Global Bacteriological Testing Market to Grow from 11.93 Billion to 20.98 Billion at a CAGR of 7.2%, Top Key PLayers Include: SGS, Bureau Veritas, Intertek, Eurofins
The market research report on the Global Bacteriological Testing Market primarily highlights market standing and forecast, categorizes the world Bacteriological Testing for market size (value & volume) by makers, type, application, and region. It in addition executes the great study of value, current Bacteriological Testing for a geographical area, technology, and demand-supply. The Bacteriological Testing industry will still be a highly energetic industry. Although sales of Bacteriological Testing brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not enter into the Bacteriological Testing field hastily.
The bacteriological testing market was valued at USD 11.93 Billion in 2019, this is projected to reach 20.98 Billion by 2026, at a CAGR of 7.2% during the forecast period.
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Bacteriological Testing Market
The objective of bacteriological testing is to reveal the presence of any pathogenic bacteria in the drinking water supply. Before this process can be completed though, testing must first be done to detect the presence of microscopic cysts, algae, and other microorganisms. Once these elements are detected, they can then be categorized into what kind of contaminants they are and tested for their suitability to enter the water. The type of contaminant is determined and a sample is drawn which will be subjected to specific laboratory testing procedures. Through the use of advanced DNA technologies, complete profiles of each contaminant will then be generated.
Government recommendation to screen well water is expected to boost the growth of the global bacteriological testing market over the forecast period. For instance, in September 2021, The Louisiana Department of Health, U.S., recommended screening well water to private water well owners following Hurricane Ida.
The increasing prevalence of tuberculosis is also expected to propel the growth of the global bacteriological testing market over the forecast period. For instance, according to the World Health Organization, in 2018, India reported around 2.69 million cases of tuberculosis. Moreover, an increasing number of smokers is also expected to aid in the growth of the market. For instance, according to the World Health Organization, 1.337 billion people smoked tobacco worldwide in 2018.
Major players operating in the global bacteriological testing market are focused on launching new products to expand their product portfolio For instance, in September 2020, Intertek and Roquette, a provider of plant-based ingredients for Food, Nutrition and Health markets, launched a shared audit program for the food industry.
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- The increasing prevalence of bacterial infections is expected to propel the growth of the global bacteriological testing market over the forecast period. For instance, according to the study, ‘Prevalence of bacterial vaginosis and associated risk factors in pregnant women receiving antenatal care at the Kumba Health District (KHD), Cameroon’, published in May 2019, the prevalence of bacterial vaginosis was 26.2% in the study population.
- Major players operating in the global bacteriological testing market are focused on adopting M&A strategies to expand their product portfolio. For instance, in July 2021, Intertek Group plc acquired JLA Brasil Laboratório de Análises de Alimentos S.A, an independent provider of Food, Agri, and Environmental testing solutions based in Brazil.
- Major players operating in the global bacteriological testing market include SGS, Bureau Veritas, Intertek, Eurofins, Thermo Fisher, 3M, and Merck
A competitive landscape that identifies the main competitors of the worldwide market and its Bacteriological Testing market share was further highlighted during this analysis report. A deliberate identification of major competitors of the Bacteriological Testing market further as an innovative analysis of their current developments, core competencies, and investments in every phase are careful within the Bacteriological Testing analysis report.
Impact of COVID-19:
The bacteriological Testing Market report analyses the impact of Coronavirus (COVID-19) on the Bacteriological Testing industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Bacteriological Testing market in 2021.
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COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.
The research objectives of the Bacteriological Testing Market are :
- Analysis of Bacteriological Testing market (Historical Data, Current, and Forecast) to analyze the ratio of growth and market size.
- Bacteriological Testing Market risk, market opportunities, growth-driving forces, and confining factors of the business.
- Provides a transparent research plan regarding the Bacteriological Testing existing competitors together with rising ones.
- New technologies and issues to investigate Bacteriological Testing market dynamics.
The study will also feature the key companies operating in the industry, their product/business portfolio, market share, financial status, regional share, segment revenue, SWOT analysis, key strategies including mergers & acquisitions, product developments, joint ventures & partnerships, and expansions among others, and their latest news as well. The study will also provide a list of emerging players in the Pharmaceutical Plant Extracts market.
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