The microbiology testing market share is forecast to reach USD 3,012.8 million, after growing at a CAGR of 9.98% during 2023-2027. The increasing incidence of infectious diseases and cancer is analyzed to boost the addictions therapeutics market growth. Moreover, the rise in food safety concerns is the major trend enhancing the overall market demand for microbiology testing during the forecast period.
Get a snapshot of the microbiology testing market analysis: Unlock the Sample Report
Browse Technavio's 189-page report and in-depth TOC on "{market} by method (traditional, rapid, and molecular), product (consumable and instruments), end-user (hospitals and diagnostic laboratories, pharmaceutical and biotechnology companies, and others), and geography (North America, Europe, Asia, and Rest of World).
View detailed Table of Contents Here: https://www.technavio.com/report/microbiology-testing-market-analysis
Method:
Traditional: The market share growth by the traditional segment will be significant during the forecast period. Hospital pharmacies experience increasing demand for addiction therapeutics due to factors such as good discounts, improved reimbursement, and the growing number of drug addicts.
Rapid
Molecular
Product:
End-user
Geography:
North America: North America is estimated to contribute 38% to the growth of the global market during the forecast period. The growing focus on drug and vaccine discovery and development, recent advances in biotechnology and pharmaceutical research, and the presence of several vendors in the country offering a wide range of microbiology testing products are aiding the growth of the market.
Europe
Asia
Rest of the World
The microbiology testing market size will witness a YOY Growth Rate of 9.51% in 2023.
The inadequate healthcare services in developing regions will be a major challenge for the microbiology testing market during the forecast period.
Major key microbiology testing market players include:
The report illustrates the lifecycle of the market, focusing on the adoption rates of the major regions such as North America, Europe, Asia, and the Rest of World).
Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2023-2027.
CAGR of the microbiology testing market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the microbiology testing market share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the microbiology testing market.
Microbiology testing industry growth across North America, Europe, Asia, and the Rest of World.
