Microbial Identification Market Charting the Course Towards a US$ 10.7 Billion Milestone by 2032-FMI Projection

Microbial Identification Market
Microbial Identification Market

The microbiological identification market share is expected to develop at a compound annual growth rate (CAGR) of 11.3% from 2022 to 2032, from a projected value of US$ 3.7 billion in 2022 to US$ 10.7 billion. An increase in demand for microbial identification products from a range of end-user industries, such as pharmaceutical and biotechnology, food and beverage, water and environment, diagnostic laboratories, and independent research laboratories, is propelling the market for microbial identification.

Based on product, the bacterial identification systems segment held the largest market share of approximately 28.4% in the global microbial identification market in 2021, and it is expected to maintain this dominance throughout the forecast period.

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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:

Product Type

  • Bacterial Identification Systems
  • Microbial Enumeration Systems
  • Bacterial Resistance Identification Systems
  • Microbiology Analyzers
  • Parasitology Analyzers

End User

  • Pharmaceutical and Biotechnology Industry
  • Food and Beverage Industry
  • Water and Environment Industry
  • Independent Research Laboratories
  • Diagnostic Laboratories
  • Blood Banks

Application

  • Diagnostic Application
  • Environmental Application
  • Food and Beverages Testing
  • Pharmaceutical Application
  • Others

Technology

  • Phenotypic Methods
  • Genotypic Methods

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Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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