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Microbial Growth Media Market by End-user and Geography - Forecast and Analysis 2020-2024

Microbial Growth Media Market by End-user and Geography - Forecast and Analysis 2020-2024

Published: Dec 2020 120 Pages SKU: IRTNTR45555

Market Overview at a Glance

$1.97 B
Market Opportunity
5.82%
CAGR
YoY growth 2018-2019(%)

The microbial growth media market has the potential to grow by USD 1.97 billion during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 5.82%. This microbial growth media market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The microbial growth media market report also offers information on several market vendors, including Avra Synthesis Pvt. Ltd., Becton, Dickinson and Co., bioMérieux SA, Bio-Rad Laboratories Inc., Eiken Chemical Co. Ltd., HiMedia Laboratories Pvt. Ltd., Merck KGaA, Neogen Chemicals Ltd., SCHARLAB SL, and Thermo Fisher Scientific Inc. among others. Furthermore, this report extensively covers market segmentation by end-user (pharmaceutical and biotechnology companies, academic and research institutes, and others) and geography (North America, Europe, Asia, and ROW).

What will the Microbial Growth Media Market Size be in 2020?

Microbial-Growth-Media-Market-Market-Size-2019-2024

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Microbial Growth Media Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The high demand for improved antibiotics is notably driving the microbial growth media market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the microbial growth media market get your FREE report sample now.

This microbial growth media market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Microbial Growth Media Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Avra Synthesis Pvt. Ltd.
  • Becton, Dickinson and Co.
  • bioMérieux SA
  • Bio-Rad Laboratories Inc.
  • Eiken Chemical Co. Ltd.
  • HiMedia Laboratories Pvt. Ltd.
  • Merck KGaA
  • Neogen Chemicals Ltd.
  • SCHARLAB SL 
  • Thermo Fisher Scientific Inc.

 

The microbial growth media market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the microbial growth media market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Microbial Growth Media Market?

Microbial-Growth-Media-Market-Market-Share-by-Region-2019-2024

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42% of the market’s growth will originate from North America during the forecast period. The US is a key market for microbial growth media in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Microbial Growth Media Market?

Microbial-Growth-Media-Market-Market-Share-by-End-2019-2024

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The microbial growth media market share growth by the pharmaceutical and biotechnology companies segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2020-2024 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the microbial growth media market size.

 

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What are the Key Factors Covered in this Microbial Growth Media Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive microbial growth media market growth during the next five years
  • Precise estimation of the microbial growth media market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the microbial growth media market across North America, Europe, Asia, and ROW 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of microbial growth media market vendors

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Microbial Growth Media Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2020-2024

USD 1.97 billion

Market structure

Fragmented

YoY growth (%)

4.75

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 42%

Key consumer countries

US, UK, Germany, France, China, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Avra Synthesis Pvt. Ltd., Becton, Dickinson and Co., bioMérieux SA, Bio-Rad Laboratories Inc., Eiken Chemical Co. Ltd., HiMedia Laboratories Pvt. Ltd., Merck KGaA, Neogen Chemicals Ltd., SCHARLAB SL , and Thermo Fisher Scientific Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Microbial Growth Media market growth will increase by 1967.81 million during 2019-2024.

The Microbial Growth Media market is expected to grow at a CAGR of 5.82% during 2019-2024.

Microbial Growth Media market is segmented by End user( Pharmaceutical and biotechnology companies, Academic and research institutes, Others) Geographic( North America, Europe, Asia, ROW)

Avra Synthesis Pvt. Ltd., Becton, Dickinson and Co., bioMérieux SA, Bio-Rad Laboratories Inc., Eiken Chemical Co. Ltd., HiMedia Laboratories Pvt. Ltd., Merck KGaA, Neogen Chemicals Ltd., SCHARLAB SL , Thermo Fisher Scientific Inc. are a few of the key vendors in the Microbial Growth Media market.

North America will register the highest growth rate of 41.52% among the other regions. Therefore, the Microbial Growth Media market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

US, UK, Germany, France, China, Japan

  • High demand for improved antibiotics is the driving factor this market.

The Microbial Growth Media market vendors should focus on grabbing business opportunities from the Pharmaceutical and biotechnology companies segment as it accounted for the largest market share in the base year.