The Global Industrial Microbiology Market is projected to grow at a CAGR of 6.8% in the forecast period of 2022-27, reveals MarkNtel Advisors in their recent research report. The market is driven rigorously by its rapid expansion across end-users like the pharmaceutical industry, the food & beverages sector, cosmetics, agriculture, construction, and others. Among these, the pharmaceutical industry holds the largest market share.
Pharmaceutical companies are heavily dependent on microbiology. Antibiotics have been major contributors in microbiology to pharmaceutical companies since all antibiotics are the products of microbial metabolism. The increasing research & development (R&D) has also boosted the microbiology market. Vaccines are required in large quantities due to the accelerating population and increasing number of diseases, which have boosted the demand for drug manufacturing. Countries like the US, Canada, India, & China, the leading pharmaceutical markets worldwide, significantly demand pharmaceutical products. Of them all, China is one of the world’s top producers & exporters of pharmaceutical products owing to increased R&D investments, technological advancements, and the growing prevalence of chronic diseases.
Furthermore, the demand for microbial consumables & reagents is projected to grow considerably due to the increasing production & sales of fermented & packaged foods, fertilizers & pesticides in agriculture, etc. Hence, these factors are expected to drive the Global Industrial Microbiology Market during 2022-27, states the research report, “Global Industrial Microbiology Market Analysis, 2022.”
Equipment & Systems and Consumables to Continue their Prevalence in the Global Industrial Microbiology Market throughout 2027
Industrial microbiology involves filtration systems, microbial detectors, air monitoring systems, sterilization, etc., for preparing microbial products. With the increasing need for desired R&D results, new techniques are being introduced worldwide. Recently, an automated microbial detection system has got developed to speed up the detection of unwanted bacteria, yeast, or viruses present in products.
The global market of these types of equipment is likely to boost significantly over the forecast years owing to the surging need for testing services, increased demand for vaccines in the healthcare sector & ensuring safety in fermented foods & beverages, advancements in agriculture, and increased construction activities.
North America Rules the Industrial Microbiology Market through 2027
Geographically, of all regions, North America acquired the largest share in the Industrial Microbiology Market in recent years, mainly due to the rapidly expanding manufacturing industries, healthcare systems, & laboratories. The US is the leading player in the North American Market. Users of microbial products have been consistently expanding their markets to boost the revenue of the microbial industry. The demand from end-users has been significantly growing due to an upsurge in the R&D in drugs, manufacturing vaccines, increased demand for food & beverages, expanding demands from agriculture and other sectors. In the pharmaceutical sector, there has been a huge need for R&D associated with Covid-19 vaccines.
In addition, the demand for packaged & fermented foods is increasing due to changing lifestyles of consumers, who have been busy with their daily schedules and focus on the safety of food products has also increased. There has been a significant rise in the middle-class population that has surged the demand for food a beverages. Hence, the growing demand from end users of the industrial microbiology market is propelling the regional market growth, reveals MarkNtel Advisors in their research report, "Global Industrial Microbiology Market Analysis, 2022."
Leading Companies in the Market
According to MarkNtel Advisors, the leading players in the Global Industrial Microbiology Market are Thermo Fisher Scientific Inc., SSI Diagnostica, Sartorius AG, Novamed Ltd., Eppendorf AG, Becton Dickinson & Company, Bio-Rad Laboratories Inc., Sigma Aldrich, Biomerieux Industry, 3M, Asiagel Corporation, and others.
Key Questions Answered in the Study