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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.
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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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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