Sign In  |  Register  |  About Livermore  |  Contact Us

Livermore, CA
September 01, 2020 1:25pm
7-Day Forecast | Traffic
  • Search Hotels in Livermore

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Strengthening Water Security: USA Government Initiatives and Market Growth in Microbiological Testing Services | Future Market Insights, Inc.

The U.S. microbiological water testing services market is experiencing robust growth, driven by government initiatives like the White House Action Plan on Global Water Security. Rising public awareness, regulatory support, and investments in innovative testing solutions address waterborne diseases, ensuring safe drinking water and strengthening resilient water infrastructure for health and community prosperity.

NEWARK, DE / ACCESSWIRE / November 18, 2024 / The global microbiological water testing services industry has an estimated market valuation of USD 1,220.0 million by 2024 and is projected to grow at a CAGR of 6.3% to reach a market valuation of USD 2,095 million by 2034.

Such growth is primarily driven by rising consumer awareness regarding the need for safe and clean water, as well as increasing incidences of waterborne diseases such as typhoid and cholera. Stringent government regulations aimed at ensuring water quality across various sectors, including pharmaceuticals, food and beverage, and environmental monitoring, further fuel the demand for microbiological testing services. As industries expand and urbanization increases, the need for reliable water-testing solutions becomes urgent to protect public health.

While a slew of forces have taken the lead in guiding the market forward, some are still dependent on the increasingly unquantifiable existing drivers. Above all else, the general understanding within a population about the related health risks of consuming water-tainted contaminants has made it critical for numerous water bodies to be regularly tested. This industry allows for the sterile use of water that all pharmaceutical and biopharmaceutical industries count on. Growing demand for testing services in emerging economies can be attributed to the prevalence of poor sanitation and inadequate water supply systems, creating excellent opportunities for growth. Area targets, however, remain largely of the general sentiment that such are in need of technically oriented work to get concerted efforts into establishing tremendous volume for laboratory testing confirmation.

Microbiological Water Testing Services Market

Geographically, North America currently leads the market due to the well-established regulatory framework set in place and advanced testing technologies. In contrast, Asia- Pacific is estimated to be growing with the highest rate on account of increasing industrialization along with constantly growing vigilance regarding better water qualities. For countries like India and Indonesia, there exist the golden opportunities considering they harbor huge populations and the dire needs for water sanitation practices. Conversely, infrastructure deficits and fragmentation in testing service remain crucial subsequent challenges impeding development opportunities across these areas. Overall, the microbiological testing of water market stands poised for continuous upward growth, with health issues and regulatory pressures propelling the market forward.

Country-wise Insights

Countries

CAGR 2024 to 2034

China

5.2%

India

3.5%

Brazil

4.5%

United States

6.3%

Germany

4.0%

Key Takeaways from the Global Microbiological water testing services Market Study:

  • North America and Europe dominate the microbiological water testing services market, propelled by stringent regulatory conditions and a well-built infrastructure for testing. Asia-Pacific, especially China and India, are projected to grow at the highest CAGR due to increased industrialization and greater awareness regarding water quality.

  • The Drinking Water Testing segment would dominate the market underlining the importance of clean drinking water and proper monitoring of health standards. This particular segment is expected to be driven by constant demand from municipal water authorities and regulatory bodies.

  • The Wastewater Testing segment to exhibit the highest CAGR owing to increasing environmental concerns regarding the need for effective wastewater management in industrialized and urban areas. Growth includes increased spending on environmental protection and compliance with regulation.

  • Major players in the Global Microbiological Water Testing Services Market include Eurofins Scientific, SGS SA, and Intertek Group holding a considerable market share owing to their diversified, if not rather extensive, service offerings and tested reputations in the testing industry.

"The market for microbiological water testing services is set for promising growth, driven by an urgent need to save the public from the global health threats posed by unsafe water. With about 4 million cases of diarrhea per year, there will be an increase in the demand for reliable water testing solutions, thus, offering enormous opportunities for growth in the market in the future," - says Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is winning?

The competition reading in the microbiological water testing services market is barely undergirded by innovation, partnership, and digitalization. Rapid pathogen detection is leveraged by companies such as IDEXX Laboratories pulling up their sleeves for better service delivery. Unionization brings forth real-time data analytics, which in turn empowers clients to better manage water safety. This digital transformation strengthens client relationships and creates unique selling propositions. Going forward, in a landscape that is transforming itself with increasing rapidity, the companies that place sustainability and compliance at the core will likely dominate the market.

  • In November 2022, IDEXX acquired Tecta-PDS, which specializes in automated water-based microbiology testing. This acquisition enhances IDEXX's capabilities in both laboratory and fieldtesting for contaminants like E. coli and total coliforms.

Some of these leaders of the Global Microbiological water testing services 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), Charles River Laboratories, Inc., Eurofins Scientific, QIAGEN N.V., Tintometer GmbH and bNovate Technologies SA.

Detailed Market Study: Full Report and Analysis https://www.futuremarketinsights.com/reports/microbiological-water-testing-services-market

Get valuable insights into the Global Microbiological water testing services Market:

Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the Global Microbiological water testing services Market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034.

The study categorizes valuable insights on the Global Microbiological water testing services Industry based on Type of Testing, Pathogen Type, Distribution Channel, Service Type and Region. As per Type of Testing, the industry has been categorized into Drinking Water Testing, Recreational Water Testing, Wastewater Testing and Environmental Water Testing. As per Pathogen Type, the industry is categorized into Coliforms and E. coli, Legionella, Pseudomonas aeruginosa, Enterococci, Vibrio, Clostridium perfringens and Others (Salmonella spp, Giardia, Rotavirus). As per Service Users, the industry is categorized into Municipal Water Authorities, Commercial and Industrial Facilities, Residential Users and Environmental Agencies. Different Service Type include Laboratory Testing Services and On-Site Testing Kits. The study consists of the following regions- North America, Latin America, Western Europe, Eastern Europe, Balkans & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and Middle East & Africa.

Authored by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

Explore FMI's related ongoing Coverage in Food and Beverage Domain:

The global carbohydrates testing services market is estimated to be worth USD 875.8 million by 2024. It is projected to reach a value of USD 1,644.0 million by 2034, reflecting a compound annual growth rate of 6.5% over the assessment period 2024 to 2034.

According to Future Market Insights residue testing services market research report, the net worth of the overall market is around USD 1.4 Billion for the year 2022.

The global food safety testing services market is presently valued at USD 15,836.90 million in 2023. Demand for food safety testing services is expected to surge at a 7.0% CAGR between 2023 and 2033, accumulating USD 30,061.73 million by 2033.

The global food authenticity testing services market is expected to reach USD 10112.8 million, surpassing USD 5893 million in 2023. A CAGR of 6% indicates positive market growth over the forecast period.

The Global Medical Food industry reached USD 20,721.9 million in 2019. Demand for Medical Food registered a 5.4% Compound Annual Growth Rate from 2019 to 2023, indicating that the global industry would reach USD 27,351.0 million in 2024.

The projected valuation of the food glazing agent market is estimated to surpass USD 7,533.2 million by 2034.

The worldwide liquid sugar market size is estimated to be USD 77 million in 2024. Displaying a CAGR of 5.8% through 2034, the sector is slated to be valued at USD 135 million by the end of the forecast period.

The global Vitamin Patches is estimated to be worth USD 6.6 billion by 2024. It is projected to reach USD 10.4 billion by 2034, reflecting a CAGR of 4.7 % over the assessment period 2024 to 2034.

The global glutathione supplements industry is estimated to be worth USD 357.5 million by 2024. It is projected to reach USD 652.5 million by 2034, reflecting a CAGR of 6.7% over the assessment period 2024 to 2034.

The food color market is forecasted to advance at a moderate CAGR of 5.8%, promising to reach USD 8.46 billion by 2034.

Global demand for food additives is projected to rise at a healthy CAGR of 7.2%, taking the overall market valuation to a massive total of USD 551.4 billion by 2034.

The global ready-to-eat food market is expected to reach USD 195.9 billion in 2024 and USD 391.1 billion by 2034. By 2034, the market is projected to rise at a 9.2% CAGR.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website:https://www.futuremarketinsights.com
LinkedIn | Twitter | Blogs |  YouTube

SOURCE: Future Market Insights, Inc.



View the original press release on accesswire.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Livermore.com & California Media Partners, LLC. All rights reserved.