Emerging Trends Microbial Identification Market by Types, Revenue, Growth

Posted by Kriti on January 28th, 2020

The market growth is primarily driven by the rising incidence of infectious diseases coupled with epidemic and pandemic outbreaks, increasing food safety concerns, technological advancements in microbial identification techniques, and government initiatives and funding to promote microbial identification.

The microbial identification market is expected to reach USD 3.00 Billion by 2022 from USD 2.04 Billion in 2016 at a CAGR of 6.6%.

Market Dynamics 

+ Drivers

+ Rising Incidence of Infectious Diseases Coupled with Epidemic and Pandemic Events
+ Technological Advancements in Microbial Identification
+ Increasing Food Safety Concerns
+ Government Initiatives and Funding for Promoting Microbial Identification

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“Instruments are estimated to account for the largest market share in 2017”

On the basis of product and service, the microbial identification market is classified into instruments, consumables, and services. The instruments are expected to lead the global microbial identification market in 2017. Factors driving the growth of this segment include the wide use of instruments across applications and technological advancements, which have led to the launch of innovative products.

“The phenotypic methods segment is estimated to dominate the market in 2017”

By method, the market is segmented into phenotypic, genotypic, and proteomics-based methods. The phenotypic methods segment is anticipated to account for the largest share of the global microbial identification market in 2017. These methods are cost-effective, easy to perform, and can deliver results rapidly. 

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https://www.marketsandmarkets.com/PressReleases/microbial-identification.asp