Microbial Identification Market Worth 3.00 Billion USD by 2022

PUNE, India, September 19, 2017 /PRNewswire/ --

According to a new market research report "Microbial Identification Market by Product & Service (Instruments, Consumables, Identification Services), Method (Phenotypic, Proteomics-based, Genotypic), Application (Pharmaceutical, Diagnostic, Environmental, Food), End User - Global Forecast to 2022", published by MarketsandMarkets™, the Microbial Identification Market is expected to reach USD 3.00 Billion by 2022 from USD 2.18 Billion in 2017, at a CAGR of 6.6%.

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Browse 184 Market Data Tables and 38 Figures spread through 227 Pages and in-depth TOC on "Microbial Identification Market"

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Factors driving the growth of this market include increasing incidence of infectious diseases coupled with epidemic and pandemic outbreaks, growing concerns about food safety, innovations in microbial identification techniques, and government initiatives and funding supporting microbial identification.

Instruments are estimated to account for the largest market share in 2017 

On the basis of product and service, the Microbial Identification Market is classified into instruments, consumables, and services. The instruments are expected to lead the global Microbial Identification Market in 2017. Factors driving the growth of this segment include the wide use of instruments across applications and technological advancements, which have led to the launch of innovative products.

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The phenotypic methods segment is estimated to dominate the market in 2017 

By method, the market is segmented into phenotypic, genotypic, and proteomics-based methods. The phenotypic methods segment is anticipated to account for the largest share of the global Microbial Identification Market in 2017. These methods are cost-effective, easy to perform, and can deliver results rapidly. Therefore, they are widely adopted across industries, which is a major factor responsible for the large share of this segment.