New Research Report Explore Microbial Identification Market Expected to Register a Value of US$ 730 Mn by 2022

Posted on 2018-01-17 by Mark Hub in Healthcare // 0 Comments

Albany, USA, 2018-Jan-17 — /EPR Network/ —This research report offers a comprehensive analysis of the “Microbial Identification Market: Food & Beverage Testing Applications to Represent Moderate Revenue Growth: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2022)“The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

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Microbiologists adopt distinct analytical strategies for examining microbial cultures and identifying pathogens in mixed microbial communities. Advancements in these techniques, which can be collectively identified as microbial identification methods, have a determinative influence on improvements in pathological treatments, preventive care, and diagnosis of infectious diseases. Future Market Insights projects that the global market for microbial identification will witness a robust expansion over the next five years. Increasing influence of microbes in applied research is likely to propel the adoption of microbial identification systems, particularly for testing pharmaceuticals, food products, beverages, and drinking water as well. By the end of 2022, the global microbial identification market is anticipated to net revenues worth nearly US$ 1,400 million.

Adoption of Genotypic Microbial Identification Methods to Gain Traction

Genotyping is a key microbial identification method, and has incurred successful application of advanced technologies such as DNA pyrosequencing. In medical research, genotypic microbiological identification and microarray-based detection have played a pivotal role as effective technologies facilitating the investigation of viral pathogens. The report observed genotypic methods as promising technologies in the global market for microbial identification. Over the forecast period, the adoption of genotypic microbial identification methods is anticipated to increase at a momentum which will be marginally higher compared to phenotypic microbial identification techniques. Contrarily, the latter is anticipated to exhibit higher revenue share on the global microbial identification market, and will bring in revenues worth over US$ 730 million by the end of 2022.

Food & Beverage Testing Applications to Register Moderate Growth

Enumeration and detection of microorganisms in edible items and drinks is an essential food safety measure that bolsters quality control for manufacturers. However, several techniques in microbial identification fail to selectively isolate the unwanted organisms from mixed populations without altering the composition of products being tested. The report foresees the adoption of microbial identification in food & beverage testing applications to decline in the near future. Through 2022, food & beverage testing applications are anticipated to reflect moderate growth by registering a CAGR of 4.7%. To the contrary, diagnostic applications of microbial identification will gain fastest traction, and procure more than US$ 350 million revenues in the global market by the end of the forecast period.

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The report has also analysed the global microbial identification market on the basis of products (types of systems), and their end-use. In 2017, pharmaceutical and biotechnology industry will be observed as the largest end-user of microbial identification. The report also anticipates a steady end-use of microbial identification systems in water and environment industry throughout the forecast period. Independent research laboratories, in particular, will record fastest revenue growth from the end-use of microbial identification methods. As products, bacterial identification systems will remain sought-after in the global market. Although, by the end of 2022, over US$ 300 million worth of microbial enumeration systems are anticipated to be sold globally. The report also reveals that North America will register highest sales of microbial enumeration systems, primarily due to the high reliability of these systems, and their low prices.

Key Developers of Microbial Identification Systems

Advancements in medical microbiology will continue to change the manufacturing landscape in the global microbial identification market. The report observes that companies namely, Danaher Corporation, Bruker Corporation, Thermo Fisher Scientific, Inc., Siemens Healthineers, Shimadzu Corporation, QIAGEN N.V., bioMerieux S.A., Merck & Co Inc., Biolog, Inc., and Becton, Dickinson and Company will remain active in the expansion of global microbial identification market through 2022. These manufacturers will be focusing on developing systems compatible to the existing laboratory information systems, and will also cater to the specific needs of microbiologists working on leading microbial identification projects.

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