Industrial Microbiology Market: Global Industry Analysis and Opportunity Assessment, 2016-2024

LONDON, Dec. 17, 2016 /PRNewswire/ -- Industrial microbiology is the application of microbiology techniques for management and exploitation of microorganisms for production and processing of useful products on a commercial scale. Industrial microbiology has wide applications in the manufacturing of pharmaceuticals, food and beverages, agriculture products, industrial chemicals, environment and others. The growing research in these field for obtaining high quality products is expected to fuel growth of the global industrial microbiology market. Moreover, factors such as increasing awareness among researchers related to new strains of microorganisms capable of producing enhanced quality products which have applications in drug development, food processing and other industries is expected to fuel growth of the global industrial microbiology market.

Future Market Insights offers forecast of the global industrial microbiology market between 2016 and 2026. In terms of value, the market is expected to register a CAGR of 7.1% during the forecast period. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global industrial microbiology market over the forecast period. It includes key trends, drivers, restraints, and opportunities influencing growth of the global industrial microbiology market over forecast period 2016–2026. Impact analysis of key growth drivers and restraints are included in this report to better equip clients with crystal clear decision-making insights.

The global industrial microbiology market is segmented on the basis of:

Product Type
Test Type
End User
Region

On the basis of product type, the market is segmented as follows:

Equipment and Systems
Reaction Consumables
Laboratory Supplies

Reaction consumables product type segment is estimated to account for highest revenue share of 62.2% in 2016, and is expected to register a higher CAGR as compared to other product type segments during forecast period 2016–2026.

On the basis of test type, the market is segmented as follows:

Sterility Testing
Microbial Limit Testing
Bio-Burden Testing
Water and Environment Testing
Others

Sterility test type segment is expected to witness highest growth at a CAGR of 7.6% during the forecast period.

On the basis of end user, the market is segmented as follows:

Pharmaceutical and Biotechnology Companies
Food and Beverage Industry
Personal Care Products
Agriculture and Environment
Others

On the basis of region/country, the market is segmented as follows:

North America
US
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Western Europe
Germany
UK
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific Excluding Japan (APEJ)
China
India
ASEAN
Australia and New Zealand
Rest of APEJ
Japan
Middle East and Africa (MEA)
South Africa
North Africa
GCC Countries
Rest of MEA

North America industrial microbiology market is estimated to account for 27.3% revenue share in 2016, and is expected to dominate the global industrial microbiology market over the forecast period. Europe industrial microbiology market is expected to register a significant CAGR over the forecast period.

Some key market participants included in FMI's global industrial microbiology market include Merck KGaA, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Asiagel Corporation, Eppendorf AG, bioMérieux SA, Novamed., QIAGEN, Sartorius AG, 3M and Danaher Corporation

Key features of this report

Drivers and restraints
Latest product innovations and key developments in the market
Analysis of business strategies of top players
Industrial microbiology market estimates and forecast

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