The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Mycoplasma Testing Global Market Report 2024, the mycoplasma testing market is expected to show promising growth in the forecast period.

Market Overview

The mycoplasma testing market has experienced rapid growth in recent years. In 2023, the market size was valued at $0.94 billion and is expected to grow to $1.08 billion in 2024, reflecting a robust compound annual growth rate (CAGR) of 14.0%.

Historic Growth Factors:

Outbreaks and contamination incidents

Increased awareness and research initiatives

Expansion of the biotechnology sector

Trends in the healthcare industry

Rise in cell culture production

Future Growth Projections

Looking ahead, the mycoplasma testing market is poised for continued expansion, projected to reach $1.71 billion by 2028 with a CAGR of 12.2%.

Forecasted Growth Drivers:

Rising demand for quality assurance

Emerging market demands

Growth in the biopharmaceutical industry

Increase in cell-based therapies

Continued biotechnology sector expansion

Key Trends Shaping the Market

Several trends are expected to influence the mycoplasma testing market significantly in the forecast period.

Regulatory Standards and Compliance: Stricter regulatory requirements are driving the need for comprehensive testing.

Healthcare Awareness and Diagnostics: Enhanced focus on diagnostics is boosting market growth.

Global Pandemic Preparedness: Increased preparedness for pandemics is elevating the demand for mycoplasma testing.

Point-of-Care Testing Innovation: Advances in point-of-care testing technologies are making testing more accessible and efficient.

Market Penetration in Emerging Economies: Growing economies are expanding their biotechnology capabilities, driving market growth.

Rising Incidence of Mycoplasma Pneumonia

The increasing prevalence of mycoplasma pneumonia is a key factor propelling market growth. Mycoplasma pneumoniae infections, estimated at 2 million cases annually in the United States alone, underscore the importance of mycoplasma testing for timely diagnosis and treatment.

Importance of Mycoplasma Testing:

Detects the presence of Mycoplasma pneumoniae bacteria in respiratory specimens

Aids in accurate and timely identification of infections

Essential for appropriate medical treatment and management

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Major Market Players
Leading companies in the mycoplasma testing market include:

Abbott Laboratories

Merck KGaA

Thermo Fisher Scientific Inc.

Boston Scientific Corporation

Olympus Corporation

Agilent Technologies Inc.

Lonza Group AG

Roche Diagnostics International AG

Smith & Nephew PLC

Charles River Laboratories International Inc.

Innovative Strides in Mycoplasma Testing

Major players are making strategic investments to stay competitive, including launching innovative products and advancing research and development.

Example: In October 2022, SwiftDx launched a new PCR-based mycoplasma detection test, offering quick and accurate results with minimal sample disruption.

Strategic Acquisitions

Acquisitions are also playing a pivotal role in market dynamics. For instance, Asahi Kasei Medical’s acquisition of Bionique Testing Laboratories LLC in December 2021 aimed to enhance its biosafety testing services, bolstering its position in the market.

Market Segmentation

The mycoplasma testing market can be segmented by product, technology, application, and end-user.

By Product:

Instruments

Assay Kits

Reagents

By Technology:

PCR

ELISA

Enzymatic Methods

DNA Staining

Other Technologies

By Application:

Cell Line Testing

Virus Testing

End-of-Production Cell Testing

By End User:

Pharmaceutical & Biotechnology Companies

Cell Banks & Laboratories

Contract Research Organizations

Academic Research Institutes

Regional Insights

North America dominated the mycoplasma testing market in 2023, while the Asia-Pacific region is expected to be the fastest-growing region during the forecast period.

Conclusion

The mycoplasma testing market is on a robust growth trajectory, driven by increasing awareness, technological advancements, and strategic industry moves. As healthcare trends evolve and new challenges emerge, the market is well-positioned for sustained expansion in the coming years.

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