Microbial Identification Market by End-user and Geography - Forecast and Analysis 2021-2025

The microbial identification market share is expected to increase by USD 991.90 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8%.

This microbial identification market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers microbial identification market segmentation by end-user (healthcare industry, food and beverage industry, and others) and geography (North America, Europe, Asia, and ROW). The microbial identification market report also offers information on several market vendors, including Becton, Dickinson and Co., bioMérieux SA, Bruker Corp., Charles River Laboratories International Inc., Danaher Corp., Eurofins Scientific SE, Merck KGaA, QIAGEN NV, Shimadzu Corp., and Thermo Fisher Scientific Inc. among others.

What will the Microbial Identification Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Microbial Identification Market Size for the Forecast Period and Other Important Statistics

 

Microbial Identification Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing applications of microorganisms is notably driving the microbial identification market growth, although factors such as limited shelf life of microbiology reagents may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the microbial identification industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Microbial Identification Market Driver

One of the key factors driving growth in the microbial identification market is the increased applications of microorganisms. Microbial identification methods utilize microorganisms to produce food items and beverages, food additives and supplements, microbial enzymes, industrial chemicals, and biofuels, among others, which are of economic importance. Industrial microbiologists perform various activities for producing commercial products from microorganisms that include the isolation of microorganisms from nature, their screening for product formations, the maintenance of cultures, mass culture using bioreactors, and the retrieval of products followed by their purification. All these activities require microbial identification systems, kits, and reagents. Hence, the increased use of microorganisms in the production of food and beverage products, pharmaceutical products, and biofuels is expected to drive the global microbial identification market growth during the forecast period.

Key Microbial Identification Market Trend

The bioproduction driving demand for microbial culture is another factor supporting the microbial identification market share growth. Bioproduction in the food and beverage processing industry has gained a lot of popularity in recent years. The use of microorganisms and enzymes in various food and beverage manufacturing processes has become a sector of economic importance. The biotechnology methods in the food processing industry have introduced several features to improve the selection of microorganisms and their subsequent use in fermentation control and solving quality-related problems. This has resulted in the food processing industry focusing extensively on R&D and identify specific microorganisms to stimulate innovations in the industry. The increase in the demand for the bioproduction of food products and beverages with the help of microorganisms is likely to drive the growth of the global microbial identification market.

Key Microbial Identification Market Challenge

The limited shelf life of microbiology reagents will be a major challenge for the microbial identification market during the forecast period. The shelf life of microbiology reagents depends on their chemical and physical characteristics, which plays a crucial role in their ability to assess microbial growth and analyze it accurately. Microbiology reagents have storage conditions, along with expiry dates and short shelf life. Several factors, such as exposure to high humidity levels and chemo-oxidation, further affect the efficacy of microbiology reagents. Though the packaging of microbiology reagents is designed to retain their stability and ensure protection, reagents that are exposed to moisture and gases from the atmosphere, high temperatures, bacterial growth, and light can degrade and lose their efficacy in the intended applications. Hence, the short shelf life of microbiology reagents has a negative impact on the global microbial identification market.

This microbial identification market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global microbial identification market as a part of the global life sciences tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the microbial identification market during the forecast period.

Who are the Major Microbial Identification Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Becton, Dickinson and Co.
• bioMérieux SA
• Bruker Corp.
• Charles River Laboratories International Inc.
• Danaher Corp.
• Eurofins Scientific SE
• Merck KGaA
• QIAGEN NV
• Shimadzu Corp.
• Thermo Fisher Scientific Inc.

 

This statistical study of the microbial identification market encompasses successful business strategies deployed by the key vendors. The microbial identification market is fragmented and the vendors are deploying growth strategies such as new product launches, M&A, and collaborations to compete in the market.

Product Insights and News

• Shimadzu Corp. - The company offers microbial identification products under the brand name of Axima.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The microbial identification market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Microbial Identification Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the microbial identification market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of life sciences tools and services market includes the following core components:

• Research and development
• Inputs
• Production
• Distribution
• Marketing and sales
• Post-sales and services
• Industry innovations

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Microbial Identification Market?

For more insights on the market share of various regions Request for a FREE sample now!

39% of the market's growth will originate from Europe during the forecast period. UK and Germany are the key markets for microbial identification in Europe. Market growth in this region will be faster than the growth of the market in the North American and ROW regions.

The extensive focus on research activities by pharmaceutical companies to develop drugs and vaccines will facilitate the microbial identification market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Growth in COVID-19 research activities for vaccine development has also surged the preclinical activities in the region in 2020. Pharmaceutical companies are collaborating with academic research institutes for the rapid development of the COVID-19 vaccine. For instance, in April 2020, UK-based AstraZeneca Plc announced a collaboration with Oxford University to develop the COVID-19 vaccine.

What are the Revenue-generating End-user Segments in the Microbial Identification Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The microbial identification market share growth by the healthcare industry segment will be significant during the forecast period. The global healthcare industry is growing with the rise in the number of pharmaceutical companies to meet the increased demand for novel drugs. This is due to the rising prevalence of rare diseases such as neonatal herpes and diphtheria. The growth of the pharmaceutical industry will be mainly driven by market expansion in developing countries due to the low labor and manufacturing costs. Furthermore, the development of a new drug requires huge capital investments, technological expertise, and human resources. These drugs should follow all the industry standards during the discovery or development because if found contaminated in the later stages, the industry will incur a loss. Hence, with the growth of the pharmaceutical industry, the demand for microbial identification is increasing.

This report provides an accurate prediction of the contribution of all the segments to the growth of the microbial identification market size and actionable market insights on post COVID-19 impact on each segment.

 

Microbial Identification Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 8%
Market growth 2021-2025	$ 991.90 million
Market structure	Fragmented
YoY growth (%)	7.00
Regional analysis	North America, Europe, Asia, and ROW
Performing market contribution	Europe at 39%
Key consumer countries	US, Canada, Germany, UK, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Becton, Dickinson and Co., bioMérieux SA, Bruker Corp., Charles River Laboratories International Inc., Danaher Corp., Eurofins Scientific SE, Merck KGaA, QIAGEN NV, Shimadzu Corp., and Thermo Fisher Scientific Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Microbial Identification Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive microbial identification market growth during the next five years
• Precise estimation of the microbial identification market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the microbial identification industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of microbial identification market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch