Asia Pacific Microbiology & Bacterial Culture For Industrial Testing Market Size & Outlook
Asia Pacific microbiology & bacterial culture for industrial testing market, 2018-2030 (US$M)
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Asia Pacific microbiology & bacterial culture for industrial testing market highlights
- The Asia Pacific microbiology & bacterial culture for industrial testing market generated a revenue of USD 1,479.7 million in 2023.
- The market is expected to grow at a CAGR of 10.7% from 2024 to 2030.
- In terms of segment, media was the largest revenue generating consumable in 2023.
- Media is the most lucrative consumable segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,479.7 million |
| Market revenue in 2030 | USD 3,015.1 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | Media |
| Fastest growing segment | Media |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Media, Reagents, Sera |
| Key market players worldwide | Bio-Rad Laboratories Inc, New England Biolabs, Thermo Fisher Scientific Inc, Merck KGaA, Neogen Corp, Eiken Chemical Co Ltd, ATCC, Titan International Inc, HiMedia Laboratories, Hardy Diagnostics |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.0% of the global microbiology & bacterial culture for industrial testing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,015.1 million by 2030.
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Microbiology & Bacterial Culture For Industrial Testing Market Scope
Microbiology & Bacterial Culture For Industrial Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific microbiology & bacterial culture for industrial testing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microbiology & bacterial culture for industrial testing market will help companies and investors design strategic landscapes.
Media was the largest segment with a revenue share of 48.47% in 2023. Horizon Databook has segmented the Asia Pacific microbiology & bacterial culture for industrial testing market based on media, reagents, sera covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is one of the fastest growing regions due to the presence of large population, increasing demand for food & higher & improved agricultural produce, increased use of cosmetics, and growing demand for biofuel in the countries such as India, China, and other developing countries in the region.
Countries like China, India, and Singapore have attracted most of the investments from many companies and governments, owing to the abundance of resources and raw materials. Factors like these are anticipated to drive the market at a significant pace in the forecast years.
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Target buyers of Asia Pacific microbiology & bacterial culture for industrial testing market databook
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Our clientele includes a mix of microbiology & bacterial culture for industrial testing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific microbiology & bacterial culture for industrial testing market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific microbiology & bacterial culture for industrial testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific microbiology culture market size, by country, 2018-2030 (US$M)
Asia Pacific Microbiology & Bacterial Culture For Industrial Testing Market Share, 2023 & 2030 (US$M)
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