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Industrial Microbiology Market Will hit at a CAGR of 7.1% in from 2016 to 2024

Industrial Microbiology Market Will hit at a CAGR of 7.1% in from 2016 to 2024

Industrial microbiology is the application of microbiology techniques for management and exploitation of microorganisms for production and processing of useful products on a commercial scale. Industrial microbiology has wide applications in the manufacturing of pharmaceuticals, food and beverages, agriculture products, industrial chemicals, environment and others. The growing research in these field for obtaining high quality products is expected to fuel growth of the global industrial microbiology market. Moreover, factors such as increasing awareness among researchers related to new strains of microorganisms capable of producing enhanced quality products which have applications in drug development, food processing and other industries is expected to fuel growth of the global industrial microbiology market.

Future Market Insights offers forecast of the global industrial microbiology market between 2016 and 2026. In terms of value, the market is expected to register a CAGR of 7.1% during the forecast period. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global industrial microbiology market over the forecast period. It includes key trends, drivers, restraints, and opportunities influencing growth of the global industrial microbiology market over forecast period 2016–2026. Impact analysis of key growth drivers and restraints are included in this report to better equip clients with crystal clear decision-making insights.

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The global industrial microbiology market is segmented on the basis of:

  • Product Type
  • Test Type
  • End User
  • Region

On the basis of product type, the market is segmented as follows:

  • Equipment and Systems
  • Reaction Consumables
  • Laboratory Supplies

Reaction consumables product type segment is estimated to account for highest revenue share of 62.2% in 2016, and is expected to register a higher CAGR as compared to other product type segments during forecast period 2016–2026.

On the basis of test type, the market is segmented as follows:

  • Sterility Testing
  • Microbial Limit Testing
  • Bio-Burden Testing
  • Water and Environment Testing
  • Others

Sterility test type segment is expected to witness highest growth at a CAGR of 7.6% during the forecast period.

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On the basis of end user, the market is segmented as follows:

  • Pharmaceutical and Biotechnology Companies
  • Food and Beverage Industry
  • Personal Care Products
  • Agriculture and Environment
  • Others

North America industrial microbiology market is estimated to account for 27.3% revenue share in 2016, and is expected to dominate the global industrial microbiology market over the forecast period. Europe industrial microbiology market is expected to register a significant CAGR over the forecast period.

Some key market participants included in FMI’s global industrial microbiology market include Merck KGaA, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Asiagel Corporation, Eppendorf AG, bioMérieux SA, Novamed., QIAGEN, Sartorius AG, 3M and Danaher Corporation

Browse full report: http://www.futuremarketinsights.com/reports/industrial-microbiology-market

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