Microbiology And Bacterial Culture For Industrial Testing Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The microbiology and bacterial culture for industrial testing market size has grown rapidly in recent years. It will grow from $6.02 billion in 2023 to $6.68 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to demand for personalized medicine, global pandemic preparedness, growing awareness of healthcare-associated infections (HAIS), rising incidence of foodborne illnesses, and emerging markets and industrialization.
The microbiology and bacterial culture for industrial testing market size is expected to see rapid growth in the next few years. It will grow to $10.21 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to increasing incidence of foodborne illnesses, regulatory compliance, globalization of food supply chains, growing pharmaceutical industry, and environmental monitoring and water quality testing. Major trends in the forecast period include technological advancements, increasing investments in research and development (R&D), advanced analytical techniques, automation and robotics, and integration of data analytics.
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Scope Of Microbiology And Bacterial Culture For Industrial Testing MarketThe Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Microbiology And Bacterial Culture For Industrial Testing Market Overview
Market Drivers –
The rising incidences of foodborne disease are expected to propel the growth of the microbiology and bacterial culture for industrial testing market going forward. Foodborne diseases are illnesses caused by consuming contaminated food or beverages contaminated with pathogenic microorganisms, toxins, or chemical substances. The rise in foodborne incidents can be attributed to several factors, including changes in food production, distribution, and consumption patterns, globalization of food supply chains, inadequate food safety measures, antimicrobial resistance, climate change impacts on food production, and increasing consumption of high-risk foods. Microbiology and bacterial culture are integral to industrial testing for foodborne diseases, facilitating the detection and identification of pathogens, ensuring food safety, and preventing outbreaks through rigorous quality control measures. For instance, in February 2024, according to the UK Health Security Agency, a UK-based government body, in 2022, England and Wales reported 167 cases of listeriosis (severe infection caused by eating food contaminated with the bacterium Listeria monocytogenes), compared to 160 cases in 2021. Therefore, the rising incidences of foodborne diseases drive the growth of the microbiology and bacterial culture for industrial testing market.
Market Trends –
Major companies operating in the microbiology and bacterial culture for industrial testing market are focusing on developing advanced products such as dehydrated and prepared culture media to gain a competitive edge in the market. Dehydrated and prepared culture media are formulations used in microbiology for cultivating microorganisms, which require reconstitution with water, while prepared media are ready-to-use formulations that facilitate microbial growth. For instance, in June 2022, Gold Standard Diagnostics Industrial Solutions, a US-based provider of diagnostic test kits, lab consumables, and automation solutions, introduced BACGro Culture Media, a line of culture media products designed to identify pathogenic microorganisms. The BACGro product line includes various advanced dehydrated and liquid media products that adhere to international standards and cater to various reference methods.
The microbiology and bacterial culture for industrial testing market covered in this report is segmented –
1) By Consumable: Media, Reagents, Sera
2) By Application: Food And Water Testing, Bioenergy And Agricultural Research, Other Applications
3) By End User: Industrial Laboratories, Research Laboratories, Food Testing Laboratories, Diagnostic Laboratories, Other End Users
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Regional Insights – North America was the largest region in the microbiology and bacterial culture for industrial testing market in 2023. The regions covered in the microbiology and bacterial culture for industrial testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the microbiology and bacterial culture for industrial testing market are Thermo Fisher Scientific Inc., 3M Company, Danaher Corporation, Merck KGaA, Becton, Dickinson, and Company (BD), Avantor Inc., Agilent Technologies Inc., PerkinElmer Inc., bioMérieux SA, Shimadzu Corporation, IDEXX Laboratories Inc., Bio-Rad Laboratories Inc., Dohler GmbH, Bruker Microbiology & Diagnostics, Eiken Chemical Co. Ltd., BioLegend, Hain Lifescience GmbH, Neogen Corporation, BrightGene, Hardy Diagnostics, LaMotte Company, Himedia Laboratories Pvt. Ltd., Scharlab S.L., Titan Biotech Limited, Serosep Ltd.
Table of Contents 1. Executive Summary2. Microbiology And Bacterial Culture For Industrial Testing Market Report Structure3. Microbiology And Bacterial Culture For Industrial Testing Market Trends And Strategies4. Microbiology And Bacterial Culture For Industrial Testing Market – Macro Economic Scenario5. Microbiology And Bacterial Culture For Industrial Testing Market Size And Growth…..27. Microbiology And Bacterial Culture For Industrial Testing Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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