Updated: Jun 12
A report released and summarized on farmheweb.com shows that the impact of COVID-19 will have a lasting affect on the percentage of GDP that microbiology Technologies will take up in the US. The impact of COVID-19 on industries, including the microbiology industry, will not be limited to the biotechnology field alone. Other peripherally related industries, such as those specializing in air filtration systems, microbial detection systems, air monitoring systems, and more, are expected to more than double in value as a direct result of the pandemic. This includes the significant growth and demand for technologies and solutions in response to COVID-19 and the microbiology industry. According to the report the global industrial microbiology market is estimated to double in value within the next decade. More than 33% of the value in the microbiology segment comes from companies which specialize in microbial sterility testing. Sterility is of the utmost importance in many I'm a circle and food companies. Mentioned in the article is the fact that microbial contamination of foods as well as products such as nasal solutions, eyedrops, and drugs can be prevented with the help of certain microorganisms.
According to the World Health Organization, sterility is a globally relevant endeavor, as bacteria and viruses are involved in millions of deaths every year all over the world due to the fact that these organisms can cause thousands of different types of diseases and infections, including cancer. In other words, it looks like now is the time to start a microbiology company! Reference: CDN Newswire with PharmiWeb. Industrial microbiology market estimated to exceed 20,227.1 Million by 2027. (Oct 8, 2020). https://www.pharmiweb.com/press-release/2020-10-08/industrial-microbiology-market-estimated-to-exceed-us-20-2271-million-by-2027-cagr-84-cohere
Image credit: Smithsonian Museum