Global Industrial Microbiology Market Size, Share, Analysis, Trends Future & Forecast 2027
MarkNtel Advisors has recently released an all-encompassing report on Global Industrial Microbiology Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2027: Revealing Industrial Microbiology Market Insights and Analysis
The Global Industrial Microbiology Market is projected to grow at a CAGR of around 6.8% during the forecast period, i.e., 2022-27.
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Key Driver: 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.
A Comprehensive Overview of Geographical Diversity:
the Global Industrial Microbiology Market expands across:
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Of all regions, North America is anticipated to dominate the market with the largest share during the forecast period, mainly due to the rapidly accelerating manufacturing of pharmaceuticals, healthcare systems, & laboratories across the region.
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Industrial Microbiology Market Segmentation Outline:
- 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
- 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
Competitive Outlook
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.
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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 & emerging geographies allows our clients to formulate their strategies in a much more 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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