Microbial Products Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71908
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The microbial products market share is expected to increase by USD 18.41 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.20%.

This microbial products market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers microbial products market segmentation by application (pharmaceutical, diagnostics, and biotechnology) and geography (North America, Europe, Asia, and ROW). The microbial products market report also offers information on several market vendors, including bioMerieux SA, GlaxoSmithKline Plc, Kyowa Hakko Bio Co. Ltd., Merck KGaA, NovaMedica, Novartis AG, Pfizer Inc., Sanofi SA, Thermo Fisher Scientific Inc., and Valent BioSciences LLC among others.

What will the Microbial Products Market Size be During the Forecast Period?

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Microbial Products Market: Key Drivers and Trends

The high demand for microbial products in the pharmaceutical industry is notably driving the microbial products market growth, although factors such as challenges related to manufacturing and formulation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the microbial products industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Microbial Products Market Driver

One of the key factors driving growth in the microbial products market is the high demand for microbial products in the pharmaceutical industry. Microbiology has immense potential in the pharmaceutical industry. The exploitation of microorganisms and the development of microbes-based products play a prominent role in the manufacturing of vaccines, antibiotics, insulin, and steroids. Vaccines are made from killed or weakened microorganisms, their toxins, or their surface proteins. The growing focus on research for the development of new antibiotic substances is increasing the approval of new antibiotics by regulatory authorities, such as the US FDA and EMA, which is driving the demand for microbial products among pharmaceutical research laboratories. The vast applications of microbial products in the pharmaceutical industry are expected to propel the growth of the global microbial products market.

Key Microbial Products Market Challenge

The difficulties related to the manufacturing and formulation will be a major challenge for the microbial products market during the forecast period. Microbial product manufacturers often come across challenging situations during clinical developments, manufacturing, and technology considerations. Producing stable engraftments, discovering relevant biosensors, producing robust gene circuits, maintaining safety and bio-contentment standards, and efficient designing of microbial therapies are some of the challenges faced by vendors during manufacturing and formulation operations. Resolving such issues during routine operations slows the development of microbial products, creating hurdles in the swift growth of the global microbial products market.

This microbial products market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Microbial Products Market Vendors?

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

 

  • bioMerieux SA
  • GlaxoSmithKline Plc
  • Kyowa Hakko Bio Co. Ltd.
  • Merck KGaA
  • NovaMedica
  • Novartis AG
  • Pfizer Inc.
  • Sanofi SA
  • Thermo Fisher Scientific Inc.
  • Valent BioSciences LLC

 

This statistical study of the microbial products market encompasses successful business strategies deployed by the key vendors. The microbial products market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

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.

The microbial products market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Microbial Products Market?

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41% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for microbial products in North America. However, the market growth rate in this region will be slower than the growth of the market in the European and Asian regions.

The increasing focus on microbe-based clinical research and the growing prevalence of new infectious diseases will facilitate the microbial products market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Microbial Products Market?

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The microbial products market share growth by the pharmaceutical segment will be significant during the forecast period. The pharmaceutical segment is growing with the rise in the number of pharmaceutical companies to meet the increased demand for novel drugs. This is due to the rising prevalence of rare diseases such as neonatal herpes and diphtheria. The growth of the pharmaceutical industry will be mainly driven by market expansion in developing countries due to the low labor and manufacturing costs. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the microbial products market size and actionable market insights on post COVID-19 impact on each segment.

 

Microbial Products Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.20%

Market growth 2022-2026

$ 18.41 billion

Market structure

Fragmented

YoY growth (%)

11.07

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 41%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

bioMerieux SA, GlaxoSmithKline Plc, Kyowa Hakko Bio Co. Ltd., Merck KGaA, NovaMedica, Novartis AG, Pfizer Inc., Sanofi SA, Thermo Fisher Scientific Inc., and Valent BioSciences LLC

Market dynamics

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

Customization purview

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What are the Key Data Covered in this Microbial Products Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive microbial products market growth during the next five years
  • Precise estimation of the microbial products market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the microbial products industry 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 products market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Pharmaceutical - Market size and forecast 2021-2026
    • Diagnostics - Market size and forecast 2021-2026
    • Biotechnology - Market size and forecast 2021-2026
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • Asia - Market size and forecast 2021-2026
      • ROW - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • bioMerieux SA
      • GlaxoSmithKline Plc
      • Kyowa Hakko Bio Co. Ltd.
      • Merck KGaA
      • NovaMedica
      • Novartis AG
      • Pfizer Inc.
      • Sanofi SA
      • Thermo Fisher Scientific Inc.
      • Valent BioSciences LLC

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA 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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The microbial products market growth will increase by $18416.04 million during 2021-2026.
      The microbial products market is expected to grow at a CAGR of 12.20% during 2021-2026.
      Technavio has segmented the microbial products market by application (Pharmaceutical, Diagnostics, and Biotechnology) and geographic (North America, Europe, Asia, and ROW).
      bioMerieux SA, GlaxoSmithKline Plc, Kyowa Hakko Bio Co. Ltd., Merck KGaA, NovaMedica, Novartis AG, Pfizer Inc., Sanofi SA, Thermo Fisher Scientific Inc., Valent BioSciences LLC are a few of the key vendors in the microbial products market.
      North America will register the highest growth rate of 41.01% among the other regions. Therefore, the microbial products market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the microbial products market growth are:
      • High demand for microbial products in the pharmaceutical industry
      The microbial products market vendors should focus on grabbing business opportunities from the pharmaceutical segment as it accounted for the largest market share in the base year.
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