According to the latest report published by Credence Research, Inc. “Industrial Microbiology Market was valued at US$ 8.9 Bn in 2016, and is expected to reach US$ 16.3 Bn by 2025, expanding at a CAGR of 6.9% from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Industrial Microbiology, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2025.
Industrial microbiology refers to screening of microorganisms for production of pharmaceuticals, food and beverage, personal care products and other applications. Industries worldwide perform billions of tests every year thus representing substantial market potential. Moreover, ever growing demand for consumer products, increasing demand for developing high quality products, establishment of international production standards and safety requirements have urged the demand for novel microbiology testing solutions. On the basis of products, global industrial microbiology market is broadly segmented into equipment and systems, reaction consumables and laboratory supplies. It is observed that reaction consumables is major revenue contributing segment and it is anticipated that it will show sluggish growth during forecast period. Growing safety concern in industries and increasing demand for starter cultures in pharmaceutical and food industries influencing the market growth of microbial media worldwide. It is anticipated that equipment and systems would show growth during forecast period. Increasing concern towards the microbial safety and stringent government regulations to control the quality of products used in microbiology laboratories influencing the market growth of products in industrial microbiology laboratories.
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- Becton, Dickinson and Company
- Bio-Rad Laboratories, Inc.
- Asiagel Corporation
- bioMérieux SA
- Danaher Corporation
- Eppendorf AG
- Thermo Fisher Scientific, Inc.
- Merck KGaA
- Sartorius AG
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Industrial Microbiology buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Industrial Microbiology contains:
Analysis and forecast of Industrial Microbiology market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Industrial Microbiology market;
Assessment and forecast of Industrial Microbiology market development;
Financial and business profiles of the leading companies in the Industrial Microbiology industry.
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– Up to date working Industrial Microbiology data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Industrial Microbiology for the period 2018 to 2026
– Planned Industrial Microbiology additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Industrial Microbiology projects by region, key countries, and companies
– Details of major planned Industrial Microbiology projects in the world up to 2026
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