Global Microbiology Culture Market is Projected to Reach US$ 7 B - Erie News Now | WICU & WSEE in Erie, PA

Global Microbiology Culture Market is Projected to Reach US$ 7 Billion by 2023

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The global microbiology culture market is expected to exceed US$ 7 billion by 2023, registering a compound annual growth rate (CAGR) of more than 6% during the forecast period. The increase in demand for antibiotics, growing initiatives and life sciences research funding, and the high prevalence of infectious diseases are expected to drive the market. However, the high cost associated with the different types of media is expected to hamper the growth of the market.

In this report, the global microbiology culture market is segmented by culture type, media type, and region. On the basis of culture type, the market is segmented into bacterial culture and eukaryotic culture. The market is segmented on the basis of media type as simple media, synthetic media, complex media, and special media. The microbiology culture market in the complex media segment held the largest share in 2014 and is expected to continue the same trend during the forecast period.

The global microbiology culture market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America was the dominant microbiology culture market in 2014 and is expected to retain its leading position during the forecast period. However, Asia Pacific is projected to register the highest CAGR during the forecast period. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Brazil, and GCC countries. The report includes a detailed study of the global and regional microbiology culture market and analyzes the variations in the growth of the industry in certain regions.

A glimpse of the report structure is provided in the report description available on the website.

https://www.marketresearchengine.com/microbiology-culture-market

Becton, Dickinson and Company, bioMrieux 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. are the most active players in the microbiology culture market.

This report covers the microbiology culture market, in terms of value, and forecasts the market size till 2023. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The deep-dive study on the microbiology culture market will help customers with the identification of new market opportunities and targeted promotional plans.

 

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Source: http://www.financeswire.com/global-microbiology-culture-market-is-projected-to-reach-us-7-billion-by-2023

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