An Incisive, In-depth Analysis on the Microbial Identification Market
This study offers a comprehensive, 360 degree analysis on the Microbial Identification market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Microbial Identification market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Microbiologists adopt distinct analytical strategies for examining microbial cultures and identifying pathogens in mixed microbial communities. Advancements in these techniques, which can be collectively identified as microbial identification methods, have a determinative influence on improvements in pathological treatments, preventive care, and diagnosis of infectious diseases. Future Market Insights projects that the global market for microbial identification will witness a robust expansion over the next five years. Increasing influence of microbes in applied research is likely to propel the adoption of microbial identification systems, particularly for testing pharmaceuticals, food products, beverages, and drinking water as well. By the end of 2022, the global microbial identification market is anticipated to net revenues worth nearly US$ 1,400 million.
Adoption of Genotypic Microbial Identification Methods to Gain Traction
Genotyping is a key microbial identification method, and has incurred successful application of advanced technologies such as DNA pyrosequencing. In medical research, genotypic microbiological identification and microarray-based detection have played a pivotal role as effective technologies facilitating the investigation of viral pathogens. The report observed genotypic methods as promising technologies in the global market for microbial identification. Over the forecast period, the adoption of genotypic microbial identification methods is anticipated to increase at a momentum which will be marginally higher compared to phenotypic microbial identification techniques. Contrarily, the latter is anticipated to exhibit higher revenue share on the global microbial identification market, and will bring in revenues worth over US$ 730 million by the end of 2022.
Food & Beverage Testing Applications to Register Moderate Growth
Enumeration and detection of microorganisms in edible items and drinks is an essential food safety measure that bolsters quality control for manufacturers. However, several techniques in microbial identification fail to selectively isolate the unwanted organisms from mixed populations without altering the composition of products being tested. The report foresees the adoption of microbial identification in food & beverage testing applications to decline in the near future. Through 2022, food & beverage testing applications are anticipated to reflect moderate growth by registering a CAGR of 4.7%. To the contrary, diagnostic applications of microbial identification will gain fastest traction, and procure more than US$ 350 million revenues in the global market by the end of the forecast period.
The report has also analysed the global microbial identification market on the basis of products (types of systems), and their end-use. In 2017, pharmaceutical and biotechnology industry will be observed as the largest end-user of microbial identification. The report also anticipates a steady end-use of microbial identification systems in water and environment industry throughout the forecast period. Independent research laboratories, in particular, will record fastest revenue growth from the end-use of microbial identification methods. As products, bacterial identification systems will remain sought-after in the global market. Although, by the end of 2022, over US$ 300 million worth of microbial enumeration systems are anticipated to be sold globally. The report also reveals that North America will register highest sales of microbial enumeration systems, primarily due to the high reliability of these systems, and their low prices.
Key Developers of Microbial Identification Systems
Advancements in medical microbiology will continue to change the manufacturing landscape in the global microbial identification market. The report observes that companies namely, Danaher Corporation, Bruker Corporation, Thermo Fisher Scientific, Inc., Siemens Healthineers, Shimadzu Corporation, QIAGEN N.V., bioMerieux S.A., Merck & Co Inc., Biolog, Inc., and Becton, Dickinson and Company will remain active in the expansion of global microbial identification market through 2022. These manufacturers will be focusing on developing systems compatible to the existing laboratory information systems, and will also cater to the specific needs of microbiologists working on leading microbial identification projects.
Key players in the global microbial identification market are focussing on technology partnerships with leading microbiology institutes, wherein development of microbial identification systems will be closed directed towards increasing the applicability for future needs of investigative microbiological studies. Such analytical insights are the highlights of Future Market Insights’ new publication, titled “Microbial Identification Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2022).” While analysing the microbial identification markets across multiple regions, our analysts have attentively observed diversity in microbial examination techniques adopted by microbiologists. These differences are changing the use of microbial identification methods in applied research. Experts from biotechnology industry have expressed that microbial identification will remain pivotal in revolutionizing the field of genomics and DNA sequencing, and will be an integral part of global initiatives such as the Human Microbiome Project.
Report Structure
The report is comprised of numerous sections that analyse the global microbial identification market through an in-depth approach. An executive summary in the beginning of the report is a brief account of key research findings revealed in the following sections. Regional expansion of the global microbial identification market is highlighted in the executive summary, to give an immediate backdrop of lucrative markets. The report further offers an overview, wherein a formal introduction to the overall microbial identification market is provided. This section also includes the standard definition of microbial identification, and provides the Year-on-Year (Y-o-Y) forecast on the global market for the assessment period.
Key factors influencing the dynamics of microbial identification markets have also been analysed in this section. The report also provides a supply chain breakdown and an analysis on cost structure & pricing of microbial identification systems. The report further reveals key raw material sourcing strategies adopted in the global market. An intensity map exhibiting the presence of microbial identification system manufacturers across global geographies is also offered in the report.
The report encompasses multiple sections that offer segmented analysis on the global microbial identification market. The report has analysed the microbial identification market on the basis of product-type, end-user, application, technology, and region. The report concludes with a detailed profiling of leading players in the global microbial identification market. This section reveals their current market standings, along with an analysis of key undertakings and notable developments of each company being profiled.
Market Taxonomy
The taxonomy of global microbial identification market has been precisely illustrated in the table below:
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(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Research Methodology
Primary and secondary research have extensively conducted by the analysts at Future Market Insights. Revenues of key market participants have been collected through designated contact persons and authentic databases. Quantitative data has been infused with subjective findings to boost the accuracy of market size forecasts. The overall market size estimations have been provided in US dollars (US$) for catering to a universalised understanding. Along with Y-o-Y growth rates, the report offers forecast by using metric such as Basis Point Share (BPS) index, absolute dollar opportunities, and compounded annual growth rates. The scope of the report is to enable companies partaking in the global microbial identification market make informed decisions and develop profound strategies towards long-term business growth. Inferences provided in the report are directed to help players understand the key scenarios for expansion of global microbial identification market over the period of next five years.
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