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At 6.2% CAGR, Microbial Identification Panel Market is Growing $3,873.1 Million by 2027 – Danaher Corporation, bioMérieux, Merck KGaA, Charles River Laboratories, Bruker Corporation

10-10-2019 01:15 PM CET | Science & Education

Press release from: The Insight Partners

The Insight Partners

The Insight Partners

According to a new market research study titled ‘Microbial Identification Panel Market to 2027 – Global Analysis and Forecasts by Product & Service, Method, End User and Geography. The global microbial identification panel market is expected to reach US$ 3,873.1 Mn in 2027 from US$ 2,288.7 Mn in 2018. The market is estimated to grow with a CAGR of 6.2% from 2019-2027. The report highlights the trends prevalent in the global microbial identification panel market and the factors driving the market along with those that act as challenges to its growth.

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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Microbial Identification Panel – MARKET SEGMENTATION

Global Microbial Identification Panel Market – By Product & Service

- Instruments
- Automated Microbial Identification Systems
- Mass Spectrometers
- PCR
- Other Instruments
- Consumables
- Plates and Media
- Reagents and Kits
- Other Consumables
- Software and Services

Global Microbial Identification Panel Market – By Method

- Phenotypic
- Genotypic
- Sanger Sequencing
- Next-Generation Sequencing (NGS)
- 16S/18S/ Internal Transcribed Spacer (ITS) rRNA Sequencing
- Metagenomics Sequencing
- Antimicrobial Resistance Testing
- Other Sequencing
- MALDI-TOF

Global Microbial Identification Panel Market – By End User

- Hospitals & Diagnostics Laboratories
- Pharmaceutical Companies
- Other End User

Advancement in technologies is rising in rapidly. The rising trend is making the clinical and medical diagnostics much easier. The technological advancement has reduced the time of microbial identification and analyzing procedures. It has also helped in getting outcomes more accurately and efficiently. The next-generation sequencing method has allowed understanding the genetic make-up of micro-organism for various industrial application.

In addition, the advancement in technology has resulted in the rising commercial use of the micro-organisms and has also increased the microbiology field. The advancement has allowed combining the traditional identification kits along with the automated microbial identification systems. For instance, bioMérieux has developed an API system and the Biolog Microbial ID system using a 96-well microplate format. The development in technology has enabled the systems to handle larger numbers of isolates automatically.

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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

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