Report : South America E.Coli Water Testing Kits Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Analyte (E. Coli and Coliforms) and Application (Institutional, Government Research, Commercial, Beverage and Food Processing, Hospitality, Healthcare, and Others)
Government Research Segment is Expected to be the Fastest Growing During the Forecast Period for SAM Region
According to a new market research study on “SAM E.Coli Water Testing Kits Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and Technology” is expected to reach US$ 9,401.30 thousand by 2028 from US$ 6,990.60 thousand in 2021. The market is estimated to grow at a CAGR of 4.3% from 2021 to 2028. The report provides trends prevailing in the SAM E.Coli water testing kits market along with the drivers and restraints pertaining to the market growth. Government initiatives to raise awareness about E. Coli infections is the major factor driving the growth of the SAM E.Coli water testing kits market. However, issues associated with the cost associated with e-coli water testing hinder the growth of SAM E.Coli water testing kits market.
The SAM E.Coli water testing kits market has been segmented based on analyte, application, and country. On the basis of analyte, the SAM E.Coli water testing kits market is segmented into E. Coli and coliforms. The E. Coli segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on application, the market is segmented into institutional, government research, commercial, beverage and food processing, hospitality, healthcare, and others. The institutional segment dominated the market in 2020 and government research segment is expected to be the fastest growing during the forecast period. Based on country, the SAM E.Coli water testing kits market is classified into Brazil, Argentina and Rest of SAM.
The COVID-19 outbreak has severely impacted medical care in the South America region. Also, the nations are famous for medical tourism, which is also affected by the pandemic. The second wave of corona infections affects Brazil, Argentina, Uruguay, Chile, Peru, and Colombia. According to Worldometer, Brazil had reported 21,664,879 cases as of October 20th, 2021. There were 5,274,766 new cases in Argentina, after the sign of the second wave of COVID19 infections. The second wave of corona infections affects Brazil, Chile, Peru, Argentina, Uruguay, and Colombia. The SARS-CoV-2 pandemic had a sudden, dramatic impact on the healthcare of the SAM region. The COVID-19 pandemic has shifted the accepted and routine treatment of elective cases in hospital administration. South America are no exception. Strict social distancing procedures now apply, with patients being admitted to the clinic unaccompanied and individually. CoViD-19 has changed everyday life almost all over the world. Overall, the magnitude of this disruption is due to individual fears and government-level actions relative to the local impact of the pandemic. However, there may be times when restrictive measures are put in place in the early stages, when the rapid evolution of the problem is unknown, to ensure the community's health. In Argentina, this was the situation that paralyzed programmed medical care. Such restrictions are likely to have a negative impact on the research and development activities, which would directly restrain the growth of the E. coli testing market in the region.
BIO-RAD LABORATORIES INC.; Hach.; IDEXX LABORATORIES, INC.; NEOGEN Corporation; and WILHELMSEN are among the leading companies in the SAM E.Coli water testing kits market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Bio-Rad's RAPID'E.coli 2 Agar for Water Testing Receives EPA Approval to detect E. coli and Total Coliforms in Drinking Water. The solution includes chromogenic medium and a selective supplement that can detect these bacteria without the need for a confirmation step, delivering results in less than 24 hours
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