Future Outlook of the Virology And Bacteriology Market: Growth, Trends, and Emerging Opportunities Explored
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How has the virology and bacteriology market grown over the years?
The virology and bacteriology market has seen significant expansion in recent years and is projected to grow from $2.44 billion in 2024 to $2.67 billion in 2025, at a CAGR of 9.5%. Factors contributing to this growth include rising global travel, higher demand for rapid diagnostic tests, increasing globalization, expanded research on zoonotic diseases, and growing educational initiatives.
What Is the forecasted market size and growth rate for the virology and bacteriology market?
The virology and bacteriology market is set for strong growth, reaching $3.78 billion by 2029 at a CAGR of 9.1%. Growth is driven by the rising prevalence of infectious diseases, the expansion of global health infrastructure, increased research activities, higher disposable incomes, and the growing number of aerobic and anaerobic tests. Emerging trends include advancements in technology, the rise of personalized medicine, AI integration, vaccine development, and telemedicine adoption.
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What are the major factors driving growth in the virology and bacteriology market?
The rising incidence of infectious diseases is expected to drive the virology and bacteriology market. Infectious diseases, caused by pathogens like bacteria and viruses, are becoming more prevalent due to factors such as globalization, urbanization, and antimicrobial resistance. Virology and bacteriology testing are essential for diagnosing and managing these diseases by identifying the specific pathogens. The Centers for Disease Control and Prevention reported an increase in tuberculosis cases in the U.S. in 2022, highlighting the need for virology and bacteriology services. Therefore, the rising incidence of infectious diseases is propelling the virology and bacteriology market.
What key areas define the segmentation of the global virology and bacteriology Market?
The virology and bacteriologymarket covered in this report is segmented –
1) By Product: Equipment, Reagents
2) By Technology: Molecular Diagnostics, Immunoassays, Diagnostic Imaging, Information Technology
3) By End User: Hospitals, Diagnostic Centers, Research Laboratories, Blood Banks
Subsegments:
1) Equipment: Laboratory Equipment, Diagnostic Instruments
2) Reagents: Culture Media, Detection Kits
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What are the top market players propelling the growth of the virology and bacteriology industry?
Major companies operating in the virology and bacteriology market are F. Hoffmann-La Roche AG, Merck KGaA, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Becton Dickinson and Company, Laboratory Corporation of America Holdings, Agilent Technologies Inc., Hologic Inc., bioMérieux SA, Bio-Rad Laboratories Inc., Bruker Corporation, Cepheid Inc., Eiken Chemical Co. Ltd., NEOGEN Corporation, Cerba Research, Luminex Corporation, Fujirebio Diagnostics Inc., Trinity Biotech plc, Microbiologics Inc., Bionano Genomics Inc., Scienion GmbH, Quidel Corporation
What are the key trends shaping the future of the virology and bacteriology market?
Firms leading the virology and bacteriology industry are centering their efforts on the creation of novel products like bacteria detection kits, aiming to expand diagnostic abilities and tackle infectious diseases. These kits serve as diagnostic apparatuses crafted to detect and assess bacteria in different specimens such as blood, urine, food or substances from the environment. For example, in December 2023, HiMedia Laboratories LLC, a bioscience firm from India, collaborated with NG Biotech, a French company that makes in vitro diagnostic tools. Together, they introduced the NG-Test CARBA 5 kits, created to detect carbapenemase-producing bacteria. The Central Drugs Standard Control Organization (CDSCO) gave its approval for these kits, which come with cutting-edge technology able to accurately spotlight a wide range of bacteria resistant to antimicrobials, including enzymes like carbapenemases. The kits provide swift and trustworthy results, enabling quick decision-making in a clinical environment. Moreover, they are user-oriented and can be used with diverse samples, including blood, urine, and environmental ones.
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What regions are dominating the virology and bacteriology market growth?
North America was the largest region in the virology and bacteriology market in 2024. The regions covered in the virology and bacteriology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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