Industrial Microbiology Market to Record CAGR of 7.1% Rise in Growth by 2024
VALLEY COTTAGE, N.Y. – The global industrial microbiology market is expected to witness rapid growth in terms of revenue over the forecast period. Rising application of industrial microbiology in the pharmaceutical industry for production of antibiotics is expected to fuel the growth of the global industrial microbiology market. Continuous research in the pharmaceutical industry for novel drug development using selective toxicity is a major factor expected to increase the adoption of industrial microbiology for more detailed research on essential microorganisms. Despite the threat of rising anti-microbial drug resistance, especially in developing countries, the consumption of prescription antibiotics is expected to increase the adoption of industrial microbiology among generic drug makers.
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Global Industrial Microbiology Market: Overview and Analysis
The industrial microbiology market comprises equipment and systems. The equipment in industrial microbiology market are filtration pumps & systems, microbial detection systems, air monitoring systems, incubators & culture apparatus, and others. Others include autoclave, auto-destruct-syringes, centrifugal machine, thermal cycler, vacuum pump, etc. These industrial microbiology equipment are used in series of microbiological tests, where they play a vital role as they provide the ease in the testing procedure. In industrial microbiology test types, microbial tests are carried out to study the total viable count of the specific organism present in a solution. This finds large application in manufacturing of biopharmaceuticals especially among contract manufacturers. Other industrial microbiology test type, i.e., sterility test, can be carried out on either final product or for validation of the product. It is usually performed in laboratories as part of quality control in order to eliminate the presence of microorganism and make it microbe free.
Preview Analysis of Industrial Microbiology Market – Shifting consumer preference towards functional food products to fuel the growth – Global Industry Analysis and Opportunity Assessment, 2016-2024 – https://www.futuremarketinsights.com/reports/industrial-microbiology-market
As noted by a leading primary respondent – “all industrial microbiology tests have different roles and they cannot be rated on essentiality. Sterility test type in industrial microbiology plays a vital role in the food and beverage and pharmaceutical industries for quality check of products; it is majorly done by production and manufacturing companies. Bio-burden, water and environment tests are carried on large scale in the pharmaceutical and agriculture industries. Industrial microbiology applications such as bio-burden tests are also performed for aerobic or anaerobic organism testing. The most common industrial microbiology test is aerobic bio-burden testing.” Industrial microbiology-based products depend on product release cycles and incubation time period of the microorganisms. With longer time taken for incubation and product release, followed by other processes, players in the industrial microbiology market suffer from low labor input, high first time rates, and low efficiencies in releasing products. High production costs, slow technological developments related to incubation, long product release periods and low cost of products are the major challenges for the players operating in the industrial microbiology market.
Strategic partnerships across the healthcare value chain is expected to fuel the growth of the industrial microbiology market. Life sciences and healthcare sectors are undergoing a wave of consolidation including the players in the industrial microbiology market. The healthcare providers are merging to form bigger health facilities, which is expected to increase the application of industrial microbiology.
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The importance of industrial microbiology can be validated by the large test volume per annum, and is expected to increase at an attractive rate in the near future. The utility of industrial microbiology in various sectors such as food & beverages, pharmaceuticals, agriculture and environmental testing underpins the rapid and obvious growth over the forecast period 2016–2024. Respondents in the industrial microbiology market noted that bioMérieux accounts a large share in the industrial microbiology market owing to their large product portfolio, which covers all the segments – equipment and systems, reaction consumables and test types. bioMérieux itself noted that in 2017, about 60% of sales revenue was generated from clinical and industrial microbiology, in which bioMérieux is the world leader.
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