Microbial Identification Panel Market to Account to US$ 3,873.1 Mn with Leading Key Players Becton, Dickinson and Company, Thermo Fisher Scientific Inc.,

In 2018, Asia Pacific accounted as the fastest growing region in the global microbial identification panel market and was projected to grow at a faster pace over the forecast period. The growth of the microbial identification panel market is mostly held by China than in other countries. The increase is widely contributed due to the presence of various pharmaceutical industry and other healthcare industry which are anticipated to use microbial identification panels. In addition, the market in the countries such as Japan and India is estimated to grow due to the growing investment in Japanese Pharmaceutical industry, rising microbial applications in the field of agriculture, food, etc. are likely to influence the growth of the microbial identification panel market.

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The key players influencing the market are:

The major players operating in the microbial identification panel market include, Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Danaher Corporation, bioMerieux, 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.

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.

Market Insights

Rising Use of Micro-organism for Industrial Applications

Micro-organisms are widely used in the large scale industrial processes. The micro-organisms are used in the production of several metabolites, such as ethanol, butanol, lactic acid, and riboflavin. The micro-organisms are also used for the transformation of chemicals that assist in the reduction of environmental pollution. The micro-organism is also used in other industries such as pharmaceutical, food & agriculture these industries wide range of microbial application. For instance, micro-organisms are used to create biofertilizers or to reduce metal pollutants. The advancement in microbial technology has enabled the use of micro-organisms to produce certain non-microbial products, such as diabetes medication insulin.

In addition, the advancement in technology has helped in the removal of rich genetic resource of non-cultured microorganisms has led to the discovery of new genes, enzymes, and naturally occurring products. The results of the microbial technology have led to the development of most of the commodity and fine chemicals, agrochemicals, and pharmaceuticals. Therefore the discovery of the novel genes, enzymes from the microorganisms has impacted greatly in the production of industrial products through the industrial and biotechnological applications. Therefore, owing to the above-mentioned factors, it is estimated that the rising use of the microorganism for the industrial application is likely to grow the market during the forecast period

Advancement in The Field of Microbiology

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, bioM?rieux 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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