Global Microbial Identification Market Overview:
Microbial identification entails the identification of various kinds of microorganisms that are prone to cause different infectious conditions in humans. In the present world, the major types of microorganisms that cause diseases are parasites, bacteria, fungi and viruses. Their presence contaminates the manufacturing facilities, raw materials and food products.
The growing occurrence of several infections caused by microorganisms is the key driver for the growth of the Market. Besides, the increasing consciousness about food safety, coupled with strict regulations and guidelines by government to ensure the cleanliness of surroundings in industries acts a serious promoter for the Microbial Identification Market growth in future.
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Global Microbial Identification Market Size:
According to Market Data Forecast, The Global Microbial Identification Market size is calculated to approach USD 2.06 billion by 2023 with a CAGR of 6.3%, from the 2018 valuation of USD 1.52 billion.
Microbial Identification Market Segmentation
Microbial Identification market is segmented by Method, by Application, by Product and by End user. Under classification by Method, the market is divides into Genotypic, Proteomics-based and phenotypic methods. The Phenotypic method segment is the dominating segment globally, because of the accuracy offered by it over the traditionally utilized genotypic method. Based on Application, the market is classified into F&B, Diagnostic, Pharmaceutical and Environmental applications. The Diagnostic segment is the leading segment according to the market share because of the globally increasing concern about health. Under Product, the market is categorized into Identification Services, Consumables and Instruments. The instruments segment is the top market share contributor globally. According to End user, the market is segmented into Food Manufacturing Industries, Pharmaceutical Companies, Hospitals and Diagnostic Centres and other end users. The Hospitals and Diagnostic Centres segment led the global market in 2016, owing to the high incidence of various microbial infections
Based on geography, the market is studied under North America, Latin America, and Europe, Asia Pacific and Middle East and Africa regions. Because of the existence of a developed healthcare industry, the North America regions contributed the biggest share to the global market in 2016. Because of the rising amount of money spent on healthcare in emerging countries in the region, Asia Pacific Microbial Identification market is calculated to grow with the highest growth rate
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Key Developments in the Market
- Merck, a leading science and technology company and leader in genome editing, announced collaboration with Washington University in St. Louis, Missouri, USA, that could lead to the optimizing of nutritional supplements to restore a healthy gut microbial community (microbiome).
The major companies dominating this market for its products and services are
- Shimadzu Corporation,
- Dickinson & Company,
- Biolog Inc.,
- Merck KGaA,
- IEH Laboratories & Consulting Group,
- Trivitron Healthcare,
- Thermo Fisher Scientific Inc.,
- Bruker Corporation,
- VWR Corporation
- Charles River Laboratories International Inc.
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Key Takeaways from this Report:
- For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constraints and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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