The microbial identification global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Microbial Identification Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The microbial identification market size has grown rapidly in recent years. It will grow from $4.82 billion in 2023 to $5.57 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to government initiatives and funding for promoting microbial identification, growing FDA approvals, growing health awareness among people.
The microbial identification market size is expected to see rapid growth in the next few years. It will grow to $9.92 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to growing food safety concerns, rising incidence of infectious diseases and increasing frequency of pandemics. Major trends in the forecast period include technological advancements in microbial identification methods, continuous advancements in automation, molecular diagnostics, and genomics, partnerships.
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Scope Of Microbial Identification Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Microbial Identification Market Overview
Market Drivers –
The rising prevalence of infectious diseases is expected to propel the growth of the microbial identification market going forward. Infectious diseases are illnesses caused by pathogenic microorganisms such as bacteria, viruses, fungi, parasites, or prions. Infectious diseases occur due to climate change, environmental disruption, antimicrobial resistance, weakened immune systems, and ecological disturbances. Microbial identification is essential for accurate diagnosis, targeted treatment, disease surveillance, outbreak control, and antimicrobial stewardship in managing infectious diseases. For instance, according to the gov. uk, a UK-based public sector information website, in England, there were 3,805 new HIV diagnoses in 2022, marking a 22% increase from the 3,118 cases reported in 2021 and a 26% rise from the 3,026 cases reported in 2020. Therefore, the rising prevalence of infectious diseases drives the microbial identification market.
Market Trends –
Major companies operating in the microbial identification market are developing mass spectrum technology to enhance the accuracy and speed of identifying microorganisms, which is crucial for clinical diagnostics, environmental monitoring, and food safety applications. Mass spectrum technology enables quick and reliable identification of microorganisms down to the species level within minutes, offering a cost-effective and efficient alternative to traditional biochemical assays and sequencing methods. For instance, in January 2021, Bruker, a US-based manufacturer of microbial identification, launched an MS-based rapid microbial identification kit to meet the latest distribution requirements. This kit represents a significant advance in microbial identification, as MALDI-TOF MS has recently become the standard in clinical microbiology laboratories. It enables faster, more efficient, and cost-effective analysis than conventional biochemical assays or sequencing.
The microbial identification market covered in this report is segmented –
1) By Products And Services: Instruments, Consumables, Services
2) By Methods: Phenotypic Methods, Proteotypic Methods, Genotypic Methods
3) By Application: Diagnostic Application, Environmental Application, Food and Beverages Testing, Pharmaceutical Application, Other Applications
4) By End User: Pharmaceutical And Biotechnology Industry, Food And Beverage Industry, Water And Environment Industry, Independent Research Laboratories, Diagnostic Laboratories, Hospitals, Other End Users
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Regional Insights –
North America was the largest region in the microbial identification market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the microbial identification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the microbial identification market are Merck & Co. Inc., Sanofi S A, ThermoFisher Scientific Inc., Danaher Corporation, Siemens Healthineers, Becton, Dickinson and Company, Avantor Inc., Eurofins Scientific Corporation, Beckman Coulter Inc., VWR International LLC, Charles River Laboratories International Inc., Perkinelmer Inc., Wickham Micro Limited, Bruker Corporation, BioMerieux S.A., Biolog Inc., Liofilchem S.r.l, BioMérieux SA , Shimadzu Corporation, Scenker Biological Technology Co. Ltd
Table of Contents
1. Executive Summary
2. Microbial Identification Market Report Structure
3. Microbial Identification Market Trends And Strategies
4. Microbial Identification Market – Macro Economic Scenario
5. Microbial Identification Market Size And Growth
…..
27. Microbial Identification Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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