Market Overview: Industrial Microbiology Market FY2022-2027
This reports provides an essential and dependable overview of the Industrial Microbiology Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Industrial Microbiology Market Report Coverage Details:
- Base Year: 2021
- Historical Data: 2017-20
- Forecast Period: 2022-2027
- CAGR: 6.8% (2022-2027)
The Global Industrial Microbiology Market size is projected to grow at a CAGR of around 6.8% during the forecast period, i.e., 2022-27.
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Industrial Microbiology Market 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 RD 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 RD spending, technological advancements, the growing prevalence of chronic diseases.
Furthermore, various pharmaceuticals companies have expanded their RD 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.
Industrial Microbiology Market Segmentation Analysis – FY2022-2027
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Industrial Microbiology Market (2022-2027). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Industrial Microbiology Market segmentation is enlisted below:
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
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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
By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia Pacific
Industrial Microbiology Market Competitive Landscape
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.
Industrial Microbiology Industry News:
- In 2020, Thermo Fisher Scientific Company acquired Phitonex Inc., a developer of a spectral dye platform for high-resolution biology applications for advancing RD in cell therapy.
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Key Report Highlights
- Market Dimensions Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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