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$9.5 Billion Bacteriological Testing Market 2017 - Global Forecast 2022 - Research and MarketsThe "Bacteriological Testing Market - Global Forecast 2022" report has been added to Research and Markets' offering. The bacteriological testing market, by services, is estimated to be valued at USD 9.58 billion in 2017 and is projected to reach 13.98 billion by 2022, at a CAGR of 7.8% from 2017 to 2022. The market is driven by global increase in outbreaks of foodborne illnesses, implementation of stringent food safety regulations in developed economies, and increase in microbial contamination in water reservoirs due to rise in urban & industrial waste. Lack of food control systems, technologies, infrastructure, and resources in developing countries are the major restraints for the growth of this market. Salmonella testing dominated the market for bacteriological testing in 2016; it is also projected to grow at the highest CAGR during the forecast period. The cases of Salmonella infection are sometimes found to be fatal. It is the most common pathogen causing foodborne and waterborne disease outbreaks found in the US and other countries. The severity of the infection is generating demand for Salmonella testing of food and water samples, which in turn is driving the market for bacteriological testing. The bacteriological testing equipment market, by component, was dominated by the instruments segment in2016. The dominance of instruments is attributable to the introduction of sophisticated & improved technologies, increased effectiveness of instruments, and high prices of such instruments compared to other components. The market for consumables & reagents is projected to be the fastest-growing during the forecast period. Consumables & reagents are vital components to be used to follow the set compliances of equipment. Therefore, increasing technical and regulatory complexity and their wide use in different instruments is driving this market. The North American market was the largest in 2016, owing to the stringency of food safety regulations and laws pertaining to nutritional content and labeling here. It has the highest number of testing laboratories among all regions and tests the most number of bacteriological samples. The Asia Pacific market is projected to be the fastest from 2017 to 2022 and is driven by China, Australia, and Southeast Asian countries, as these countries are becoming more aware of food safety and are implementing regulations for their testing. Key bacteriological testing services providing players include the following:
Key bacteriological testing equipment providing players include the following:
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Bacteriological Testing Market, By Bacteria 7 Bacteriological Testing Market, By Technology 8 Bacteriological Testing Market, By End-Use Industry 9 Bacteriological Testing Equipment Market, By Component 10 Bacteriological Testing Market, By Region 11 Competitive Landscape 12 Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/5rnb34/9_5_billion?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20171212005913/en/ |
