Impact Analysis of Covid-19
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The Global Petri Dish Market, by Product Type (Glass Petri dish and Polystyrene Petri dish), By End User (Hospitals and Diagnostic Labs, Pharmaceutical and Biotech Companies, and Research and Academic Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 155.2 million in 2017 and is estimated to exhibit a CAGR of 3.6% over the forecast period (2018-2026).
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Petri dish is commonly used laboratory equipment by researchers for culturing microorganisms such as bacteria, viruses and fungi over culture medium such as Agar, in order to perform various application such as diagnosis, research and development, and others. Petri dish provides sterile medium, allows visual inspection of the material under study, and provide suitable growth environment for microorganisms.
Petri dish is utilized as diagnostic tool with culture that proves presence of particular pathogen such as bacteria, fungus, and virus. Moreover, rising incidence of infectious disease such as urinary tract infection, Tuberculosis, Ebola, sexually transmitted disease, and respiratory disease, globally are expected to drive the petri dish market growth over the forecast period. For instance, according to the World Health Organization (WHO), around 3,319 deaths were reported due to infectious and parasitic disease in Sub Saharan Africa region, in 2012. According to the same source, Ebola accounted for around 8,000 deaths in Sub Saharan Africa, in 2014.
Similarly, according to a study published in the International Journal of Microbiology and Applied Science in 2018, around 150 million people are reported to be diagnosed with UTI infection annually. Healthcare-acquired methicillin-resistant Staphylococcus aureus, which is kind of superbug is one of major infections that needs culture-based diagnosis. Moreover, increasing number of hospital and diagnostic centers are further expected to fuel growth of the petri dish market over the forecast period.
Browse 25 Market Data Tables and 30 Figures spread through 160 Pages and in-depth TOC on “Petri Dish Market”, by Product Type (Glass Petri Dish and Polystyrene Petri dish), by End User (Hospitals and Diagnostic Labs, Pharmaceutical and Biotech Companies, and Research and Academic Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Global Forecast to 2026
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Additionally, increasing research and development efforts to develop treatment for chronic disease is another major factor, which is expected to drive growth of the petri dish market over the forecast period. Petri dish is significant part of many small procedures in developing new drugs.
Furthermore, major players in the petri dish market are focusing on launching new products, in order to cater to increasing demand form end-use industries and to expand their product portfolio thereby strengthening their position in the global market. For instance, in 2014, Millipore-Sigma and Micro tissue, Inc. collaboratively launched 3D petri dish, which mimic the in vivo environment and reduces animal dependency to test the drug or other sample. This aids in drug discovery and other research studies, as many regulatory bodies restricts animal use for clinical trial. For instance, in 2009, European Union banned animal studies for cosmetic drug testing and same trend is expected to be followed in other parts of world.
Moreover, Cellvate AB offers 3D Nano Matrix cell culture plates, which consists of porous and consistent networks of biocompatible nanofibers. The fibers offer an environment that mimic the complex surroundings cells experience in their native tissues. Additionally, cells in these networks are allowed to proliferate and interact with other cells in three dimensions (3D), in contrast to the monolayer cultures seen on conventional two dimensional (2D) surfaces. This offers life science researchers with more realistic in-vitro models, which can aid in reducing the number of drug failures in clinical trials and allows for more relevant data and successful research.
In addition, Thermo Scientific offers Nunc EasY Dish petri dishes that improve handling, stacking, and transporting of cell cultures in labs. The beveled grip ring is easy to hold and stays secure, while handling. The dishes receive the standard nunclon delta surface treatment to maximize adhesion for majority of cell types.
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Key Takeaways of the Petri Dish Market:
- The global petri dish market is expected to exhibit a CAGR of 3.6% over the forecast period, attributed to rising number of research and development in new avenues of medicine such as personalized medicine for the treatment of chronic disease
- Among product type, glass petri dish segment is expected to hold a dominant position in the market over the forecast period attributed to its universal availability, conventional usage, and different variants that are launched in the recent past such as 3D petri dish and compartmental petri dish.
- Among end user, hospital and diagnostic labs segment is expected to account for significant market share in the market over the forecast period, owing to rising incidence of infectious disease globally, which is expected to augment demand of petri dishes for diagnostic need over the forecast period.
- Among regions, North America is expected to hold a dominant position in petri dish market over the forecast period. The regional growth is attributed to presence of major pharmaceutical firms and research in the academic spaces in North America especially in the U.S.
- Key players operating in petri dish market include Aicor Medical, NEST Biotechnology, Thermo Fisher, Greiner Bio-One, Corning, Phoenix Biomedical, Millipore Sigma, Reinnervate, Narang Medical Limited, Biosigma S.r.l., and Pall Corporation, among others
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