Increasing microbial applications in vaccine development and growing demand for empty capsules are some of the key factors expected to boost market revenue growth
According to Emergen Research, the global industrial microbiology market size was USD 10.80 billion in 2019 and is expected to reach USD 17.71 billion in 2027 and register a revenue CAGR of 6.8% during the forecast period, 2020-2027.
Market Dynamics:
Steady revenue growth of the global industrial microbiology market is mainly attributed to factors such as growing use in the manufacture of empty capsules, increasing microbial applications in vaccine development processes, increasing adoption of microbiology techniques in the pharmaceutical, food & beverage, and agriculture industries, and increasing safety concerns for food and pharmaceutical products. Microbiology offers a systematic research & development method and is widely used in the production of vaccines to prevent various diseases. Microbial approaches are widely used for capsular disintegration. Factors such as increasing fermentation applications of industrial microbiology in syrup formulations and rise in R&D activities in the pharmaceutical & biotechnology industries are further expected to contribute to the global market revenue growth over the forecast years.
Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/369
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Reaction Consumables Product Segment Accounted for Largest Revenue Share in 2019:
Among the product segments, the reaction consumables segment accounted for a significantly large revenue share in the global industrial microbiology market in 2019. Growing use of reaction consumables in the identification or diagnosis of infectious diseases and stringent government regulations for the safety and quality control of pharmaceutical and food & beverage products are the major factors expected to boost revenue growth of this segment.
Pharmaceutical & Biotechnology Companies Segment to Register Fastest Revenue CAGR:
Based on end-use, the pharmaceutical & biotechnology companies segment is expected to register the fastest revenue growth rate in the global industrial microbiology market over the forecast period. Factors driving the growth of this segment are increasing incidence of infectious diseases worldwide, rise in production of antibiotics and vaccines in the pharmaceutical & biotechnology sectors, rising focus on new drug discovery & development, and growing use of microbiology techniques in the sterilization of pharmaceutical products such as medications, injectables, eye drop solutions, nasal sprays, and other inhalation materials.
North America Accounted for Largest Revenue Share in 2019:
Among regional markets, the North America industrial microbiology market held the largest revenue share in the global market in 2019. Rapid expansion of the pharmaceutical, biotechnology, and food & beverage industries in the region, increasing pharmaceutical research & development activities, stringent regulatory framework for safety and quality control of pharmaceutical and food & beverage products, and the presence of leading market players such as Thermo Fisher Scientific, Bio-Rad Laboratories Inc., and Becton, Dickinson, and Company are among the key factors driving the North America market revenue growth.
Major Companies in the Global Industrial Microbiology Market Include:
- The 3M Company
- Danaher Corporation
- Thermo Fisher Scientific
- Eppendorf AG
- Bio-Rad Laboratories Inc.
- Becton, Dickinson, and Company
- Merck KGaA
- Sartorius AG
- Novamed Ltd.
- BioMérieux SA
- Asiagel Corporation
- QIAGEN
Check Our Prices@ https://www.emergenresearch.com/select-license/369
For the purpose of this report, Emergen Research has segmented the global industrial microbiology market based on product, type, end-use, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Reaction Consumables
- Laboratory Supply
- Equipment & Systems
Test Type Outlook (Revenue, USD Billion; 2017-2027)
- Microbial Limit Testing
- Water & Environmental Testing
- Sterility Testing
- Bio-burden Testing
- Others
End-use Outlook (Revenue, USD Billion; 2017-2027)
- Pharmaceuticals & Biotechnology Companies
- Food & Beverage Companies
- Agriculture Industry
- Others
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/industrial-microbiology-market
Region Outlook (Revenue, USD Billion; 2017-2027)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- France
- K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Take a Look at our Related Reports:
AI-based Clinical Trials Solution Provider Market By Clinical Trial Phase (Phase-I, Phase-II, Phase-III), By Therapeutic Application (Cancer, Cardiovascular Disease, and Others), By End-use (Pharmaceutical, Academia, Contract Research Organizations), and By Region Forecast to 2028
CRISPR/CAS 9 Technology Market Size, Share, Trends, By Product & Service, By Application (Biomedical, Agricultural), By End-use (Biotechnology & Pharmaceutical Companies, Contract Research Organizations (CROs), Academics & Government Research Institutes), and By Region Forecast to 2028
Clinical Trial Software Market By Deployment (On-Cloud, On-Premises), By Delivery (Web-Based, Licensed Enterprise, Software as a Service), By End-use (Pharmaceutical & Biotechnology Companies, Contract Research Organizations, and Others, and By Region Forecast to 2028
Endometrial Ablation Devices Market Size, Share, Trends, By Technology Type (Cryoablation, Radiofrequency Ablation, Hysteroscopic Ablation, Thermal Balloon, Hydrothermal Ablation), By End-use (Ambulatory Surgery Center, Hospital, Clinic), and By Region Forecast to 2028
Healthcare Internet of Things (IoT) Security Market Size, Share, Trends, By Component (Solution, Services), By Security Type (Application Security, Network Security, Endpoint Security, Cloud Security, Others Security), By End-use (Hospitals, Surgical Centers, and Clinics), and By Region Forecast to 2028
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkedIn | Twitter | Blogs
Read Full Press Release: https://www.emergenresearch.com/press-release/global-industrial-microbiology-market
