The Microbial Identification Market Research Report offers a comprehensive and insightful analysis of the current trends, opportunities, challenges, and growth prospects within the Microbial Identification Market. This meticulously crafted report provides a deep understanding of the market dynamics by examining key market indicators, such as market size, share, and growth rate. Through rigorous data collection and thorough analysis, the report presents valuable information on the competitive landscape, industry segments, and emerging market players.
Moreover, the Microbial Identification Market Research Report delves into the macroeconomic factors, regulatory environment, and technological advancements that are shaping the market’s trajectory. It offers strategic insights to businesses, investors, and stakeholders by highlighting potential investment areas, market entry strategies, and innovative approaches to gain a competitive edge. The report’s findings are presented in a clear and concise manner, enriched with graphical representations and statistical data, aiding readers in making well-informed decisions.
The Microbial Identification Market is a segment of the life sciences industry that focuses on identifying microorganisms present in clinical, environmental, and industrial samples. Accurate microbial identification is crucial for disease diagnosis, infection control, food safety, and biotechnological research. The market is driven by factors such as the increasing incidence of infectious diseases, advancements in identification technologies, and the growing emphasis on rapid and precise microbiological testing.
According to the new market research report “Microbial Identification Market by Product & Service (Instrument & Software, Consumable, Service), Method (Phenotypic, Proteomic), Technology (Mass Spectrometry, PCR), Application (Diagnostic, Food Testing), End User (Hospital) – Global Forecast to 2025”
The global microbial identification market size in terms of revenue was estimated to be worth $3.2 billion in 2020 and is poised to reach $5.7 billion by 2025, growing at a CAGR of 12.2% from 2020 to 2025.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=10702182
Drivers: Rising incidence of infectious diseases and increasing frequency of pandemics
Microbial identification is mainly used for human disease diagnosis. It delivers rapid and reliable results that help in the timely adoption of appropriate therapies. Microbial identification products can improve the management of infectious diseases, especially in areas with inadequate healthcare infrastructure. It is estimated that approximately 1,400 pathogens can cause human diseases. Pathogenic bacteria alone cause about 350 million cases of foodborne diseases. About 48 million foodborne illnesses occur annually in the US alone, which leads to approximately 128,000 hospitalizations and 3,000 deaths every year. Poor water hygiene can cause 1.7 million deaths a year worldwide, and 9 out of 10 deaths occur in children. Most of these deaths, however, are observed in developing countries (NCBI).
Over the years, there has been a significant increase in the prevalence of infectious diseases worldwide. According to the WHO, TB is one of the top 10 causes of death. A total of 1.5 million people died from TB in 2018 worldwide. Between 2000–2018, an estimated 58 million lives were saved through TB diagnosis and treatment. ccording to the Joint United Nations Programme on HIV/AIDS (UNAIDS), in 2019, globally, 1.7 million people were newly infected with HIV, 38 million people are living with HIV, and 690,000 people died of AIDS-related illnesses.
Furthermore, incidents such as the Zika epidemic (2016), Ebola epidemic (2014), H1N1 swine flu pandemic (2009), H5N1 Avian flu pandemic (2004), Severe Acute Respiratory Syndrome (SARS) pandemic (2003), and Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) pandemic (2019–2020) have caused serious health concerns. They also lead to an increased demand for diagnostic products, including those for microbial identification. Thus, the high prevalence and incidence of different infectious diseases, coupled with the increasing frequency of pandemics, are driving growth in the global market.
Market key Players
The microbial identification market is dominated by a few globally established players such as bioMérieux SA (France), Becton, Dickinson and Company (US), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Merck KGaA (Germany), Bruker Corporation (US), Shimadzu Corporation (Japan), QIAGEN NV (Netherlands), Avantor, Inc. (US), and Biolog, Inc. (US)
- To provide detailed information regarding the major factors (such as drivers, restraints, opportunities, and challenges) influencing the market growth
- To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To strategically analyze the market structure and profile the key players of the market and comprehensively analyze their core competencies
- To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs.
Get 10% Free Customization on this Report-https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=10702182
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines — TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies -helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, and facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn, and Facebook.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062