Culture Media Market- Analysis and Forecast 2025 Explored in Latest Research
, 12 July 2018 -- On the basis of geography, North America is the leading contributor to the growth of global culture media market. The share of the region in the overall market is expected to increase from 39.3% to 43% between 2016 and 2025. The increasing advancement in medical technology and a corresponding increase in the application of culture media are boosting the growth of this regional market. In this region, the U.S. leads the culture media market with its share expected to increase from 94.9% to 96.7% between 2016 and 2025.
Global Culture Media Market: Snapshot
The increasing prevalence of chronic diseases and the rising demand for an indication-specific line of treatment is the primary force driving the culture media market. Research and development pursuits for newer pharmaceutical products for applications in disease diagnosis is further fuelling the growth of this market.
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Rising geriatric population and high prevalence of infectious diseases are some other factors fuelling the culture media market. Apart from this, culture media is used in food analysis, environmental analysis, industrial applications, and molecular biology.
Culture media is used in microbiological laboratories to grow and control microbes. It is composed of different nutrients that are essential for microbial growth. Culture media are of several types differing in their nutrient composition and their function in the growth of microorganisms.
However, factors such as high cost associated with the preparation of different types of media culture and stringent process controls for culture media that require advanced manufacturing capabilities and capacities are challenging the market’s growth.
The global culture media market is projected to be worth US$10.1 bn by 2025 increasing from US$5.2 bn in 2016 at a CAGR of 7.7% between 2017 and 2025.
Hospitals Continue to Stay Most Attractive End-use Segment
By media type, dehydrated culture media stood as the most attractive segment in 2016 and is expected to maintain its dominance until the end of the forecast period in 2025. The dominance of dehydrated culture media segment is due to its benefits and its extensive use in academic and research institutes.
Prepared culture media stood as the second-leading media type segment in the culture media market. Prepared culture media is ready for immediate use for the isolation of microorganisms.
Among the end users, hospitals, academic and research institute, and diagnostic centers are the segments into which the culture media market is divided. The hospital segment dominated accounting for 43.5% of the global culture media market in 2016. The share of hospitals segment is expected to reach 44.1% by 2025 owing to the increasing emphasis on full-fledged hospital care system across the world.
North America Culture Media Market to Witness Considerable Increase in Market Share
On the basis of geography, North America is the leading contributor to the growth of global culture media market. The share of the region in the overall market is expected to increase from 39.3% to 43% between 2016 and 2025. The increasing advancement in medical technology and a corresponding increase in the application of culture media are boosting the growth of this regional market. In this region, the U.S. leads the culture media market with its share expected to increase from 94.9% to 96.7% between 2016 and 2025.
Europe is the second-leading regional segment in the culture media market and is expected to retain its position over the forecast period. Consistent economic growth in the region leading to improvement of healthcare facilities has attracted top players to invest in research and development for disease diagnosis.
Asia Pacific also contributes significantly to the global culture media market. The domestic markets of China and India are predominantly steering the growth of this regional market. Increasing research pursuits for disease diagnosis and mergers and collaborations between domestic and global players are boosting the growth of the China market for culture media.
Key players operating in the culture media market include ThermoFisher Scientific Inc., Bio-Rad Laboratories Inc., Becton, Dickinson and Company, EIKEN CHEMICAL Co. Ltd., Scharlab S.L., Merck KGaA (Merck Millipore), bioMérieux SA, HiMedia Laboratories Pvt Ltd., and Neogen Corporation among others.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Submitted by hawer on Thursday, 12 July 2018 at 5:36 AM
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