According to Emergen Research, the global industrial microbiology market size was USD 11.53 billion in 2020 and is expected to reach USD 18.9 billion in 2028 and register a revenue CAGR of 6.8% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Industrial Microbiology Market, By Product (Reaction Consumables, Laboratory Supply, Equipment & Systems), By Type (Microbial Limit Testing, Sterility Testing, Water & Environmental Testing, Bio-burden Testing, Others), By End-use (Pharmaceutical & Biotechnology Companies, Food & Beverage Companies, Agriculture Industry, Others), and By Region, Forecast to 2028”
According to Emergen Research, the global industrial microbiology market size was USD 11.53 billion in 2020 and is expected to reach USD 18.9 billion in 2028 and register a revenue CAGR of 6.8% during the forecast period, 2021-2028.
Market Dynamics:
Key factors providing impetus to the global industrial microbiology market revenue growth are increasing applications of advanced industrial microbiology techniques in pharmaceutical and food & beverage manufacturing, growing use in production of empty drug capsules, rapid spread of infectious diseases worldwide – including the novel coronavirus disease and its emerging variants – and rising public concerns regarding the safety and quality of pharmaceutical and food & beverage products. Significantly growing demand for effective drugs and vaccines against COVID-19, rise in pharmaceutical and biotechnological research & development activities for novel drugs and therapeutics, increasing investments by public and private organizations in the life sciences industry, and stringent norms being enacted by regulatory bodies such as the WHO and USFDA to ensure the safety and quality of pharmaceutical and food & beverage products are some of the other important factors driving the global industrial microbiology market revenue growth.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/369
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Reaction Consumables Segment Accounted for Largest Revenue Share in 2020:
Based on product, the global industrial microbiology market is segmented into reaction consumables, laboratory supply, equipment & systems. The reaction consumables segment dominated other segments in terms of largest revenue share in the global market in 2020. Major factors driving revenue growth of this segment include rising prevalence of infectious diseases, increasing usage of reaction consumables in disease diagnosis and drug development, and stringent regulatory protocols for safety and quality control of food & beverage and pharmaceutical products.
Pharmaceutical & Biotechnology Companies Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global industrial microbiology market is segmented into pharmaceutical & biotechnology companies, food & beverage companies, agricultural industry, and others. The pharmaceutical & biotechnology companies segment is expected to register the fastest revenue CAGR in the global market over the forecast period. Major factors contributing to this segment’s revenue growth are increasing cases of infectious diseases across the globe, including the SARS-CoV-2 disease, rising demand for advanced antibiotics and vaccines to protect against COVID-19, increasing government investments in the pharmaceutical & biotechnology sectors for new drug discovery and development, and rising applications of the industrial microbiology techniques in pharmaceutical production processes such as syrup formulations and sterilization of drugs & injectables, nasal sprays, eye drop solutions, inhalation materials, and other products.
North America Accounted for Largest Revenue Share in 2020:
The North America industrial microbiology market dominated other regional markets in terms of highest revenue contribution in the global market in 2020, supported by certain favorable factors. Increasing use of advanced industrial microbiology techniques in the region’s pharmaceutical & biotechnology, food & beverage and agriculture industries, rising cases of infectious diseases including COVID-19, implementation of stringent regulatory norms for the quality and efficacy of pharmaceutical and food & beverage products, and presence of some of the major market players in the region, including Bio-Rad Laboratories Inc., Thermo Fisher Scientific, Becton, Dickinson, and Company, and Danaher Corporation, are factors that significantly drive the regional market revenue growth.
Buy your Exclusive copy @ https://www.emergenresearch.com/select-license/369
Major Companies in the Global Industrial Microbiology Market Include:
- The 3M Company
- Danaher Corporation
- Thermo Fisher Scientific
- Eppendorf AG
- Bio-Rad Laboratories Inc.
- Becton, Dickinson, and Company
- Merck KGaA
- Sartorius AG
- Novamed Ltd.
- BioMérieux SA
- Asiagel Corporation
- QIAGEN
For the purpose of this report, Emergen Research has segmented the global industrial microbiology market based on product, type, end-use, and region:
Product Outlook (Revenue, USD Billion; 2018-2028)
- Reaction Consumables
- Laboratory Supply
- Equipment & Systems
Test Type Outlook (Revenue, USD Billion; 2018-2028)
- Microbial Limit Testing
- Water & Environmental Testing
- Sterility Testing
- Bio-burden Testing
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Pharmaceuticals & Biotechnology Companies
- Food & Beverage Companies
- Agriculture Industry
- Others
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/industrial-microbiology-market
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Explore Related Reports by Emergen Research:
Top 10 Companies Leading the Global Virtual Cardiology Market
Top 10 Leading Companies in the Global Biosensor Market
Top 10 Companies In Cobot Market Revolutionizing The Future of Workplace
Top 10 Leading Manufacturers of Counter UAS in the World
Top 8 Globally Leading Companies Offering Voice Biometrics Solutions to Strengthen Security and Authentication
Top 7 Companies Offering Hyperautomation Services & Solutions Globally
Top 10 Leading Companies in the Global Blockchain in Retail Market
Top 10 Companies Advancing Smart Grid Technology To Create Sustainable Energy Future
Top 10 Globally Leading Providers of High Acuity Information Solutions
Top 10 Companies Reimagining Patient Experience with Best-in-class Healthcare CRM Solutions
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Full Press Release@ https://www.emergenresearch.com/press-release/global-industrial-microbiology-market