Industrial Microbiology Market Updates by 2031
MARKET OVERVIEW
Microorganisms are screened for food & beverage, pharmaceuticals, personal care products, and other purposes in industrial microbiology. Every year, industries around the world conduct billions of tests, indicating a substantial market opportunity. Furthermore, the demand for novel microbiology testing methods has risen in response to rising consumer product demand, increased demand for generating high-quality products, and the introduction of international production standards and safety criteria.
MARKET SCOPE
The "Global Industrial Microbiology Market Analysis to 2031" is a specialized and in-depth study of the biotechnology industry with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial microbiology market with detailed market segmentation by product, test type, application, and geography. The report provides key statistics on the market status of the leading industrial microbiology market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the market is bifurcated into equipment and systems, consumables, and laboratory supply. The equipment and systems market is further segmneted into filtration pumps and systems, microbial detection systems, air monitoring systems, automated equipment, incubators and culture apparatus, others. The consumables market is further segmented into media, reagents and strains, others. The laboratory supply segment is further segmented into bags and bottles, loop and needles, petri dishes, racks, seals, plates and holders, filtration disc and membranes, others.
- Based on test type, the market is bifurcated into sterility testing, microbial limits testing, bio-burden testing, water and environmental testing, and others
- Based on application, the market is bifurcated into pharmaceuticals and biotechnology, food and beverage industry, environmental industry, agricultural industry, and others
MARKET DYNAMICS
Drivers:
- Increasing application of industrial microbiology in manufacturing of empty capsules
- Increasing development and launch of antibiotics, vitamins, and vaccines
Restraints:
- Several conflicts observed regarding the usage of genetically modified organisms in food sources
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The industrial microbiology market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the industrial microbiology market in these regions.
IMPACT OF COVID-19 ON INDUSTRIAL MICROBIOLOGY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The industrial microbiology market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the industrial microbiology market in these regions.
IMPACT OF COVID-19 ON INDUSTRIAL MICROBIOLOGY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the industrial microbiology market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from industrial microbiology market are anticipated to lucrative growth opportunities in the future with the rising demand for health coach in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial microbiology market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BD
- bioM
- Bio-Rad Laboratories, Inc.
- Thermo Fisher Scientific, Inc.
- QIAGEN
- Merck KGaA
- Eppendorf
- Agilent Technologies, Inc.
- 3M
- Sartorius AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Industrial Microbiology Market - By Product
1.3.2 Industrial Microbiology Market - By Test Type
1.3.3 Industrial Microbiology Market - By Application
1.3.4 Industrial Microbiology Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL MICROBIOLOGY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. INDUSTRIAL MICROBIOLOGY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. INDUSTRIAL MICROBIOLOGY MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL MICROBIOLOGY - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL MICROBIOLOGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. INDUSTRIAL MICROBIOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. EQUIPMENT AND SYSTEMS
7.3.1. Overview
7.3.2. Equipment and Systems Market Forecast and Analysis
7.3.3. Filtration Pumps and Systems Market
7.3.3.1. Overview
7.3.3.2. Filtration Pumps and Systems Market Forecast and Analysis
7.3.4. Microbial Detection Systems Market
7.3.4.1. Overview
7.3.4.2. Microbial Detection Systems Market Forecast and Analysis
7.3.5. Air Monitoring Systems Market
7.3.5.1. Overview
7.3.5.2. Air Monitoring Systems Market Forecast and Analysis
7.3.6. Automated Equipment Market
7.3.6.1. Overview
7.3.6.2. Automated Equipment Market Forecast and Analysis
7.3.7. Incubators and Culture Apparatus Market
7.3.7.1. Overview
7.3.7.2. Incubators and Culture Apparatus Market Forecast and Analysis
7.3.8. Others Market
7.3.8.1. Overview
7.3.8.2. Others Market Forecast and Analysis
7.4. CONSUMABLES
7.4.1. Overview
7.4.2. Consumables Market Forecast and Analysis
7.4.3. Media Market
7.4.3.1. Overview
7.4.3.2. Media Market Forecast and Analysis
7.4.4. Reagents and Strains Market
7.4.4.1. Overview
7.4.4.2. Reagents and Strains Market Forecast and Analysis
7.4.5. Others Market
7.4.5.1. Overview
7.4.5.2. Others Market Forecast and Analysis
7.5. LABORATORY SUPPLY
7.5.1. Overview
7.5.2. Laboratory Supply Market Forecast and Analysis
7.5.3. Bags and Bottles Market
7.5.3.1. Overview
7.5.3.2. Bags and Bottles Market Forecast and Analysis
7.5.4. Loop and Needles Market
7.5.4.1. Overview
7.5.4.2. Loop and Needles Market Forecast and Analysis
7.5.5. Petri Dishes Market
7.5.5.1. Overview
7.5.5.2. Petri Dishes Market Forecast and Analysis
7.5.6. Racks Market
7.5.6.1. Overview
7.5.6.2. Racks Market Forecast and Analysis
7.5.7. Seals Market
7.5.7.1. Overview
7.5.7.2. Seals Market Forecast and Analysis
7.5.8. Plates and Holders Market
7.5.8.1. Overview
7.5.8.2. Plates and Holders Market Forecast and Analysis
7.5.9. Filtration Disc and Membranes Market
7.5.9.1. Overview
7.5.9.2. Filtration Disc and Membranes Market Forecast and Analysis
7.5.10. Others Market
7.5.10.1. Overview
7.5.10.2. Others Market Forecast and Analysis
8. INDUSTRIAL MICROBIOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - TEST TYPE
8.1. OVERVIEW
8.2. TEST TYPE MARKET FORECASTS AND ANALYSIS
8.3. STERILITY TESTING
8.3.1. Overview
8.3.2. Sterility Testing Market Forecast and Analysis
8.4. MICROBIAL LIMITS TESTING
8.4.1. Overview
8.4.2. Microbial Limits Testing Market Forecast and Analysis
8.5. BIO-BURDEN TESTING
8.5.1. Overview
8.5.2. Bio-Burden Testing Market Forecast and Analysis
8.6. WATER AND ENVIRONMENTAL TESTING
8.6.1. Overview
8.6.2. Water and Environmental Testing Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. INDUSTRIAL MICROBIOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PHARMACEUTICALS AND BIOTECHNOLOGY
9.3.1. Overview
9.3.2. Pharmaceuticals and Biotechnology Market Forecast and Analysis
9.4. FOOD AND BEVERAGE INDUSTRY
9.4.1. Overview
9.4.2. Food and Beverage Industry Market Forecast and Analysis
9.5. ENVIRONMENTAL INDUSTRY
9.5.1. Overview
9.5.2. Environmental Industry Market Forecast and Analysis
9.6. AGRICULTURAL INDUSTRY
9.6.1. Overview
9.6.2. Agricultural Industry Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. INDUSTRIAL MICROBIOLOGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Industrial Microbiology Market Overview
10.1.2 North America Industrial Microbiology Market Forecasts and Analysis
10.1.3 North America Industrial Microbiology Market Forecasts and Analysis - By Product
10.1.4 North America Industrial Microbiology Market Forecasts and Analysis - By Test Type
10.1.5 North America Industrial Microbiology Market Forecasts and Analysis - By Application
10.1.6 North America Industrial Microbiology Market Forecasts and Analysis - By Countries
10.1.6.1 United States Industrial Microbiology Market
10.1.6.1.1 United States Industrial Microbiology Market by Product
10.1.6.1.2 United States Industrial Microbiology Market by Test Type
10.1.6.1.3 United States Industrial Microbiology Market by Application
10.1.6.2 Canada Industrial Microbiology Market
10.1.6.2.1 Canada Industrial Microbiology Market by Product
10.1.6.2.2 Canada Industrial Microbiology Market by Test Type
10.1.6.2.3 Canada Industrial Microbiology Market by Application
10.1.6.3 Mexico Industrial Microbiology Market
10.1.6.3.1 Mexico Industrial Microbiology Market by Product
10.1.6.3.2 Mexico Industrial Microbiology Market by Test Type
10.1.6.3.3 Mexico Industrial Microbiology Market by Application
10.2. EUROPE
10.2.1 Europe Industrial Microbiology Market Overview
10.2.2 Europe Industrial Microbiology Market Forecasts and Analysis
10.2.3 Europe Industrial Microbiology Market Forecasts and Analysis - By Product
10.2.4 Europe Industrial Microbiology Market Forecasts and Analysis - By Test Type
10.2.5 Europe Industrial Microbiology Market Forecasts and Analysis - By Application
10.2.6 Europe Industrial Microbiology Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Industrial Microbiology Market
10.2.6.1.1 Germany Industrial Microbiology Market by Product
10.2.6.1.2 Germany Industrial Microbiology Market by Test Type
10.2.6.1.3 Germany Industrial Microbiology Market by Application
10.2.6.2 France Industrial Microbiology Market
10.2.6.2.1 France Industrial Microbiology Market by Product
10.2.6.2.2 France Industrial Microbiology Market by Test Type
10.2.6.2.3 France Industrial Microbiology Market by Application
10.2.6.3 Italy Industrial Microbiology Market
10.2.6.3.1 Italy Industrial Microbiology Market by Product
10.2.6.3.2 Italy Industrial Microbiology Market by Test Type
10.2.6.3.3 Italy Industrial Microbiology Market by Application
10.2.6.4 Spain Industrial Microbiology Market
10.2.6.4.1 Spain Industrial Microbiology Market by Product
10.2.6.4.2 Spain Industrial Microbiology Market by Test Type
10.2.6.4.3 Spain Industrial Microbiology Market by Application
10.2.6.5 United Kingdom Industrial Microbiology Market
10.2.6.5.1 United Kingdom Industrial Microbiology Market by Product
10.2.6.5.2 United Kingdom Industrial Microbiology Market by Test Type
10.2.6.5.3 United Kingdom Industrial Microbiology Market by Application
10.2.6.6 Rest of Europe Industrial Microbiology Market
10.2.6.6.1 Rest of Europe Industrial Microbiology Market by Product
10.2.6.6.2 Rest of Europe Industrial Microbiology Market by Test Type
10.2.6.6.3 Rest of Europe Industrial Microbiology Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Industrial Microbiology Market Overview
10.3.2 Asia-Pacific Industrial Microbiology Market Forecasts and Analysis
10.3.3 Asia-Pacific Industrial Microbiology Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Industrial Microbiology Market Forecasts and Analysis - By Test Type
10.3.5 Asia-Pacific Industrial Microbiology Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Industrial Microbiology Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Industrial Microbiology Market
10.3.6.1.1 Australia Industrial Microbiology Market by Product
10.3.6.1.2 Australia Industrial Microbiology Market by Test Type
10.3.6.1.3 Australia Industrial Microbiology Market by Application
10.3.6.2 China Industrial Microbiology Market
10.3.6.2.1 China Industrial Microbiology Market by Product
10.3.6.2.2 China Industrial Microbiology Market by Test Type
10.3.6.2.3 China Industrial Microbiology Market by Application
10.3.6.3 India Industrial Microbiology Market
10.3.6.3.1 India Industrial Microbiology Market by Product
10.3.6.3.2 India Industrial Microbiology Market by Test Type
10.3.6.3.3 India Industrial Microbiology Market by Application
10.3.6.4 Japan Industrial Microbiology Market
10.3.6.4.1 Japan Industrial Microbiology Market by Product
10.3.6.4.2 Japan Industrial Microbiology Market by Test Type
10.3.6.4.3 Japan Industrial Microbiology Market by Application
10.3.6.5 South Korea Industrial Microbiology Market
10.3.6.5.1 South Korea Industrial Microbiology Market by Product
10.3.6.5.2 South Korea Industrial Microbiology Market by Test Type
10.3.6.5.3 South Korea Industrial Microbiology Market by Application
10.3.6.6 Rest of Asia-Pacific Industrial Microbiology Market
10.3.6.6.1 Rest of Asia-Pacific Industrial Microbiology Market by Product
10.3.6.6.2 Rest of Asia-Pacific Industrial Microbiology Market by Test Type
10.3.6.6.3 Rest of Asia-Pacific Industrial Microbiology Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Industrial Microbiology Market Overview
10.4.2 Middle East and Africa Industrial Microbiology Market Forecasts and Analysis
10.4.3 Middle East and Africa Industrial Microbiology Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Industrial Microbiology Market Forecasts and Analysis - By Test Type
10.4.5 Middle East and Africa Industrial Microbiology Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Industrial Microbiology Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Industrial Microbiology Market
10.4.6.1.1 South Africa Industrial Microbiology Market by Product
10.4.6.1.2 South Africa Industrial Microbiology Market by Test Type
10.4.6.1.3 South Africa Industrial Microbiology Market by Application
10.4.6.2 Saudi Arabia Industrial Microbiology Market
10.4.6.2.1 Saudi Arabia Industrial Microbiology Market by Product
10.4.6.2.2 Saudi Arabia Industrial Microbiology Market by Test Type
10.4.6.2.3 Saudi Arabia Industrial Microbiology Market by Application
10.4.6.3 U.A.E Industrial Microbiology Market
10.4.6.3.1 U.A.E Industrial Microbiology Market by Product
10.4.6.3.2 U.A.E Industrial Microbiology Market by Test Type
10.4.6.3.3 U.A.E Industrial Microbiology Market by Application
10.4.6.4 Rest of Middle East and Africa Industrial Microbiology Market
10.4.6.4.1 Rest of Middle East and Africa Industrial Microbiology Market by Product
10.4.6.4.2 Rest of Middle East and Africa Industrial Microbiology Market by Test Type
10.4.6.4.3 Rest of Middle East and Africa Industrial Microbiology Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Industrial Microbiology Market Overview
10.5.2 South and Central America Industrial Microbiology Market Forecasts and Analysis
10.5.3 South and Central America Industrial Microbiology Market Forecasts and Analysis - By Product
10.5.4 South and Central America Industrial Microbiology Market Forecasts and Analysis - By Test Type
10.5.5 South and Central America Industrial Microbiology Market Forecasts and Analysis - By Application
10.5.6 South and Central America Industrial Microbiology Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Industrial Microbiology Market
10.5.6.1.1 Brazil Industrial Microbiology Market by Product
10.5.6.1.2 Brazil Industrial Microbiology Market by Test Type
10.5.6.1.3 Brazil Industrial Microbiology Market by Application
10.5.6.2 Argentina Industrial Microbiology Market
10.5.6.2.1 Argentina Industrial Microbiology Market by Product
10.5.6.2.2 Argentina Industrial Microbiology Market by Test Type
10.5.6.2.3 Argentina Industrial Microbiology Market by Application
10.5.6.3 Rest of South and Central America Industrial Microbiology Market
10.5.6.3.1 Rest of South and Central America Industrial Microbiology Market by Product
10.5.6.3.2 Rest of South and Central America Industrial Microbiology Market by Test Type
10.5.6.3.3 Rest of South and Central America Industrial Microbiology Market by Application
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL INDUSTRIAL MICROBIOLOGY MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. INDUSTRIAL MICROBIOLOGY MARKET, KEY COMPANY PROFILES
13.1. BD
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BIOM
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BIO-RAD LABORATORIES, INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. THERMO FISHER SCIENTIFIC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. QIAGEN
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MERCK KGAA
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. EPPENDORF
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. AGILENT TECHNOLOGIES, INC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. 3M
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SARTORIUS AG
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. BD
2. bioM
3. Bio-Rad Laboratories, Inc.
4. Thermo Fisher Scientific, Inc.
5. QIAGEN
6. Merck KGaA
7. Eppendorf
8. Agilent Technologies, Inc.
9. 3M
10. Sartorius AG
11. BioMerieux SA
12. Asiagel Corporation
13. Novamed
14. Danaher Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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