Microbial Identification Market Research Report Growing Demand, Business Opportunities, Competitive Analysis and Forecast Outlook 2022 to 2032

BySanket Badgujar
Market Research

The global Microbial Identification Market is anticipated to reach a value of US$ 3.7 billion in 2022 and to grow at a CAGR of 11.3% from 2022 to 2032, reaching a value of about US$ 10.7 billion by 2032. One of the main factors propelling the microbial identification market is the rising demand for microbial identification products across a variety of end-user industries, such as pharmaceutical and biotechnology, food and beverage, water and environment, diagnostic laboratories, and independent research laboratories.

An exclusive forecast report on the global market for microbial identification was recently released by Future Market Insights. Future developments in microbial identification systems will be influenced by advancements in the methods used by microbiologists to identify pathogens and examine microbial cultures. The critical application of microbial identification in applied research projects, from healthcare to food and beverage, will continue to fuel the expansion of the global microbial identification market. Microbial identification systems are anticipated to reach a global market size of US$1.4 billion by the end of 2022. The global market for microbial identification is expected to grow rapidly, at a 6% CAGR, from 2017 to 2022. Numerous factors affecting the dynamics of the microbial identification markets in various regions have been examined in the report.

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Key Findings from the Report

  • In 2017, over two-fifth of revenues anticipated to be procured in the global microbial identification market will be accounted by sales of bacterial identification systems
  • Towards the end of forecast period, global sales of microbial remuneration systems will procure an estimated US$ 310 million in revenues
  • Throughout the forecast period, bacterial resistance identification systems will represent the fastest-selling product in the overall microbial identification market
  • Pharmaceuticals and biotechnology industry will remain the largest end-user of microbial identification by 2022
  • The end-use of microbial identification systems in water and environment sector will remain steady in 2017 and the following years
  • Between 2017 and 2022, the end-use of microbial identification across independent research laboratories in the world is anticipated to create an incremental opportunity of more than US$ 50 million
  • In 2017 and beyond, the use of microbial identification methods in blood banks will be subpar
  • Diagnostics remains to be a key application for microbial identification, revenues from which are anticipated to register above-average growth
  • While detection of harmful microbes is viewed as a necessary measure for bolstering quality control in production of food items and drinks, the application of microbial identification in food & beverage testing will register a moderate CAGR in terms of revenues over the forecast period
  • On the basis of technologies, phenotypic microbial identification methods are anticipated to remain predominant in terms of adoption, albeit, genotypic technologies will register a marginally high CAGR during the assessment period

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The report has further profiled companies that will be actively manufacturing microbial identification systems in the global market. Key players in the global microbial identification market include, Bruker Corporation, Danaher Corporation, Thermo Fisher Scientific, Inc., Shimadzu Corporation, Siemens Healthineers, QIAGEN N.V., Merck & Co Inc., bioMerieux S.A., Becton, Dickinson and Company, and Biolog, Inc. Many of these companies are expected to focus on developing microbial identification systems that befit the advancements in the field of medical microbiology. Specific requirements of microbiologist working in leading microbial identification projects will also influence the manufacturing techniques exercised by these companies.

North America to register steadfast adoption of microbial identification

A key discernment from the regional analysis delivered in the report exhibits the dominance of North America in the global microbial identification market. Considering how healthcare marketplaces in the US and Canada are robust, compared to other developed markets, and taking into account the rising contribution of North American academic institutes in developing research studies of medical microbiology, the adoption of microbial identification systems will be widespread in this region. Towards the end of forecast period, North America’s microbial identification market will be worth around half a billion dollars, soaring robustly at a CAGR of 6.4%. Europe and Asia-Pacific excluding Japan (APEJ) will also be observed as lucrative markets for expansion of microbial identification.

Market Taxonomy

The taxonomy of global microbial identification market has been precisely illustrated in the table below:

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Product Type

  • Bacterial Identification Systems
  • Microbial Enumeration Systems
  • Bacterial Resistance Identification Systems
  • Microbiology Analyzers
  • Parasitology Analyzers

End User

  • Pharmaceutical and Biotechnology Industry
  • Food and Beverage Industry
  • Water and Environment Industry
  • Independent Research Laboratories
  • Diagnostic Laboratories
  • Blood Banks

Application

  • Diagnostic Application
  • Environmental Application
  • Food and Beverages Testing
  • Pharmaceutical Application
  • Others

Technology

  • Phenotypic Methods
  • Genotypic Methods