The global microbiology culture market has been predicted by Transparency Market Research (TMR) to uphold a moderately fragmented arrangement for its vendor landscape due to a substantial count of regional and international participants. In the past, top four companies, viz. Becton, Dickinson and Company, Merck Millipore, Thermo Fisher, and Sigma-Aldrich, had raked in a more than 50.0% share in the global microbiology culture market. With a view to attain a competitive edge in the global microbiology culture market, companies could take to achieving new breakthroughs and making novel discoveries in the industry. The level of competition, however, has been anticipated to stay high in the global microbiology culture market.
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According to a market intelligence publication authored by TMR, the global microbiology culture market could expand at a decent CAGR of 5.90% during the forecast period 2015–2023. This has been envisaged to help the global microbiology culture market improve its revenue valuation to around US$7.5 bn by the final forecast year. Foreseen to be immediately followed by special media, complex media could secure its position as one of the most preferred culture media until the next few years. Asia Pacific has been envisioned to register a faster CAGR of 6.80% by the end of the forecast period.
Need for Antibiotics Production on Large Scale Augments Microbiology Culture Demand
The increasing practices of microbiology culture on account of an aggressive demand for antibiotics could be key for the rise of the world microbiology culture market. Produced by microorganisms, antibiotics as secondary metabolites are extensively used in the treatment of various protozoan and bacterial infections. Since antibiotics occur naturally, their available quantity in the natural environment does not match with the quantity required for large-scale production. This has been foretold to intensify the requirement of microbial culture for obtaining antibiotics.
In the coming years, the demand for microbial culture could increase with the elevating consumption of antibiotics triggered by surging access to antibiotic drugs, improving healthcare expenditure, and telling frequency of infectious diseases. Furthermore, the BRICS economies that have secured a significant share in the consumption of antibiotics over the last decade, according to the Lancet Infectious Diseases Commission, have been prognosticated to raise the hopes of players functioning in the world microbiology culture market.
Expensive and Continual Functioning of Fermentation Vessels Increases Costs
High costs associated with culture media and the requirement of continual running of fermentation vessels over several weeks have been projected to impede the rise of the worldwide microbiology culture market. Producers of antibiotics could find it difficult to curb the cost of fermentation operated on a large scale. Moreover, alternative nutrient sources essential for the growth of various microorganisms have been forecasted to be difficult to identify, which could delay the growth in the worldwide microbiology culture market.
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However, the emergence of recombinant technology has been prophesied to bode well for players looking to improve their share in the worldwide microbiology culture market. Besides this, players could take advantage of the unmet medical needs in emerging nations and increasing growth of the worldwide microbiology culture market in developed regions owing to increased government funding. Apart from hospitals and laboratories, the food sector has been foreseen to increase the demand for microbial culture.
The information presented in this review is based on a TMR report, titled, “Microbiology Culture Market (Culture – Bacterial Culture and Eukaryotic Culture; Media – Simple Media, Complex Media, Synthetic Media, and Special Media) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023.”
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