In 2020, the global microbial identification market size boasted a revenue of $3.2 billion, and it is anticipated to surge to $5.7 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 12.2% from 2020 to 2025. The market's expansion is primarily fueled by the increasing occurrence of infectious diseases, heightened pandemic frequency, technological strides, growing concerns about food safety, and augmented governmental initiatives and funding dedicated to the detection and control of antimicrobial-resistant species.
Among the product and service segments, the instruments category dominated in 2019, constituting the largest share within the microbial identification market. The market is broadly divided into instruments & software, consumables, and services. In 2019, the instruments & software segment claimed the largest market share, benefiting from ongoing technological advancements in microbial identification systems.
Regarding methods, the microbial identification market is categorized into three segments: phenotypic, proteomics-based, and genotypic methods. In 2019, phenotypic methods secured the majority share, driven by their widespread application across healthcare, food & beverage, pharmaceutical, and environmental sectors.
The fastest-growing region in the microbial identification market in 2019 was the Asia Pacific, with an anticipated high CAGR during the forecast period. This growth is attributed to the improving healthcare infrastructure, the significant burden of infectious diseases, initiatives to control disease spread, and substantial investments by key players in the region.
Key players in the microbial identification market include bioMérieux SA (France), Becton, Dickinson and Company (US), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Merck KGaA (Germany), Bruker Corporation (US), Shimadzu Corporation (Japan), QIAGEN NV (Netherlands), Avantor, Inc. (US), and Biolog, Inc. (US).
Recent Developments
- In 2019, bioMérieux acquired Invisible Sentinel (US) to strengthen its food pathogen testing and spoilage organism detection capabilities by expanding its business into new customer segments, such as breweries and wineries.
- In 2019, Thermo Fisher Scientific (US) opened a food safety customer solution center in Delhi, India. The new center focuses on meeting the demands of scientists in food and beverage laboratories by developing critical workflows and integrated solutions that help build the food safety capacity in India.
- In 2019, Merck (Germany) partnered with the FSSAI for skill development in food safety. Under the terms of this partnership, Merck handed over a fully equipped microbiological testing laboratory to the FSSAI to provide training on the latest technologies in microbiological testing for food safety.
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