorius AG (Germany), Thermo Fisher Scientific, Inc. (US), Don Whitley Scientific Limited (UK), Rapid Micro Biosystems, Inc. (US), Vivione Biosciences, LLC (US), Gradientech (Sweden), rqmicro AG (Switzerland), Bactest Ltd. (US), Colifast (Norway), Serosep Ltd. (Ireland), Biosensia (Ireland), Solus Scientific Solutions Ltd. (Scotland), LubioScience GmbH (Scotland), Euroclone SpA (Italy), CorDx (US), and R-Biopharm AG (Germany).
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