MarkNtel Advisors recently published a detailed industry analysis of the Global Industrial Microbiology Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Industrial Microbiology Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The Industrial Microbiology Market sizeis projected to grow at a CAGR of around 6.8% during the forecast period, i.e., 2022-27.
What are the major Driver the Global Industrial Microbiology industry?
Increasing Demand of Microbial Ingredients by the Pharmaceutical Industry and Focus on Drugs Development – Pharmaceutical companies depend heavily on microbiology owing to the growing innovation in novel drugs to treat various diseases. Increased R&D in clinical laboratories and the advent of rapid microbiological testing methods for vaccines & devices are the key drivers for the Global Industrial Microbiology Market through 2026.
Vaccines are required in large quantities due to the accelerating population & increasing number of diseases, which, in turn, has significantly boosted drug manufacturing worldwide. The US, Canada, India, & China are the leading pharmaceutical markets globally, with an immense demand for pharmaceutical products. China is one of the world’s leading producers & exporters of pharmaceutical products, owing to the increased R&D spending, technological advancements, & the growing prevalence of chronic diseases.
Furthermore, various pharmaceuticals companies have expanded their R&D and production to meet the burgeoning demand for drugs & vaccines, which shall also fuel the growth of the Global Industrial Microbial Market during 2022-27. For instance:
- In 2021, Sterling Pharma Solutions invested about USD 13.5 million in the manufacturing & development processes at its site in Dudley, UK. It includes building new development laboratories to meet the growing demand for Active Pharmaceutical Ingredient (API) manufacturing that contains microbiological ingredients.
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What segments define the Global Industrial Microbiology Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Products
- Equipment & Systems
- Filtration Systems
- Microbial Detection
- Incubators & Culture Systems
- Air Monitoring Systems
- Sterilization Systems
- Others
- Consumables
- Media
- Rapid Detection Assays
- Reagents & Supplements
- Accessories
According to report, Industrial microbiology involves various techniques like the filtration system, microbial detector, air monitoring, sterilization, etc.
By Applications
- Pharmaceuticals
- Clinical Laboratories
- Food & Beverages
- Cosmetics
- Construction
- Agriculture & Environment
- Other
By End Users
- Biotechnology and Pharmaceutical Companies
- Commercial Quality Assurance
- Research Institution
- Industrial
- Regulatory Bodies
According to report, The use of industrial microbiology has significantly increased in historical years due to the rapidly expanding pharmaceutical sector worldwide.
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Geographical Analysis: Global Industrial Microbiology Market
By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of World
Global Industrial Microbiology Market Share & Competitive Landscape:
The Industrial Microbiology Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Industrial Microbiology Market are:
- Thermo Fisher Scientific Inc.
- SSI Diagnostica
- Sartorius AG
- Novamed Ltd.
- Eppendorf AG
- Becton Dickinson & Company
- Bio-Rad Laboratories Inc.
- Sigma Aldrich
- Biomerieux Industry
- 3M
- Asiagel Corporation
- Others
Global Industrial Microbiology Industry Recent Development:
- In 2020, Thermo Fisher Scientific Company acquired Phitonex Inc., a developer of a spectral dye platform for high-resolution biology applications for advancing R&D in cell therapy.
- In 2019, Biomerieux, the world leader in food microbiology testing, acquired Invisible Sentinel Inc., a leading manufacturer of molecular diagnostic tools that rapidly & effectively detect pathogens & harmful elements in food & beverages.
Questions Addressed in this Study
1.What factors are driving the Global Industrial Microbiology Market growth?
2.How is the Global Industrial Microbiology Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Industrial Microbiology Market?
4.What is the current size of the Global Industrial Microbiology Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Industrial Microbiology Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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