Microbiology Culture Market to Reach US$7.59 bn by 2023 due to Increasing Life Science Research Funding Globally Date: 02-27-2017 05:10 PM CET Category: Health & Medicine Press release from: Transparency Market Research - Biotechnology
A new Transparency Market Research report states that the global microbiology culture market stood at US$4.51 bn in 2014 is predicted to reach US$7.59 bn by 2023. It is predicted to expand at a CAGR of 5.90% from 2015 to 2023. The title of the report is, “Microbiology Culture Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.� Browse the full Microbiology Culture Market (Culture Type (Bacterial Culture and Eukaryotic Culture); Culture Media Type (Simple Media, Complex Media, Synthetic Media, and Special Media) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023 report at www.transparencymarketresearch.com/microbiology-culture-m... Microbial culture is a procedure of to multiplying microbial organisms by allowing them to reproduce in a specific culture media within a controlled laboratory environment. These cultures are utilized for determining the kind of organism or its quantity within the sample tested or both. This method is amongst the major microbiology-based diagnostic methods of microbiology and is utilized as a tool for determining the cause of a particular infectious disease. At present, a number of microbiology cultures are being employed by microbiologists extensively within industries such as beverages, food, life sciences research, pharmaceuticals, cosmetics, research, and others. The report states that the rising demand for antibiotics and the increasing life science research funding are amongst the key factors fuelling the growth of the market for microbiology culture. In addition, the increasing occurrence of infectious and food-borne diseases will also augment the growth of the market. Furthermore, the market is experiencing robust growth owing to the increasing concerns on regarding food safety, the evolving pathogens, the rising count of food recalls, and the increasing public awareness. The market is poised to expand rapidly owing to the rising need for food sourcing owing to the increasing supply and demand for food globally. On the other hand, the soaring costs involved in numerous kinds of media may impede the growth of the market in the forthcoming years. In terms of culture type, the report segments the market into eukaryotic culture and bacterial culture. The segment of eukaryotic culture is further segmented into eukaryotic algal cultures, yeast cultures, and others. Amongst these, in 2014, the segment of bacteria culture media led the market and is predicted to maintain its dominance throughout the forecast horizon.
Seite 1 / 3