Market Definition
Microbial Identification is used to protect against the intentional interference of electronic signals. This equipment can be used to protect against radio frequency interference (RFI), electromagnetic interference (EMI), or other types of signal interference. There are a variety of anti-jamming technologies that can be used, depending on the type of interference that is being protected against. For example, RFI jamming can be countered with frequency-hopping spread spectrum (FHSS) technology, while EMI jamming can be countered with pulse-code modulation (PCM) or other digital modulation techniques.
Market Outlook
The global Microbial Identification Market was valued at USD 4.1 Billion in 2022 and it is anticipated to grow up to USD 13.3 Billion by 2032, at a CAGR of 12.5% during the forecast period.
The rising prevalence of infectious diseases caused by microorganisms is increasing the need for microbial identification tests across the globe. The classification of microorganisms and microbes plays a vital role in disease analysis and providing appropriate treatment. In addition, the study of bacteria, parasites, fungi, and microbes is encouraging investors in the pharmaceutical industry to finance innovation in drug development. This represents another factor positively influencing the market. Apart from this, the increasing food safety concerns around the world are driving the need for microbial identification techniques to identify food spoilage contaminants. These techniques help retain the authenticity and flavor of processed food products and increase their shelf life. Furthermore, continuous advancements in the field of microbiology and microbial identification equipment are creating a positive market outlook. Moreover, various initiatives undertaken by governments of various countries to prevent the spread of infectious diseases, coupled with the increasing expenditure on the healthcare industry, are anticipated to propel the market growth.
However, the high cost of automated microbial identification systems is likely to impede the market growth over the forecast period. Also, the high cost of automated microbial identification systems is likely to impede the market growth over the forecast period.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The report analyses the global Microbial Identification Market based on technology, application, end-user, and region.
Global Microbial Identification Market by Product & Service
On the basis of Product & Service, it is segmented into Instruments, Consumables, and Services. The instruments segments are also reported to show a constant growth rate over the forecast period owing to the rising awareness among the general population about healthcare and the increasing rate of surgical procedures. For instance, in September 2019, Guthrie, a U.S.-based integrated health care system, deployed Wolters Kluwer’s POC Advisor for the detection and treatment of sepsis at four area hospitals.
Global Microbial Identification Market by Method
By Method, the industry is classified into Phenotypic Methods, Genotypic Methods, Proteomics-based Methods. Among these Phenotypic Methods segment accounted for USD xx Million in 2021. Phenotypic Methods of Classifying and Identifying Microorganisms. Classification seeks to describe the diversity of bacterial species by naming and grouping organisms based on similarities. Phenotypic methods offer an advantage over genotypic methods in that they can identify a wide range of taxa, detect the resistance currently expressed, and resist genetic variability in resistance detection. Conventional phenotypic identification may involve a number of methods, including observation of growth and colony morphology on various media, analysis of manual biochemical reactions, and the use of automated and nonautomated commercially available biochemical panels.
Global Microbial Identification Market by Application
By application, microbial identification market has been segmented into diagnostics, food and beverage testing, pharmaceuticals, cosmetics and personal care products testing, others. During the forecast period, the food and beverage testing segment is expected to grow at the fastest CAGR of xx% in the Microbial Identification Market. Accurate microbiological testing technology is vital for the detection of foodborne pathogens, possible food spoilage organisms and technological strains. Rapid identification/confirmation and strain typing methods enable food and beverage manufacturers to make fast quality and safety decisions.
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to dominate the microbial identification market over the forecast period owing to the factors such as the rising burden of infectious diseases and outbreaks of epidemics, growing healthcare expenditure, and the presence of well-established healthcare infrastructure. The increasing prevalence of infectious diseases in the region is the key factor fuelling the market growth. For instance, As per the data published by the Centers for Medicare & Medicaid Services, in March 2022, titled “CMS Office of the Actuary Releases 2021-2030 Projections of National Health Expenditures”, it has been observed that the annual growth in national health spending is expected to be average 5.1% over 2021-2030. Also, the National Health Spending in 2020 was USD 4.1 trillion and it is projected to reach USD 6.8 trillion by 2030. Thus, the increasing healthcare spending is expected to increase company activities and government initiatives in developing technologically advanced testing products and equipment, thereby propelling the market growth.
In addition, rising technologically advanced products and the presence of key market players in the region are also expected to boost market growth over the forecast period. For instance, in January 2022, BD received 510(k) clearance from the United States Food and Drug Administration for BD Kiestra IdentifA system which is designed to automate the preparation of microbiology bacterial identification testing. Also, in January 2021, Bruker Corporation launched MBT Sepsityper Kit US IVD for rapid microbial identification of more than 425 microorganisms from positive blood cultures on the MALDI Biotyper CA System. Thus, owing to the aforementioned factors, the studied market is expected to grow over the forecast period..
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Major Players
The key players in the Microbial Identification Market are as Beckman Coulter Inc. (Danaher Corporation), Biolog Inc.,, BioMerieux SA,, Bruker Corporation, Charles River Laboratories International Inc,, Eurofins Scientific SE, Liofilchem S.r.l, Merck KGaA, Shimadzu Corporation, Thermo Fisher Scientific Inc., VWR International LLC., Wickham Micro Limited. among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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