Understand How The Pharma Microbiology Testing Kits Market Is Poised To Grow Through 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Pharma Microbiology Testing Kits Global Market Report 2023, the pharma microbiology testing kits market is expected to show significant growth in the forecast period.
Key insights from the pharma microbiology testing kits market forecast include:
- Market Size
The global pharma microbiology testing kits market is projected to rise from $5.66 billion in 2022 to $6.25 billion in 2023, with a 10.5% CAGR. By 2027, it’s anticipated to reach $8.78 billion, growing at an 8.8% CAGR.
- Major Driver
The surge in infectious diseases, including Hepatitis A, B, C, STDs, and HIV, fuels the pharma microbiology testing kits market. CDC and WHO report rising global cases, driven by infected needles, unprotected sex, homelessness, and limited medical access.
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- Key Trend
Pharma microbiology testing kits market sees growing popularity in outsourcing to contract testing labs. It enhances quality and safety for raw materials, intermediates, and finished products. Areas like stability testing, raw material testing, and method validation are commonly outsourced. The global healthcare analytical testing market is set to reach $4.13 billion by 2021, growing at an 11.3% rate.
- Largest Region
North America was the largest region in the pharma microbiology testing kits market in 2022.
- Major Players
Major players in the pharma microbiology testing kits market are F. Hoffmann-La Roche AG, Becton, Dickinson and Company, Abbott Laboratories, ThermoFisher Scientific, Lucideon, SGS SA, ToxiKon, Pace Analytical Services, Boston Analytics, Charles River Laboratories International, and Nelson Laboratories.
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Key Pharma Microbiology Testing Kits Market Segments
The global pharma microbiology testing kits market is segmented –
1) By Product: Consumables, Equipment
2) By Test: Endotoxin Testing, Sterility Testing, Microbial Examination, Environmental Monitoring, Other Tests
3) By End User: Hospitals & Diagnostic Centers, Custom Lab Service Providers, Academic & Research Institutes
The Pharma Microbiology Testing Kits Global Market Report 2023 provides an in-depth analysis on the pharma microbiology testing kits market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the pharma microbiology testing kits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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