Industrial Microbiology Testing Services Market
PUBLISHED: 2024 ID: SMRC24903
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Industrial Microbiology Testing Services Market

Industrial Microbiology Testing Services Market Forecasts to 2030 - Global Analysis By Test Type (Air Monitoring Tests, Bio-burden Testing , Microbial Limits Testing and Other Test Types), By End User (Agriculture, Cosmetics, Environmental Testing and Other End Users) and By Geography

4.9 (55 reviews)
4.9 (55 reviews)
Published: 2024 ID: SMRC24903

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $3.3 BN

Projected Year Value (2030)

US $7.1 BN

CAGR (2023-2030)

11.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Europe

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Industrial Microbiology Testing Services Market is accounted for $3.3 billion in 2023 and is expected to reach $7.1 billion by 2030 growing at a CAGR of 11.4% during the forecast period. Industrial microbiology testing services involve analysing and assessing microbial contaminants, identifying microorganisms, and evaluating microbial activities in industrial settings. These services aim to ensure product quality, safety and compliance with regulatory standards across various industries such as pharmaceuticals, food and beverages, cosmetics and environmental sectors. By employing microbiological techniques, these services aid in preventing contamination, ensuring process efficiency and maintaining product integrity in industrial operations.

According to food navigator, the sale of natural and organic food & beverages would surpass $300 billion by 2024 and $400 billion by 2030 in the U.S. market.

Market Dynamics: 

Driver: 

Increasing demand for food safety and quality

The rising demand for food safety and quality acts as a significant driver in the industrial microbiology testing services market. As consumers prioritise safe and high-quality food products, industries must comply with stringent regulations. Microbiological testing ensures food products are free from harmful pathogens, contaminants, and spoilage microorganisms, meeting regulatory standards. This increased focus on food safety drives industries like food processing, beverages, and agriculture to engage in microbiology testing services, ensuring the production of safe consumables, thereby bolstering the market for testing services.

Restraint:

High cost of testing

Comprehensive microbial testing involves sophisticated techniques, specialised equipment, and skilled professionals, leading to elevated testing expenses. Industries often face budgetary constraints in allocating resources for rigorous testing protocols, especially for routine and extensive microbiological analyses. The cost-intensive nature of these services creates barriers, particularly for smaller enterprises, hindering their ability to conduct regular and thorough microbiological testing, impacting compliance and potentially limiting market accessibility.

Opportunity:

Growing pharmaceutical and biopharmaceutical industries

The expansion of the pharmaceutical and biopharmaceutical industries presents a significant opportunity in the industrial microbiology testing services market. As these industries grow, there's an elevated need for rigorous microbiological testing to ensure the safety, quality and efficacy of pharmaceutical products. In addition, the demand for testing services spanning microbial identification, sterility testing and environmental monitoring within these sectors creates substantial growth prospects for microbiology testing service providers.

Threat:

Stringent regulatory requirements

Compliance with constantly evolving regulations demands rigorous testing protocols and adherence to quality standards, imposing financial burdens on industries. Meeting these standards necessitates sophisticated testing methodologies and skilled personnel, increasing operational costs. Furthermore, changes in regulatory landscapes can demand additional investments for technology upgrades or method validation, affecting profit margins. The complexity and costliness of compliance can deter smaller enterprises, potentially limiting market accessibility and challenging market growth.

Covid-19 Impact: 

The COVID-19 pandemic significantly influenced the industrial microbiology testing services market. The crisis highlighted the criticality of testing for pathogens, prompting increased demand for microbial testing services, especially in the healthcare, pharmaceutical and food sectors. However, disruptions in supply chains, reduced industrial operations, and financial constraints led to temporary setbacks. Despite initial challenges, the pandemic reinforced the importance of microbiological testing, driving innovation, and strengthening the market.

The water testing segment is expected to be the largest during the forecast period

The water testing segment is projected to be the largest in the industrial microbiology testing services market during the forecast period, owing to growing concerns about water safety and quality, driven by industrial activities and environmental regulations. Stringent monitoring for microbial contaminants, pathogens and waterborne diseases fosters the dominance of water testing services. Moreover, increasing regulations to ensure safe drinking water and heightened awareness about water pollution contribute to the sustained growth of this segment.

The food & beverages segment is expected to have the highest CAGR during the forecast period

The food and beverages segment anticipates the highest growth rate in the industrial microbiology testing services market due to escalating concerns about food safety. Stringent regulations and consumer demand for safe, high-quality food drive the need for rigorous microbiological testing. Additionally, advancements in testing technologies, increased global trade of food products and a heightened emphasis on quality assurance amplify the demand, fostering the segment's rapid growth.

Region with largest share:

Europe is poised to secure the largest market share in the market due to the region's stringent regulatory framework and robust quality standards, which drive the demand for microbiological testing across industries like food, pharmaceuticals and cosmetics. Additionally, a heightened focus on environmental safety and stringent norms for water quality propel the need for microbiology testing services. Strong healthcare infrastructure, technological advancements and a proactive approach to compliance further solidify Europe's dominance in this market.

Region with highest CAGR:

The Asia-Pacific region is poised for substantial growth in the market due to rapid industrialization, urbanisation and an expanding population. Heightened concerns about food safety, increasing awareness of healthcare standards and stringent regulatory measures encourage the adoption of testing services. Moreover, emerging economies' investments in healthcare infrastructure and a growing emphasis on quality assurance across sectors contribute to the region's promising growth prospects in microbiology testing services.

Key players in the market

Some of the key players in Industrial Microbiology Testing Services market AsureQuality, Becton, Dickinson and Company (BD), BioMérieux SA, Bio-Rad Laboratories, Inc., Charles River Laboratories, Eurofins Scientific, Intertek Group plc, LONZA, Merck KGaA, Mérieux NutriSciences, Microbac Laboratories, Inc., Neogen Corporation, NSF International, Pacific BioLabs, Pall Corporation, Qiagen, Sartorius AG, SGS SA and Thermo Fisher Scientific, Inc.

Key Developments:

In September 2023, Eurofins, a leading global testing company with a presence in 61 countries, is thrilled to unveil its latest addition to the network of laboratories: a cutting-edge microbiology laboratory in Columbia, Missouri. This facility is set to revolutionize the field of microbiological testing, catering to the diverse needs of the food, feed, and ingredient industries, as well as providing essential environmental monitoring services. 

In May 2023, Charles River Laboratories International, Inc. announced the launch of Accugenix® Next Generation Sequencing for Bacterial Identification and Fungal Identification (Accugenix® NGS). Accugenix NGS simultaneously sequences millions of individual DNA fragments from a sample and provides key information to pharmaceutical and personal care manufacturers regarding microbial control.

In June 2022, SGS Launches New Microbiology Laboratory in Phoenix, Arizona. The launch of a dedicated Biosafety Level-2 microbiology lab within testing facility in Phoenix, Arizona. Comprising around 4,000 square feet of the 12,000 square feet facility, the new lab will be focused on efficacy testing for hand sanitizers and antibacterial hand soaps. This adds significant additional capacity to our testing capabilities, with studies expected to start in the new lab from June 2022 onwards.

Test Types Covered:
• Air Monitoring Tests
• Bio-burden Testing
• Microbial Limits Testing
• Sterility Testing
• Water Testing
• Other Test Types

End Users Covered:
• Agriculture
• Cosmetics
• Environmental Testing
• Food & Beverages
• Healthcare Facilities
• Pharmaceutical & Biotechnology Companies
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 End User Analysis      
 3.7 Emerging Markets      
 3.8 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Industrial Microbiology Testing Services Market, By Test Type       
 5.1 Introduction      
 5.2 Air Monitoring Tests      
 5.3 Bio-burden Testing      
 5.4 Microbial Limits Testing      
 5.5 Sterility Testing      
 5.6 Water Testing      
 5.7 Other Test Types      
        
6 Global Industrial Microbiology Testing Services Market, By End User       
 6.1 Introduction      
 6.2 Agriculture      
 6.3 Cosmetics      
 6.4 Environmental Testing      
 6.5 Food & Beverages      
 6.6 Healthcare Facilities      
 6.7 Pharmaceutical & Biotechnology Companies      
 6.8 Other End Users      
        
7 Global Industrial Microbiology Testing Services Market, By Geography       
 7.1 Introduction      
 7.2 North America      
  7.2.1 US     
  7.2.2 Canada     
  7.2.3 Mexico     
 7.3 Europe      
  7.3.1 Germany     
  7.3.2 UK     
  7.3.3 Italy     
  7.3.4 France     
  7.3.5 Spain     
  7.3.6 Rest of Europe     
 7.4 Asia Pacific      
  7.4.1 Japan     
  7.4.2 China     
  7.4.3 India     
  7.4.4 Australia     
  7.4.5 New Zealand     
  7.4.6 South Korea     
  7.4.7 Rest of Asia Pacific     
 7.5 South America      
  7.5.1 Argentina     
  7.5.2 Brazil     
  7.5.3 Chile     
  7.5.4 Rest of South America     
 7.6 Middle East & Africa      
  7.6.1 Saudi Arabia     
  7.6.2 UAE     
  7.6.3 Qatar     
  7.6.4 South Africa     
  7.6.5 Rest of Middle East & Africa     
        
8 Key Developments       
 8.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 8.2 Acquisitions & Mergers      
 8.3 New Product Launch      
 8.4 Expansions      
 8.5 Other Key Strategies      
        
9 Company Profiling       
 9.1 AsureQuality      
 9.2 Becton, Dickinson and Company (BD)      
 9.3 bioMérieux SA      
 9.4 Bio-Rad Laboratories, Inc.      
 9.5 Charles River Laboratories      
 9.6 Eurofins Scientific      
 9.7 Intertek Group plc      
 9.8 LONZA      
 9.9 Merck KGaA      
 9.10 Mérieux NutriSciences      
 9.11 Microbac Laboratories, Inc.      
 9.12 Neogen Corporation      
 9.13 NSF International      
 9.14 Pacific BioLabs      
 9.15 Pall Corporation      
 9.16 Qiagen      
 9.17 Sartorius AG      
 9.18 SGS SA      
 9.19 Thermo Fisher Scientific, Inc.      
        
List of Tables        
1 Global Industrial Microbiology Testing Services Market Outlook, By Region (2021-2030) ($MN)       
2 Global Industrial Microbiology Testing Services Market Outlook, By Test Type (2021-2030) ($MN)       
3 Global Industrial Microbiology Testing Services Market Outlook, By Air Monitoring Tests (2021-2030) ($MN)       
4 Global Industrial Microbiology Testing Services Market Outlook, By Bio-burden Testing (2021-2030) ($MN)       
5 Global Industrial Microbiology Testing Services Market Outlook, By Microbial Limits Testing (2021-2030) ($MN)       
6 Global Industrial Microbiology Testing Services Market Outlook, By Sterility Testing (2021-2030) ($MN)       
7 Global Industrial Microbiology Testing Services Market Outlook, By Water Testing (2021-2030) ($MN)       
8 Global Industrial Microbiology Testing Services Market Outlook, By Other Test Types (2021-2030) ($MN)       
9 Global Industrial Microbiology Testing Services Market Outlook, By End User (2021-2030) ($MN)       
10 Global Industrial Microbiology Testing Services Market Outlook, By Agriculture (2021-2030) ($MN)       
11 Global Industrial Microbiology Testing Services Market Outlook, By Cosmetics (2021-2030) ($MN)       
12 Global Industrial Microbiology Testing Services Market Outlook, By Environmental Testing (2021-2030) ($MN)       
13 Global Industrial Microbiology Testing Services Market Outlook, By Food & Beverages (2021-2030) ($MN)       
14 Global Industrial Microbiology Testing Services Market Outlook, By Healthcare Facilities (2021-2030) ($MN)       
15 Global Industrial Microbiology Testing Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)       
16 Global Industrial Microbiology Testing Services Market Outlook, By Other End Users (2021-2030) ($MN)       
17 North America Industrial Microbiology Testing Services Market Outlook, By Country (2021-2030) ($MN)       
18 North America Industrial Microbiology Testing Services Market Outlook, By Test Type (2021-2030) ($MN)       
19 North America Industrial Microbiology Testing Services Market Outlook, By Air Monitoring Tests (2021-2030) ($MN)       
20 North America Industrial Microbiology Testing Services Market Outlook, By Bio-burden Testing (2021-2030) ($MN)       
21 North America Industrial Microbiology Testing Services Market Outlook, By Microbial Limits Testing (2021-2030) ($MN)       
22 North America Industrial Microbiology Testing Services Market Outlook, By Sterility Testing (2021-2030) ($MN)       
23 North America Industrial Microbiology Testing Services Market Outlook, By Water Testing (2021-2030) ($MN)       
24 North America Industrial Microbiology Testing Services Market Outlook, By Other Test Types (2021-2030) ($MN)       
25 North America Industrial Microbiology Testing Services Market Outlook, By End User (2021-2030) ($MN)       
26 North America Industrial Microbiology Testing Services Market Outlook, By Agriculture (2021-2030) ($MN)       
27 North America Industrial Microbiology Testing Services Market Outlook, By Cosmetics (2021-2030) ($MN)       
28 North America Industrial Microbiology Testing Services Market Outlook, By Environmental Testing (2021-2030) ($MN)       
29 North America Industrial Microbiology Testing Services Market Outlook, By Food & Beverages (2021-2030) ($MN)       
30 North America Industrial Microbiology Testing Services Market Outlook, By Healthcare Facilities (2021-2030) ($MN)       
31 North America Industrial Microbiology Testing Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)       
32 North America Industrial Microbiology Testing Services Market Outlook, By Other End Users (2021-2030) ($MN)       
33 Europe Industrial Microbiology Testing Services Market Outlook, By Country (2021-2030) ($MN)       
34 Europe Industrial Microbiology Testing Services Market Outlook, By Test Type (2021-2030) ($MN)       
35 Europe Industrial Microbiology Testing Services Market Outlook, By Air Monitoring Tests (2021-2030) ($MN)       
36 Europe Industrial Microbiology Testing Services Market Outlook, By Bio-burden Testing (2021-2030) ($MN)       
37 Europe Industrial Microbiology Testing Services Market Outlook, By Microbial Limits Testing (2021-2030) ($MN)       
38 Europe Industrial Microbiology Testing Services Market Outlook, By Sterility Testing (2021-2030) ($MN)       
39 Europe Industrial Microbiology Testing Services Market Outlook, By Water Testing (2021-2030) ($MN)       
40 Europe Industrial Microbiology Testing Services Market Outlook, By Other Test Types (2021-2030) ($MN)       
41 Europe Industrial Microbiology Testing Services Market Outlook, By End User (2021-2030) ($MN)       
42 Europe Industrial Microbiology Testing Services Market Outlook, By Agriculture (2021-2030) ($MN)       
43 Europe Industrial Microbiology Testing Services Market Outlook, By Cosmetics (2021-2030) ($MN)       
44 Europe Industrial Microbiology Testing Services Market Outlook, By Environmental Testing (2021-2030) ($MN)       
45 Europe Industrial Microbiology Testing Services Market Outlook, By Food & Beverages (2021-2030) ($MN)       
46 Europe Industrial Microbiology Testing Services Market Outlook, By Healthcare Facilities (2021-2030) ($MN)       
47 Europe Industrial Microbiology Testing Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)       
48 Europe Industrial Microbiology Testing Services Market Outlook, By Other End Users (2021-2030) ($MN)       
49 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Country (2021-2030) ($MN)       
50 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Test Type (2021-2030) ($MN)       
51 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Air Monitoring Tests (2021-2030) ($MN)       
52 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Bio-burden Testing (2021-2030) ($MN)       
53 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Microbial Limits Testing (2021-2030) ($MN)       
54 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Sterility Testing (2021-2030) ($MN)       
55 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Water Testing (2021-2030) ($MN)       
56 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Other Test Types (2021-2030) ($MN)       
57 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By End User (2021-2030) ($MN)       
58 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Agriculture (2021-2030) ($MN)       
59 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Cosmetics (2021-2030) ($MN)       
60 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Environmental Testing (2021-2030) ($MN)       
61 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Food & Beverages (2021-2030) ($MN)       
62 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Healthcare Facilities (2021-2030) ($MN)       
63 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)       
64 Asia Pacific Industrial Microbiology Testing Services Market Outlook, By Other End Users (2021-2030) ($MN)       
65 South America Industrial Microbiology Testing Services Market Outlook, By Country (2021-2030) ($MN)       
66 South America Industrial Microbiology Testing Services Market Outlook, By Test Type (2021-2030) ($MN)       
67 South America Industrial Microbiology Testing Services Market Outlook, By Air Monitoring Tests (2021-2030) ($MN)       
68 South America Industrial Microbiology Testing Services Market Outlook, By Bio-burden Testing (2021-2030) ($MN)       
69 South America Industrial Microbiology Testing Services Market Outlook, By Microbial Limits Testing (2021-2030) ($MN)       
70 South America Industrial Microbiology Testing Services Market Outlook, By Sterility Testing (2021-2030) ($MN)       
71 South America Industrial Microbiology Testing Services Market Outlook, By Water Testing (2021-2030) ($MN)       
72 South America Industrial Microbiology Testing Services Market Outlook, By Other Test Types (2021-2030) ($MN)       
73 South America Industrial Microbiology Testing Services Market Outlook, By End User (2021-2030) ($MN)       
74 South America Industrial Microbiology Testing Services Market Outlook, By Agriculture (2021-2030) ($MN)       
75 South America Industrial Microbiology Testing Services Market Outlook, By Cosmetics (2021-2030) ($MN)       
76 South America Industrial Microbiology Testing Services Market Outlook, By Environmental Testing (2021-2030) ($MN)       
77 South America Industrial Microbiology Testing Services Market Outlook, By Food & Beverages (2021-2030) ($MN)       
78 South America Industrial Microbiology Testing Services Market Outlook, By Healthcare Facilities (2021-2030) ($MN)       
79 South America Industrial Microbiology Testing Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)       
80 South America Industrial Microbiology Testing Services Market Outlook, By Other End Users (2021-2030) ($MN)       
81 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Country (2021-2030) ($MN)       
82 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Test Type (2021-2030) ($MN)       
83 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Air Monitoring Tests (2021-2030) ($MN)       
84 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Bio-burden Testing (2021-2030) ($MN)       
85 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Microbial Limits Testing (2021-2030) ($MN)       
86 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Sterility Testing (2021-2030) ($MN)       
87 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Water Testing (2021-2030) ($MN)       
88 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Other Test Types (2021-2030) ($MN)       
89 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By End User (2021-2030) ($MN)       
90 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Agriculture (2021-2030) ($MN)       
91 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Cosmetics (2021-2030) ($MN)       
92 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Environmental Testing (2021-2030) ($MN)       
93 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Food & Beverages (2021-2030) ($MN)       
94 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Healthcare Facilities (2021-2030) ($MN)       
95 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Pharmaceutical & Biotechnology Companies (2021-2030) ($MN)       
96 Middle East & Africa Industrial Microbiology Testing Services Market Outlook, By Other End Users (2021-2030) ($MN)       

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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