The global Industrial Microbiology Market size is expected to reach USD 19.36 billion by 2030, expanding at a CAGR of 6.9% during the forecast period, according to a new report by Grand View Research, Inc. The increasing discovery and development of vaccines, drugs, and vitamins by the pharmaceutical sector are expected to enhance the demand for industrial microbiology. Additionally, constant innovation in the technology employed for testing is expected to increase the efficiency and effectiveness of microbiology tests in numerous industries.
Industrial
microbiology in the food and beverage industry is increasing and is expected to
have significant growth during the forecast period. For instance, in November
2022, bioMerieux announced the availability of its product, Bottlesafe, across
the globe. The product offers pre-bottling testing for wineries. Bottlesafe
provides sufficient insights to verify filtration in less than 4 hours, as
compared to 2 to 5 days in traditional microbiological testing. Similarly, the
demand for pharmaceutical and biotechnology industries is also increasing. For
instance, in August 2022, SpectrumX announced the expansion of its team to
maintain product quality through industrial microbiology testing thereby accelerating
the overall process of bringing the product to the market.
The
COVID-19 pandemic had a significant impact on the market. Industrial
microbiology was used for diagnosing COVID-19, majorly through antigen tests,
and nucleic acid amplification tests (NAAT). As of January 2021, some of the
companies in Japan such as Sysmex Corporation, Kyorin Pharmaceutical Company
Limited, and Shimadzu Corporation, made nucleic acid amplification tests
available for COVID-19 tests.
The
growing strategic initiatives such as production or regional expansion by the
companies are anticipated to boost the industrial microbiology market growth in
the times to come. For instance, in October 2022, Thermo Fisher Scientific Inc.
announced an investment of USD 59 million to expand its lab operations in
Kentucky. The expansion is part of the global strategy to offer high-quality
central laboratory and biomarker services in the clinical research projects of
the customers. The central lab offers services in safety testing including microbiological
tests. Moreover, companies have established their central labs in Belgium,
Brussels, and Singapore. Thus, increasing regional expansion is also expected
to be a strong growth determinant for the industrial microbiology market over
the years.
Related Press
Release@ Industrial
Microbiology Market Report
List of Key players in the Industrial Microbiology Market
- bioMerieux
SA
- Thermo
Fisher Scientific Inc.
- Bio-Rad
Laboratories Inc.
- Becton
Dickinson and Company
- 3M Company
- Danaher
Corporation
- Eppendorf AG
- Merck KGaA
- Sartorius AG
- Asiagel
Corporation
Industrial Microbiology Market Report Highlights
- By product,
the reaction consumables segment is projected to have the fastest growth
rate with a larger market share of industrial microbiology in 2022. Since
increasing product development by the existing players to expand the usage
of industrial microbiology in various industries
- By test, the
sterility testing segment is anticipated to capture the majority of the
industrial microbiology market share in 2022. Owing to the stringent
requirements on sterile raw materials and components during drug
manufacturing are expected to propel market growth
- By end-use,
the pharmaceutical biotechnology segment is projected to have a
majority of the market share in 2022. This is attributed to the presence
of well-established regulations on drug discovery and development, and
highly monitored industry by the regulatory bodies
- North
America has strengthened its regional position in the market with 46.94%
of the overall market share. This is attributed to the growing R&D
activities in the industrial microbiology sector, along with the
increasing strategic initiative by the existing key players in the region
Related Reports@
Microbiology & Bacterial Culture for
Industrial Testing Market
Industrial Microbiology Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2023 |
USD 12.15 billion |
|
Revenue forecast in 2030 |
USD 19.36 billion |
|
Growth rate |
CAGR of 6.9% from 2023 to 2030 |
|
Base year for estimation |
2022 |
|
Historical data |
2018 - 2021 |
|
Forecast period |
2023 - 2030 |
Industrial Microbiology Market Segmentation
Grand
View Research has segmented the global industrial microbiology market based on
product, test, end-use, and region:
Industrial Microbiology Product Scope Outlook (Revenue,
USD Million, 2018 - 2030)
- Equipment
and Systems
- Filtration
Pumps and Systems
- Microbial
Detection Systems
- Air
Monitoring Systems
- Automated
Equipment
- Incubators
and Culture Apparatus
- Others
- Reaction
Consumables
- Media
- Reagents
and Strains
- Laboratory
Supplies
- Bags and
Bottles
- Loop and
Needles
- Petri
Dishes, Racks, Seals, Plates, and Holders
- Filtration
Disc and Membranes
- Others
Industrial Microbiology Test Scope Outlook (Revenue, USD
Million, 2018 - 2030)
- Sterility Testing
- Microbial
Limits Testing
- Bio-burden
Testing
- Water and
Environmental Testing
Industrial Microbiology End-use Scope Outlook (Revenue,
USD Million, 2018 - 2030)
- Food and
Beverages
- Pharmaceutical
Biotechnology
- Agricultural
- Environmental
- Cosmetic and
Personal Care
- Others
Industrial Microbiology Regional Scope Outlook (Revenue,
USD Million, 2018 - 2030)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Thailand
- Latin
America
- Brazil
- Mexico
- Argentina
- Middle East
& Africa
- South
Africa
- Saudi
Arabia
- UAE
- Kuwait
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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