According to the latest report by IMARC Group, titled “Microbial Identification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global microbial identification market growth. The report also includes competitor and regional analysis, and contemporary advancements in the 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
For the competitor segment, the report includes global key players of the 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.
The report has segmented the market on the basis of Services, Technology, Method, Application & Region.
Breakup by Products and Services:
Breakup by Technology:
Breakup by Method:
Breakup by Application:
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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