Industrial Microbiology Market Opportunities, Business Forecast To 2029

The global 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% during the forecast period 2023 to 2029. The primary drivers of the expansion of the global industrial microbiology market include the development and launches of vaccines, antibiotics, and vitamins across the globe. 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.

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The pharmaceutical and Biotechnology Industry Segment is expected to Dominate the Industrial Microbiology Market:
Based on the applications, the global Industrial Microbiology market is segmented into Food and Beverage Industry, Pharmaceutical & Biotechnology Industry, Agriculture Industry, Environmental Industry, Cosmetic or Personal Care Industry, and Others.

The pharmaceutical & biotechnology industry segment is expected to account for a larger revenue share in the global industrial microbiology market:
The increase in research and development activities and launches of vaccines, antibiotics, vitamins, and lifesaving drugs is expected to drive the growth of industrial microbiology market in this segment over the forecasted period.
The increasing demand for pharmaceutical industry across the globe eventually expected to drive the demand for sterility testing and thus drive the growth of industrial microbiology market in this segment.

North America Industrial Microbiology Market:
The North America industrial microbiology market is expected to increase over the forecast period due to the increase in investment by food industry, pharmaceutical & biotechnology industry in the development of new products, along with the increasing demand for the fermented food and nutraceuticals in this region. The US is expected to have a major market share in the North America region owing to the presence of pharmaceutical and food industries. And launch of new products along with the expansion of testing facilities in this region. Asia Pacific region is expected to have a significant growth over the forecasted period owing to growing medical tourism in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Industrial Microbiology market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, 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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The Industrial Microbiology market is segmented based on product type, application, test type, and geography.

Based on the product type, the market is segmented into the following:
• Equipment And Systems
• Consumables
• Reagents
Based on the application, the market is segmented into the following:
• Food And Beverage Industry
• Pharmaceutical & Biotechnology Industry
• Agriculture Industry
• Environmental Industry
• Cosmetic Or Personal Care Industry
• Others
Based on the test type, the market is segmented into the following:
• Sterility Testing
• Microbial limit Testing
• Bio Burden Testing
• Water & Environmental Testing
Others
Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Key players profiles in the industrial microbiology market report 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.

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This release was published on openPR.