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 share. 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.
Covid-19 Impact:
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 Market?
Microbial identification represents the procedures of identifying pathogens in mixed microbial communities by analyzing their behavior. They can be of various types, such as phenotypic methods, genotypic methods, proteomics-based methods, etc., and involve the usage of multiple technologies that include mass spectrometry, flow cytometry, microscopy, etc. Microbial identification procedures aid in diagnosing infectious diseases and ensure the timely adoption of required therapies and medications. They even allow the detection of specific proteins, gene sequences of microorganisms, and biochemical activities of the target cells. Consequently, microbial identification techniques find extensive applications across numerous sectors, such as diagnostics, food and beverage testing, pharmaceuticals, cosmetics, and personal care products testing, etc.
What are the key factors driving the Microbial identification Market?
The growing prevalence of contagious illnesses caused by microorganisms is primarily driving the microbial identification market. Moreover, the inflating investments by pharmaceutical companies in the study of bacteria, parasites, fungi, and microbes to facilitate drug development are also positively influencing the global market. Apart from this, the escalating food safety concerns around the globe and the elevating use of microbial identification techniques to identify food spoilage contaminants, help retain the flavor and authenticity of processed food products, and improve shelf life are further stimulating market growth.
In addition to this, the rising advancements in the field of microbiology and microbial identification equipment and the implementation of several stringent policies by government bodies aimed at preventing the spread of communicable ailments are acting as significant growth-inducing factors. Besides this, the increasing improvement in the healthcare infrastructure, especially in developing countries, is anticipated to fuel the microbial identification market in the coming years.
The report has segmented the market on the basis of Products and Services, Technology, Method, Application, Region industry.
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
Breakup by Region:
- 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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