The global microbiology culture market size was valued at US$ 5.9 Bn in 2019 and is expected to expand at a CAGR of 6.3% from 2020 to 2027. The global microbiology culture market size to hit around US$ 10 billion by 2027.
The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
The microbiology culture market has grown significantly in the last few decades in terms of demand in various end-use industries. Academia, clinical research organizations, and commercial end-use industries such as pharmaceutical, cosmetics, and food & beverages are providing impetus to the global microbiology culture market. Increase in the potential of bioprocessing and biopharmaceutical applications has driven the demand for microbiology culture media products. Globally, the production of all biopharmaceutical products such as vaccines, monoclonal antibodies, blood factors, and insulin is based on cell culture media. Biopharmaceutical production may not always necessarily be the introduction of novel therapeutics, it can also comprise biosimilars and generic biopharmaceuticals. This is expected to drive the global microbiology culture market in the next few years.
Increase in the use of mammalian cell line due to its wide application has increased the demand for specific cell cultures. After the production of first biopharmaceutical product Humulin, almost 4 to 17 biopharmaceutical product are approved annually. The shift of the biopharmaceutical industry to animal-derived cell culture in biopharmaceutical products is projected to enhance the growth of the microbiology culture market.
Bacterial Culture Media to be Highly Lucrative
The bacterial culture media segment accounted for the large share of the global microbiology culture market in 2018. Moreover, the segment is likely to continue its dominance during the forecast period, due to expected rise in application in food microbiology, pharmaceutical microbiology, and disease research.
Complex Media to Lead Microbiology Culture Market
In terms of culture media, the complex media segment held the largest share of the global microbiology culture market in 2018, followed by other market segments such as synthetic media, special media, and simple media. The special media segment is also expected to grow rapidly in the next few years, due to the increase in demand for customized media for specific purposes. The demand for complex media is likely to witness continuous growth during the forecast period, as it provides a full range of growth factors required to cultivate unknown bacteria or bacteria with complex nutritional requirements. Additionally, the demand for ready-to-use, off the shelf products in dehydrated and prepared culture media has increased significantly. This is expected to propel the segment in the near future.
High Demand for Microbiology Culture in Food & Water Testing
In terms of application, the food & water testing segment held a major share of the global microbiology culture market in 2018. The segment is anticipated to gain market share by the end of 2027. It is expected to expand at a CAGR of 6.9% from 2019 to 2027. The food & water testing segment is likely to witness faster growth rate due to increase in edible manufacturing processing firms and growing interest on food safety. Additionally, increasing research & developments in biotechnologies, rise in infectious diseases, and technological advancements in culture testing are some of the factors boosting the market growth. Governments across the world are taking initiatives in the development of innovative drugs to promote life sciences research. Investments by governments in basic research for decades have provided the fundamental insights for the next generation of innovation. Decades of federal investment in biological and medical sciences in the U.S. have contributed to the advances in the field. Research involves high risk and often decades-long endeavor, making it unattractive to profit-oriented firms. These are some other factors, which may drive the global microbiology culture market.
North America Dominated Microbiology Culture Market
North America dominated the global culture media market is terms of revenue in 2019 and is expected to dominate the market during the forecast period. North America is expected to grow at an impressive CAGR of 8.8% during the forecast period. Increase in the number of research activities and rise in prevalence of diseases are expected boost the growth of the market. According to the Centers for Disease Control and Prevention (CDC), salmonella causes illness in approximately 1.2 million people each year. Furthermore, increase in microbial testing in the food & beverage industry has boosted the growth of the culture media market in the U.S. Moreover, acquisition of the new private companies by key players enables to penetrate the market. Initiatives by the Government of Canada such as investment in life science sector for small firms and commercialization of research activities are likely to boost the growth of the culture media market in Canada.
The microbiology culture market in Asia Pacific is projected to grow at a rapid pace during the forecast period. Increase in geriatric population, rise in prevalence of diseases that cause hearing loss, surge in research & development, extensive government initiatives in the healthcare sector, and increase in presence & investments by global players fuel the growth of the microbiology culture market in Asia Pacific. According to the WHO, in 2017, approximately 2.8 million people were affected with TB in India and over 550 million with chronic hepatitis. Increase in prevalence of infectious diseases in developing countries boosts the growth of the market.
Major players having presence in the global microbiology culture market include
Microbiology Culture Market, by Culture Type
Microbiology Culture Market, by Media Type
Microbiology Culture Market, by Application
Microbiology Culture Market, by Region
The Microbiology Culture market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Microbiology Culture market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Microbiology Culture market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Microbiology Culture market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Microbiology Culture market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Microbiology Culture capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Microbiology Culture by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Microbiology Culture market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Microbiology Culture market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Microbiology Culture market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Microbiology Culture industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Microbiology Culture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Microbiology Culture market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Microbiology Culture market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Microbiology Culture market. These factors have benefited the growth of the global market for Microbiology Culture. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Microbiology Culture. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Microbiology Culture are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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