Global Bacteriological Testing Market To Grow From 11.93 Billion To 20.98 Billion At 7.2% CAGR, Major Key Players Include: SGS, Bureau Veritas, Intertek, Eurofins
The market research report on Global Bacteriological Testing Market mainly highlights the market position and forecast, categorizes the world Bacteriological Testing for the market size (value and volume) by manufacturers, type, application and region. He is also carrying out the great study of value, the Bacteriological Tests in progress for a geographic area, technology and supply-demand. The bacteriological testing industry will remain a very dynamic industry. Although the sales of Bacteriological Tests have brought many opportunities, the study group recommends that new entrants who have just the money but without the technical advantage and downstream support, not to enter the field of Bacteriological Tests to. haste.
The bacteriological testing market has been assessed at 11.93 billion USD in 2019, this should reach 20.98 billion by 2026, To 7.2% CAGR during the forecast period.
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Bacteriological Testing Market
The objective of bacteriological analyzes is to reveal the presence of possible pathogenic bacteria in the drinking water supply. Before this process can be completed, tests must first be performed for the presence of microscopic cysts, algae, and other microorganisms. Once these elements are detected, they can then be classified according to their type of contaminants and tested for their ability to penetrate into water. The type of contaminant is determined and a sample is taken which will be subjected to specific laboratory test procedures. Through the use of advanced DNA technologies, complete profiles of each contaminant will then be generated.
The government recommendation to filter well water is expected to drive the growth of the global bacteriological testing market during the forecast period. For example, in September 2021, the Department of Health in Louisiana, United States, recommended filtering well water to owners of private water wells in the aftermath of Hurricane Ida.
The increasing prevalence of tuberculosis is also expected to propel the growth of the global bacteriological testing market during the forecast period. For example, 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 help the market growth. For example, 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 example, in September 2020, Intertek and Roquette, a supplier of plant-based ingredients for the food, nutrition and health markets, launched a shared audit program for the food industry.
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Key points to remember
- The increasing prevalence of bacterial infections is expected to propel the growth of the global bacteriological testing market during the forecast period. For example, according to the study “Prevalence of bacterial vaginosis and associated risk factors in pregnant women receiving antenatal care at the health district of Kumba (KHD), Cameroon”, published in May 2019, the prevalence of bacterial vaginosis was 26.2% in the study population.
- The major players operating in the global bacteriological testing market are focused on adopting mergers and acquisitions strategies to expand their product portfolio. For example, in July 2021, Intertek Group plc acquired JLA Brasil LaboratÃ³rio de AnÃ¡lises de Alimentos SA, an independent provider of food, agricultural and environmental testing solutions based in Brazil.
- The 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 major competitors of the global market and its Bacteriological Testing market share has been further highlighted during this analysis report. Deliberate identification of the major competitors in the Bacteriological Testing market in addition to innovative analysis of their current developments, core competencies and investments in each phase is cautious in Bacteriological Testing Analysis report.
Impact of COVID-19:
The Bacteriological Testing Market report analyzes 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 nearly 180+ countries around the world, with the World Health Organization declaring it a public health emergency. The global impacts of the 2019 coronavirus disease (Covid-19) are already starting to be felt, and will have a significant impact on 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 disruptions, and by its financial impact on businesses and financial markets.
The research objectives of the Bacteriological Tests market are:
- Analysis of Bacteriological Testing Market (historical, current and forecast data) to analyze the growth ratio and market size.
- Bacteriological tests Market risk, market opportunities, driving forces for growth and business containment factors.
- Provides a transparent research plan for existing competing bacteriological tests as well as those on the rise.
- New technologies and issues to study bacteriological testing market dynamics.
The study will also present the key companies operating in the industry, their product / business portfolio, market share, financial standing, regional share, segment revenue, SWOT analysis, key strategies including mergers and acquisitions, product developments, joint ventures and partnerships, and expansions among others, and their latest news too. The study will also provide a list of emerging players in the Pharmaceutical Herbal Extracts market.
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