PUBLISHER: Lucintel | PRODUCT CODE: 1387491
PUBLISHER: Lucintel | PRODUCT CODE: 1387491
Microbial Identification Trends and Forecast
The future of the global microbial identification market looks promising with opportunities in the diagnostic, food & beverage testing, pharmaceutical, cosmetics & personal care product testing markets. The global microbial identification market is expected to reach an estimated $6.8 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are increasing prevalence of infectious diseases, rising food safety concerns, and advancement in technology in microbial identification.
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Microbial Identification by Segment
The study includes a forecast for the global microbial identification by products and services, technology, method, application, and region.
Microbial Identification Market by Products and Services [Shipment Analysis by Value from 2018 to 2030]:
Microbial Identification Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
Microbial Identification Market by Method [Shipment Analysis by Value from 2018 to 2030]:
Microbial Identification Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Microbial Identification Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Microbial Identification Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microbial identification companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microbial identification companies profiled in this report include-
Microbial Identification Market Insights
Lucintel forecasts that instruments and software will witness highest growth over the forecast period due to the increasing awareness towards microbial testing and growing burden of infectious diseases.
Within this market, diagnostics will remain the largest segment due to growing prevalence of acute and chronic infections and food-borne diseases along with outbreak of pandemic.
North America will remain the largest region over the forecast period due to the increasing burden of infectious diseases, rising concerns about food safety, and the presence of key players in the region.
Features of the Global Microbial Identification Market
Market Size Estimates: Microbial identification market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Microbial identification market size by various segments, such as by products and services, technology, method, application, and region in terms of value ($B).
Regional Analysis: Microbial identification market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products and services, technologies, methods, applications, and regions for the microbial identification market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the microbial identification market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the microbial identification market size?
Answer: The global microbial identification market is expected to reach an estimated $6.8 billion by 2030.
Q2. What is the growth forecast for microbial identification market?
Answer: The global microbial identification market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the microbial identification market?
Answer: The major drivers for this market are increasing prevalence of infectious diseases, rising food safety concerns, and advancement in technology in microbial identification.
Q4. What are the major segments for microbial identification market?
Answer: The future of the global microbial identification market looks promising with opportunities in the diagnostic, food & beverage testing, pharmaceutical, cosmetics & personal care product testing markets.
Q5. Who are the key microbial identification market companies?
Answer: Some of the key microbial identification companies are as follows:
Q6. Which microbial identification market segment will be the largest in future?
Answer: Lucintel forecasts that instruments and software will witness highest growth over the forecast period due to the increasing awareness towards microbial testing and growing burden of infectious diseases.
Q7. In microbial identification market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the increasing burden of infectious diseases, rising concerns about food safety, and the presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.