Industrial Microbiology Market Estimated to Exceed US$ 20,227.1 Million by 2027 | CAGR: 8.4%: Coherent Market Insights
Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Filtration pumps & systems, microbial detection systems, air monitoring systems, and incubators & culture apparatuses are some of the devices and systems used in identification and detection of microorganism, quality control testing, and monitoring presence of viable microorganism. Different forms of media (simple, complex, defined, and specialty), reagents, and stains are used for detection of consumables.
Statistics:
The global industrial microbiology market is estimated to account for US$ 10,816.6 Mn in terms of value in 2018 and is expected to reach US$ 20,227.1 Mn by the end of 2027.
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Global Industrial Microbiology Market: Drivers
Increasing adoption of bioremediation is expected to boost growth of the global industrial microbiology market over the forecast period. For instance, in January 2020, Hyderabad Metropolitan Development Authority (HMDA) announced its plans to resume bioremediation at Hussain Sagar, a lake in Hyderabad, India.
Global Industrial Microbiology Market: Opportunities
Increasing use microbiologic excipients such as pharmaceutical excipients is expected to offer lucrative growth opportunities for players in the market. Microbiologic excipients such as anionic polysaccharide, commonly known as alginates, is used as disintegrating agent in tablets and thickening and stabilizing agent in pharmaceutical suspensions and emulsions.
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Global Industrial Microbiology Market: Restraints
Although there are several types of natural pigments from various microbial sources, the commercial development of natural pigments as food colorants is challenging. This is attributed to regulatory hurdles for the development of any new compounds for food use. This in turn is expected to hinder growth of the market.
Key Takeaways:
Equipment and systems segment in the global industrial microbiology market was valued at US$ 2,834.6 Mn in 2018 and is expected to reach US$ 5,893.4 Mn by 2027 at a CAGR of 8.4% during the forecast period. Manufacturers such as Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, and other offer industrial microbiology equipment and systems in the market. These manufacturers have wide spread presence across the globe to cater to pharmaceutical, biotechnology, and other industries which fuels growth of the market. Moreover, presence of variety of products is expected to support growth of the segment over the forecast period.
The sterility testing segment held dominant position in the global industrial microbiology market in 2018, accounting for 33.6% share in terms of value, followed by microbial limit testing and bio-burden testing, respectively. Quality control in pharmaceutical and food industry is of paramount importance, as healthcare is directly associated with the products from these industries. Microbial contamination in injectable, eye drops, drugs, nasal solutions, and food industries can be prevented with the help of micro-organisms by using various tests such as sterility testing. According to the World Health Organization (WHO), unsafe food contaminated with harmful bacteria, parasites, and viruses can cause more than 200 diseases from diarrhea to cancers. Furthermore, food contamination has cost around 33 Mn of healthy life years according to the WHO. This is expected to propel use of sterility testing in pharmaceuticals which is expected to support growth of the segment.
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The pharmaceutical and biotechnology segment held dominant position in the global industrial microbiology market in 2018, accounting for 50.8% share in terms of value, followed by food and beverages, and personal care products, respectively. Advances in fields of Recombinant DNA technology, use of microorganisms in treating diseases, rising prevalence of various bacterial, and viral infections globally is expected to boost the growth of industrial microbiology market with respect to pharmaceutical, and biotechnology industry. Use of microorganisms in manufacturing various improvised vaccines for existing as well new infectious diseases is supporting the segment growth.
Market Trends
Genetically modified organisms are the basic tools of preparing genetically modified plants and fruits. The adoption of genetically modified organisms is high, owing to growing population and resultant demand for food.
Marketplace discussions indicate that sterility testing for combination products pose unique challenges. These combination products involve a drug-related component and a medical device. In the U.S., sterility testing must be performed as per the U.S. Pharmacopeia for all aseptic products.
Global Industrial Microbiology Market: Competitive Landscape
Major players operating in the global industrial microbiology market include, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Asiagel Corporation, Eppendorf AG, bioMérieux SA, Novamed, QIAGEN, Sartorius AG, 3M, Merck KGaA, and Danaher Corporation.
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Global Industrial Microbiology Market: Key Developments
August 2019: IsoPlexis, a life sciences company, installed its innovative IsoLight single cell cytokine detection system at the Karolinska Institute in Sweden.
March 2019: Promega Corporation launched Water-Glo System that uses bioluminescent technology to measure adenosine triphosphate of all living cells that degrades rapidly when a cell dies. It can be used monitor microbial contamination in freshwater, process water, seawater or wastewater samples.
Segmentation
- By Product Type
- Equipment & Systems
- Filtration Pumps & Systems
- Microbial Detection Systems
- Air Monitoring Systems
- Incubators & Culture apparatus
- Others
- Reaction Consumables
- Medial
- Simple Medial
- Complex Media
- Defined Media
- Specialty Media
- Reagents & Stains
- Others
- Medial
- Laboratory Supply
- Bags & Bottles
- Loop & Needles
- Petrifies, Racks, Seals, Plates & Holders
- Sample preparation & Collection
- Filtration Discs and Membranes
- Other’s
- By Test Type
- Sterility Testing
- Microbial Limit Testing
- Bio-Burden Testing
- Water & Environmental Testing
- Others
- By End-User
- Pharmaceuticals & Biotechnology
- Food & Beverages
- Personal care Products
- Agriculture & Environment
- Others
- By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Equipment & Systems
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