Rapid Microbiology Testing Market is expected to grow at USD 10.7 billion by 2031 | Abbott Laboratories, Inc. (US), Becton, Dickinson and Company (US)

The global rapid microbiology testing market was valued at USD 4.2 billion in 2021 and it is anticipated to grow up to USD 10.7 billion by 2031, at a CAGR of 9.8% during the forecast period.

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Rapid microbiology testing has high sensitivity and less turnover time compared to traditional methods and is used to diagnose infectious diseases or target products by examining pathogens within a short period.

Market Trends and Drivers

Increasing incidence of infectious disease and cancer will drive the industry growth. The incidence of various infectious diseases such as HIV, tuberculosis, malaria, and pneumonia has increased. With a rise in the global burden of these diseases, the demand for rapid microbiology techniques for faster and accurate microbial screening, identification, and susceptibility testing against pathogens is expected to witness significant growth during the forecast period.

Major Players in the Global Rapid Microbiology Testing Market

The key players in the market are Abbott Laboratories, Inc. (US), Becton, Dickinson and Company (US), bioMérieux SA (France), Bruker Corporation (US), Charles River Laboratories International, Inc. (US), Danaher Corporation (US), Merck KGaA (Germany), NEOGEN Corporation (US), Quidel Corporation (US), Sartorius AG (Germany) and Thermo Fisher Scientific, Inc. (US), among others.

COVID-19 Impact

The emergence of the COVID-19 pandemic has changed the delivery of medical care across the world. The COVID-19 pandemic has significantly affected the rapid microbiology testing market. The market has faced challenges in the manufacturing and supply chain, such as delivering products to end users in a timely manner as well as attending to an uneven demand for the products and services in the sector.

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In addition, a dearth of skilled laboratory professionals to conduct/study diagnostic tests, limited operations in most of the industries, inadequate funding for research and academic institutes, and challenges in providing essential/post-sales services due to lockdowns have led to the reduced supply of rapid microbiology testing products to end users. Research institutes are one of the major end users of rapid microbiology testing products.

As the pandemic resulted in the temporary closure of several institutes across the globe, this end-user segment has been affected drastically in the last few months. Despite the challenging situation, industries are gradually recovering from the impact, and supply and distribution channels have also resumed. Also, significant research activities on SARS-CoV-2-related vaccines, diagnostic test kits, and drugs by major countries (such as the US, Russia, China, and India) have increased the demand for rapid microbiology testing.

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Global Rapid Microbiology Testing Market Segmentation

Product

Instruments
Automated Microbial Identification & Antimicrobial Susceptibility Testing System
Mass Spectrometers
Bioluminescence & Fluorescence-Based Detection System
PCR Systems
Cytometers
Active Air Samplers
Other Instruments
Reagents and Kits
Sterility Reagents and Kits
Other Reagents and Kits
Consumables

Method

Growth-Based Rapid Microbiology Testing
Cellular component-Based Rapid Microbiology Testing
Nucleic Acid-Based Rapid Microbiology Testing
Viability-Based Rapid Microbiology Testing

Application

Clinical Disease Diagnostics
Food & Beverage testing
Pharmaceutical & Biological Drug Testing
Environmental Testing
Cosmetics and Personal Care Products Testing
Research Applications
Others

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This release was published on openPR.