Market Leaders: The Majority of Big Players are Focusing on Product Launches and Collaborations to Strengthen their Market Position in Microbiological Testing of Water Market
According to MarketsandMarkets, the microbiological testing of water market size is estimated to be valued at USD 1.6 billion in 2022 and is projected to reach USD 2.3 billion by 2027, recording a CAGR of 7.4% in terms of value. The industry is witnessing a lot of new product launches and collaborations and mergers between big players.
The key players in this market are 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), and General Laboratory Products (US).
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3M is one of the leading manufacturers of products for a wide range of markets. The company’s expertise includes product development, manufacturing, and marketing. It manages its operations in four business segments. The reportable segments include Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The health care segment includes food safety, health information system, medical solutions, oral care, separation and purification science, and other health care related services. The products for microbiology water testing are also delivered under the healthcare business segment.
Thermo Fisher Scientific Inc. is a global leader in science solution and serves customers working in pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental, industrial quality and process control settings. It has an extensive product portfolio ranging from technologies, software, and services. The company offers a widespread portfolio of reagents, instruments, and consumables used in biological and medical research, drug discovery and production, and infection and disease diagnosis through its Life Sciences Solutions segment.
Danaher Corporation manufactures medical, industrial, and commercial products and services. The company operates through five segments, namely, life sciences & diagnostics, industrial technologies, environmental, dental, and test and measurement. The company provides solutions for microbiological testing of water majorly through Aquatic Informatics, Chemtreat, Hach, Mccrometer, Ott Hydromet, Pall Water, Sea-Bird and Trojan Technologies. The company operates globally through its various subsidiaries across the countries like Argentina, Australia, Belgium, Brazil, and China.
PerkinElmer, Inc. is a leading provider of products, services, and solutions to the diagnostics, research, environmental, industrial, and laboratory services markets. The company operates in three business sectors and serves all major industry sectors ranging from life sciences research market, laboratory services market, environmental water testing, food and industrial markets. The company also supplies instruments, reagents, assay platforms, and software to hospitals, medical labs, clinicians and medical research. PerkinElmer markets its products and services in more than 190 countries across the globe.
In 2021, PerkinElmer, Inc., acquired BioLegend for an estimated total consideration of USD 5.25 billion. The acquisition will help the company in the expansion of its product offerings into market-leading segments like cytometry, proteogenomic, multiplex assays, recombinant proteins, magnetic cell separation, and bioprocessing.
Related Reports:
Microbiological Testing of Water Market by Pathogen type (Legionella, Coliform, Salmonella, Clostridium, Vibrio), Type (Instruments, Reagents & Test Kits), Water Type (Drinking & Bottle, Industrial water), Industry and Region - Global Forecast to 2027
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