India Mycoplasma Testing Market Size & Outlook, 2023-2030
India mycoplasma testing market, 2018-2030 (US$M)
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India mycoplasma testing market highlights
- The India mycoplasma testing market generated a revenue of USD 34.4 million in 2023 and is expected to reach USD 96.9 million by 2030.
- The India market is expected to grow at a CAGR of 15.9% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
Mycoplasma testing market data book summary
| Market revenue in 2023 | USD 34.4 million |
| Market revenue in 2030 | USD 96.9 million |
| Growth rate | 15.9% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Kits & Reagents, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Lonza Group Ltd, Merck KGaA, Charles River Laboratories International Inc, Asahi Kasei Corp, Sartorius AG, Eurofins Scientific SE, PromoCell GmbH, ATCC, InvivoGen |
Other key industry trends
- In terms of revenue, India accounted for 3.6% of the global mycoplasma testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan mycoplasma testing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 96.9 million by 2030.
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Mycoplasma Testing Market Scope
Mycoplasma Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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India mycoplasma testing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mycoplasma testing market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 54.36% in 2023. Horizon Databook has segmented the India mycoplasma testing market based on instruments, kits & reagents, services covering the revenue growth of each sub-segment from 2018 to 2030.
8.4.4.3 COMPETITIVE/MARKET SCENARIO India has a strong demand for cell culture products. The growing biopharmaceutical industry is one of the key factors driving the country’s mycoplasma testing market. In addition, the low production cost attracts manufacturers to the country.
As a result, in the past few decades, India has become a hub of pharmaceutical & biotechnology and has gained global attention due to its low capital investments. New product launches to meet the robust demand are also likely to fuel the demand for mycoplasma testing. In July 2024, Bioserve India launched a new product line of stem cell products, which includes Cell Culture and Stem Cell Products, Cell Reprogramming Kits, 3D Cell Culture Systems, and more.
Public sector enterprises such as the Biotechnology Industry Research Assistance Council (BIRAC) and the Department of Biotechnology (DBT) have also promoted R&D in the field of biotechnology across the country. Furthermore, growing research in the field of stem cells and cancer is further anticipated to create lucrative opportunities.
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Our clientele includes a mix of mycoplasma testing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the India mycoplasma testing market , including forecasts for subscribers. This country databook contains high-level insights into India mycoplasma testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India mycoplasma testing market size, by product, 2018-2030 (US$M)
India Mycoplasma Testing Market Outlook Share, 2023 & 2030 (US$M)
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