Microbial Identification Market Size 2022, Share, COVID-19 Impact & Industry Forecast Till 2027
At 11.60% CAGR, Global Microbial Identification Market Size & Share to Surpass US$ 7.32 Billion by 2027 | Industry Trends, Growth, Share, Opportunities, Statistics, Analysis & Forecast Report by IMARC
Global Microbial Identification Market Overview (2022-2027)
• Historical Market Size (2021): US$ 3.57 Billion
• Forecast CAGR (2022-2027): 11.60%
• Forecast Market Size (2027): US$ 7.32 Billion
What are the growth prospects of microbial identification market?
The global microbial identification market size reached US$ 3.57 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.32 Billion on by 2027, exhibiting a growth rate (CAGR) of 11.60% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Furthermore, based on type, it is categorized into soft and hard variants. Soft bulletproof vests protect against small-caliber rounds from handguns, whereas the latter is utilized in counterterrorism, military combat, counterinsurgency, hostage rescue missions, etc.
What are the key factors driving the Microbial identification Market ?
Microbial identification represents the procedures of identifying pathogens in mixed microbial communities by analyzing their behavior. They can be of various types, such as phenotypic methods, genotypic methods, proteomics-based methods, etc., and involve the usage of multiple technologies that include mass spectrometry, flow cytometry, microscopy, etc.
Microbial identification procedures aid in diagnosing infectious diseases and ensure the timely adoption of required therapies and medications. They even allow the detection of specific proteins, gene sequences of microorganisms, and biochemical activities of the target cells. Consequently, microbial identification techniques find extensive applications across numerous sectors, such as diagnostics, food and beverage testing, pharmaceuticals, cosmetics and personal care products testing, etc.
The growing prevalence of contagious illnesses caused by microorganisms is primarily driving the microbial identification market. Moreover, the inflating investments by pharmaceutical companies in the study of bacteria, parasites, fungi, and microbes to facilitate drug development are also positively influencing the global market.
Apart from this, the escalating food safety concerns around the globe and the elevating use of microbial identification techniques to identify food spoilage contaminants, help retain the flavor and authenticity of processed food products, and improve shelf life are further stimulating market growth.
In addition to this, the rising advancements in the field of microbiology and microbial identification equipment and the implementation of several stringent policies by government bodies aimed at preventing the spread of communicable ailments are acting as significant growth-inducing factors. Besides this, the increasing improvement in the healthcare infrastructure, especially in developing countries, is anticipated to fuel the microbial identification market in the coming years.
|Global Microbial identification Market Report Scope|
|Market size value in 2021||US$ 3.57 Billion|
|Market forecast in 2027||US$ 7.32 Billion|
|Growth Rate||CAGR of 11.60% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends|
|Segments covered||Products And Services, Technology, Method And Application|
|Regional scope||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Key companies profiled||Beckman Coulter Inc. (Danaher Corporation), Biolog Inc., BioMerieux SA, Bruker Corporation, Charles River Laboratories International Inc., Eurofins Scientific SE, Liofilchem S.r.l, Merck KGaA, Shimadzu Corporation, Thermo Fisher Scientific Inc., VWR International LLC. (Avantor Inc.) and Wickham Micro Limited.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
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List of Major Key Players:
The major players in the market Beckman Coulter Inc. (Danaher Corporation), Biolog Inc., BioMerieux SA, Bruker Corporation, Charles River Laboratories International Inc., Eurofins Scientific SE, Liofilchem S.r.l, Merck KGaA, Shimadzu Corporation, Thermo Fisher Scientific Inc., VWR International LLC. (Avantor Inc.) and Wickham Micro Limited.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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