The global Microbiology Culture accounted for USD 6.45 Billion in 2020 and is expected to reach USD 9.11 Billion by 2028, growing at a CAGR of around 4.3% between 2021 and 2028.
Microbiology Culture Market
The global Microbiology Culture Market accounted for USD 6.45 Billion in 2020 and is expected to reach USD 9.11 Billion by 2028, growing at a CAGR of around 4.3% between 2021 and 2028.
Intensifying antibiotics demand for handling the rising incidences of myriad microbial infections is predicted to propel the expansion of the microbiology culture market within the years ahead. Besides this, massive investments in R&D activities associated with medical research are anticipated to drive the expansion trajectory of the microbiology culture market in an upward direction within the years ahead. Additionally, to the present, the inception of the latest foodborne ailments is projected to reinforce the microbiology culture market demand over the forthcoming years.
Rising antibiotics costs alongside drug resistance, however, are forecast to hinder the microbiology culture market surge within the ensuing years. Nevertheless, extensive research & development activities administered across the healthcare domain are predicted to get lucrative opportunities for the industry within the near future, normalizing the impact of hindrances on the microbiology culture market.
The arrival of COVID-19 and its impact on microbiology should be systematically investigated to formulate growth strategies in the future. Furthermore, the rising demand for antibiotics to treat a range of diseases is expected to provide fertile grounds for growth for companies operating in the microbiology culture market. The lockdowns imposed by various countries to contain the spread of Covid-19 has impacted the global operations and supply chain which had negative consequences on the microbiology culture market as global sales declined.
The major reason for the decline in the market during the pandemic outbreak was a decrease in patient volume in hospitals, owing to rescheduling and delaying of procedures for safety reasons. Furthermore, delays happened after a careful review of patient history and if feasible, healthcare providers rescheduled procedures to minimize the risk of getting exposed to COVID-19 during hospital visits.
Significant developments within plant cell culture-based productions and soaring demand for superfoods worldwide are a number of the first factors that are likely to reinforce the expansion of the microbiology culture market within the coming years. The many developments in the pharmaceutical biology space, alongside a surge in demand for antibiotics and an increase in the number of research activities, are a number of the leading factors that are anticipated to propel the expansion of the microbiology culture market during the assessment period.
The culture type-based market covered under this study includes bacterial culture and eukaryotic culture. Among the two, the demand for eukaryotic culture is relatively higher and the trend is anticipated to remain so over the next few years. The key media kinds available in the industry include complex media, special media, synthetic media, and complex media. Among them, the demand for complex culture media is relatively higher and the trend is anticipated to remain so over the next few years.
Geographically, North America has been leading the worldwide microbiology culture market and is anticipated to continue in the dominant position within the years to return. The presence of a well-established medical and healthcare infrastructure and skilled healthcare service providers is the main factor behind the dominance of the North American microbiology culture market. The rising preference for antibiotics within the countries like the U.S. and Canada is predicted to impel the microbiology culture market progress in the future.
Key market players of the Microbiology Culture market include Becton, Dickinson and Company, Eiken Chemical Co, Ltd., Neogen Corporation, Sigma-Aldrich Co., Thermo Fisher Scientific, Inc., and LLC, Scharlab S.L., among others.
The global Microbiology Culture is segmented as follows:
By Culture Type
By Media Type
The global Microbiology Culture were valued at USD 6.45 Billion in 2020.
The global Microbiology Culture is expected to reach USD 9.11 Billion by 2028, growing at a CAGR of 4.3% between 2021 to 2028.
Escalating antibiotics demand for handling the rising incidences of myriad microbial infections is expected to propel the growth of microbiology culture market in the years ahead.
North America has been leading the worldwide Microbiology Culture and is anticipated to continue in the dominant position in the years to come.
Key market players of Microbiology Culture market include Becton, Dickinson and Company, Eiken Chemical Co, Ltd., Neogen Corporation, Sigma-Aldrich Co., Thermo Fisher Scientific, Inc., and LLC, Scharlab S.L., among others.
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