PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437519
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437519
Microbial Identification Market size was valued at USD 3,515 Million in 2023, expanding at a CAGR of 10.5% from 2024 to 2032.
The practice of detecting diseases in mixed microbial populations by analyzing their activity is known as "microbial identification." It entails contrasting a known and an unknown creature before giving the examined species names. It makes use of several methods, including fast pathogen confirmation, repeat-based polymerase chain reaction, riboprinter analysis, and deoxyribonucleic acid (DNA) sequencing. It provides fast, accurate data that aid in the diagnosis of infectious disorders and the prompt adoption of necessary prescription drugs and therapies.
Microbial Identification Market- Market Dynamics
Increasing investments to propel market demand
Over the forecast period, rising funding and investments in microbial identification are expected to propel the market by enabling the quick and accurate identification of bacteria that cause infections. For instance, in November 2021, the Welsh Government plans to invest more than USD 1.27 million to purchase six sophisticated microbiology equipment units that can quickly identify bacteria in a matter of minutes, thereby lowering the risk of sepsis associated with delayed identification. As a result, it is projected that these investments will support market expansion throughout the projected timeframe.
Microbial Identification Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 10.5% over the forecast period (2024-2032)
Based on technology segmentation, the PCR segment dominates the market
Based on application segmentation, the clinical diagnostics sector dominates the market
Based on region, North America was the leading revenue generator in 2023
The Global Microbial Identification Market is segmented based on Product & Services, Technology, Method, Application, End-Use, and Region.
The market is divided into five categories based on technology: microarrays, PCR, mass spectrometry, next generation sequencing and others. The PCR segment dominates the market. Due to the great accuracy, speed, and adaptability of microbe detection and identification. Because PCR allows certain DNA sequences to be amplified, it is extremely sensitive and may find even minute quantities of microbial DNA.
The market is divided into five categories based on application: clinical diagnostics, food & beverage testing, pharmaceuticals, environmental applications and others. The clinical diagnostics sector dominates the market and is likely to maintain its dominance during the forecast period. The increasing occurrence of infectious illnesses is expected to drive the segment's growth. Furthermore, it is anticipated that improvements in molecular biology methods, such as PCR and next-generation sequencing, would greatly boost the efficiency and precision of microbiological identification in medical contexts. It is projected that these developments together with the increased incidence of infectious diseases would spur the expansion of clinical diagnostics markets to become more effective and easily accessible. Thereby, driving the market growth.
Microbial Identification Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market during the forecast period. This is explained by the rising incidence of infectious illnesses, the existence of important industry participants, and a strong healthcare system. The BD Kiestra IdentifA system, an automated platform designed to expedite the microbiology bacterial identification testing sample preparation procedure, received FDA 510(k) clearance in January 2022. Moreover, the adoption of microbial identification techniques to detect and trace microorganisms in food items has increased due to government and regional authorities' growing worries over food safety. For example, as per a June 2022 PubMed article, different federal, state, and municipal agencies have different responsibilities when it comes to creating, implementing, and maintaining food safety laws in the United States. Therefore, maintaining efficient cooperation between all of these organizations is crucial to guaranteeing food safety. Thus, this is expected to drive the market growth in the region.
The prominent players operating in the market are Qiagen N.V., Comp10, ThermoFisher Scientific Inc., Bruker Corporation, Danaher Corporation, bioMerieux SA, Charles River Laboratories, Wickham Micro Limited, VWR International LLC. (Avantor Inc.), Becton, Dickinson and Company, Shimadzu Corporation, Merck KGaA, Eurofins Scientific SE and Biolog Inc. These players perform various strategies to remain competitive in the market including product launch, acquisition, expansion and many others.
In November 2023, to expedite research workflow, QIAGEN launched a comprehensive Sample to Insight workflow specifically designed for microbiome research. This workflow includes DNA extraction kits, bioinformatics analysis, and whole genome metagenomics library preparation.
GLOBAL MICROBIAL IDENTIFICATION MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Qiagen N.V.
Comp10
ThermoFisher Scientific Inc.
Bruker Corporation
Danaher Corporation
bioMerieux SA
Charles River Laboratories
Wickham Micro Limited
VWR International LLC. (Avantor Inc.)
Becton, Dickinson and Company
Shimadzu Corporation
Merck KGaA
Eurofins Scientific SE
Biolog Inc