The global microbial identification market is growing at 12.3% CAGR owing to the rising prevalence of chronic diseases, technological development, rising food safety concerns, rising healthcare expenditure, increasing frequency of outbreaks, initiatives by the government to identify and control antimicrobial-resistant species. The technological development in microbial identification has led the process faster and accurate, thus a cost-effective method and having a high throughput time. For example, the MALDI-TOF technique is accepted globally due to its less cost and offers fast results, and needs minimal consumables.

The COVID-19 pandemic had a major impact on the global economy and manufacturers of the instruments and consumables needed for microbial identification were not able to supply due to strict lockdowns, thereby decline in the sale of the products.

Request to get a free sample copy at https://www.vynzresearch.com/healthcare/microbial-identification-market/request-sample

Based on product & devices, the instrument segment dominates the market as they are based on techniques of mass spectrometry, polymerase chain reaction (PCR), and time-of-flight mass spectrometry (TOF-MS). But, these developed microbial identification systems are not available regularly globally, resulting in providing opportunities for growth in the market. According to WHO, more than30 new diseases have occurred in the last 20 years and affect the health of millions of people. So, there is a need to identify the microorganisms causing such infectious diseases, resulting in the growth of the microbial identification market.

Asia-Pacific is anticipated to have fast growth in the microbial identification market owing to the rising demand for these products in countries like Japan, China, and India. Moreover, there is growth in demand for microbial identification products in biotech and pharmaceutical companies, research institutes, and blood banks, and government initiatives regarding food and water contamination, thereby driving the growth in the region. Thermo Fisher Scientific opens a Food Safety Customer Solution Center in Delhi, India, and has developed a critical workflow and integrated solution to meet the growing demands of scientists in the Food and Beverage Research Institute and expand food safety capabilities in India.

The prominent players in the microbial identification industry include Becton, Dickinson and Company, Biomérieux S.A., Bruker Corporation, Thermo Fisher Scientific Inc., Shimadzu Corporation, Danaher Corporation, VWR Corporation, Merck KGaA, Eurofins Scientific S.E., Charles River Laboratories International, Inc. and Wickham Laboratories Ltd.

Source VynZ Research