If you are new to TikTikTalk ? Your first verification mail might be in your spam folder.Check there and move it to your inbox to complete registration or account verification process..
Спонсоры
sociofans

Microbial Identification Market worth $5.7 Billion

0
1Кб

The global microbial identification market is projected to grow at a compound annual growth rate (CAGR) of 12.2% from 2020 to 2025 to reach $5.7 billion by 2025, according to a new report from MarketsandMarkets. Key factors driving this rapid growth include the rising incidence of infectious diseases and frequency of pandemics, advances in identification technologies, increasing food safety concerns, and rising government funding to detect and control antimicrobial resistance.

Request for Free Sample Report

The prevalence of infectious diseases continues to rise globally, with hundreds of millions of foodborne illness cases each year in addition to upwards of tens of millions of cases annually of diseases like tuberculosis, HIV/AIDS, and others. The COVID-19 pandemic has further highlighted the threat posed by novel pathogens. This is increasing demand for microbial identification tools to enable rapid diagnosis and inform treatment decisions. Government and health organizations are responding by devoting more resources to antimicrobial resistance monitoring and control through national action plans, funding, and strategic partnerships.

At the same time, mass spectrometry, polymerase chain reaction (PCR), and other microbial identification technologies are advancing to offer greater speed, accuracy, and applicability to different pathogen types. Major players in the industry are actively investing to improve their product portfolios through strategic acquisitions and facility expansions. For example, bioMerieux recently acquired Invisible Sentinel to expand into new customer segments like breweries, while Thermo Fisher Scientific opened a customer solutions center in India focused on the food industry.

Among products and services, consumables like test panels and culture media account for the majority of revenue, underpinning the strong recurring revenue business models of leading vendors. By technology, mass spectrometry has the largest market share owing to its versatility and precision for bacterial, fungal, and archaeal pathogen identification. Hospitals, clinical labs, and blood banks make up the largest end-user segment due to the immense volume of diagnostic testing carried out to inform the prevention and treatment of infectious diseases.

While North America held the greatest share of the global microbial identification market in 2019, developing regions present rich expansion opportunities. Governments in China, India, and elsewhere are actively promoting domestic capabilities through funding, national antimicrobial resistance action plans, and cross-sector strategic partnerships. However, complex regulatory frameworks in established markets like the United States and European Union pose barriers to obtaining rapid approval for new products. Companies also face challenges making automated identification systems affordable and accessible to less well-funded institutions and labs in developing markets.

Request for Free Sample Report

The competitive landscape is occupied by a handful of globally dominant players, including bioMerieux, BD, Thermo Fisher Scientific, Danaher Corporation, Merck KGaG, and others. Most companies are focusing both on internal R&D and external partnerships and acquisitions to expand their customer reach and keep pace with the latest identification technologies. Developing creative financing models to promote uptake in cost-sensitive markets offers an avenue for accelerating growth.

Top 10 Companies in the Tissue Diagnostics Market
Top 10 Companies in Human Capital Management Market
Top 10 Companies Leading the Patient Engagement Solutions Market
Top 10 Companies in the Blood Collection Devices Market

Спонсоры
Спонсоры
Поиск
Спонсоры
Категории
Больше
Другое
Top Tractors, Tractor Prices, and Tractor Brands in India in 2023
A tractor is a vehicle specifically designed for use in agriculture and other outdoor...
От sahubarkha 2023-04-21 10:59:47 0 3Кб
Другое
Blue Fin Vision
At Blue Fin Vision Eye Clinic, primarily located on Harley Street in London, we are proud of our...
От workdesk 2024-12-19 10:33:04 0 112
Networking
Veterinary Dental X-ray Generators Market Growing Geriatric Population to Boost Growth 2030
According to the Regional Research Reports, the Global Veterinary Dental X-ray Generators...
От Nit234 2023-04-05 09:14:49 0 4Кб
Networking
Cloud Block Storage Market 2024-2032 Size, Geographic Scope, Share, Trends and Growth Analysis Report
The Cloud Block Storage Market research report is built on a thorough analysis of customer...
От Alexalee30 2024-06-28 10:23:53 0 3Кб
Networking
Social Discovery Software Market size See Incredible Growth during 2033
According to Regional Research Reports, the Global Social Discovery Software...
От Nit234 2023-11-14 11:02:17 0 2Кб
Спонсоры