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Microbial Identification Market: Complex regulatory frameworks that delay the approval of new microbial diagnostic tests

The global microbial identification market size is estimated to be USD 3.2 billion in 2020 and projected to reach USD 5.7 billion by 2025, at a CAGR of 12.2%.

· Biotechnology,Healthcare,Pharmaceuticals,Medical Devices,Healthcare IT

 

The market research studyinvolved the extensive use of secondary sources, directories, and databases toidentify and collect information useful for this technical, market-oriented, and financial study of the global microbial identification market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and to assess market prospects. The size of the Microbial identification services market was estimated through various secondary research approaches and triangulated with inputs from primary research to arrive at the final market size. 

Major MarketGrowth Drivers:

Growth in Microbial IdentificationMarket is largely driven by the rising incidence of infectious diseases and theincreasing frequency of pandemics, technological advancements, increasing food safety concerns, and increasing government initiatives and funding to detect and control antimicrobial-resistant species. 

Revenue Growth Analysis:

[220 Pages Report] The global microbial identificationmarket size isestimated to be USD 3.2 billion in 2020 and projected to reach USD 5.7 billionby 2025, at a CAGR of 12.2%.  

Browse and in-depthTOC on" Microbial Identification Market" 

261 – Tables

33 – Figures

220 – Pages

By the consumables segment, the panels/ID cards& media segment accounted for the largest share of the microbialidentification market in 2019.  

On thebasis of product & service type, the consumables market is segmented intopanels/ID cards & media, kits and other consumables. In 2019, panels/ID cards & media accounted for the largest share of the consumables segment. Panels, ID cards, and media enable the easy and rapid identification of microorganisms and is a key factors driving market growth

Bytechnology, the mass spectrometry segment accounted for the largest share ofthe microbial identification market in 2019.  

On the basis of technology, the Microbialidentification services market is categorized into five technologysegments— mass spectrometry, PCR, flow cytometry, microscopy, and othermicrobial identification technologies. The mass spectrometry segment accounted for the largest share in 2019, due to its high speed, high specificity, and applicability for a wide range of microorganisms such as bacteria, archaea, and fungi. The rising adoption of MALDI-TOF technology for microbial identification is another major factor supporting market growth. 

NorthAmerica accounted for the largest share of the Microbial identificationservices market in 2019.  

In 2019, North America accounted for thelargest share of the overall Microbial identification services market, followedby Europe. Technological advancements in microbial identification, increasing prevalence of infectious diseases, growing food safety concerns, and the presence of prominent players are the major drivers of the North American market. 

To speak to ouranalyst for a discussion on the above findings, click Speak to Analyst 

Key Market Players:

The key players operating in theglobal Microbial identification services market are bioMérieux SA(France), Becton, Dickinson and Company (US), Thermo Fisher Scientific Inc.(US), Danaher Corporation (US), Merck KGaA (Germany), Bruker Corporation (US), Shimadzu Corporation (Japan), QIAGEN NV (Netherlands), Avantor, Inc. (US), and Biolog, Inc. (US) 

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