The increasing demand for empty capsules and rising demand for microbial applications in the development of vaccines are driving the demand for the market.
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 of this market can be attributed to the increasing prevalence of cardiovascular diseases among the aging population. Increase in Industrial Microbiology products and the rise in research activities are driving the market revenue growth. Moreover, legalization of the product in several countries is also propelling growth of the market.
The Global Industrial Microbiology Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2020-2027. The report studies the historical data of the Industrial Microbiology market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Industrial Microbiology industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Industrial Microbiology market.
Market Size – USD 10.80 billion in 2019, Market Growth – CAGR of 6.8 %, Market Trends – The rise in the new enzymes’ development.
The global Industrial Microbiology market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Industrial Microbiology market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Global Europe Industrial Microbiology market competition by TOP MANUFACTURERS, with production, price, and revenue (value) and market share for each manufacturer; the top players including:
- Key participants 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, and BioMérieux SA, among others.
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
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Food & Beverages
- Pharmaceuticals & Biotechnology
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Key Objectives of the Report:
- Analysis and estimation of the Industrial Microbiology market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Industrial Microbiology market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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