The Global Industrial Microbiology Market by Product Type (Equipment & Systems, Reaction Consumables, and Laboratory Supplies), by End User (Pharmaceutical and Biotechnology Industry, Food and Beverages Industry, Cosmetic Industry, Agriculture and Environment, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 8,678.2 million in 2016 and is projected to exhibit a CAGR of 7.2% over the forecast period (2017 – 2025), as highlighted in a new report published by Coherent Market Insights. Wide number of applications, increasing knowledge on the subject matter, growing need to curb industrial contamination, and waste disposal are expected to be the major factors driving the growth of the global Industrial Microbiology market over the forecast period.
Manufacturers are developing test kits and equipment with advanced technology for better results and cost containment. In 2017, Bruker launched S8 Tiger Series system for elemental analysis in industrial, academic research, and materials quality control. Eurofins launched NGS tests for identification of non-targeted microorganism in 2015, which aims to identify microorganisms present in the test sample. Thermo Fischer Scientific, Inc. launched end-to-end NGS genotyping solution for expanded microbial analysis in 2014. Illumina and Bio-Rad Laboratories launched single-cell genomic sequencing to study complex diseases in 2017. Merck launched new high-performance liquid chromatography and capillary GC solutions along with wide range of product for laboratory needs in 2016. Mettler Toledo International launched UV/VIS thermostatting systems and laboratory accessories in 2017. Furthermore, Qiagen and CosmosID launched a metagenomics analysis plugin for various Qiagen platforms such as Genomics Pro Suite and CLC Genomics Workbench.
Browse 30 Market Data Tables and 28 Figures spread through 160 Pages and in-depth TOC on Industrial Microbiology Market by Product Type (Equipments & Systems, Reaction Consumables, and Laboratory Supplies), by End User (Pharmaceutical and Biotechnology Industry, Food and Beverages Industry, Cosmetic Industry, Agriculture and Environment, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) - Global Forecast to 2025
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Manufacturers and government authorities are focused on research and development activities in the field of microbiology. For instance, the American Society for Microbiology launched the Kavli Microbiome Ideas Challenge in collaboration with American Chemical Society (ACS) and American Physical Society (APS). Furthermore, The Kavli Foundation committed US$1 Mn for its challenge to support development of novel scientific tools to investigate life on a microbial scale. American Society for Microbiology (ASM), launched MSYSTEMS open access journal in 2016 to provide access to latest research and findings on single cell and microbial communities. The journal consists of important biological and biochemical findings from large datasets relating to single cell and microbial communities.
Furthermore, key manufacturers are focused on acquisitions of life sciences organizations to expand their market share. For instance, Merck acquired Sigma-Aldrich—a major life sciences company, in 2015. Bio-Rad Laboratories acquired RainDance Technologies Inc. — a company that provides research solutions, in 2017. Moreover, the company acquired gnuBIO and the time and cost-effective DNA Sequencing Technology. Bruker acquired Luxendo—manufacturer of Light Sheet Microscopy that reduces sampling time over conventional laser scanning microscopes for small microorganisms.
Key Takeaways of the Industrial Microbiology Market:
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