According to a new market report published by Lucintel, the future of the industrial microbiology market looks promising with opportunities in various end users, such as biopharmaceuticals, commercial quality assurance, research institutions, industrial, and regulatory bodies. The global industrial microbiology market is expected to grow with a CAGR of 7% from 2020 to 2025. The major drivers for this market are increasing demand for empty capsules and increasing research and development of drugs.
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Industrial microbiology applies microbial science concepts to create industrial products in large quantities by using microbial cell factories in most of the cases. In this market, equipment and systems, reaction consumables, and laboratory supplies are the major products. Lucintel forecasts that reaction consumables will remain the largest product segment over the forecast period due to increasing usage of reagents and media for conducting research activities.
Within this market, the pharmaceutical biotechnology industry will remain the largest application segment over the forecast period due to increasing innovation in drugs and rising approval of drugs.
North America will remain the largest region over the forecast period due to the presence of a large number of industries, favorable reimbursment scenario, and increasing investment by federal governments in the region.
Emerging trends, which have a direct impact on the dynamics of the industry, include innovation in process of testing, such as rapid microbiology testing. Thermo Fisher Scientific, Bio-Rad Laboratories, Becton, Dickinson and Company, Asiagel Corporation, Eppendorf, bioMérieux, Novamed., QIAGEN, Sartorius, and 3M are among the major suppliers in the global industrial microbiology market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global industrial microbiology market by product, testing type, application, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Industrial Microbiology Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global industrial microbiology market by product, testing type, application, end user, and region as follows:
By Product [Value ($ Million) shipment analysis for 2014 – 2025]:
Equipment and Systems
Reaction Consumables
Laboratory Supplies
By Testing Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Sterility Testing
Microbial Limits Testing
Bio-Burden Testing
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food and Beverage Industry
Pharmaceutical Biotechnology Industry
Agricultural Industry
Environmental Industry
Cosmetic Industry or Personal Care Industry
Other Applications
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
Biopharmaceutical
Commercial Quality Assurance
Research Institution
Industrial
Regulatory Bodies
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
German
France
This more than 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.