The global Industrial Microbiology Market is forecasted to be worth USD 17.71 Billion by 2027, according to a current analysis by Emergen Research. The global market for Industrial Microbiology is forecasted to expand rapidly in the forecasted timeline. The growth can be attributed to the increasing demand for empty capsules and the rising demand for microbial applications in the development of vaccines. Due to fast accessibility and high growth rate, microorganisms are favored sources for microbial enzymes. Microbial cells can effectively create genetic changes using recombinant DNA technology for accelerated enzyme production and scientific development.
The detailed market intelligence report on the Industrial Microbiology market applies the best of both primary and secondary research to weighs upon the competitive landscape and the prominent market players expected to dominate the Industrial Microbiology market for the forecast period, 2020 - 2027. The study not only scans through the company profile of the major vendors but also analyses their winning strategies to give business owners, stakeholders and field marketing personnel a competitive edge over others operating in the same space. A detailed evaluation of the major events such as acquisition and mergers, collaborations, product launches, new entrants, and technology advancements offer a complete overview of what the future of the XYZ market will be like in the years to come.
However, it is anticipated that the high costs incurred in the maintenance of the aseptic process and the manufacture of sterile products will impede the development of the global market for industrial microbiology.
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Key Highlights From The Report
In March 2020, Danaher Corporation has completed the acquisition of the Life Sciences subsidiary of General Electric Company. The corporation will be renamed Cytiva as part of Danaher, which will be a separate operating entity within the Life Sciences division of Danaher.
The reaction consumable segment is anticipated to dominate the market with a CAGR of 7.0%, since this category of products extensively used to determine the origin of infections.
During the forecast period, the sterility test is anticipated to hold the largest market. Sterility testing is essential for surgical devices, pharmaceutical products, drugs, skin materials, and other products that tend to be sterile or free from viable microorganisms.
Over the forecasted timeline, the pharmaceutical & biotechnology segment is expected to dominate the market. The most beneficial effect of microbiology on the pharmaceutical industry is the development of antibiotics.
During the forecast timeframe, North America is anticipated to lead the market with a CAGR of 7.0%. The rapidly growing manufacturing and healthcare sectors in the United States are fueling the growth of the market.
Key participants include 3M Company, Danaher Corporation, Thermo Fisher Scientific, Inc., Eppendorf AG, Bio-Rad Laboratories Inc., Becton Dickinson and Company, Merck KGaA, Sartorius AG, Novamed Ltd, and BioMérieux SA, among others.
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Product Outlook (Revenue, USD Billion; 2017-2027)
Reaction Consumables
Laboratory Supply
Equipment & Systems
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)
Food & Beverages
Pharmaceuticals & Biotechnology
Agriculture
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Industrial Microbiology Market Definition
1.2. Industrial Microbiology Market Research Scope
1.3. Industrial Microbiology Market Methodology
1.4. Industrial Microbiology Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Industrial Microbiology Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Industrial Microbiology Market Segmentation & Impact Analysis
Continued…
