Increasing need for robust vaccines, rising number of research and development activities to develop novel pharmaceuticals, and rising concern regarding contamination and food safety are some key factors expected to drive market growth.
Increasing need for robust vaccines, rising number of research and development activities to develop novel pharmaceuticals, and rising concern regarding contamination and food safety are some key factors expected to drive market growth
According to Emergen Research, the global industrial microbiology market size was USD 10.80 billion in 2019 and is expected to reach USD 17.71 Billion in 2027 and is expected to register a revenue CAGR of 6.8 % during the forecast period, 2020-2027.
Market Dynamics:
Industrial microbiology refers to the branch of applied microbiology wherein microorganisms are used in industrial processes such as in the production of important products such as drugs, chemicals, fuels, and electricity. Industrial microbiologists often study and solve problems that are related to industrial production processes such as examination of microbial growth in pipes in chemical factory, monitor the impact of industrial waste on local ecosystem, and oversee microbial activities used in food production to ensure quality. Increasing use of industrial microorganisms to produce things such as food, cosmetics, pharmaceuticals, and construction materials, growing application of genetic engineering to develop novel industrial microorganisms, and advancements in bioprocess technology to develop fine-quality products are some key factors expected to drive market revenue growth over the forecast period.
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Industrial microbiology is increasingly used for the production of antibiotics, food products, enzymes, amino acids, vaccines, and chemicals. Industrial microbiology includes large-scale use of microorganisms to synthesize products of commercial value and for a wide range of applications. Over the recent past, more novel industrial processes involving microorganisms have launched that yield purer, less expensive products or substances that are not available through traditional process. This is expected to further drive market revenue growth over the forecast period. However, high costs associated with aseptic workflow and processes and longer production times are some key factors expected to hamper revenue growth of the market to a certain extent going ahead.
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
Sterility Testing Segment Revenue to Support Market Revenue Growth:
Sterility testing segment revenue is expected to expand at a rapid CAGR over the forecast period attributable to increasing need for sterile work environments during production of pharmaceuticals, rising need to ensure products are free from microbial contamination, and increasing emphasis and mandatory rules to incorporate sterility testing in R&D activities.
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Pharmaceutical & Biotechnology Segment to Account for Largest Revenue Share:
Pharmaceutical and biotechnology segment is expected to account for a significantly revenue share in the global market over the forecast period attributable increasing R&D activities, growing research on vaccines and medicines, and rising investment in pharmaceutical research.
Asia Pacific to Lead in Terms of Revenue CAGR:
Asia Pacific market revenue is expected to expand at a robust CAGR over the forecast period attributable to increasing incidence of chronic diseases, growing production of vaccines and medicines, and rising presence of key companies in the region.
Major Companies in the Market 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.
- BioMérieux SA
For the purpose of this report, 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
- Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Food & Beverages
- Pharmaceuticals & Biotechnology
- Agriculture
- Others
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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