Microbiology Culture Market will ExpandRapidly to Surpass US$7.59 bn by 2023

Albany, NY, Jan. 12, 2016 — Transparency Market Research has published a new market report titled “Microbiology Culture Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023”, the global microbiology culture market was valued at US$4.51 bn in 2014 and is anticipated to reach US$7.59 bn by 2023, expanding at a CAGR of 5.9% during the forecast period from 2015 to 2023.

Microbial cultures play a major role as key tools in biological, medical, or biotechnology research. Pharmaceutical microbiology has witnessed major developments in the last decade. The number of tests have increased significantly along with major modifications in terms of testing procedures. With improved GMP facilities being set up globally, microbiological testing of a product, environment, and equipment has become obligatory. Therefore, usage of microbiology consumables, such as culture media, has increased. This has opened new avenues for the microbiology culture market. Switching consumables supplier becomes difficult for established market players due to the need of validated products and procedures for testing.

The market has grown significantly in the last few decades in terms of demand in various end-user industries. Academia, clinical research organizations, and commercial end-user industries such as pharmaceutical, cosmetics, and food and beverage are providing impetus to the global microbiology culture market. The increasing potential of bioprocessing and biopharmaceutical applications has driven demand for microbiology culture media products.

Key factors driving the global microbiology culture market are high demand for improved antibiotics, increasing food microbiology, rising life science research funding, and high prevalence of foodborne and other infectious diseases. Moreover, the microbiology culture market is witnessing strong growth due to rising food safety concerns, increasing number of food recalls, evolving pathogens, growing press coverage and public awareness, and increasing demand in other industries. Additionally, the industry is expected to expand at a rapid rate due to increased food sourcing due to rise in global food demand and supply. This, in turn, would require advanced culture methods and media for fast and accurate microbial analysis. Microbiology culture methods are the principal diagnostic methods used to determine the cause of infectious diseases by culturing the pathogen in a preset medium.

Major key players profiled in the 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
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Rest of the World (RoW)

Other Reports by Transparency Market Research:

E.coli Testing Market: http://www.transparencymarketresearch.com/e-coli-testing-market.html

Agricultural Biotechnology Market:

http://www.transparencymarketresearch.com/agricultural-biotechnology-market.html

Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.