The Microbiological Testing of Water Market 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.
Consumer awareness regarding consuming water to be safe, nutritious water as well as an increase in the consumption of water that is free of bacteria and chemicals are the main factors driving market growth. The pharmaceutical, biopharmaceutical, and food industries utilize testing of drinking and industrial water. Increasing water-borne diseases like typhoid, dysentery, and cholera play a significant role in market growth.
North America is projected to account for the largest market share of the Microbiological testing of water market during the forecast period.
In North America, multiple cases of waterborne disease outbreaks such as cryptosporidiosis and giardiasis have been found due to protozoan contamination. According to a journal published by National Center for Biotechnology Information (NCBI), the microbial waterborne diseases affected the developed countries such as US, where it has been estimated that each year 560,000 people suffer from severe waterborne diseases, and 7.1 million suffer from a mild to moderate infections, resulting in estimated 12,000 deaths a year. These contaminations grow due to an increase in microbial numbers in water reservoirs because of heavy rains or floods, lack of water treatment due to a substantial number of pathogens, and breakdown in the water treatment process.
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.
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.
