Market Overview:
The global growth medium market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into natural medium, defined medium, and semi-defined medium. The natural media segment dominated the global growth media market in 2017 and is expected to continue its dominance during the forecast period. This can be attributed to factors such as easy availability and low cost of these media types as compared to other types of growth media. On the basis of application, hospitals accounted for a major share in 2017 and are expected to maintain their dominance during the forecast period owing to increasing demand for diagnostic services across regions worldwide.
Product Definition:
A growth medium is a substance that provides all the nutrients needed for the growth of microorganisms or cells in vitro. It is often a liquid, but may be solid. The most common type of growth medium for bacterial cultures is nutrient broth.
Natural Medium:
Natural medium is a product that comes from living organisms. It's the most basic form of Growth Factor and has been used in various applications such as tissue engineering, bone marrow transplantation, and drug discovery & development.
The natural medium market size was valued at USD 865 million in 2015 and is expected to grow at a CAGR of XX% during the forecast period.
Defined Medium:
Defined medium is a term used in microbiology to define the culture media or growth media that has been defined by the manufacturer as suitable for a particular type of bacterial culture. The most commonly used defined medium is nutrient agar, which provides carbon and energy sources necessary for microbial growth.
Other types of defined media include peptone water, defatted soy milk, glucose oxidase (GOD)medium and L-glutamate medium among others.
Application Insights:
The academic and research institutes application segment accounted for the largest revenue share of over 30% in 2017. The use of growth mediums by various academic and research institutes to culture microorganisms is expected to drive the market. Mediums such as defined, semi-defined, or natural are used depending upon the type of microorganism cultured. Hospitals application segment is also expected to witness significant growth during the forecast period owing to increasing investments in healthcare infrastructure across countries such as India, China, Brazil etc.
Hospitals account for a large number of infections due to improper hygiene and lack of proper equipment leading to contamination especially during medical procedures or surgeries where there is a high risk of infection from other people¢â‚¬â„¢s bodies (contamination).
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as favorable reimbursement scenario, presence of sophisticated healthcare infrastructure and high awareness levels among patients. In addition, increasing prevalence of chronic diseases is expected to drive the demand for diagnostic tests which will further propel growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare facilities due to increased government spending on health sector and rising patient awareness regarding early diagnosis of various diseases. Moreover, economic development in countries like India and China are expected favorably impact industry expansion over next eight years.
Growth Factors:
- Increasing demand for organic and health foods: The growth of the organic food industry is one of the most important growth drivers for the Growth Medium market. The global organic food market was valued at .7 billion in 2016 and is projected to reach 5.9 billion by 2025, according to a MarketsandMarkets research study. This represents a compound annual growth rate (CAGR) of 10.8%.
- Rising demand for convenience foods: Convenience foods are those that can be prepared or served quickly and easily, without much effort on the part of the consumer. They are typically pre-packaged or frozen, making them ideal for busy people who don’t have time to cook from scratch every day. The global convenience food market was valued at 7 billion in 2016 and is projected to reach trillion by 2022, according to a MarketsandMarkets research study . This represents a CAGR of 5%.
Scope Of The Report
Report Attributes
Report Details
Report Title
Growth Medium Market Research Report
By Type
Natural Medium, Defined Medium, Semi-defined Medium
By Application
Hospitals, Diagnostic Centers, Academic and Research Institutes, Others
By Companies
Thermo Fisher Scientific (US), Merck KGaA (US), Bio-Rad Laboratories (US), BioMerieux (Fr), Becton, Dickinson and Company (US), Eiken Chemical (JP), Neogen Corporation (US), Scharlab,S.L. (Spain), Life Technologies (US), CellGenix (Germany), Atlanta Biologicals (US), HiMedia Laboratories Pvt. Ltd. (India)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Growth Medium Market Report Segments:
The global Growth Medium market is segmented on the basis of:
Types
Natural Medium, Defined Medium, Semi-defined Medium
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Diagnostic Centers, Academic and Research Institutes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo Fisher Scientific (US)
- Merck KGaA (US)
- Bio-Rad Laboratories (US)
- BioMerieux (Fr)
- Becton, Dickinson and Company (US)
- Eiken Chemical (JP)
- Neogen Corporation (US)
- Scharlab,S.L. (Spain)
- Life Technologies (US)
- CellGenix (Germany)
- Atlanta Biologicals (US)
- HiMedia Laboratories Pvt. Ltd. (India)
Highlights of The Growth Medium Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Medium
- Defined Medium
- Semi-defined Medium
- By Application:
- Hospitals
- Diagnostic Centers
- Academic and Research Institutes
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Growth Medium Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A growth medium is a liquid or semi-solid material that supports the growth of microorganisms, plants, or other organisms. Common types of growth media include water, agar gel, and peptone water.
Some of the major companies in the growth medium market are Thermo Fisher Scientific (US), Merck KGaA (US), Bio-Rad Laboratories (US), BioMerieux (Fr), Becton, Dickinson and Company (US), Eiken Chemical (JP), Neogen Corporation (US), Scharlab,S.L. (Spain), Life Technologies (US), CellGenix (Germany), Atlanta Biologicals (US), HiMedia Laboratories Pvt. Ltd. (India).
The growth medium market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Growth Medium Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Growth Medium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Growth Medium Market - Supply Chain
4.5. Global Growth Medium Market Forecast
4.5.1. Growth Medium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Growth Medium Market Size (000 Units) and Y-o-Y Growth
4.5.3. Growth Medium Market Absolute $ Opportunity
5. Global Growth Medium Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Growth Medium Market Size and Volume Forecast by Type
5.3.1. Natural Medium
5.3.2. Defined Medium
5.3.3. Semi-defined Medium
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Growth Medium Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Growth Medium Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Diagnostic Centers
6.3.3. Academic and Research Institutes
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Growth Medium Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Growth Medium Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Growth Medium Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Growth Medium Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Growth Medium Demand Share Forecast, 2019-2026
9. North America Growth Medium Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Growth Medium Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Growth Medium Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Diagnostic Centers
9.4.3. Academic and Research Institutes
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Growth Medium Market Size and Volume Forecast by Type
9.7.1. Natural Medium
9.7.2. Defined Medium
9.7.3. Semi-defined Medium
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Growth Medium Demand Share Forecast, 2019-2026
10. Latin America Growth Medium Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Growth Medium Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Growth Medium Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Diagnostic Centers
10.4.3. Academic and Research Institutes
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Growth Medium Market Size and Volume Forecast by Type
10.7.1. Natural Medium
10.7.2. Defined Medium
10.7.3. Semi-defined Medium
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Growth Medium Demand Share Forecast, 2019-2026
11. Europe Growth Medium Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Growth Medium Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Growth Medium Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Diagnostic Centers
11.4.3. Academic and Research Institutes
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Growth Medium Market Size and Volume Forecast by Type
11.7.1. Natural Medium
11.7.2. Defined Medium
11.7.3. Semi-defined Medium
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Growth Medium Demand Share, 2019-2026
12. Asia Pacific Growth Medium Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Growth Medium Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Growth Medium Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Diagnostic Centers
12.4.3. Academic and Research Institutes
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Growth Medium Market Size and Volume Forecast by Type
12.7.1. Natural Medium
12.7.2. Defined Medium
12.7.3. Semi-defined Medium
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Growth Medium Demand Share, 2019-2026
13. Middle East & Africa Growth Medium Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Growth Medium Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Growth Medium Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Diagnostic Centers
13.4.3. Academic and Research Institutes
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Growth Medium Market Size and Volume Forecast by Type
13.7.1. Natural Medium
13.7.2. Defined Medium
13.7.3. Semi-defined Medium
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Growth Medium Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Growth Medium Market: Market Share Analysis
14.2. Growth Medium Distributors and Customers
14.3. Growth Medium Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thermo Fisher Scientific (US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Merck KGaA (US)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bio-Rad Laboratories (US)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BioMerieux (Fr)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Becton, Dickinson and Company (US)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eiken Chemical (JP)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Neogen Corporation (US)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Scharlab,S.L. (Spain)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Life Technologies (US)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CellGenix (Germany)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Atlanta Biologicals (US)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. HiMedia Laboratories Pvt. Ltd. (India)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
