Microbial Identification Market – By Product and Services (Instrument [PCR, Mass Spectrometer], Consumable, Software, Service), Method (Phenotypic, Genotypic), Application (Clinical Diagnostics, Pharmaceuticals), End-use – Global Forecast (2024 – 2032)
Report ID: GMI9221
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Published Date: April 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 13
Tables & Figures: 300
Countries covered: 23
Pages: 230
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Microbial Identification Market Size
Microbial Identification Market size was valued at around USD 4.2 billion in 2023 and is estimated to grow at 8.8% CAGR from 2024 to 2032. Microbial identification is the process of determining the specific type or species of microorganisms present in a given sample. This involves identifying bacteria, viruses, fungi, parasites, or other microscopic organisms based on their unique characteristics such as morphological features, biochemical properties, genetic composition, or antigenic profiles.
The goal of microbial identification is to accurately classify microorganisms to understand their role in various contexts including disease diagnosis, environmental monitoring, food safety, pharmaceutical development, and biotechnology applications. The increasing prevalence of infectious diseases such as bacterial infections, viral infections, parasitic infections, etc. in microbial identification is significant driving factor for the market.
For instance, in 2022 World Health Organization (WHO) estimated that 254 million people were living with chronic hepatitis B infection, with 1.2 million new infections. During the year, hepatitis B caused an estimated 1.1 million deaths, due to complications such as cirrhosis and hepatocellular carcinoma (primary liver cancer). Thus, these underscore the critical need for advanced microbial identification solutions to effectively diagnose, treat, and prevent such infections.
Furthermore, rising technological advancements, growing awareness and screening programs, and increasing awareness about food safety, are the contributing factors stimulating the growth of the market.
Microbial Identification Market Trends
The ongoing progression of technological advancements has instigated a significant transformation in the market fundamentally reshaping the way microorganisms are detected and characterized. These advancements have provided researchers and healthcare professionals with a wide range of innovative tools and methods, facilitating more precise identification and comprehensive characterization of microorganism.
Microbial Identification Market Analysis
Based on product and services, the market is divided into instruments, consumables, software, and services. The instruments segment is bifurcated into mass spectrometers, PCR systems, microarrays, and other instruments. Further, the consumables segment is divided into reagents & kits and plates & media. The consumables segment is estimated to account for 3.5 billion by 2032.
Based on method, the microbial identification market is bifurcated into phenotypic methods, genotypic methods, and proteotypic methods. The genotypic methods segment accounted for USD 960.9 million in 2023.
Based on application, the microbial identification market is segmented into clinical diagnostics, pharmaceuticals, cosmetic and personal care product testing, food and beverage testing, environmental application, and other applications. The clinical diagnostics segment is estimated to account for USD 2 billion by 2032.
Based on end-use, the microbial identification market is classified into pharmaceutical and biotechnology companies, hospitals and diagnostic laboratories, food testing laboratories, and other end-users. The hospitals and diagnostic laboratories segment accounted for USD 1.3 billion in 2023.
The U.S. microbial identification market is anticipated to grow at CAGR of 8.5% during the analysis timeframe.
The UK is anticipated to witness robust growth in the global microbial identification market.
China microbial identification market is anticipated to witness lucrative growth between 2024 – 2032.
South Korea microbial identification market is expected to grow significantly over the years.
Microbial Identification Market Share
The microbial identification industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products and services based on different technologies is among a key market strategy. Some of the leading industry players have a notable presence in the market.
Microbial Identification Market Companies
Some of the eminent market participants operating in the microbial identification industry include:
Microbial Identification Industry News:
The microbial identification market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Product and Services
Market, By Method
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries: