Industrial Microbiology Market, Competitive Landscape, and Trends Outlook 2020 | Exclusive Report by Emergen Research
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The increasing demand for empty capsules and rising demand for microbial applications in the development of vaccines are driving the demand for the market
VANCOUVER, BRITISH COLUMBIA, CANADA, July 6, 2022 /EINPresswire.com/ -- Emergen Research has recently published a detailed report on the global Industrial Microbiology market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Industrial Microbiology market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Industrial Microbiology market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
The global Industrial Microbiology Market is forecasted to be worth USD 17.71 Billion by 2027, according to a current analysis by Emergen Research. The global market for Industrial Microbiology is forecasted to expand rapidly in the forecasted timeline. The growth can be attributed to the increasing demand for empty capsules and the rising demand for microbial applications in the development of vaccines. Due to fast accessibility and high growth rate, microorganisms are favored sources for microbial enzymes. Microbial cells can effectively create genetic changes using recombinant DNA technology for accelerated enzyme production and scientific development.
However, it is anticipated that the high costs incurred in the maintenance of the aseptic process and the manufacture of sterile products will impede the development of the global market for industrial microbiology.
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Leading companies profiled in the report are:
3M Company, Danaher Corporation, Thermo Fisher Scientific, Inc., Eppendorf AG, Bio-Rad Laboratories Inc., Becton Dickinson and Company, Merck KGaA, Sartorius AG, Novamed Ltd, and BioMérieux SA, among others.
The comprehensive assessment of value chain of the Industrial Microbiology industry is emphasized in the report to help business owners, stakeholder and field marketing personnel get a clear understanding of the key competency of the different activities involved. The market opportunity analysis offered in the market intelligence report measures various intangible factors such as gross margin, profit, demand and supply, distribution channel and spending power of the customers. Importantly, the study classifies the industry into an array of segments based on product type, application and consumer preference.
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
Major Regions Covered in the Industrial Microbiology Market Report:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Some Key Highlights from the Report
In March 2020, Danaher Corporation has completed the acquisition of the Life Sciences subsidiary of General Electric Company. The corporation will be renamed Cytiva as part of Danaher, which will be a separate operating entity within the Life Sciences division of Danaher.
The reaction consumable segment is anticipated to dominate the market with a CAGR of 7.0%, since this category of products extensively used to determine the origin of infections.
During the forecast period, the sterility test is anticipated to hold the largest market. Sterility testing is essential for surgical devices, pharmaceutical products, drugs, skin materials, and other products that tend to be sterile or free from viable microorganisms.
Over the forecasted timeline, the pharmaceutical & biotechnology segment is expected to dominate the market. The most beneficial effect of microbiology on the pharmaceutical industry is the development of antibiotics.
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A SWOT analysis is performed on the leading companies engaged in the Industrial Microbiology market to offer a better understanding of the strengths, opportunities, weaknesses, and threats of the leading companies. It also covers production and consumption rate, the volatility of prices and demands, market share, market size, global position, and market position of each player. The report also analyses key elements such as growth trends, concentration area, business expansion strategies, market reach, and other key features that offer companies insightful data to fortify their position in the Industrial Microbiology industry.
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