There has been an increase in the global market for microbial culture due to the rise in antibiotic demand owing to the rise in infectious diseases such as HIV/AIDS, Tuberculosis, and Viral Hepatitis. For instance, as per the CDC, in the United States around 7,100 number are reported Tuberculosis (TB) in 2020 (a rate of 2.2 per 100,000 persons) which increased to around 7,800 number is reported TB cases in 2021 (a rate of 2.4 per 100,000 persons). This increase in infections and diseases has created the need to identify the organisms that cause them, as well as ongoing research and development within the healthcare sector are some of the factors expected to drive the growth of the market.
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According to UnivDatos Market Insights (UMI)’ research report “Microbial Culture Market.”, the market is expected to witness a CAGR growth of around 6% during the forecast period 2021-2027F. This can be mainly attributed to rapid growth in various end-user industries and wide applications of microbial culture. E.g., In the food and dairy industry, microbial cultures are used to ferment cheese, yogurt, and curd.
Based on Media Type, the Microbiology Culture Market is segmented into simple media, complex media, synthetic media, and special media. In 2020, the complex media category dominated the global microbiology culture market. In 2020, the complex media segment captured a considerable share of the market, and this dominance should continue throughout the forecast period. This media is made up of partially digested yeast, beef, soy, and other proteins, although the quantity and composition of these proteins are unknown. The complex media, in contrast to defined media, which grow picky bacteria well can be viewed as a crowd-pleaser, which in turn is driving the growth of this segment.
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Based on Application, the market is segmented into bioenergy & agricultural research, food & dairy industry, cosmetic industry, biopharmaceutical industry, and others. During the forecast period, the pharmaceuticals category is expected to witness robust growth mainly due to the rise in demands for medicine and pharma products due to the increase in viruses like common flue, coronavirus, and bacteria in the surroundings. As per the increase in population, new diseases are acknowledged, which helps the pharmaceutical company to develop new drugs and vaccines. Microbiology cultures are the key factor in experimenting with new diseases.
Asia-Pacific is expected to witness the highest growth
Based on regions, the report provides a detailed analysis of the overall demand for microbiology culture market for major regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific); and Rest of World. A growing aging population coupled with the presence of major pharmaceutical companies in the region would increase the development of drugs in countries such as India, China, and other developing Asian countries.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Microbiology Culture Market are Becton, Dickinson and Company, EMD (Merck) Millipores, Neogen corporation, Sigma- Aldrich Co. LLC, Scharlab S.L, Bio-Rad Laboratories Pvt. Ltd, Thermo Fisher Scientific Inc, Eiken Chemical co. ltd., bioMérieux, Hi-Media Laboratories Pvt. Ltd. These companies are investing heavily in the microbial culture market to help research organizations in their studies.
“Microbiology Culture Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Media Type (Simple Media, Complex Media, Synthetic Media, and Special Media)
2. By Culture media (Bacterial culture and Eukaryotic culture)
3. By Application (Bioenergy & Agricultural Research, Food & Dairy Industry, Cosmetic Industry, Biopharmaceutical Industry, and Others.)
4. By Region (North America, Europe, Asia-Pacific, Rest of World)
5. By Company (Becton, Dickinson and Company, EMD (Merck) Millipores, Neogen corporation, Sigma- Aldrich Co. LLC, Scharlab S.L, Bio-Rad Laboratories Pvt. Ltd, Thermo Fisher Scientific Inc, Eiken Chemical co. ltd., bioMérieux, Hi-Media Laboratories Pvt. Ltd.)
Key questions answered in the study:
1. What are the current and future trends of the Microbiology Culture Market industry?
2. How the industry has been evolving in terms of media type, culture media, and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Microbiology Culture Market industry?
5. What is the customer orientation, purchase behavior, and expectations from the Microbiology Culture Market product suppliers across various countries?
Table of Content –
1. MARKET INTRODUCTION
2. RESEARCH METHODOLOGY OR ASSUMPTION
3. MARKET SYNOPSIS
4. EXECUTIVE SUMMARY
5. MICROBIOLOGY CULTURE MARKET COVID-19 IMPACT
6. MICROBIOLOGY CULTURE MARKET REVENUE (USD BN), 2019-2027F
7. MARKET INSIGHTS BY MEDIA TYPE
8. MARKET INSIGHTS BY CULTURE TYPE
9. MARKET INSIGHTS BY APPLICATION
10. MARKET INSIGHTS BY REGION
11. MICROBIOLOGY CULTURE MARKET DYNAMICS
12. MICROBIOLOGY CULTURE MARKET OPPORTUNITIES
13. MICROBIOLOGY CULTURE MARKET TRENDS
14. LEGAL & REGULATORY FRAMEWORK
15. DEMAND AND SUPPLY SIDE ANALYSIS
16. VALUE CHAIN ANALYSIS
17. COMPETITIVE SCENARIO
18. COMPANY PROFILED
19. DISCLAIMER
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