Culture Media Market
Culture Media Market: (Media Type – Dehydrated Culture Media, Prepared Culture Media, and Chromogenic Culture Media; End User - Hospitals, Diagnostic Centers and Academic, and Research Institutes) - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017 - 2025
Press Release :
Global Culture Media Market: Snapshot
The increasing prevalence of chronic diseases and the rising demand for an indication-specific line of treatment is the primary force driving the culture media market. Research and development pursuits for newer pharmaceutical products for applications in disease diagnosis is further fuelling the growth of this market.
Rising geriatric population and high prevalence of infectious diseases are some other factors fuelling the culture media market. Apart from this, culture media is used in food analysis, environmental analysis, industrial applications, and molecular biology.
Culture media is used in microbiological laboratories to grow and control microbes. It is composed of different nutrients that are essential for microbial growth. Culture media are of several types differing in their nutrient composition and their function in the growth of microorganisms.
However, factors such as high cost associated with the preparation of different types of media culture and stringent process controls for culture media that require advanced manufacturing capabilities and capacities are challenging the market’s growth.
The global culture media market is projected to be worth US$10.1 bn by 2025 increasing from US$5.2 bn in 2016 at a CAGR of 7.7% between 2017 and 2025.
Hospitals Continue to Stay Most Attractive End-use Segment
By media type, dehydrated culture media stood as the most attractive segment in 2016 and is expected to maintain its dominance until the end of the forecast period in 2025. The dominance of dehydrated culture media segment is due to its benefits and its extensive use in academic and research institutes.
Prepared culture media stood as the second-leading media type segment in the culture media market. Prepared culture media is ready for immediate use for the isolation of microorganisms.
Among the end users, hospitals, academic and research institute, and diagnostic centers are the segments into which the culture media market is divided. The hospital segment dominated accounting for 43.5% of the global culture media market in 2016. The share of hospitals segment is expected to reach 44.1% by 2025 owing to the increasing emphasis on full-fledged hospital care system across the world.
North America Culture Media Market to Witness Considerable Increase in Market Share
On the basis of geography, North America is the leading contributor to the growth of global culture media market. The share of the region in the overall market is expected to increase from 39.3% to 43% between 2016 and 2025. The increasing advancement in medical technology and a corresponding increase in the application of culture media are boosting the growth of this regional market. In this region, the U.S. leads the culture media market with its share expected to increase from 94.9% to 96.7% between 2016 and 2025.
Europe is the second-leading regional segment in the culture media market and is expected to retain its position over the forecast period. Consistent economic growth in the region leading to improvement of healthcare facilities has attracted top players to invest in research and development for disease diagnosis.
Asia Pacific also contributes significantly to the global culture media market. The domestic markets of China and India are predominantly steering the growth of this regional market. Increasing research pursuits for disease diagnosis and mergers and collaborations between domestic and global players are boosting the growth of the China market for culture media.
Key players operating in the culture media market include ThermoFisher Scientific Inc., Bio-Rad Laboratories Inc., Becton, Dickinson and Company, EIKEN CHEMICAL Co. Ltd., Scharlab S.L., Merck KGaA (Merck Millipore), bioMérieux SA, HiMedia Laboratories Pvt Ltd., and Neogen Corporation among others.
Global Culture Media Market: Overview
The research is a combination of primary and secondary research, conducted for understanding and arriving at trends, used to forecast the expected revenue of the culture media market in the near future. Primary research formed the bulk of our research efforts with information collected from in-depth interviews and discussions with a number of key industry experts and opinion leaders. Secondary research involved study of company websites, annual reports, press releases, investor presentations, analyst presentation and various international and national databases.
The report provides estimated market size in terms of US$ Mn for each by media type, end user, and geography for the period 2015 to 2025, considering the macro and micro environmental factors. The revenue generated from each product was calculated by considering number of products used in the procedures and their market demand as per their use, prevalence rate of infectious disease, annual revenue generated by products of each sub segment, trends in industry, end user trend, and adoption rate across all the geographies.
The market report comprises an elaborated executive summary, which includes market snapshot that provides information about various segments of the market. It also provides information and data analysis of the market with respect to market segments based on media type, end-user, and geography. The market overview section of the report analyzes market dynamics such as drivers, restraints and opportunities that influences the culture media market in the current and future scenario.
Market share analysis among the market players is analyzed to signify the contribution of these players in the market in terms of percentage share. All these factors will help the market players to decide about the business strategies and plans to strengthen their positions in the global market. Based on geography, the market has been analyzed for major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The study also covers detailed country analysis contributing majorly in the culture media market.
Global Culture Media Market: Market Segmentation
The global culture media market is segmented by media type, end users and geography. Culture media are used in the diagnosis of diseases caused by microorganisms through isolation procedure. Culture media can be solid or semi – solid depending the microorganism’s species. Culture media contain all the components required for the growth and maintenance of bacteria in the laboratory environment. By media type the global culture media market is further segmented into dehydrated culture media, prepared culture media and chromogenic culture media. By end users the market is segmented into hospitals, diagnostic centers and academic and research institute. In terms of geography the global culture media market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Global Culture Media Market: Competitive Landscape
The report also profiles the major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players operating in the culture media market are Thermo Fisher Scientific, Inc., Merck KGaA (Merck Millipore), Bio-Rad Laboratories, Inc., bioMérieux SA, Becton, Dickinson and Company, HiMedia Laboratories Pvt. Ltd., EIKEN CHEMICAL CO., LTD., NEOGEN CORPORATION, Scharlab, S.L. and others.
The culture media market has been segmented as follows:
by Media Type
by End Users