Molecular Microbiology Market Size, Share, Growth, and Industry Growth, By Type (Quantitative PCR Detection Diagnostic Kits, Pathogenic Microorganisms Diagnostic Kits and Other), By Application (Human and Veterinary), Regional Forecast To 2031

Updated On: 08 April 2024

Molecular Microbiology Market REPORT OVERVIEW

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The global molecular microbiology market size was 6761 million in 2021 and is projected to touch USD 19013.3 million by 2031, at a CAGR of 10.9% during the forecast period.

Molecular microbiology is a subdivision of microbiology, which deals with the molecular mechanisms and physiologic procedures of microorganisms and their usage in the manufacturing of vital biotechnology products and medicines as booster shots and vaccines. Involving a thorough review of microbial biological doings and developments at molecular levels. Scientists and medical researchers have inclined preferences of rapid detection molecular methods, as it presented the market into limelight.

Numerous molecular microbiological techniques are rapidly incorporated in laboratories for the detection and characterization of pathogens which cannot be identified by orthodox culture approaches. Furthermore, these molecular procedures can analyze the molecules that microorganisms consist and breed including DNA, RNA proteins, cellular metabolites and lipids.

COVID-19 Impact: Inclination in Molecular COVID-19 Testing Boosts Sales

The time period when COVID-19 pandemic occurred, demands of humongous quantities in molecular tests (RTPCR) rocketed. These tests consumed for entering malls, workplaces, restaurants, hotels, and for travel locally and internationally and in other public places. Governments sponsoring these molecular microbiology tests in rural areas, to spread the awareness of the pandemic, while ensuring safety of the people.  As the pandemic spread globally it created surges in revenue levels of companies working in infection and diseases sector in the healthcare market, overall benefitting the market.

LATEST TRENDS

"Increased Usage of In Situ Hybridization (ISH) Technology for Cancer Detection"

The procedure of ISH technique is mainly an application supporting the understanding in pathogenic methods and conducting molecular testing for diagnosis, monitoring, and treatment of cancer. Furthermore, key players in the market set a trend of consuming ISH technology, as it locates and determines mRNA appearances in preserved tissue samples of cancer. Moreover, rises in the aging population who are more likely to have cancer augments demand of the product as the human population constantly increases, the market segment is anticipated to witness market growth in the foreseeable future.

Molecular Microbiology Market SEGMENTATION

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• By Type

Based on type; Quantitative PCR detection diagnostic kits and pathogenic microorganisms diagnostic kits and other.

Quantitative PCR detection diagnostic kits is the leading part of this segment.

• By Application

Based on application; Human and veterinary.

Human application is the leading application part of this segment.

DRIVING FACTORS

"Growing Adoption of Diagnostic Kits Rockets Market Growth"

The measurable PCR detection diagnostic kits, pathogenic microorganism’s diagnostic kits are mainly consumed for the early detection of numerous diseases. Market players of the want to produce efficient and productive results for the users and it is achieved by these diagnostic kits. Furthermore, aggregated applications of molecular microbiological methods are adopted by several end user industries such as hospitals, diagnostic laboratories and research institutes is expected to provide a thrust to market growth during the current and foreseeable period. Moreover, the PCR kits are expected to boost the molecular microbiology market share.

"Rising Awareness of Diseases Raises Market Growth"

Increasing occurrence of infectious diseases with growing need for early detection and reporting of microorganisms is acting a catalyst for the growth of the market and the trend is possible to stay. In addition to this, changing procedures for the early diagnosis of diseases is the talk in the market as it is a revelation. The incidence of STIs, such as HIV and HPV, is growing and is anticipated to target population resulting in a higher demand of the product. Moreover, rising awareness about infectious diseases and their impact disastrous health bearings is forecasted to boost the molecular microbiology market growth.

RESTRAINING FACTORS

"Costly Tests Hampers Market Growth"

Rises in the cost of the tests are recorded because of key players raising the prices, to expand their market share and position by generating higher levels of revenue. This enforces small and medium sized enterprises to follow these changes to survive with the competition in the market. Overall, due to key market players setting the pricing and trends in the market, the heighten price of tests is bared by the consumers. Hence, this factor drivers consumers away from molecular microbiology products and diminishing the market growth.

"Lack of Skilled Professionals to Manage Products to Impede Market Growth "

The complexity of developing and handling the products, requires extreme skills and precision for an example of implicating developments of a vaccine, enhancements in making molecular tests rapid and more efficient. Furthermore, a shortage of these professionals leads to fewer developments in molecular microbiology and restricts the market to keep up with latest developments and trends, while failing to provide consumers with the best products possible. This eventually leads to the users, preferring products of the competitors and minimizing the overall growth of the market.

Molecular Microbiology Market REGIONAL INSIGHTS

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"North American Region Holds Leading Market Position Globally"

North American accounts for the leading region in the molecular microbiology market, because of hardened market penetration and matching the needs and demands in the market. Furthermore, increasing contagious infections and chronic diseases in this region, to influence the market to develop the molecular microbiology products through research and development processes to get more effective. Mainly, high awareness of such diseases is well established which boosts the market growth as consumers begin to take more safety measures. Introduction of spreading into targeted therapies are anticipated to enhance the market growth.

KEY INDUSTRY PLAYERS

The new initiatives by key market players to enhance access to minimize costs of raw materials resources are expected to motor the molecular microbiology market growth. The molecular microbiology products generates precise & effective outcomes and has essential applications in disease diagnostics. Moreover, the industry players are including transplant medication, inherited gene tests and hematology tests through government investments and support to widen the scope of the market and implement overall share growth.

List of Market Players Profiled

• Roche (Switzerland)
• Qiagen (Germany)
• Illumina (U.S.)
• Abbott (U.S.)
• Hologic (U.S.)
• BioMerieux (France)
• Danaher (Cepheid) (U.S.)
• Myriad Genetics (U.S.)
• DAAN Gene (China)
• Agilent (U.S.)
• Genomic Health (U.S.)
• BD (U.S.)
• Foundation Medicine (U.S.)

INDUSTRY DEVELOPMENT

January 2022: Seegene enterprises availed the production of its new developed product Allplex SARS-CoV-2 Fast PCR Assay. This version of molecular test has a new and improved measurable time as it offers results within 60 minutes from the test taken, which becomes mainly applicable for mass and group tests such as in airports and users in quarantine.

REPORT COVERAGE

This report includes and supplies, the market competition landscape thorough analysis of the molecular microbiology market and underlines upon key industry players, latest trends, driving and restraining factors, COVID-19 impacts, and redefining industry developments in the market and important sources of the product. Additionally, to the important factors and key improvements in the products to capture consumers that have augmented the markets growth globally.