The Reports "Microbial Identification Market Methods ( Genotypic, Phenotypic), Products (Instruments, Consumables, Services), Application (Diagnostic, Pharmaceutical, Food & Beverages, Environmental), End User (Characterization, Detection) - Global Forecasts to 2019" provides a detailed overview of the major drivers, challenges, restraints, current market trends, opportunities, and strategies impacting the Microbial Identification market along with the estimates and forecasts of the revenue and share analysis.
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.
Microbial identification report studies the microbial identification market by product, method, application, end user, and geography. The microbial identification market involves the identification of products and services, applications, technologies, and end users in the global market for the detection, identification, and characterization of microorganisms. This market is made up of several factors, including the progress of the high prevalence of infectious diseases, a growing number of food safety issues, government funding and capital, technology and new and innovative products introduced in the form of initiatives to drive in emerging economies and focus on untapped markets. However, the complexity of the regulatory framework and identification of instruments high cost limits the development prospects of the market.
Based on geography, the global microbial identification market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the market by the end of 2014.
The prominent players in the microbial identification market are bioMérieux SA (France), Bruker Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and Siemens healthcare (Germany).