Industry Background:
Microbial identification service is the process of identifying harmful bacteria and fungi that may contaminate raw materials, manufacturing facilities, and branded products. Microbial identification depends on phenotypic identification using staining, culturing, and simple biochemical tests. It is used to identify microorganisms that are the reason for various diseases. According to the World Health Organization, at least 30 new diseases have emerged in the last 20 years, which now threaten the health of hundreds of millions of people. The increasing prevalence of infectious diseases has risen the need to identify the microorganism causing them. Hence is driving the microbial identification market growth.
According to AMA Research, the market for Microbial Identification Service is expected to register a CAGR of 11.3% during the forecast period to 2030. This growth is primarily driven by Increasing Food Safety Concerns
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Becton, Dickinson and Company (United States), Thermo Fisher Scientific Inc. (United States), Danaher Corporation (United States), bioMérieux S.A. (France), Merck KGaA (Germany), Charles River Laboratories International, Inc. (United States), Bruker Corporation (United States), Shimadzu Corporation (Japan), VWR Corporation (United States) and Eurofins Scientific S.E. (Luxembourg), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2023, Biolog, Inc. acquired MIDI Labs and MIDI, Inc., enhancing its microbial identification and enumeration services.
In January 2023, CD Genomics announced the launch of a new Plasmid Identification service for microbial genomics and bioinformatics analysis.The manufacturers in the market continue to focus on innovation and technological advancements in the product and services. Such developments coupled with competitive pricing are likely to assist in increasing market share over the forecast period. The key players are investing heavily in research & development to enhance the product and service quality.
Influencing Trend:
Technological Advancements in Microbial Identification and Growing Focus on MALDI-TOF-Based Applications in Identification
Market Growth Drivers:
Increasing Food Safety Concerns and Rising Burden of Infectious Diseases
Challenges:
Complex Regulatory Frameworks That Delay the Approval of New Microbial Diagnostic Tests
Restraints:
High Cost of Automated Microbial Identification Systems
Opportunities:
Government Initiatives and A Favorable Regulatory Scenario, Initiatives to Detect and Control Antimicrobial-Resistant Species and Emergence of Bioterrorism Surveillance
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Microbial Identification Service Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Microbial Identification Service Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Microbial Identification Service players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Microbial Identification Service Study Sheds Light on
The Microbial Identification Service Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Microbial Identification Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Microbial Identification Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.