Global Industrial Microbiology Market, 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, and Others), Laboratory Supply (Bags & Bottles, Loop & Needles, Petrifies, Racks, Seals, Plates & Holders, Sample preparation & Collection, Filtration Discs and Membranes, and Others)), By Test Type (Sterility Testing, Microbial Limit Testing, Bio-Burden Testing, Water & Environmental Testing, and Others), By End User (Pharmaceuticals & Biotechnology Industry, Government, Academia, Food and Beverage Industry, Testing Labs/Commercial Labs, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 15.05 Bn in 2023, and is expected to exhibit a compound annual growth rate (CAGR) of 6.2% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Market players are engaged in increasing product launches, and this is expected to drive the global industrial microbiology market growth. For instance, in August 2021, the Baker Company, Inc., a global company in biosafety and contamination control technology, launched ReCO2ver, a unique new "rapid recovery" cell culture incubator that will provide even more value to its customers' microbiology, cell culture, and biological safety. This innovative "Rapid Recovery Incubator" intended for scientific applications that needs precise control of cell culture conditions, contamination prevention, and maximal cell protection.
Global Industrial Microbiology Market - Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China), in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others, faced problems regarding the transportation of raw materials and manufacturing supplies from one place to another.
Global Industrial Microbiology Market: Key Developments
In September 2023, Eurofins, a global testing company, announced the latest addition to the network of laboratories: a cutting-edge microbiology laboratory in Columbia, Missouri, U.S. The facility is set to revolutionize the field of microbiological testing, catering to the diverse needs of the food, feed, and ingredient industries, as well as providing essential environmental monitoring services.
In July 2020, Neogen Corporation, a food and animal safety company, announced the launch of an improved test system that identifies microorganisms automatically in a quarter of the time required by existing testing methods. The new soleris next generation (NG) from Neogen can identify a wide range of bacteria that might jeopardzse the safety and quality of food and other consumer items.
In February 2020, the UN Environment Program (UNEP), in collaboration with UN-Habitat and IQAir, a Sweden based air quality technology company, launched the world's largest air quality data platform, thus bringing together real-time air pollution data from over 4,000 contributors, including citizens, communities, governments, and the private sector, to work towards healthier, more sustainable cities.
Browse 26 Market Data Tables and 29 Figures spread through 150 Pages and in-depth TOC on “Global Industrial Microbiology Market”- Forecast to 2030, Global Industrial Microbiology Market, 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, and Others), Laboratory Supply (Bags & Bottles, Loop & Needles, Petrifies, Racks, Seals, Plates & Holders, Sample preparation & Collection, Filtration Discs and Membranes, and Othe's)), By Test Type (Sterility Testing, Microbial Limit Testing, Bio-Burden Testing, Water & Environmental Testing, and Others), By End User (Pharmaceuticals & Biotechnology Industry, Government, Academia, Food and Beverage Industry, Testing Labs/Commercial Labs, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
Link: https://www.coherentmarketinsights.com/market-insight/industrial-microbiology-market-981
Key Takeaways of the Global Industrial Microbiology Market:
- Global industrial microbiology market is expected to exhibit a CAGR of 6.2% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the global industrial microbiology market.
- Among test type segment, the sterility testing segment is expected to hold a dominant position in the global industrial microbiology market over the forecast period. This is due to increasing product launches by key market players. For instance, in June 2022, STEMart, a provider of integrated medical device Contract Research Organisation (CRO) services dedicated to medical device and diagnostic clinical development, launched comprehensive microbiology and sterility testing for sterile and non-pyrogenic products. STEMart has extensive expertise in microbiology as well as sterility testing and remains dedicated to a full-service experience that supports manufacturers in meeting regulatory goals and minimizing compliance risk.
- Among regions, North America is expected to be the dominant region in the global industrial microbiology market due to increasing initiatives. For instance, in November 2022, the U.S. Environmental Protection Agency (EPA) announced that 132 air monitoring projects in 37 states will receive US$53.4 million from President Mr. Joe Biden’s Inflation Reduction Act and American Rescue Plan to enhance air quality monitoring in communities across the U.S.. The projects are focused on communities that are underserved, historically marginalized, and overburdened by pollution, supporting President Mr. Joe Biden’s Justice40 Initiative.
- The major players operating in the global industrial microbiology market are Merck KgaA, Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Asiagel Corporation, Eppendorf AG, BioMérieux SA, Danaher Corporation, Qiagen N.V., Sartorius AG and 3M
