- Equipment And Systems
- Consumables
- Reagents
Industrial Microbiology Market size was valued at USD 12,943.7 million in 2022 and is expected to grow at a CAGR of 5.9% from 2023 to 2029. The increasing need for microbiological testing and quality assurance in various industries like food & Beverages, Pharmaceutical & biotechnological, agriculture microbials, and cosmetic industries are expected to drive the growth of industrial microbiology market over the forecasted period. In addition, the rising investment in the research and development by the key market players for the advancement in the field of industrial microbiology is expected to lead by the growth of applied microbiology. The rising drug imports and exports has compelled the drug manufacturers to follow pharmacopeia to comply with regulatory authorities of other countries. As the sterility testing is an important part in the pharmacopeia, the increase in drug import and export is expected to increase the demand for sterility testing in the industries. However, the rising focus on quality standards of product, entrance of new player in the market and strict rules and regulations imposed by the government to ensure the integrity and quality control of the products are expected to hinder the growth of industrial microbiology market over the forecasted period. However, the fermented food market and nutraceuticals market is gaining traction in the market across the globe and has a significant role in food security. Which increases the demand for need for advanced testing to maintain the integrity and quality of the product. Thus, this is expected to provide an opportunity to the market key players in the growth of industrial microbiology market over the forecasted period. Geographically, North America region held the major market share in 2022 and is expected to dominate the global industrial microbiology market in the forecasted years.
Industrial Microbiology Market Key Developments:
In April 2022, Hygiena launched their ultra rapid, microbial screening kit, rapiscreen beverage kit, which provides high performance testing for beverages with low pH.
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Industrial microbiology market is expected to grow over the forecast period due to the rising development and launch of vaccines, antibiotics, and vitamins. In addition, increasing investments in research and developments for advancement in microbiology and advancement of technologies by major pharmaceutical industries is expected to boost the market growth over the forecasted period. Whereas entrance of new player in the market and strict rules and regulations imposed by the government to ensure the integrity and quality control of the products, and rising focus on quality standards of product are expected to hinder the growth of industrial microbiology market over the forecasted period.
Industrial Microbiology market was valued at USD 12,943.7 million in 2022 and is expected to grow at a 5.9% CAGR from 2023 to 2029
North America region is expected to dominate the industrial microbiology market over the forecasted years.
The leading players in the global Industrial Microbiology market are BioMerieux SA, Bio-Rad Laboratories, Thermo Fisher Scientific Inc, Becton Dickinson and Company, Qiagen NV, Danaher Corporation, Eppendorf AG, Merck KGaA, Sartorius AG, Asiagel Corporation, 3M Company.
The growing nutraceutical and fermented food industries across the globe is expected to provide opportunity to the market key players over the forecasted period.