According to a new report published by UnivDatos Markets Insights, the Industrial Microbiology Market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into Product (Equipment and Systems, Reaction Consumables, Others); End-User (Food and Beverages, Pharmaceutical Biotechnology, Agricultural, Environmental, Cosmetic and Personal Care, Others); Region/Country.
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The industrial microbiology market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the industrial microbiology market. The industrial microbiology market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the industrial microbiology market at the global and regional levels.
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Market Overview
The demand for the industrial microbiology market is growing due to the rise of applications in testing in an organization, gas companies, and the food and beverage industry which boosts the adoption of inorganic growth strategies among key industry players around the globe. For instance, In April 2022, Adaptive Phage Therapeutics (APT) and Venatorx Pharmaceuticals both received funding from the Antimicrobial (AMR) Action Fund. The transactions are the Fund's first investments, and they represent a significant step toward the Fund's goal of bringing novel therapies to market for priority pathogens defined by the World Health Organization (WHO) and the United States Centers for Disease Control and Prevention (CDC). Owing to these glaring statistics the demand for industrial microbiology is anticipated to grow in the forthcoming years as the increased risk of contamination and strict government regulation against contamination from microbes, boosted the growth of the industrial microbiology industry. Moreover, increasing drug exports and imports have compelled manufacturers to follow pharmacopoeia fueling the demand for the industrial microbiology market. Furthermore, the advancements in the field of industrial microbiology are expected to drive the market for industrial microbiology market in the coming years.
Some of the major players operating in the market are bioMerieux SA; Thermo Fisher Scientific Inc; Bio-Rad Laboratories, Inc.; Becton Dickinson and Company; 3M Co; Eppendorf AG; Merck KGaA; Sartorius AG; Asiagel Corporation; and Qiagen NV.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The COVID-19 pandemic has had a significant impact on the demand for industrial microbiology. Many industries have experienced issues with production and supply chains, including inconsistent demand for goods and services in the market and timely delivery of goods to end users. The industrial microbiology market has also been moderately affected by the crisis, owing to a shortage of diagnostic experiments as a result of restricted activities in the health care private sectors. Furthermore, there is insufficient support for research and academics as a result of the temporary closure of major academic institutes and a fragmented supply chain, as well as difficulties in supplying essential/post-sales facilities due to the lockdown. As a result, the supply of industrial microbiology products in research institutes, the healthcare sector, and the food and beverage industry has been reduced.
The global industrial microbiology market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on the product, the industrial microbiology market is segmented into equipment and systems, reaction consumables, and others. The reaction consumables segment accounted for a significant market share in 2020, and it is estimated that it will grow rapidly during the projected timeframe. Consumables for industrial microbiology testing are not interchangeable and must be used on a regular basis. The supply chain was further disrupted during COVID-19 due to the segment's unprecedented demand. As a result, various regions encouraged players to increase domestic production of consumables in order to reduce reliance on imports. Increased consumables production in the emerging market is expected to boost the segment's competitiveness in industrial microbiology testing.
· Based on the end-user, the market is fragmented into food and beverages, pharmaceutical biotechnology, agricultural, environmental, cosmetic and personal care, and others. The pharmaceutical biotechnology segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Quality must be maintained throughout the manufacturing process in the pharmaceutical and biotechnology industries. These standards are upheld through a variety of means, one of which is the environmental monitoring process, which determines the quality and sterility of the controlled production environment.
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Industrial microbiology Market Geographical Segmentation Includes:
· North America (U.S., Canada, and Rest of North America)
· Europe (Germany, U.K., Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America constitutes a major market for the industrial microbiology industry owing to the well-established companies from industries such as pharmaceutical and biotechnology, and food and beverages and significant investment by the pharmaceutical, biotechnology, and food industry in the research and development of new products, along with growing demand for nutraceuticals and fermented products in the region and increasing product launches in the region.
The major players targeting the market include
· bioMerieux SA
· Thermo Fisher Scientific Inc.
· Bio-Rad Laboratories, Inc.
· Becton Dickinson and Company
· 3M Co
· Eppendorf AG
· Merck KGaA
· Sartorius AG
· Asiagel Corporation
· Qiagen NV.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the industrial microbiology market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the industrial microbiology market?
• Which factors are influencing the industrial microbiology market over the forecast period?
• What are the global challenges, threats, and risks in the industrial microbiology market?
• Which factors are propelling and restraining the industrial microbiology market?
• What are the demanding global regions of the industrial microbiology market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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