Microbiology Culture Market
Microbiology Culture Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023
Press Release :
The soaring demand for antibiotics, on account of the alarming rise in the prevalence of various infections and food-borne diseases, has provided a significant thrust to microbiology culture practices across the world over the last few years. According to the Centers for Disease Control and Prevention (CDC), in the U.S. alone, a total of 23.6 million cases of infectious and parasitic diseases were reported in 2010. Since microbiology culture is an efficient diagnosis method to detect the cause of a number of infectious diseases, its application in the production of antibiotic drugs is witnessing a remarkable rise, worldwide.
The consumption of antibiotics is also experiencing a sturdy growth in the BRICS nation. A 2014 report by Lancet Infectious Diseases Commission stated that the consumption of antibiotic drugs increased globally by 36% from 2000 to 2010, wherein BRICS countries accounted for a share of 76% of this growth. All these factors, together, point towards an opportunity-rich future for the worldwide market for microbiology culture over the coming years.
The global market is projected to witness an increase in its opportunity from US$4.5 bn in 2014 to US$7.5 bn in 2023, expanding at a CAGR of 5.90% during the period from 2015 to 2023. The advent of food microbiology, the rise in concerns over food safety, and the increase in the government funding in life science research are some of the other factors expected to drive the global microbiology culture market in the near future.
North America to Retain Dominance in Terms of Revenue
On the basis of region, the global microbiology culture market is segmented into Asia Pacific, Europe, North America, Latin America, the Middle East, and the Rest of the World. North America emerged as the leading regional market in 2014 with a revenue of US$1.6 bn. The presence of a large pool of biopharmaceutical firms and research institutes played a significant role in driving the market for microbiology culture in North America.
Analysts expect this region to retain its lead over the forecast period. However, Asia Pacific is likely to present the most promising opportunities and register the fastest CAGR of 6.80% from 2015 to 2023. The unmet medical needs of people, coupled with the growing prevalence of infectious diseases, the surge in the healthcare expenditure, the rising focus on food safety, and the increasing demand for antibiotics, are likely to provide an opportunity-rich market for participants in the near future.
Complex Media to Remain Most-preferred Culture Media
Complex media, special media, simple media, and synthetic media are the main culture media utilized in microbial culture. Among these, complex media emerged as the most preferred media for microbiology culture in 2014 and was closely followed by special media. As per estimations, complex media will remain the preferred culture media throughout the forecast period as it caters to a wide range of requirements important for the cultivation of nutritionally complex or kinds of unknown bacteria.
The global market for microbiology culture is led by Sigma-Aldrich Co. LLC, Merck Millipore, Thermo Fisher Scientific Inc., and Becton, Dickinson and Co. In 2014, these four players collectively accounted for a share of more than 50% in the overall market. Some of the other prominent players are BioMérieux SA, Bio-Rad Laboratories, Hi-Media Laboratories Pvt. Ltd., Eiken Chemical Co. Ltd., Scharlab S.L., and Neogen Corp.
This market research report on the global microbiology culture market analyzes the current and future prospects of the market in terms of revenue (USD Million). The stakeholders of this report include companies engaged in the manufacture of microbiology culture media and related products. The report comprises an executive summary with a market snapshot providing the overall information of various market segments included in the scope of this report. This section also provides the overall information and data analysis of the global microbiology culture market with respect to the leading market segments based on type of culture, media, and geographic regions.
The global microbiology culture market has been broadly segmented on the basis of culture type into bacterial culture and eukaryotic culture (yeast, eukaryotic algae, etc.); by type of culture media into simple media, complex media, synthetic media, and special media; and by geographic regions into North America, Europe, Asia Pacific, Latin America, the Middle East, and Rest of the World. Each region is further divided for select countries such as the U.S., Canada, the U.K. Germany, China, India, Brazil, Mexico, Saudi Arabia, and the United Arab Emirates. The recommendations section of the report would assist existing market players in expanding their market share and new companies in establishing their presence in the global microbiology culture market. Market revenue in terms of USD million for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.
The market overview section of the report explores market dynamics such as drivers, restraints, and opportunities that have strong impact on the current microbiology culture market and are likely to influence the market in the future as well. Market attractiveness analysis has been provided in the market overview section to explain the intensity of competition in the market in different geographies. Porter’s Five Forces Analysis is also provided in this section to understand the microbiology culture market considering different parameters that have an impact on the sustainability of the companies operating in the microbiology culture market. The competitive scenario between different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help the market players to take strategic decisions in order to strengthen their positions and expand their market share in the global market.
The report also profiles major players in the microbiology culture market on the basis of various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include Becton, Dickinson and Company, bioMérieux S.A., Bio-Rad Laboratories, Inc., Eiken Chemical Co, Ltd., EMD (Merck) Millipore, Hi-Media Laboratories Pvt. Ltd., Neogen Corporation, Sigma-Aldrich Co. LLC, Scharlab S.L., and Thermo Fisher Scientific, Inc.
The global microbiology culture market is segmented into the following categories:
- Microbiology Culture Market, By Culture Type
- Bacterial Culture
- Eukaryotic Culture
- Microbiology Culture Market, By Media Type
- Simple Media
- Complex Media
- Synthetic Media
- Special Media
- Microbiology Culture Market, By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East
- Saudi Arabia
- Rest of Middle East
- Rest of the World
- North America