The microbial identification panel market was valued at US$ 2,288.7 million in 2018 and it is projected to reach US$ 3,873.1 million in 2027; it is expected to grow at a CAGR of 6.2% from 2019 to 2027.
Microbial Identification is the process to identify the microorganisms for safety, antimicrobial resistance, supporting the production & quality assurance in the pharmaceuticals companies, screening and diagnosis of infections and others. It plays important role in different industries such as pharmaceutical industry, hospital, food production and others. The growth of the global microbial identification panel market is attributed to the rising use of micro-organism for industrial applications, growing incidences of infectious diseases, and increasing government support for microbial identification. However, high cost for microbial identification products is the major factor hindering the market growth.
The global microbial identification panel market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
Lucrative Regions for Global Microbial Identification Panel Market
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Rising Use of Micro-organism for Industrial Applications to Drive Global Microbial Identification Panel Market Growth
Micro-organisms are widely used in the large scale industrial processes. The micro-organisms are used in the production of several metabolites, such as ethanol, butanol, lactic acid, and riboflavin. The micro-organisms are also used for the transformation of chemicals that assist in the reduction of environmental pollution. The micro-organism is also used in other industries such as pharmaceutical, food & agriculture these industries wide range of microbial application. For instance, micro-organisms are used to create biofertilizers or to reduce metal pollutants. The advancement in microbial technology has enabled the use of micro-organisms to produce certain non-microbial products, such as diabetes medication insulin.
In addition, the advancement in technology has helped in the removal of rich genetic resource of non-cultured microorganisms has led to the discovery of new genes, enzymes, and naturally occurring products. The results of the microbial technology have led to the development of most of the commodity and fine chemicals, agrochemicals, and pharmaceuticals. Therefore the discovery of the novel genes, enzymes from the microorganisms has impacted greatly in the production of industrial products through the industrial and biotechnological applications.
The use of the bioinformatics for microbial identification is already a common practice that has been used to investigate whole communities containing many types of uncultivable microbes. The platforms have enabled a meta- analysis of diverse microbiology datasets that have allowed to discover the unseen regulations of the microbial ecosystem from freely available data.
In addition, the large data that is required by the industries has been solved by the companies that offer the sequencing systems. The technological advancement has enabled to discover systems that provide long-reads data from a small sample. Therefore, owing to the above-mentioned factors, it is estimated that the rising use of the microorganism for the industrial application is likely to grow the market during the forecast period.
Product & Services -Based Insights
In terms of product & services, the global microbial identification panel market is segmented into instruments, consumables, software and services. In 2018, the instruments segment held largest share of the market. However, the consumables segment is estimated to register the highest CAGR during the forecast period.
Global Microbial Identification Panel Market, by Product & Services– 2018 and 2027
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Method-Based Insights
In terms of method, the global microbial identification panel market is segmented into phenotypic, genotypic and MALDI-TOF. In 2018, the phenotypic segment held largest share of the market. However, the MALDI-TOF segment is expected to register the highest CAGR during the forecast period.
End User-Based Insights
In terms of end user, the global microbial identification panel market is segmented into hospitals and diagnostic laboratories, pharmaceutical companies and others end users. The hospitals and diagnostics laboratories segment held the largest share of the market in 2018, and the same segment is estimated to grow at the fastest rate during the forecast period.
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Microbial Identification Panel Market: Strategic Insights
Market Size Value in US$ 2,288.7 Million in 2018 Market Size Value by US$ 3,873.1 Million by 2027 Growth rate CAGR of 6.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Microbial Identification Panel Market: Strategic Insights
| Market Size Value in | US$ 2,288.7 Million in 2018 |
| Market Size Value by | US$ 3,873.1 Million by 2027 |
| Growth rate | CAGR of 6.2% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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The global microbial identification panel market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
Global Microbial Identification Panel Market – by Product & Services
- Instruments
- Automated Microbial Identification Systems
- Mass Spectrometers
- PCR
- Other Instruments
- Consumables
- Plates and Media
- Reagents and Kits
- Other Consumables
- Software and Services
Global Microbial Identification Panel Market – by Method
- Phenotypic
- Genotypic
- Sanger Sequencing
- Next-Generation Sequencing (NGS)
- 16S/18S/ Internal Transcribed Spacer (ITS) rRNA Sequencing
- Metagenomics Sequencing
- Antimicrobial Resistance Testing
- Other Sequencing
- MALDI-TOF
Global Microbial Identification Panel Market – by End- User
- Hospitals & Diagnostics Laboratories
- Pharmaceutical Companies
- Other End User
Global Microbial Identification Panel Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- Becton, Dickinson and Company
- Thermo Fisher Scientific Inc.
- Danaher Corporation
- bioMérieux
- Merck KGaA
- Charles River Laboratories, Inc.
- Bruker Corporation
- Shimadzu Corporation
- Avantor (VWR International LLC)
- Eurofins Scientific
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product and Service ; Method ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Becton, Dickinson and Company
- Thermo Fisher Scientific Inc.
- Danaher Corporation
- bioMérieux
- Merck KGaA
- Charles River Laboratories, Inc.
- Bruker Corporation
- Shimadzu Corporation
- Avantor (VWR International LLC)
- Eurofins Scientific
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