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(Health-NewsWire.Net, March 10, 2023 ) According to a research report "Microbiological Testing of Water Market by Pathogen type (Legionella, Coliform, Salmonella, Clostridium, Vibrio), Type (Instruments, Reagents & Test Kits), Water Type (Drinking & Bottle, Industrial water), Industry and Region - Global Forecast to 2027" published by MarketsandMarkets, the market for Microbiological testing of water is estimated at USD 1.6 billion in 2022. It is projected to grow at a CAGR of 7.4% to reach USD 2.3 billion by 2027.
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By instrument, the Reagent and test kits market is projected to achieve the highest CAGR growth in the Microbiological testing of water market.
The reagents & test kits are the fastest-growing segments in the Microbiological testing of water market. This is due to the advancement of testing methods that allow for the analysis of larger sample sizes while also reducing the time needed for sample testing.
The Pharmaceutical segment is projected to dominate the Microbiological testing of water market and is projected to achieve the largest market share during the forecast period.
Pharmaceutical research is an important industrial segment for microbiological water testing. Identification of novel organisms in water that are employed in drug development is one of the major applications. Microbiological water quality monitoring is significant for the pharmaceutical and biopharma business because of this important application of drug development. Pathogen-free water is a significant factor during the manufacture and research of various pharmaceutical products. The microbiological parameter is important in industry together with other water testing parameters since it can cause harmful microbiological effects and waterborne outbreaks when contaminated water is used. Microbiological water testing is required by stringent regulatory requirements and GMP (Good Manufacturing Practices) compliance to prevent health issues.
Asia Pacific is projected to achieve the highest CAGR in the Microbiological testing of water market.
The Asia-Pacific region is emerging as a huge market for microbial water testing as a result of increasing awareness of microbiological water contaminants and their effects on human health. The region's increasing need for packaged drinking water has led to the establishment of unauthorized companies that obtain their water from unregulated sources and sell it untreated. This has increased the demand for microbiological water testing, which is fueling the expansion of the market for microbial water testing equipment. Many leading companies, including Agilent Corporation (US), Shimadzu Corporation (Japan), and Thermo Fisher Scientific (US), have been providing microbiological water testing solutions to various Asian countries, particularly China.
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Key Market Players
The key players in this market include 3M (US), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Döhler Group (Germany), Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Merck (Germany), PerkinElmer, Inc. (US), Bio-Rad Laboratories, Inc. (US), IDEXX Laboratories, Inc. (US), Avantor Inc. (US), Hardy Diagnostics (US), LaMotte Company (US), Accepta Ltd (UK), General Laboratory Products (US). These players focus on expanding their production facilities by launching products to grow their businesses and market share. They also focus on extensive R&D initiatives, geographical expansions, and strategic acquisitions to gain a foothold over the large extent of the market's supply chain.
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