Microbial Identification Market Insights, Share, Growth and Future Scope
The microbial identification market size is projected to reach $1.4 billion by 2022. The increasing incidence of infectious diseases, increasing healthcare spending, increasing food safety concerns, and technological advancement in microbial identification are driving the growth of the market.
Broadly, the microbial identification market by product is segmented into Consumables, Instruments and Software and Services. The consumables segment accounted for largest share in the global market, and it is expected to retain its position by 2022.
Based on the method of microbial identification, the market is segmented into phenotypic and genotypic method. The phenotypic Microbial identification segment accounted for largest share in the microbial identification market, and it is expected to retain its position by 2022.
The various end-users of microbial identification market are hospitals, pharmaceutical & biotech companies, food, water, and beverage manufacturers, research laboratories, government environmental agencies, blood banks and others. In 2015, the Hospitals segment accounted for the major share and is expected to grow at a CAGR of 6.4% during the period 2016-2022.
The key companies operating in the microbial identification market include Becton, Dickinson and Company, Danaher Corporation, Siemens AG, Shimadzu Corporation, BioMerieux SA, Thermo Fisher Scientific Inc., Qiagen N.V., Midi Inc, Charles River Laboratories Inc., Biolog Inc. and Bruker Corporation.