USD 3.7 billion
Microbial Identification Market Size, Share, Growth Analysis, By Product & Service(Instruments & Software, Consumables [Panels/Id Cards & Media, Kits, Other Consumables]), By Method(Phenotypic Methods, Proteomics-Based Methods, Genotypic Methods), By Technology(Mass Spectrometry-Based Microbial Identification Market, PCR Based Microbial Identification Market, Flow Cytometry Based Microbial Identification Market, Microscopy Based Microbial Identification Market), By Application(Diagnostic Applications [Human Disease Diagnosis, Animal Disease Diagnosis], Pharmaceutical Applications, Food Testing), By End User(Hospitals, Diagnostic Laboratories, and Blood Banks, Pharmaceutical Companies & Contract Research Organizations), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35J2067 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
62
|Figures:
75
Microbial Identification Market Insights
Microbial Identification Market size was valued at USD 4.5 billion in 2022 and is poised to grow from USD 5.06 billion in 2023 to USD 12.89 billion by 2031, growing at a CAGR of 12.40% during the forecast period (2024-2031)
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fully automatic
Fastest Growth
Fully automatic
Growth Rate
12.1% CAGR
Global Microbial Identification Market ($ Bn)
Country Share for North America Region (%)
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Microbial Identification Market Segmental Analysis
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.
Global Microbial Identification Market Size By Product & Service
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Microbial Identification Market Regional Insights
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.
Global Microbial Identification Market Size By Geography
- Largest
- Fastest
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Microbial Identification Market Dynamics
Microbial Identification Market Drivers
Growing Food Safety Concerns
- Rising prevalence of food-borne diseases and infections have increased the need for strict measures for food safety. The regulatory bodies need food producers and manufacturers to adopt stringent microbial testing standards and norms. This demand for strict food safety is driving the growth of the market in the food and beverage industry.
Growth of Clinical Microbiology Laboratories and Government Initiatives
- The rise of clinical labs, mainly in the progressing regions, is among the major market drivers. A greater number of laboratories are focusing on expanding their competencies. This ultimately demands more microbial identification services and products, thus considerably impacting the growth of the market. Also, several health organizations and governments are emphasizing prevention and control of infectious diseases.
Restraints
Complexity Associated with Microbial Identification Processes
- The characterization and identification of microorganisms could be challenging and demand specialized knowledge and proficiency. This complexity may prevent most laboratories and healthcare providers from adopting the improved systems and technologies, mainly in the regions with low availability of resources and poor technical training. These factors may hamper the growth of the market.
Heavy Competition from Traditional Methods
- Traditional techniques for microbial identification like culture-based methods are still prominently used in majority regions in laboratories owing to their well-established efficiency and low price. In the current scenario, the increased dependence on these techniques may considerably hamper the implementation of novel and advanced solutions, thus limiting the growth of the market.
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Microbial Identification Market Competitive Landscape
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
- BioMérieux SA (France)
- Becton, Dickinson and Company (BD) (US)
- Thermo Fisher Scientific Inc. (US)
- Danaher Corporation (US)
- Merck KGaA (Germany)
- Bruker Corporation (US)
- Shimadzu Corporation (Japan)
- Qiagen NV (Netherlands)
- Avantor, Inc. (US)
- Accelerate Diagnostics, Inc. (US)
- Biolog, Inc. (US)
- Liofilchem S.r.l. (Italy)
- Trivitron Healthcare (India)
- Gradian Diagnostics (US)
- Alifax S.r.l. (Italy)
- HiMedia Laboratories (India)
- i2a SA (France)
- Zhuhai DL Biotech Co., Ltd. (China)
- GeneFluidics, Inc. (US)
- Creative Diagnostics (US)
Microbial Identification Market Recent Developments
- In February 2024, BioMérieux, a global leader in in-vitro diagnostics declared strategic collaboration with the U.S. FDA, (OARSA) Offices of Applied Research and Safety Assessment and (ORS) Regulatory Science, (CFSAN) Center for Food Safety and Applied Nutrition to introduce tools that help fight food-borne pathogens. This collaboration will streamline several innovative projects to enhance microbial characterization systems and detection for pathogens that are harmful for foods.
- In November 2023, The University of Oxford partnered with Danaher Corporation for the introduction of novel test to allow precision medicine care dedicated for sepsis. This test will be a pathological immune response to contamination that accounts for one of five global deaths every year.
- In January 2023, BD (Becton, Dickinson and Company) launched a novel robotic track system for BD Kiestra™ microbiology laboratory technology that help automate laboratory sample processing. This could help decrease wait time for outcomes and physical labor.
Microbial Identification Key Market Trends
- Growing Implementation of Rapid Molecular Diagnostics: The growing shift towards molecular diagnostic techniques like next-generation sequencing and PCR is notably changing microbial identification. These techniques offer quick turnaround times and high sensitivity as compared to the conventional culture-based methods. Rapid diagnostics are vital for timely decisions for treatment, mainly in clinics wherein early diagnosis may considerably affect patient results.
- Growth of Point-of-Care Testing: Growing trend has been witnessed in the development of POC (point-of-care) testing technologies for microbial identification. POC tests enable quick results in diverse settings, comprising emergency departments, clinics, and remote areas. This trend resolves the need for effective management of infectious diseases. User-friendly devices are currently under development that confirm easy usage and accessibility.
Microbial Identification Market SkyQuest Analysis
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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Microbial Identification Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Microbial Identification Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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