Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSMay 2020 - The Centers for Disease Control and Prevention (CDC), announced that it is growing SARS-CoV-2 virus in its laboratory using cell culture that will be used to develop antibodies for people to block the viral infections.
A microbial culture or microbiological culture is a mechanism by which microbial species multiply on their own through reproduction under controlled laboratory conditions in a preset lifestyle media. It is one of the key methods which is used to determine the cause of infectious disease by letting the agent multiply in a predetermined culture medium.
The collections of microbial culture are stored in an institution named Biological Resource Centers (BRC). These samples are stored for industry or academic research and are widely used as a research tool in molecular biology to identify the type of organisms present in a sample.
The global microbial culture market is anticipated to record a high CAGR during the forecast period, i.e., 2020-2028. This is mainly attributed to the advancement in research and development activities, progress in pharmaceutical microbiology, evolving pathogens, and growing public awareness along with the growing demand from the cosmetic, food, and pharmaceutical industries across the world.
The market is segmented by culture type, media, and by application. The culture type segment is bifurcated into bacterial culture, and eukaryotic culture. The segment for bacterial culture is projected to hold the largest market share over the forecast period on the back of increasing application in pharmaceutical microbiology for developing antibiotics and vaccines, food microbiology, and disease research.
Based on media, the microbial culture market is segmented into simple media, complex media, synthetic media, and special media. The complex media segment held the largest share in the global microbial culture market in 2018 and it would continue to hold a significant market share during the forecast period owing to the capacity of the complex media to provide a full range of growth factors required to cultivate an unknown bacteria or bacteria with complex nutritional requirements. Further, the demand for ready-to-use, off the shelf items in dehydrated and prepared culture media has increased substantially which is expected to further propel the growth of this segment in the coming years.CLICK TO DOWNLOAD SAMPLE REPORT
Based on the application, the food & water testing segment held a major share in the global microbial culture market in 2018. This segment is expected to witness a faster growth rate during the forecast period on account of an increase in the edible manufacturing processing firms, growing interest in food safety, and increasing research & development in biotechnologies along with technological advancements in culture testing. Moreover, high occurrences of food poisoning and water-borne diseases are some of the factors that are likely to boost the growth of the global microbial culture market.
Food and water are the easiest and the most common method of pathogen transmission. Concerns for food safety have witnessed a rise owing to the growing incidences of food poisoning over the years. With strict government regulations and guidelines pertaining to food safety and preservation coupled with the rising number of eatable manufacturing and processing entities, the microbial culture market is expected to witness lucrative growth in the global market over the forecast period.
Further, the consumption of fermented foods has risen exponentially in recent years, giving way to a lucrative market of food culture. Probiotics and functional foods are the latest trends in the market capturing the world across, from the US to developing nations. Moreover, an increasing advent of experimentation in technology for water testing is projected to drive the global microbial culture market during the forecast period.
The global market for microbial culture has been accelerated by the demand for antibiotics. The growing cases of infections, diseases, pandemics, and the need to identify the organism causing the disease combined with the ongoing research and development in the healthcare sector are some of the factors anticipated to drive the growth of the global microbiological culture market over the coming years. Additionally, the technological advancements in ‘starter cultures’ will play an imperative role in widening the applications of the microbial culture during the forecast period.
Despite the increasing research and development activities by various leading companies for the development of antibiotics through microbial culture, the rising price of antibiotics coupled with the resistance to antibiotics against certain infections are few limitations which are anticipated to directly affect the growth of the global microbial culture market. Additionally, the high price related to different types of media culture is expected to hamper the expansion of the microbial culture market over the forecast period.
Our in-depth analysis of the microbiology culture market includes the following segments:
On the basis of regional analysis, the microbial culture market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The North America region held the largest share in terms of revenue in 2019 and is expected to continue dominating the market over the forecast period. This would be attributed to the rising number of research activities in the medical field owing to the high prevalence of diseases in the region. This, coupled with the increase in microbial testing in the food & beverage industry has enhanced the growth of the culture media market. Additionally, the acquisition of the new private companies by key players enables them to further penetrate the market, thereby leveraging the growth of the global microbial culture market.
The Asia-Pacific region is anticipated to witness a fast growth in the global microbial culture market, in terms of revenue, during the forecast period on account of rising food safety measures, increasing demand for antibiotics, and excessive increase in health care facilities in the region.
The microbiology culture market is further classified on the basis of region as follows:
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