Microbial Identification Panel Market Deep Analysis by Production Overview and Insights 2018-2027

The global microbial identification panel market accounted to US$ 2,288.7 Mn in 2018 and is expected to grow at a CAGR of 6.2% during the forecast period 2019 – 2027, to account to US$ 3,873.1 Mn by 2027.

In 2018, Asia Pacific accounted as the fastest growing region in the global microbial identification panel market and was projected to grow at a faster pace over the forecast period. The growth of the microbial identification panel market is mostly held by China than in other countries. The increase is widely contributed due to the presence of various pharmaceutical industry and other healthcare industry which are anticipated to use microbial identification panels. In addition, the market in the countries such as Japan and India is estimated to grow due to the growing investment in Japanese Pharmaceutical industry, rising microbial applications in the field of agriculture, food, etc. are likely to influence the growth of the microbial identification panel market. Moreover, the market is expected to have growth opportunities in countries such as South Korea and Australia due to the development of the pharmaceutical and biotechnology secto

Market Insights

Rising Use of Micro-organism for Industrial Applications

Micro-organisms are widely used in the large scale industrial processes. The micro-organisms are used in the production of several metabolites, such as ethanol, butanol, lactic acid, and riboflavin. The micro-organisms are also used for the transformation of chemicals that assist in the reduction of environmental pollution. The micro-organism is also used in other industries such as pharmaceutical, food & agriculture these industries wide range of microbial application. For instance, micro-organisms are used to create biofertilizers or to reduce metal pollutants. The advancement in microbial technology has enabled the use of micro-organisms to produce certain non-microbial products, such as diabetes medication insulin.

In addition, the advancement in technology has helped in the removal of rich genetic resource of non-cultured microorganisms has led to the discovery of new genes, enzymes, and naturally occurring products. The results of the microbial technology have led to the development of most of the commodity and fine chemicals, agrochemicals, and pharmaceuticals. Therefore the discovery of the novel genes, enzymes from the microorganisms has impacted greatly in the production of industrial products through the industrial and biotechnological applications. Therefore, owing to the above-mentioned factors, it is estimated that the rising use of the microorganism for the industrial application is likely to grow the market during the forecast period

Advancement in The Field of Microbiology

Advancement in technologies is rising in rapidly. The rising trend is making the clinical and medical diagnostics much easier. The technological advancement has reduced the time of microbial identification and analyzing procedures. It has also helped in getting outcomes more accurately and efficiently. The next-generation sequencing method has allowed understanding the genetic make-up of micro-organism for various industrial application.

In addition, the advancement in technology has resulted in the rising commercial use of the micro-organisms and has also increased the microbiology field. The advancement has allowed combining the traditional identification kits along with the automated microbial identification systems. For instance, bioMérieux has developed an API system and the Biolog Microbial ID system using a 96-well microplate format. The development in technology has enabled the systems to handle larger numbers of isolates automatically.

Company Profiles

  • Becton, Dickinson and Company
  • Thermo Fisher Scientific Inc.
  • Danaher Corporation
  • bioMérieux
  • Merck KGaA
  • Charles River Laboratories, Inc.
  • Bruker Corporation
  • Shimadzu Corporation
  • Avantor (VWR International LLC)
  • Eurofins Scientific

Moreover, the development in the technologies has resulted into the innovation of various methods for the microbial identification, For instance, protein analysis using Matrix-Assisted Laser Desorption onization-Time of Flight (MALDI-TOF) mass spectrometry and gas chromatography analysis of extracted cellular fatty acids and fatty acid methyl esters (FAMEs) have been developed. These both methods are widely used for the production of commercial products by the pharmaceutical industry. Also, these technologies are being supported by an extensive profile of databases and software. Thus, technology development has various advantages and has developed speed over culture-based methods.

Product & Services Type Insights

The global microbial identification panel market by product & services segments was led by instruments. In 2018, the instruments accounted for the largest market share in the global microbial identification panel market. The growing spending by hospitals, pharmaceutical and food industry on microbial identification activities, are driving the total number of instrument purchased. Therefore, it is expected that instruments market is likely to propel during the forecast period.

Exhibit: South and Central America Microbial Identification Panel Market, by Product & Services

Strategic Insights

Organic and inorganic growth strategies were observed in global microbial identification panel industry. The organic strategies which were conducted more compared to the inorganic strategies for the Microbial Identification Panel. For instance, in June, 2019, Bruker has announced that it has launched MALDI Biotyper Sirius system. The system was launched at ASM Microbe Conference. The system is used for the universal, fast and cost-effective microbial identification from cultures in microbiology.

Microbial Identification Panel – MARKET SEGMENTATION

Global Microbial Identification Panel Market – By Product & Service

  • Instruments
    • Automated Microbial Identification Systems
    • Mass Spectrometers
    • PCR
    • Other Instruments
  • Consumables
    • Plates and Media
    • Reagents and Kits
    • Other Consumables
  • Software and Services

Global Microbial Identification Panel Market – By Method

  • Phenotypic
  • Genotypic
    • Sanger Sequencing
    • Next-Generation Sequencing (NGS)
      • 16S/18S/ Internal Transcribed Spacer (ITS) rRNA Sequencing
      • Metagenomics Sequencing
      • Antimicrobial Resistance Testing
      • Other Sequencing

Global Microbial Identification Panel Market – By End User

  • Hospitals & Diagnostics Laboratories
  • Pharmaceutical Companies
  • Other End User

By Geography

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • UK
  • Spain
  • Italy
  • Asia Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Middle East & Africa (MEA)
  • Saudi Arabia
  • South Africa
  • UAE
  • South America (SAM)
  • Brazil
  • Argentina

Read More@ https://www.theinsightpartners.com/reports/microbial-identification-panel-market

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