By the end of 2022, the global microbial identification market is anticipated to net revenues worth nearly US$ 1,400 million.
Albany, NY -- (SBWIRE) -- 12/12/2017 -- The global microbial identification market is likely to grow at 6% CAGR through 2022 on account of rising applications in a host of end-use industries. According to the report "Microbial Identification Market: Food & Beverage Testing Applications to Represent Moderate Revenue Growth: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2022)" the global microbial identification market is likely to reach US$ 1.4 Bn by the end of 2022. The report has been added to the comprehensive repository of Market Research Hub (MRH).
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Advancements in detection of pathogens in cultures is influencing more end-users to incorporate microbial identification as an SOP in their operations. Microbial identification is widely used in the diagnosis and detection of infectious diseases. It is also widely used in industries as a precautionary measure to check the growth of pathogens that can lead to degradation of equipment and products.
According to the report, phenotypic microbial identification is one of the preferred techniques of microbial identification, however, of late, an increasing preference for genotyping has been observed among end-users. Genotyping microbial identification has witnessed successful application of a range of advanced technologies, including DNA pyrosequencing.
Microbial identification has been widely used in detection of pathogens in food and beverages, and demand from these industries is likely to create opportunities for vendors. However, the challenges associated with alterations in taste have meant that many food and beverage manufacturers are preferring other types of identification techniques. The demand for microbial identification equipment and services from the food and beverage industry is likely to grow at a CAGR of nearly 4.7% through 2022. The decline in application in food and beverage sector is likely to be offset by advancement in diagnostic applications. Pharmaceutical and biotechnology are some of the largest end-users of microbial identification globally.
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In addition to pharmaceutical, biotechnology, and food & beverage sectors, adoption of microbial identification systems is likely to grow on account of its use in water and environment testing. In many regions across the globe, lack of access to safe drinking water is an endemic issue, and government and not-for-profit organizations are putting in efforts to improve the situation. Although funding remains a key challenge, foreign aid and charitable organizations have helped in testing water for pathogens. Applications in water treatment and environment testing are also likely to create suitable growth opportunities for manufacturers.
Some of the leading players in the global microbial identification market include Danaher Corporation, Bruker Corporation, bioMerieux S.A., Siemens Healthineers, Thermo Fisher Scientific, Inc., QIAGEN N.V., Shimadzu Corporation, Biolog, Inc., Merck & Co Inc., and Becton, Dickinson and Company
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