Microbiology Culture Market Poised To Record Remarkable Growth, Revenue To Surge To US$ 6.78 Bn By 2021
With the presence of a large pool of participants, the global microbiology culture market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Becton, Dickinson and Company, Scharlab S.L., Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, and Eiken Chemical Co Limited are few of the key vendors of microbiology culture across the world. These players across microbiology culture market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the microbiology culture market study.
Reportedly, in June this year, researchers at University of Texas have devised a method to culture elusive bacteria that is the key cause of syphilis. Through the innovative procedure spirochetes are nurtured in rabbit’s epithelial cells and fed periodically with amino acids. Researchers are of the view that their work will create a new path for detecting, treating, or preventing the bacterial infection in humans over the years to come.
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As estimated in this report, the global microbiology culture market stood at US$ 4.78 billion in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in microbiology culture market is expected to reach US$ 6.78 billion by the end of the forecast period. The key culture types available in this market are eukaryotic culture and bacterial 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, notes the research report. 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, notes the research report.
Enhanced Occurrence Of Varied Microbial Infections To Steer Market Growth
“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,” says the author of this study. Apart from this, massive investments in R&D activities related to medical research is anticipated to drive the growth trajectory of microbiology culture market in the upward direction in the years ahead. In addition to this, inception of new food borne ailments is projected to augment the microbiology culture market demand over the forthcoming years.
Rising antibiotics costs along with drug resistance, however, is forecast to hinder the microbiology culture market surge in the ensuing years. Nevertheless, extensive research & development activities carried out across the healthcare domain are predicted to generate lucrative opportunities for the industry in the near future, normalizing the impact of hindrances on the microbiology culture market, reports the study.
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Advanced Healthcare Infrastructure Facility To Assist Regional Dominance
Geographically, North America has been leading the worldwide microbiology culture market and is anticipated to continue on the dominant position in the years to come, states the market study. 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 America microbiology culture market. The rising preference for antibiotics in the countries such as the U.S. and Canada is predicted to impel the microbiology culture market progress in the future.