NEW YORK, Sept. 26, 2017 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05117900The microbial identification market is expected to reach USD 3.00 billion by 2022 from USD 2.18 billion in 2017, at a CAGR of 6.6%. Factors driving the growth of this market include the increasing prevalence of infectious diseases, technological advancements in microbial identification, increasing food safety concerns, and government initiatives to promote use of microbial identification. On the other hand, the high cost of automated microbial identification systems is expected to limit market growth in the coming years. Complex regulatory frameworks that delay the approval of new microbial diagnostic tests are also expected to challenge market growth to a certain extent. "Consumables segment expected to grow at the fastest rate during the forecast period"
The consumables used for microbial identification are anticipated to grow at the highest CAGR during the forecast. The need of consumables in large numbers as compared to instruments is the primary factor responsible for this positive market growth. "The diagnostic applications segment is anticipated to grow at the fastest growth rate during the forecast period"
The microbial identification market by application, is categorized into diagnostic applications (human disease diagnosis and animal disease diagnosis), food testing, beverage testing, cosmetics and personal care products testing, pharmaceutical applications, environmental applications, and other applications. The diagnostic applications segment is estimated to grow at the fastest rate during the forecast period. Increasing use of microbial identification for the diagnosis of infectious diseases in humans and animals is the key factor driving the growth of this market. "The proteomics-based methods segment is estimated to grow at a rapid rate during the analysis period"
By method, the microbial identification market is segmented into phenotypic, genotypic, and proteomics-based methods. The proteomics-based methods segment is the fastest growing segment of the global microbial identification market on the basis of method. The rising demand for proteomics-based methods on account of greater levels of sensitivity, accuracy, and specificity is driving the demand for this segment. "Asia is estimated to grow at the highest CAGR during the study period"
Geographically, the microbial identification market is dominated by North America, followed by Europe in 2017. Asia is estimated to grow at the fastest rate which can be attributed to developing healthcare infrastructure, rising burden of infectious diseases, and increasing initiatives to promote the use of novel technologies for microbial identification. The primary interviews conducted for this report can be categorized as follows:
• By Company Type - Tier 1 – 70% and Tier 2 – 30% • By Designation – C level – 62%, Director level – 21%, Others – 17% • By Region – North America – 50%, Europe – 20%, Asia– 30% The key players in the microbial identification market include Becton, Dickinson and Company (US), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), bioMérieux S.A. (France), Merck KGaA (Germany), Charles River Laboratories International, Inc. (US), Bruker Corporation (US), Shimadzu Corporation (Japan), VWR Corporation (US), Eurofins Scientific S.E. (Luxembourg), GTCR, LLC. (US), QIAGEN N.V. (Netherlands), Liofilchem s.r.l. (Italy), IEH Laboratories & Consulting Group (US), Alcami Corporation (US), Biolog, Inc. (US), Abellon CleanEnergy Limited (India), Alpha Analytical, Inc. (US), NeoGenomics, Inc. (US), Trivitron Healthcare (India), Molzym GmbH & Co. KG (Germany), Dynatec Labs (US), Altogen Labs (US), STERIS plc (UK), and Wickham Laboratories Ltd. (UK). Research Coverage:
The report analyses the microbial identification market by product and service, method, application, end user, and region. Apart from a comprehensive geographic product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles include the product portfolios, developments, and strategies adopted by prominent market players to maintain and increase their shares in the market. Market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output in order to remain successful in the type, products, applications, end users, and regions. Key benefits of buying the Report:
This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies for strengthening their market shares. The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the product portfolios of the top players in the microbial identification market • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the microbial identification market • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the microbial identification market • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various microbial identification products and services across geographies • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the microbial identification marketRead the full report: https://www.reportlinker.com/p05117900
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