Global Microbiology Culture Market Size, Share, Forecast Report, 2020-2027
The global Microbiology Culture market garnered revenue around USD 5.8 Billion in 2019 and projected to reach USD 10.0 Billion in 2027, with at a compound annual growth rate (CAGR) 7% throughout the estimate period from 2020 to 2027. 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.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Microbiology Culture market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Microbiology Culture market growth.
The global Microbiology Culture market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
- Dickinson and Company
- bioMérieux S.A
- Bio-Rad Laboratories, Inc.
- Eiken Chemical Co, Ltd.
- EMD (Merck) Millipore
- Hi-Media Laboratories Pvt. Ltd.
- Neogen Corporation
- Sigma-Aldrich Co. LLC
- Scharlab S.L.
- Thermo Fisher Scientific, Inc.
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
Global Microbiology Culture Market: Segmentation
Microbiology Culture Market, by Culture Type
- Bacterial Culture
- Eukaryotic Culture
Microbiology Culture Market, by Media Type
- Simple Media
- Complex Media
- Synthetic Media
- Special Media
Microbiology Culture Market, by Application
- Food & Water Testing
- Bioenergy & Agricultural Research
- Cosmetic industry
- Pharmaceutical Industry
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- North America
- United States
- United Kingdom
- Rest of EU
- Asia Pacific
- Southeast Asia
- Rest of APAC
- Central & South America
- Rest of Central & South America
- Middle East and Africa
- Saudi Arabia
- Rest of MEA