Press release
Microbial Identification Panel Market Latest Trends, Demand and Advancement 2019 to 2027
Microbial Identification Panel Market to 2027
The market for microbial identification panel is expected to grow significantly due to factors such as rising use of micro-organism for industrial applications, growing incidences of infectious diseases, and increasing government support for microbial identification. However, the market is estimated to experience slower growth due to the high cost for microbial identification products.
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The major players operating in the microbial identification panel market include, Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Danaher Corporation, bioMérieux, Merck KGaA, Charles River Laboratories, Inc., Bruker Corporation, Shimadzu Corporation, Avantor (VWR International LLC), and Eurofins Scientific among the others. The market has carried out various organic and inorganic growth strategies in the market which has assisted in strengthening their product offering in the market.
Instrument segment is expected to drive the market for microbial identification panel over the forecast period by product & service segment.
The microbial identification market is segmented on the basis of product & service, method and end user. Based on the product & service it is classified as instruments, consumables, software and services. On the basis of method the market is classified as phenotypic, genotypic and MALDI-TOF. Based on the end user the market is segmented as hospitals and diagnostic laboratories, pharmaceutical companies, other end users. In 2018, the instruments accounted for the largest market share in the global microbial identification panel market. The growing expenditure by hospitals, pharmaceutical and food industry on microbial identification activities, are driving the total number of instrument purchased.
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Strategic Insights
Organic and inorganic growth strategies were observed in global microbial identification panel industry. The organic strategies which were conducted more compared to the inorganic strategies for the Microbial Identification Panel. For instance, in June, 2019, Bruker has announced that it has launched MALDI Biotyper Sirius system. The system was launched at ASM Microbe Conference. The system is used for the universal, fast and cost-effective microbial identification from cultures in microbiology.
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