Factors such as the high prevalence of food-borne diseases and the rise in prevalence and awareness about HIV will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The microbial testing market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
The report covers the following areas:
Microbial Testing Market 2021-2025: Segmentation
- Application
- Food and Beverages and Others
- Pharmaceuticals
- Clinical Diagnosis
- Geography
- North America
- Europe
- Asia
- ROW
By application, the market generated maximum revenue in the food and beverages and others segment in 2020. In terms of geography, North America is expected to offer significant opportunities for market players over the forecast period. The region currently accounts for 39% of the global market share. Factors such as the growing focus on drug and vaccine discovery and development, recent advances in biotechnology and pharmaceutical research, and the presence of several vendors are driving the growth of the microbial testing market in North America.
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Microbial Testing Market 2021-2025: Vendor Analysis and Scope
Some of the major vendors of the microbial testing market include 3M Co., Agilent Technologies Inc., Bio Rad Laboratories Inc., bioMerieux SA, Danaher Corp., F. Hoffmann-La Roche Ltd., Merck KGaA, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Backed with competitive intelligence and benchmarking, our research report on the microbial testing market is designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Market trends such as the rise in the geriatric population is likely to emerge as one of the primary drivers of the market. However, factors such as lack of skilled professionals may threaten the growth of the market.
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Microbial Testing Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist microbial testing market growth during the next five years
- Estimation of the microbial testing market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the microbial testing market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of microbial testing market vendors
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Microbial Testing Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
Market growth 2021-2025 |
USD 2.21 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.30 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 39% |
Key consumer countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
3M Co., Agilent Technologies Inc., Bio Rad Laboratories Inc., bioMerieux SA, Danaher Corp., F. Hoffmann-La Roche Ltd., Merck KGaA, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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