Petri Dish Market To Surpass US$ 180 Million By 2026 - Coherent Market Insights

PETRI DISH MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027

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REPORT DESCRIPTION Petri Dish Market - Overview The Global Petri Dish Market, by Product Type (Glass Petri dish and Polystyrene Petri dish) by End User (Hospitals and Diagnostic labs and Pharmaceutical and Biotech Companies and Research and Academic Institutes) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 155.2 million in 2017, and is projected to exhibit a CAGR of 3.6% over the forecast period (2018 – 2026).

Petri dish are commonly used lab ware which allows growth of microorganism such as bacteria, virus and fungi over culture medium such as Agar in order to perform various application such as diagnosis, research and development etc. Petri dish provides sterile medium, allows visual inspection of the material under study and provide suitable growth environment.

Petri dish has been used as diagnostic tool with culture that confirms presence of particular pathogen (bacteria, fungus and virus). Increased incidence of infectious disease such as urinary tract infection, Tuberculosis, Ebola, sexually transmitted disease, and respiratory disease worldwide are expected to drive petri dish market growth. According to the World Health Organization (WHO), in 2012, around 3,319 deaths were reported due to infectious and parasitic disease in Sub Saharan Africa region. According to the same source, in 2014, Ebola accounted for around 8,000 deaths in this region.

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REPORT DESCRIPTION Increased research and development efforts to fine cure to chronic disease would be another major impetus for growth of petri dish market. Petri dish is significant part of many small procedures in developing new drugs.

Key players in the petri dish market are introducing new type of products in order to cater increasing demand form end-use industries and to diversify product portfolio thereby strengthen the market position. For instance, Millipore-Sigma along with Micro tissue, Inc. Launched 3D petri dish in 2014, which mimic the in vivo environment and reduces animal dependency to test the drug or other sample. This is helpful for drug discovery and other research studies, as many regulatory bodies restricts animal use for clinical trial. European Union I 2009, has banned animal studies for cosmetic drug testing and same trend is expected to be followed in other parts of world.

Cellvate AB offers 3D Nano Matrix cell culture plates, which consists of porous and consistent networks of biocompatible nanofibers. The fibers provide an environment, which mimic the complex surroundings cells experience in their native tissues. Cells in these networks are allowed to proliferate and interact with other cells in three dimensions (3D), in contrast to the monolayer cultures seen on conventional two dimensional (2D) surfaces. This provides life science researchers with more realistic in-vitro models, which can help reduce the number of drug failures in clinical trials and allows for more relevant data and successful research.

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REPORT DESCRIPTION Key Takeaways of the Petri Dish Market: The global petri dish market is expected to exhibit a CAGR of 3.6% over the forecast period, owing to increased research and development in new avenues of medicine such as personalized medicine to cure chronic disease Among product type, glass petri dish segment is expected to dominate the market due to its universal availability, conventional usage, and different variants that has been launched in recent past such as 3 D petri dish and compartmental petri dish.

Among end users, hospital and diagnostic labs segment is expected to account for major share due to rising incidence of infectious disease worldwide, which is propelling demand for diagnostic need.

North America is estimated to hold dominant position in petri dish market, due to presence of major pharmaceutical firms and research in the academic spaces in North America especially in the U.S. Some of the major players operating in petri dish market include Aicor Medical, NEST Biotechnology, Thermo Fisher, Greiner Bio-One, Corning, Phoenix Biomedical, Millipore Sigma, Reinnervate, Narang Medical Limited, Biosigma S.r.l., and Pall Corporation

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