Technological Advancement in Microbial Identification is Driving the Growth of the Microbial Identification Market - Danaher Corporation, Siemens, SHIMADZU CORPORATION, Charles River Laboratories, Biolog, Inc., Bruker

The microbial identification market size is projected to reach $1.4 billion by 2022, growing at a CAGR of 6.0% between 2016-2022. The increasing incidence of infectious diseases, increasing healthcare spending, increasing food safety concerns, and technological advancement in microbial identification are driving the growth of the market.

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Broadly, the microbial identification market by product is segmented into Consumables, Instruments and Software and Services. The consumables segment accounted for largest share in the global market, and it is expected to retain its position by 2022.

Based on the method of microbial identification, the market is segmented into phenotypic and genotypic method. The phenotypic Microbial identification segment accounted for largest share in the microbial identification market, and it is expected to retain its position by 2022.

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In terms of application the microbial identification market includes diagnostic application, food and beverage testing, pharmaceutical application and environmental application. In 2015, the diagnostic segment accounted for the major share and is expected to grow at a CAGR of 6.0% during the period 2016-2022.

Traditional identification techniques require subculture on selective medium, gram staining or biochemical testing and colony isolation, which are time consuming and require intensive effort. The advances in technology have made detection and microbial identification more specific, faster, sensitive and convenient, than traditional assays.

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Competitive Analysis

The key companies operating in the microbial identification market include Becton, Dickinson and Company, Danaher Corporation, Siemens AG, Shimadzu Corporation, BioMerieux SA, Thermo Fisher Scientific Inc., Qiagen N.V., Midi Inc, Charles River Laboratories Inc., Biolog Inc. and Bruker Corporation.

GLOBAL MICROBIAL IDENTIFICATION MARKET SEGMENTATION
By Product
• Consumables
o Plates and Media
o Reagents and kits
o Others
• Instruments and software
o Automated Microbial Identification Systems
o PCR
o Mass Spectrometers
o High-power Microscopes
o Microarrays
o Polystainers
o Flow Cytometers
o Others
• Services
o Identification Services
o Culture Collection Services
By Method
• Phenotypic methods
• Genotypic methods
By Application
• Diagnostic Application
• Food and Beverage Testing
• Pharmaceutical Application
• Environmental Application
By End User
• Hospitals
• Pharmaceutical and Biotech Companies
• Food, Water and Beverage Manufacturer
• Research Laboratories
• Government Environmental Agencies
• Blood Banks
• Others
By Geography
• North America - U.S., Canada, and Rest of North America
• Central and Eastern Europe - Russia and Rest of Central and Eastern Europe
• Western Europe - Germany, France, U.K., and Rest of Western Europe
• Asia-Pacific - China, Japan, India, Australia and Rest of Asia-Pacific
• Latin America - Brazil, Mexico Rest of Latin America
• Middle East and Africa - South Africa and Rest of Middle East and Africa

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This release was published on openPR.