The global bacterial cell culture market was valued at $2,809.06 million in 2021, and is projected to reach $5,177.67 million by 2031, registering a CAGR of 6.3% from 2022 to 2031.
Bacterial culture refers to the process of multiplication of bacterial cells in a culture medium which is carried out under controlled laboratory conditions. Different bacterial species require different laboratory conditions for optimal replication. Further, the bacteria can be cultured by two methods - the aerobic culture and the anaerobic culture. Most of the species of bacteria mainly grow in the presence of oxygen, such as those present on the skin surface or in the upper respiratory tract, which is known as aerobic culture. On the other hand, some species are naturally found in low oxygen regions, such as in deep wounds or abscesses, which is known as anaerobic culture.
Bacterial cell cultures have wide applications in the field of healthcare and biotechnology research which include disease diagnosis, genetic manipulation, epidemiological study, and others. These bacterial cell cultures can be used in the diagnosis of various diseases which are caused due to bacteria and others microbial infections. The diagnosis process includes the sample collection from infectious sites and culturing them to carry out further analysis. These samples are mainly collected from the urine, blood, sputum, and stools. According to the Urology Care Foundation, urinary tract infections (UTIs) cause more than 8.1 million visits to health care providers each year and about 60% of women and 12% of men will have at least one UTI during their lifetime. Therefore, this prevalence of the UTIs causes rise in the demand for bacterial cell culture techniques for diagnosis and further leads to the growth of the market.
In addition, bacterial cell cultures are used for the purpose of food testing and water testing. The manufacturing of food and beverages involves stringent regulations that mandate the manufacturer to carry out testing before the marketing of the product. For this purpose, samples of the food substance is collected and is cultured in suitable laboratory conditions, and thus analysis is carried out to detect the presence of the specific bacteria present in food. Furthermore, the bacteriological analysis in food microbiology mainly involves the detection and enumeration of the bacterial colony present on the food, thereby propelling the growth of the bacterial cell culture market.
Furthermore, rise in funds by governments of various countries and private organizations to initiate manufacturing units are expected to boost the market growth. In addition, acquisition and partnerships by the key market players are the boosting factors for the market. For instance, in April 2022, Merck announced the launch of innovative Ready Stream system that prepares and instantly dispenses culture media for use in microbiological food testing, thereby enhancing testing efficiency through its innovation.
However, high investment cost for infrastructure and advance instruments hinders the growth of the market. The market players in the developing countries have poor economies and thus have low capacity for investment. In addition, lack of skilled professionals for carrying out research activity acts as a restrain to the market. On the contrary, rise in research and development activities by key market players and increase in healthcare expenditure in developed economies have further encouraged many key players to enter emerging markets, thus offering lucrative opportunities for the expansion of the bacterial cell culture market.
The global bacterial cell culture market is segmented on the basis of product, application, end user, and region. As per product type, the market is categorized into media, reagents, and sera. Depending on application, it is segmented into disease diagnosis, food testing, water testing, and others. On the basis of end user, it is segmented into diagnostic centers, food industry, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global bacterial cell culture market are bioMerieux SA, Bio-Rad Laboratories, Inc., Boekel Scientific, Danaher Corporation (Cytiva), Eiken Chemical Co., Ltd., HiMedia Laboratories Pvt. Ltd., Merck KGaA, Neogen Corporation, ScienCell Research Laboratories, Inc., and Thermo Fisher Scientific Inc.
Bacterial culture refers to the process of multiplication of bacterial cells in a culture medium which is carried out under controlled laboratory conditions. Different bacterial species require different laboratory conditions for optimal replication. Further, the bacteria can be cultured by two methods - the aerobic culture and the anaerobic culture. Most of the species of bacteria mainly grow in the presence of oxygen, such as those present on the skin surface or in the upper respiratory tract, which is known as aerobic culture. On the other hand, some species are naturally found in low oxygen regions, such as in deep wounds or abscesses, which is known as anaerobic culture.
Bacterial cell cultures have wide applications in the field of healthcare and biotechnology research which include disease diagnosis, genetic manipulation, epidemiological study, and others. These bacterial cell cultures can be used in the diagnosis of various diseases which are caused due to bacteria and others microbial infections. The diagnosis process includes the sample collection from infectious sites and culturing them to carry out further analysis. These samples are mainly collected from the urine, blood, sputum, and stools. According to the Urology Care Foundation, urinary tract infections (UTIs) cause more than 8.1 million visits to health care providers each year and about 60% of women and 12% of men will have at least one UTI during their lifetime. Therefore, this prevalence of the UTIs causes rise in the demand for bacterial cell culture techniques for diagnosis and further leads to the growth of the market.
In addition, bacterial cell cultures are used for the purpose of food testing and water testing. The manufacturing of food and beverages involves stringent regulations that mandate the manufacturer to carry out testing before the marketing of the product. For this purpose, samples of the food substance is collected and is cultured in suitable laboratory conditions, and thus analysis is carried out to detect the presence of the specific bacteria present in food. Furthermore, the bacteriological analysis in food microbiology mainly involves the detection and enumeration of the bacterial colony present on the food, thereby propelling the growth of the bacterial cell culture market.
Furthermore, rise in funds by governments of various countries and private organizations to initiate manufacturing units are expected to boost the market growth. In addition, acquisition and partnerships by the key market players are the boosting factors for the market. For instance, in April 2022, Merck announced the launch of innovative Ready Stream system that prepares and instantly dispenses culture media for use in microbiological food testing, thereby enhancing testing efficiency through its innovation.
However, high investment cost for infrastructure and advance instruments hinders the growth of the market. The market players in the developing countries have poor economies and thus have low capacity for investment. In addition, lack of skilled professionals for carrying out research activity acts as a restrain to the market. On the contrary, rise in research and development activities by key market players and increase in healthcare expenditure in developed economies have further encouraged many key players to enter emerging markets, thus offering lucrative opportunities for the expansion of the bacterial cell culture market.
The global bacterial cell culture market is segmented on the basis of product, application, end user, and region. As per product type, the market is categorized into media, reagents, and sera. Depending on application, it is segmented into disease diagnosis, food testing, water testing, and others. On the basis of end user, it is segmented into diagnostic centers, food industry, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global bacterial cell culture market are bioMerieux SA, Bio-Rad Laboratories, Inc., Boekel Scientific, Danaher Corporation (Cytiva), Eiken Chemical Co., Ltd., HiMedia Laboratories Pvt. Ltd., Merck KGaA, Neogen Corporation, ScienCell Research Laboratories, Inc., and Thermo Fisher Scientific Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bacterial cell culture market analysis from 2021 to 2031 to identify the prevailing bacterial cell culture market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the bacterial cell culture market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global bacterial cell culture market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Media
- Reagents
- Sera
By Application
- Disease Diagnosis
- Food Testing
- Water Testing
- Others
By End user
- Diagnostic Centers
- Food Industry
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Thermo Fisher Scientific, Inc.
- ScienCell Research Laboratories, Inc.
- Bio-Rad Laboratories, Inc.
- Eiken Chemical Co, Ltd.
- EMD (Merck) Millipore
- Hi-Media Laboratories Pvt. Ltd.
- Neogen Corporation
- BioMérieux S. A.
- Biokel Scientific
- Danaher Corporation
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: BACTERIAL CELL CULTURE MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Media
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Reagents
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Sera
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
CHAPTER 5: BACTERIAL CELL CULTURE MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Disease Diagnosis
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Food Testing
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Water Testing
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
CHAPTER 6: BACTERIAL CELL CULTURE MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Diagnostic Centers
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Food Industry
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
CHAPTER 7: BACTERIAL CELL CULTURE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End user
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Product Type
7.2.5.1.3 Market size and forecast, by Application
7.2.5.1.4 Market size and forecast, by End user
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Product Type
7.2.5.2.3 Market size and forecast, by Application
7.2.5.2.4 Market size and forecast, by End user
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Product Type
7.2.5.3.3 Market size and forecast, by Application
7.2.5.3.4 Market size and forecast, by End user
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End user
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Product Type
7.3.5.1.3 Market size and forecast, by Application
7.3.5.1.4 Market size and forecast, by End user
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Product Type
7.3.5.2.3 Market size and forecast, by Application
7.3.5.2.4 Market size and forecast, by End user
7.3.5.3 UK
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Product Type
7.3.5.3.3 Market size and forecast, by Application
7.3.5.3.4 Market size and forecast, by End user
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Product Type
7.3.5.4.3 Market size and forecast, by Application
7.3.5.4.4 Market size and forecast, by End user
7.3.5.5 Spain
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Product Type
7.3.5.5.3 Market size and forecast, by Application
7.3.5.5.4 Market size and forecast, by End user
7.3.5.6 Rest of Europe
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Product Type
7.3.5.6.3 Market size and forecast, by Application
7.3.5.6.4 Market size and forecast, by End user
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End user
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Product Type
7.4.5.1.3 Market size and forecast, by Application
7.4.5.1.4 Market size and forecast, by End user
7.4.5.2 China
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Product Type
7.4.5.2.3 Market size and forecast, by Application
7.4.5.2.4 Market size and forecast, by End user
7.4.5.3 Australia
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Product Type
7.4.5.3.3 Market size and forecast, by Application
7.4.5.3.4 Market size and forecast, by End user
7.4.5.4 India
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Product Type
7.4.5.4.3 Market size and forecast, by Application
7.4.5.4.4 Market size and forecast, by End user
7.4.5.5 South Korea
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Product Type
7.4.5.5.3 Market size and forecast, by Application
7.4.5.5.4 Market size and forecast, by End user
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Key market trends, growth factors and opportunities
7.4.5.6.2 Market size and forecast, by Product Type
7.4.5.6.3 Market size and forecast, by Application
7.4.5.6.4 Market size and forecast, by End user
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End user
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Product Type
7.5.5.1.3 Market size and forecast, by Application
7.5.5.1.4 Market size and forecast, by End user
7.5.5.2 Saudi Arabia
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Product Type
7.5.5.2.3 Market size and forecast, by Application
7.5.5.2.4 Market size and forecast, by End user
7.5.5.3 South Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Product Type
7.5.5.3.3 Market size and forecast, by Application
7.5.5.3.4 Market size and forecast, by End user
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Product Type
7.5.5.4.3 Market size and forecast, by Application
7.5.5.4.4 Market size and forecast, by End user
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Thermo Fisher Scientific, Inc.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 ScienCell Research Laboratories, Inc.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Bio-Rad Laboratories, Inc.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Eiken Chemical Co, Ltd.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 EMD (Merck) Millipore
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Hi-Media Laboratories Pvt. Ltd.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Neogen Corporation
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 BioMérieux S. A.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Biokel Scientific
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Danaher Corporation
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Bacterial Cell Culture Market,' the bacterial cell culture market size was valued at $2.8 billion in 2021, and is estimated to reach $5.2 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.Bacterial culture is a process of growing bacteria and to duplicate them in a culture media, in a controlled laboratory environment. Bacterial cell culture technology has different applications such as food testing, water testing, biopharmaceuticals, and disease diagnosis. There has been witnessed a rise in the utilization of the technique by research laboratories, biopharmaceutical companies, diagnostic centers, and academic institutions which is resulting into increased revenue-generation of the bacterial cell culture market.
In addition, factors that drive the growth of the global bacterial cell culture market include rise in usage of bacterial cell culture in animal feed, increase in adoption of bacterial cell culture for food testing, and increase surge in adoption of bacterial cell culture techniques and investments in the R&D activities by the key market players. In addition, rise in prevalence of bacterial infectious diseases, and the subsequent rise in the demand for the diagnostic options, drives the growth of the bacterial cell culture market share.
Furthermore, the new product launches and product approvals by public and private players will provide a lucrative opportunity for the bacterial cell culture market growth. In addition, the key strategies adopted by the companies such as acquisition, agreement, and partnership further propel the growth of the market.
The global bacterial cell culture market is segmented on the basis of product type, application, end user, and region. On the basis of product type, the market is segregated into media, reagents and sera. The media segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to the rise in the demand for different media with special characteristics for the culture preparation as it is the main composition of cell culture.
Depending on application, the bacterial cell culture industry is segmented into disease diagnosis, food testing, water testing, and others. The food testing segment dominated the market in 2021, due to the strict regulations and implications by the government on the quality of the food as it affects the safety of the population. On the other hand, the disease diagnosis segment is expected to grow at the fastest CAGR during the forecast period.
In bacterial cell culture market trends, the end user is categorized into diagnostic centers, food industry, and others. In 2021, the others segment held the largest share of the global bacterial cell culture market and is expected to grow at the highest CAGR during the forecast period. This is mainly due to the rise in the research and development activities carried out by the pharmaceutical and biotechnology companies to develop more advanced biopharmaceuticals and diagnostic options and rise growth in funding for academic & research institutes.
North America acquired the major share of the bacterial cell culture market in 2021, owing to the presence of key players, rise in government initiatives, well-developed healthcare infrastructure, and rise in prevalence of health issues. However, Asia-Pacific is expected to register highest CAGR from 2022 to 2031, owing to rise in bacterial infections in this region and subsequent rise in demand for bacterial cell culture for diagnosis.
KEY FINDINGS OF THE STUDY
By product type, the media segment was the highest contributor to the market in 2021.By application, the food testing segment was the highest contributor to the market in 2021, and the disease diagnosis segment is expected to continue this trend during the forecast period.
By end user, the others segment was highest contributor in 2021.
Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Thermo Fisher Scientific, Inc.
- Sciencell Research Laboratories, Inc.
- Bio-Rad Laboratories, Inc.
- Eiken Chemical Co, Ltd.
- Emd (Merck) Millipore
- Hi-Media Laboratories Pvt. Ltd.
- Neogen Corporation
- Biomérieux SA
- Biokel Scientific
- Danaher Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 273 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 2809.06 million |
| Forecasted Market Value ( USD | $ 5177.67 million |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
