Microbial Identification Methods Market Trends, Outlook, Insights, Overview 2024-2033

"The new report published by The Business Research Company, titled ""Microbial Identification Methods Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the microbial identification methods market size has grown strongly in recent years. It will grow from $4.74 billion in 2023 to $5.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The microbial identification methods market size is expected to see strong growth in the next few years. It will grow to $6.87 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.

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The Role Of Increasing Infectious Diseases Is Fueling The Microbial Identification Methods Market
The increasing prevalence of infectious diseases is expected to propel the growth of the microbial identification methods market going forward. Infectious diseases are illnesses caused by harmful agents (pathogens) entering the body, such as viruses, bacteria, fungi, and parasites. The major infectious diseases are HIV/AIDS (human immunodeficiency virus/acquired immunodeficiency syndrome), tuberculosis, malaria, and more. The increasing prevalence of infectious diseases can be attributed to antimicrobial resistance, climate change, and population growth. Microbial identification methods are crucial for diagnosing, treating, and preventing infectious diseases by providing detailed information about the pathogens causing an infection, enabling healthcare professionals to make informed decisions regarding patient care. For instance, in July 2023, according to UNAIDS, the Switzerland-based United Nations program dedicated to addressing the global HIV/AIDS epidemic, the number of people with HIV currently exceeded 39 million globally, up 3.17% from 37.7 million in 2020. Furthermore, in March 2023, according to the Centers for Disease Control and Prevention, a US-based government agency, tuberculosis (TB) cases in the US increased by 5.9% from 7,874 cases in 2021 to 8,331 cases in 2022. Therefore, the increasing prevalence of infectious diseases drives the growth of the microbial identification methods market.

Bruker Corporation Launches Advanced MALDI Biotyper IVD Solutions For Enhanced Mycobacteria And Fungi Identification
Major companies operating in the microbial identification methods market focus on developing innovative solutions, such as mycobacteria and fungi IVD solutions, to strengthen their position in the market. Mycobacteria and fungi in vitro diagnostic (IVD) solutions refer to a range of products and technologies designed to detect, identify, and characterize mycobacterial and fungal pathogens in clinical specimens. For instance, in April 2023, Bruker Corporation, a US-based manufacturer of scientific instruments for molecular and materials research, launched MALDI Biotyper IVD software, a new mycobacteria and fungi IVD solution. The unique features include enhanced accuracy and speed in microbial identification, leveraging MALDI-TOF (matrix-assisted laser desorption/ionization-time of flight) mass spectrometry technology. This platform provides rapid identification of mycobacteria and fungi from cultured samples within minutes, significantly reducing the time required compared to traditional methods. The new solutions also offer expanded databases and robust software algorithms for improved specificity and sensitivity, enabling precise identification of a broader range of mycobacterial and fungal species.

The microbial identification methods market covered in this report is segmented -

1) By Method: Genotypic, Phenotypic, Proteotypic
2) By Type: Bacterial Identification System, Microbial Enumeration System, Bacterial Resistance Identification Systems, Microbiology Analyzer, Other Type
3) By End User: Pharmaceutical And Biotechnology Companies, Hospitals And Diagnostic Laboratories, Food Testing Laboratories, Other End-Users

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Major companies operating in the microbial identification methods market are Merck KGaA, Sumitomo Corporation, Thermo Fisher Scientific Inc., Abbott Laboratories, Becton Dickinson and Company, GE Healthcare, Avantor Inc., Eurofins Scientific SE, Lonza Group AG, Sartorius AG, Charles River Laboratories International Inc., bioMerieux SA, Shimadzu Corporation, Waters Corporation, Bio-Rad Laboratories Inc., "", Bruker Corporation, Qiagen N.V., Beckman Coulter Inc., HiMedia Laboratories., Hardy Diagnostics., LuminUltra Technologies Ltd., Biolog Inc.

Contents of the report:
1. Executive Summary
2. Microbial Identification Methods Market Report Structure
3. Microbial Identification Methods Market Trends And Strategies
4. Microbial Identification Methods Market - Macro Economic Scenario
5. Microbial Identification Methods Market Size And Growth
…..
27. Microbial Identification Methods Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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