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Kenneth Research has recently added a report titled Global Bacteriological Examination Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Bacteriological Examination Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Bacteriological Examination Market is continuously growing in the global scenario at significant pace. Bacteriological examination refers to analysis of substance to evaluate presence of bacteria and number of that bacteria, and to find out type of bacteria present. It is a microbiological analytical procedure in which samples of any substance such as water, is used and the concentration of bacteria is determined from these samples. Implementation of stringent food safety regulations and increase in outbreak of foodborne illnesses are the substantial driving factors of the market during the forecast period. Additionally, shift from culture-based tests to rapid tests for cost & time effectiveness and increasing microbial contamination in water reservoirs due to increased urban and industrial waste are also aiding the growth in the global market. Moreover, growing industrialization and trade in developing economies is the major factor that likely to creating lucrative opportunity in the near future. However, Lack of infrastructure, technology and resources in in some of the countries and high cost associated with the examination are the factor that limiting the market growth of Bacteriological Examination during the forecast period.
The regional analysis of Global Bacteriological Examination Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to stringency of regulation towards food safety, rising health conscious consumer base and rising number of laboratories for bacteriological examination in the region. Europe is estimated to grow at stable growth rate in the global Bacteriological Examination market over the upcoming years. Asia-Pacific is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to growing concern towards food safety among people in the region.
The major market player included in this report are:
• Bureau Veritas
• TUD SUD
• ALS Limited
• Thermo Fisher
• Agilent Technologies
• Romer Labs
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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Reagents & Consumables
Food & Beverage
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Bacteriological Examination Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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