Bacteriological Testing Market to Register 7.8% CAGR through 2022, Predicts M&M in Its New Report Published at MarketPublishers.com15 Dec 2017 • by Natalie Aster
LONDON – The world’s bacteriological testing market is predicted to gain momentum in the oncoming years, increasing from USD 9.58 billion in 2017 to 13.98 billion by 2022. The market is expected to grow at a 7.8% CAGR, driven by a hike in outbreaks of foodborne illnesses worldwide, implementation of stringent food safety requirements in developed countries, and increase in bacterial contamination in water resources owing to the increase in urban & industrial refuse. Still, the market growth could be considerably restrained by dearth of food control systems, infrastructure, technologies, and resources in developing economies are the key restraints for the growth of this market.
Basing on bacteria type, the salmonella testing grabs the mammoth share of the total marketplace. The laminated glass segment is set to keep on gaining traction, majorly owing to the severity of the infection.
Instruments represented the leading segment by component in 2016, which is owing to the introduction of complex and enhanced technologies, rising efficiency of instruments, and high prices of these instruments versus other components.
North America was the biggest in 2016, due to the existence of stringent food safety regulations and laws relating to nutritional qualities and labeling here. The APAC market is likely to see the fastest growth to 2022, fuelled by China, Australia, and Southeast Asian nations.
New research report “Bacteriological Testing Market- Global Forecast to 2022” drawn up by M&M offers a true, in-depth analysis of the market worldwide. It segments the market based on bacteria, technology, end-user industry, component, and based on region. The study provides granular market size estimates and forecasts for the market as a whole and each of its specific segments. It casts light on the major drivers, limiters, opportunities, and challenges; takes a shrewd look at the supply chain; and canvasses the regulatory framework. The research publication canvasses the competitive scenario, provides market ranking by company. It also includes company profiles of major service and equipment providers, covering their products, recent developments, SWOT analysis, etc.
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