The global microbial identification market size is estimated to be USD 3.2 billion in 2020 and is projected to reach USD 5.7 billion by 2025, at a CAGR of 12.2%. Growth in this market is largely driven by the rising incidence of infectious diseases and the increasing frequency of pandemics, technological advancements, increasing food safety concerns, and increasing government initiatives and funding to detect and control antimicrobial-resistant species.
COVID-19 Impact On The Global Microbial Identification Market
According to a study conducted by ClinicalTrials.gov, to prevent screening shortages, an innovative PCR-free alternative strategy was developed based on the detection of specific protein signatures in human saliva by MALDI-TOF MS profiling. MALDI-TOF MS profiling is a method used in routine diagnostics by microbiology laboratories for the identification of microorganisms. MALDI-TOF MS profiling has been successfully used to classify individuals according to their infectious status based on the analysis of their saliva. It is also used as a tool for the identification of respiratory viruses from cell culture supernatants. MALDI-TOF MS is one of the major technologies used in microbial identification.
The COVID-19 pandemic has had a major impact on the US, China, India, as well as many major European countries. Since most of these countries are major manufacturers of the instruments and consumables used for microbial identification, the pandemic, and nationwide lockdowns have caused a decline in the sales of these products. This has negatively affected the microbial identification market. However, the market is expected to recover in the next one to two years.
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Microbial identification is mainly used for human disease diagnosis. It delivers rapid and reliable results that help in the timely adoption of appropriate therapies. Microbial identification products can improve the management of infectious diseases, especially in areas with inadequate healthcare infrastructure. It is estimated that approximately 1,400 pathogens can cause human diseases.
Pathogenic bacteria alone cause about 350 million cases of foodborne diseases. About 48 million foodborne illnesses occur annually in the US alone, which leads to approximately 128,000 hospitalizations and 3,000 deaths every year. Poor water hygiene can cause 1.7 million deaths a year worldwide, and 9 out of 10 deaths occur in children. Most of these deaths, however, are observed in developing countries (NCBI).
Thus, the high prevalence and incidence of different infectious diseases, coupled with the increasing frequency of pandemics, are driving growth in the microbial identification market.
Academic research laboratories generally cannot afford such systems as they have limited budgets. In addition, the maintenance costs and several other indirect expenses result in an overall increase in the total cost of ownership of these instruments. This hinders the mass adoption of automated microbial identification systems, especially by relatively small institutions.
Recent Developments
- In 2019, bioMérieux acquired Invisible Sentinel (US) to strengthen its food pathogen testing and spoilage organism detection capabilities by expanding its business into new customer segments, such as breweries and wineries.
- In 2019, Thermo Fisher Scientific (US) opened a food safety customer solution center in Delhi, India. The new center focuses on meeting the demands of scientists in food and beverage laboratories by developing critical workflows and integrated solutions that help build the food safety capacity in India.
- In 2019, Merck (Germany) partnered with the FSSAI for skill development in food safety. Under the terms of this partnership, Merck handed over a fully equipped microbiological testing laboratory to the FSSAI to provide training on the latest technologies in microbiological testing for food safety.
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COVID-19 Impact Analysis on Human Identification Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Human Identification include Agilent Technologies, Thermo Fisher Scientific Inc., Qiagen N.V., Illumina Inc., Promega Corporation, LGC Limited, NMS Labs Inc., Laboratory Corporation of America Holdings, General Electric Company (GE Healthcare), Hamilton Company, Eurofins Scientific, Integenx Inc..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Human Identification Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/human-identification-market/download-sampleMarket SegmentationThe broad Human Identification has been sub-grouped into the Product & Service, Technology, Application and Region.
The report studies these subsets with respect to the geographical segmentation.
