Microbial Identification Market worth $1,194.1 Million by 2019 - New Research Report by MarketsandMarkets

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This research report covers the global microbial identification market by product, method application, end user, and geography. http://www.marketsandmarkets.com/Market-Reports/microbial-identification-market-10702182.html

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Charles River Laboratories Inc. (U.S.), MIDI Inc. (U.S.), QIAGEN N.V. (Netherlands), Shimadzu Corporation (Japan), Siemens Healthcare (Germany), Sigma-Aldrich Corporation (U.S.), and Thermo Fisher Scientific Inc. (U.S.)

The microbial identification market is witnessing significant growth across the globe due to factors such as high prevalence of infectious diseases, technological advancements in products, growing food safety concerns, government initiatives, and higher healthcare expenditure in the emerging geographies. Furthermore, factors such as focus on antimicrobial identification and bioterrorism surveillance are likely to drive the market growth. The key players are focusing on providing innovative products which are cost effective and yield reliable results over a short period. Owing to this, companies focus on partnerships, collaborations, new product launches, and acquisitions in order to attain a leadership position in the market.

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The global microbial identification market is estimated at $896.5 million in 2014 and is expected to reach $1,194.1 million by 2019, growing at a CAGR of 5.9% from 2014 to 2019.

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On the basis of methods, the microbial identification market is segmented into phenotypic and genotypic methods for identification. The genotypic methods showcase a lucrative growth potential and represent the new revenue pockets. The genotypic methods provide reduction in procedural costs along with continuous technological advancements in its products. High growth in these markets can be attributed to its ability to deliver rapid, accurate, and reproducible results that are independent to the growth conditions and physiological state of the microorganisms. Furthermore, this method is used in the identification of viruses. Owing to its advantages, genotypic techniques are used in different areas like clinical diagnostics and pharmaceutical research. The growth in these application areas is supposed to drive the growth of the genotypic market.

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Major players in the microbial identification market are Bruker Corporation (U.S.), bioMérieux SA (France), Siemens healthcare (Germany) and Thermo Fisher Scientific, Inc. (U.S.).

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