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.
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.
Market Size – USD 10.80 billion in 2019, Market Growth – CAGR of 6.8 %, Market Trends – The rise in the new enzymes’ development.
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Scope Of The Report:
The global Industrial Microbiology market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Industrial Microbiology market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Global Europe Industrial Microbiology market competition by TOP MANUFACTURERS, with production, price, and revenue (value) and market share for each manufacturer; the top players including:
- 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.
Emergen Research has segmented the global Industrial Microbiology Market on the basis of product, type, end-use, and region:
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
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Food & Beverages
- Pharmaceuticals & Biotechnology
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
- 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 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.
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