Global Microbial Identification Market

Microbial Identification Market Insights

The stellar developments in the field of microbiology have assisted in the growth of microbial identification on a global scale. Microbial identification is a scientific technique of precise and definite detection of harmful bacteria, fungi, and other pathogens that have the capability to contaminate manufacturing facilities, raw materials, and branded products. The technique is adopted by healthcare, clinical settings, and environmental studies for disease diagnosis, infection treatment, and identification of epidemic diseases associated with microbial infections. Food safety, microbial forensic, crime detection and investigation, identification of bioterrorism, and other environment-related studies are some of the other applications of microbial identification techniques. Furthermore, studies of various organisms have promoted innovations in the field of drug development.

According to statistical studies, the microbial identification market is projected to take off the market growth at a CAGR of 6.5% into the conjecture period of 2020-2026. Increasing infectious diseases, advancement in technological research, and raising concerns related to food safety are the factors boosting the microbial identification market in recent times. Government involvement in raising funds to create a better research environment and increasing end-users such as medicine, healthcare, and pharmaceutical industries demand for the adoption of microbial identification techniques is expected to build up the market in the aforementioned period.

Countries like the US, India, and China have the largest COVID-19 positive cases and these countries are known to hold the major manufacturers of the instruments and consumables required for microbial identification. However, due to sudden lockdown, the sale of these products is restricted and has shown a major drop in the market share of microbial identification on a global scale.

Microbial Identification Market: By Product & Service

Consumables, instruments, and software and services are the product & services offered by the microbial identification market. The consumables market is further bifurcated into plates, reagents and kits, and others. Among all the mentioned segments the consumable market is expected to show the largest market of products & services in upcoming years. This segment is quick and easy for the identification of the microorganism which is the prime factor predicated to raise its market share between 2020-2026. However, the instruments and software are estimated to grow at the fastest rate owing to upgrading in technology in the research sectors.

Microbial Identification Market: By Technology

The technologies involved in microbial identification are mass spectrometry, PCR, flow cytometry, and microscopy among others. High speed, high specificity, and wide range of applications in a microorganism such as fungi, bacteria, and archaea are the drivers associated with mass spectrometry. These factors have made it to be the largest market share segment in the technology parameter.  The increased adoption rate of MALDI-TOF technology is another factor creating opportunities for the mass spectrometry segment in the microbial identification market. 

Microbial identification Market: By End-user

Hospitals, blood banks, pharmaceutical companies,  others are the bifurcations of the microbial identification market.  Diagnostic laboratories, hospitals, and blood banks built the largest revenue in the past recent years owing to the high persistence levels of different infectious diseases in addition to the repeated outbreak of pandemics.

Microbial identification Market: By Region

North America is the largest revenue builder of this market followed by Europe.  An increase in the prevalence of the disease and growing development in microbial identification techniques are the factors propelling the region's market. Also, the presence of key players and raising concerns towards food safety is adding values to the growing opportunities of the entire microbial identification market.

The Asia Pacific is expected to grow at the fastest rate in the coming years owing to increasing healthcare infrastructure, an increasing percentage of infectious disorders, and increasing investments by the key players.

Microbial identification Market Share and Competitor Analysis

The key players operating in the market include bioMérieux SA, Becton, Dickinson, and Company, Biolog, Inc., Avantor, Inc., QIAGEN NV, Shimadzu Corporation, Bruker Corporation, Merck KGaA, Danaher Corporation, and Thermo Fisher Scientific Inc., among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In October 2020, bioMérieux collaborated with the Africa Medical Supplies Platform(AMSF), AMFP is a digital platform for the provides critical diagnostic and medical equipment and consumables for COVID-19. The partnership is done to facilitate the supply of supreme quality of COVID-19 diagnostics.

In July 2020, bioMérieux launched a new product, BIO FIRE MYCOPLASM.

Check the Press Release on Global Microbial Identification Market Report