The Rapid Microbiology Testing Kits Global Market Report 2023 by The Business Research Company, provides rapid microbiology testing kits market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Rapid Microbiology Testing Kits Global Market Report 2023, the market size is expected to grow from $4.36 billion in 2022 to $4.61 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global rapid microbiology testing kits is expected to grow from $5.78 billion in 2027 at a CAGR of 5.8%.
The rising number of infectious diseases is one of the major drivers for the rapid microbiology testing kits market. Rapid diagnostic tests are faster, more reliable, and more widely available than traditional tests. As the number of infectious disease cases increases, the need for tests to confirm these diseases also increases. With the increasing demand for microbiology tests, the need for rapid microbiology tests is increasing as it gives quicker results than normal microbiology tests.
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The rapid microbiology testing kits market is segmented:
1) By Product Type: Instruments, Reagents And Kits, Consumables
2) By Application: Clinical Disease Diagnosis, Food And Beverage Testing, Pharmaceutical And Biological Drug Testing, Cosmetics And Personal Care Products Testing, Environmental Testing, Research Applications, Other Applications
3) By Testing Type: Growth-Based Rapid Microbiology Testing Kits, Cellular Component-Based Rapid Microbiology Testing Kits, Nucleic Acid-Based Rapid Microbiology Testing Kits, Viability-Based Rapid Microbiology Testing Kits, Other Rapid Microbiology Testing Kits Methods
Technological advancements are an emerging trend in the rapid microbiology testing kits market. This is mainly because these technological advancements improve the reliability and efficiency of tests and testing methods. Automation in rapid microbial detection enables higher throughputs and greater accuracy in results. Similarly, robotic cassette handling, incubation, and imaging reduce the risks of miscounts, mid-test contamination, and incorrect data entry, which leads to fewer false positives and out-of-specification investigations. Fewer investigations then ultimately improve uptime and reduce delay and recall of tests. For example, Abbott Laboratories announced the next generation Alinity HQ Hematology Analyzer that is aimed to minimize errors and reduce manual steps in testing.
The rapid microbiology testing kits market report table of contents includes:
- Executive Summary
- Rapid Microbiology Testing Kits Market Characteristics
- Rapid Microbiology Testing Kits Market Trends And Strategies
- Rapid Microbiology Testing Kits Market – Macro Economic Scenario
- Rapid Microbiology Testing Kits Market Size And Growth
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- Africa Rapid Microbiology Testing Kits Market
- Rapid Microbiology Testing Kits Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Rapid Microbiology Testing Kits Market
- Rapid Microbiology Testing Kits Market Future Outlook and Potential Analysis
- Appendix
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