IMARC Group has recently released a new research study “Microbial Identification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of microbial identification market?
The global microbial identification market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 8.3 Billion on by 2028, exhibiting a growth rate (CAGR) of 11.48% during 2023-2028.
What is the Microbial Identification?
Microbial identification is the method of identifying pathogens in mixed microbial communities by monitoring their behavior. It involves comparing a known organism with an unknown one and eventually providing names to the analyzed species. It uses several methods, including repeat-based polymerase chain reactions, rapid pathogen confirmation, and deoxyribonucleic acid (DNA) sequencing. It allows the detection of gene sequences of microorganisms, biochemical activities of the target cells, and specific proteins. As a result, microbial identification finds extensive applications in microbiological quality control at academic research centers, production facilities, and food processing units across the globe.
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What are the key factors driving the microbial identification Market?
The global microbial identification market is primarily driven by the rising prevalence of infectious diseases caused by microorganisms. Moreover, extensive investments in the pharmaceutical industry to finance innovation in drug development due to the increasing study of bacteria, parasites, fungi, and microbes are positively influencing the market growth. Additionally, microbial identification techniques improve the shelf life of processed foods while maintaining their authenticity and flavor.
In line with this, the rising food safety concerns have augmented the demand for microbial identification. Furthermore, several advancements in microbiology and microbial identification equipment are contributing to market growth. Other factors, including favorable government initiatives to prevent the spread of infectious diseases, rising expenditure on the healthcare industry, and inflating consumer disposable incomes, are also anticipated to create a positive market outlook.
Who are the key players/companies in the global microbial identification market?
Beckman Coulter Inc. (Danaher Corporation), Biolog Inc., BioMerieux SA, Bruker Corporation, Charles River Laboratories International Inc., Eurofins Scientific SE, Liofilchem S.r.l, Merck KGaA, Shimadzu Corporation, Thermo Fisher Scientific Inc., VWR International LLC. (Avantor Inc.) and Wickham Micro Limited.
| Global Microbial identification Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2022 | US$ 4.1 Billion |
| Market forecast in 2028 | US$ 8.3 Billion |
| Growth Rate | CAGR of 11.48% from 2023 to 2028 |
| Base year for estimation | 2022 |
| Historical data | 2017-2022 |
| Forecast period | 2023-2028 |
| Report coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends |
| Segments covered | Products And Services, Technology, Method And Application |
| Regional scope | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Key companies profiled | Beckman Coulter Inc. (Danaher Corporation), Biolog Inc., BioMerieux SA, Bruker Corporation, Charles River Laboratories International Inc., Eurofins Scientific SE, Liofilchem S.r.l, Merck KGaA, Shimadzu Corporation, Thermo Fisher Scientific Inc., VWR International LLC. (Avantor Inc.) and Wickham Micro Limited. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Click here to view detailed information with table of content: https://www.imarcgroup.com/microbial-identification-market
Breakup by Products and Services:
Instruments and Software
Consumables
Panels/ID Cards and Media
Kits
Others
Services
Breakup by Technology:
Mass Spectrometry
PCR
Flow Cytometry
Microscopy
Others
Breakup by Method:
Phenotypic Methods
Genotypic Methods
Proteomics-Based Methods
Breakup by Application:
Diagnostics
Food and Beverage Testing
Pharmaceuticals
Cosmetics and Personal Care Products Testing
Others
By Geography:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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