The Microbiology Equipment and Consumables Market to Grow to $11.4 Billion by 2018
Wellesley, Mass (PRWEB) January 23, 2014
According to a new technical market research report, Global Markets for Microbiology Technology, Equipment and Consumables, from BCC Research (http://www.bccresearch.com), the microbiology equipment and consumables market was valued at nearly $7.7 billion in 2012 and is estimated at $8.5 billion for 2013. BCC Research projects the market to grow to $11.4 billion by 2018, and register a five-year compound annual growth rate of 6.1% from 2013 to 2018.
Microbiology, the study of microorganisms, impacts our lives in so many different ways. It is used to treat major pandemics and common infections, as well as influences the food people consume and the manufacture of key industrial products. The tools used in microbiology are as varied as their uses. The American Society of Microbiology is organized into 27 different sections to deal with the many issues concerning with microbiology. Such a broad field requires a necessarily broad survey of the market opportunities and challenges that will arise in the coming years.
According to BCC Research, the fastest moving sectors within this industry are the public health and biofuel sectors. The public health sector will be driven by the uptake of new technologies within the industry, particularly laboratory automation and rapid microbiological methods. Growth in the biofuel industry will be broad-based, as investment in the industry leads to a ramp up in equipment, technology, and consumables.
Among the three broad sectors, the consumables market will be largely driven by the broader shift away from older technologies that require more consumables to newer technologies that minimize the need for resources to operate laboratories. Moderate growth is expected in the microbiology equipment sector, resulting from the typical rotation of equipment, as well as what is needed to support broad sector growth. Finally, the automation and technology sector will grow the fastest resulting from the rise of rapid microbiological methods, particularly within the public health sector, and increased use of microbes in bioremediation efforts in the environmental sector.
This technical market research report explores the broader microbiology industry, including forecasted trends and sales through 2018. It discusses key manufacturers, suppliers, users and factors such as demand drivers. The plethora of market opportunities throughout microbiology, from culture plates and reagents to high automated systems are also identified. Most importantly, it looks at the product mix throughout the various sectors of the market, noting where key differences arise between sectors in product mix and product usage. This is reflected in the focus on the particular sectors in which microbiology is used to support industry, the countries and regions involved, and the key product mix within these sectors to highlight the unique challenges and opportunities within the market.
This report is intended for professionals who work in fields that employ microbiology operations as a part of revenue-generating operations. This would include scientific staff, quality control personnel, upper management, business development and marketing professionals. It will also benefit those who work in management and marketing for companies that provides supplies to other companies in the course of their microbiology work, including manufacturers and marketers of microbiology consumables, equipment and high-tech industries that support microbiology uses.