USD 3.7 billion
Report ID:
SQMIG35J2067 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
62
|Figures:
75
Microbial Identification Market size was valued at USD 5.06 Billion in 2023 and is poised to grow from USD 5.69 Billion in 2024 to USD 14.49 Billion by 2032, growing at a CAGR of 12.40% during the forecast period (2025-2032).
The microbial identification market is an important segment in the broader domain of diagnostics and microbiology. The leading drivers of the market include the growing prevalence of infectious diseases, improvements in molecular diagnostics, and rising awareness and backing for infectious disease control. The growing cases of infectious diseases impacted by factors like growing globalization, urbanization, and climate change have resulted in increased demand for microbial identification technologies. Advancements in molecular diagnostics like NGS, PCR, and mass spectrometry have improved the accuracy and speed of microbial identification, fueling the market growth. Furthermore, several health organizations and governments are actively focusing on the significance of controlling and monitoring infectious diseases, resulting in resources and funding for microbial identification initiatives.
Nevertheless, the market is expected to be hindered by factors like high initial investment, complexity associated with microbial identification, and regulatory challenges among others. The operational cost and initial investment of improved microbial identification solutions may be high, thus refraining small labs and medical facilities from adopting them. Also, the complex nature of the process of microbial identification may need expertise training. This could create implementation challenges in mainly the developing regions. In addition, stringent regulatory needs for microbial identification and testing may restrain the growth of the market, mainly for novel products and technologies. Yet, the market is anticipated to grow progressively due to opportunistic factors like the growth of POC testing, allowing speedy diagnostics and infection treatment, incorporation of AI for better accuracy, and rising demands in the emerging markets in the research and diagnostics domain.
US Microbial Identification Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.7 billion
Largest Segment
Fully automatic
Fastest Growth
Fully automatic
Growth Rate
12.1% CAGR
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Global Microbial Identification Market is segmented by Product & Service, Method, Technology, Application, End User, and region. Based on Product & Service, the market is segmented into Instruments & Software, Consumables, and Services. Based on Method, the market is segmented into Phenotypic Methods, Proteomics-Based Methods, and Genotypic Methods. Based on Technology, the market is segmented into Mass Spectrometry-Based Microbial Identification Market, PCR Based Microbial Identification Market, Flow Cytometry Based Microbial Identification Market, Microscopy Based Microbial Identification Market, and Other Microbial Identification Technologies. Based on Application, the market is segmented into Diagnostic Applications Pharmaceutical Applications, Food Testing, Beverage Testing, Cosmetics and Personal Care Products Testing, Environmental Applications, and Other Applications. Based on End User, the market is segmented into Hospitals, Diagnostic Laboratories, and Blood Banks, Pharmaceutical Companies & Contract Research Organizations, Food Manufacturing Companies, Beverage Manufacturing Companies, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Microbial Identification Market Analysis by Product & Service
Based on product & service, the microbial identification market is categorized into instruments, consumables, and software & services. The consumables segment held a notable market share in 2023 and is projected to continue dominance in the future as well owing to higher usage rates, important for operations, and variety and innovations. Consumables like culture media, reagents, and kits are frequently used in diverse diagnostics and tests. This notably drives the demand for microbial identification. They are vital for the functioning of laboratories and diagnostics systems, increasing their significance for microbial identification procedures. Also, current advancements in consumables like specificity and enhanced sensitivity are catering to unique testing needs, impacting the segment appeal.
On the other hand, the software & services segment held a notable share of the market in the previous years and is expected to lead over the forecast period as well owing to the integration of improved technologies, demand for advanced technologies, and heavy demand for automation. Software solutions, comprising data interpretation and analysis tools, improve functionality of microbial identification technologies, increasing their user-friendliness and efficiency. Growing automation in labs is also driving the need for software solutions that enhance accuracy, simplify workflows, and decrease microbial identification processes. Also, the growth of molecular diagnostics and genomics has increased the importance of developed software for the study of complex data and offering actionable insights.
Microbial Identification Market Analysis by Application
Based on application, the market is segmented into diagnostic applications, pharmaceutical applications, food & beverage testing, cosmetics and personal care products testing, environmental applications, and other applications. The diagnostic applications segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to increased demand for the detection of infectious diseases, vital role in patient management, and supportive regulations. The rising cases of infectious diseases are majorly driving the demand for timely and accurate solutions in clinics. Precise and rapid microbial identification is important for effective decisions for treatment. This aids providers to reduce mortality and manage infections effectively. Regulatory agencies also focus on the significance of diagnostics in controlling such diseases, thus increasing resources and funding in the domain.
On the other hand, the food & beverage testing segment will hold a remarkable market share in the coming years owing to increasing food safety concerns, regulatory compliance, and advancements in rapid testing technologies. Growing awareness of food-borne contamination and illnesses is majorly fueling the need for effective microbial testing for optimal food safety and regulatory compliance. Strict standards and regulations by health organizations and governments are increasing the importance and demand for microbial testing in the food and beverage industry, thus impacting the segment’s growth. Improvements in rapid testing techniques and technologies improve accuracy and efficacy of microbial identification, increasing their significance among food manufacturers.
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Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to developed healthcare infrastructure, robust R&D, and growing cases of infectious diseases. The region holds well-established healthcare facilities and services, and a notable concentration of labs equipped with superior technologies for microbial testing. Regional growth is also impacted by major investments by academic and private companies that drive innovations in microbial identification technologies. Furthermore, the growing incidences of infectious diseases and rising awareness of antimicrobial resistance is impacting the need for more effective solutions. The key players profiled in the region include Becton, Dickinson and Company (BD), Thermo Fisher Scientific Inc., Danaher Corporation, Bruker Corporation, Accelerate Diagnostics, Inc., and more.
Asia-Pacific is the fastest-growing region in the global microbial identification market due to the increasing healthcare investments, growing prevalence of diseases, and increased awareness for antimicrobial resistance. Most nations in Asia-Pacific are focusing on investing in healthcare diagnostics and infrastructure. This will increase access to improved solutions for microbial identification. The growing burden of infectious diseases impacted by population growth and urbanization is significantly demanding efficient microbial diagnosis. Furthermore, there is a growing recognition and emphasis of the demand for fighting antimicrobial resistance. This triggers healthcare organizations and the governments to highlight microbial monitoring and identification. These factors are propelling regional growth.
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Microbial Identification Market Drivers
Growing Food Safety Concerns
Growth of Clinical Microbiology Laboratories and Government Initiatives
Restraints
Complexity Associated with Microbial Identification Processes
Heavy Competition from Traditional Methods
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The global microbial identification market presents a mix of several emerging ad well-established players, each engaged in offering diverse services and technologies. Thermo Fisher Scientific, bioMérieux, BD (Becton, Dickinson and Company), Bruker Corporation, and QIAGEN are focusing on offering advanced reagents and systems, taking initiatives for speedy microbial identification, and offering tools and technologies for microbial identification. A greater number of players are also seen to be investing in R&D to introduce more efficient solutions, while others are seen to target the developing regions. Overall, the ongoing market is progressing with improvements in molecular diagnostics and changing market demands, thus shaping development strategies of players.
Microbial Identification Market Top Player’s Company Profiles
Microbial Identification Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the microbial identification market is considerably progressing due to the rising awareness for infectious disease control, growing concerns regarding food-borne diseases and contamination, and the growth of clinical microbiology laboratories. Furthermore, the market is propelled by the rising cases of infectious diseases that demand microbial identification solutions. However, the market is hampered by the growing competition from traditional identification techniques and the complex nature of microbial identification procedures. North America is anticipated to lead the market due to the presence of a large number of players, supportive regulatory bodies, and a higher prevalence of infectious diseases. Nonetheless, a few opportunities for the growth of the microbial identification market include growing research and development in AMR (antimicrobial resistance) and strategic collaborations among companies.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.5 billion |
Market size value in 2031 | USD 12.89 billion |
Growth Rate | 12.40% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Microbial Identification Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Microbial Identification Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Microbial Identification Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Microbial Identification Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35J2067
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