Microbial Identification Market Expected to Reach $6.4 Billion by 2032

According to a new report published by Allied Market Research, titled, “Microbial Identification Market," The microbial identification market was valued at $3.5 billion in 2022, and is estimated to reach $6.4 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032. The instruments segment is expected to register the highest CAGR of 6.9% during the forecast period. In addition, the Asia-Pacific is expected to register the highest CAGR of 7.6% during the forecast period. 

Microbial identification involves the process of determining the specific types of microorganisms present in each sample, such as bacteria, viruses, fungi, or protozoa. Utilizing a range of techniques including microscopy, culture methods, and advanced molecular biology tools, this scientific discipline aims to characterize and differentiate microorganisms based on their morphological, biochemical, and genetic traits.  

The microbial identification market trends include surge in incidences of infectious disease and increase in demand for real time polymerase chain reaction (RT-PCR) testing drives the demand for microbial solutions. For instance, according to the World Health Organization (WHO) around 1.3 million people were newly infected with HIV infection globally in 2022. Thus, rise in prevalence of infectious diseases propels the market growth. However, stringent regulations and policies for testing hamper market growth. Moreover, the rise in technological advancements and high growth rate exhibited by developing economies are expected to present lucrative opportunities for key players in the microbial identification market during the forecast period.  

The microbial identification market analysis is segmented on the basis of product and service, method, technology, end user, and region. By product and service, the market is classified into instruments, consumables, and services. The consumables segment dominated the market share in 2022. This is attributed to the consistent need for these consumables across various applications, including food safety testing, and environmental monitoring. However, the instruments segment is expected to register the highest CAGR during the forecast period. This is attributed to the increase in demand for high-throughput identification and advanced instruments in various industries, including healthcare, pharmaceuticals, and food safety. 

By method, the market is classified into phenotypic method, genotypic method, and proteomic method. The phenotypic method segment dominated the market share in 2022. This is attributed to its familiarity, simplicity, and cost-effectiveness, making it accessible to a wide range of laboratories, including those in resource-constrained settings. However, the genotypic method segment is expected to register the highest CAGR during the microbial identification market forecast period. This is attributed to as they offer a higher level of specificity and sensitivity compared to traditional phenotypic methods and its inherent advantages in providing accurate and rapid identification of microorganisms. 

By technology, the market is classified into mass spectrometry, PCR, flow cytometry, and others. The mass spectrometry segment dominated the microbial identification market share in 2022. This is attributed to its high precision, rapid results, and versatility in identifying a wide range of microorganisms. However, the PCR segment is expected to register the highest CAGR during the forecast period. This is attributed to the numerous advantages offered by PCR in terms of sensitivity, specificity, and efficiency in identifying and amplifying genetic material. 

By end user, the market is segregated into food and beverage industry, pharmaceutical and biotechnological industry, environmental water industry, and others. The food and beverage industry segment dominated the microbial identification market share in 2022 and is expected to register the highest CAGR during the forecast period. This is attributed to consumers becoming more conscious of the source and safety of their food, regulatory bodies worldwide have imposed strict guidelines on microbial testing in the food and beverage industry. This led to an increased adoption of advanced microbial identification technologies and drive the segment growth. 

On the basis of region, North America accounted for largest share in 2022 and is expected to remain dominant during the forecast period, owing to well-established and highly regulated pharmaceutical and biotechnology industry, with a significant emphasis on product safety and compliance with stringent regulatory standards set by authorities such as the U.S. Food and Drug Administration (FDA). In addition, the rise in adoption of cutting-edge technologies, such as next-generation sequencing and advanced molecular techniques, enhances the accuracy and speed of identification processes further drive the microbial identification market size.

However, Asia-Pacific is anticipated to witness notable growth, owing to rapid expansion in the pharmaceutical and biotechnology industries, due to factors such as high population growth, rise in healthcare awareness, and increase in investment in research and development. In addition, the rise in prevalence of infectious conditions fuels the demand for pharmaceuticals and medical devices thereby driving the need for reliable identification to ensure the safety of these products further supports the microbial identification industry . 

Key Findings of the Study    

• On the basis of product and service, the consumables segment dominated the market in terms of revenue in 2022. However, the instruments segment is expected to register the highest CAGR during the forecast period. 

• On the basis of method, the phenotypic method segment dominated the microbial identification industry in terms of revenue in 2022. However, the genotypic method segment is expected to register the highest CAGR during the forecast period.

• By technology, the mass spectrometry segment dominated the market in terms of revenue in 2022. However, the PCR segment is expected to register the highest CAGR during the forecast period. 

• On the basis of end user, the food and beverage industry segment dominated the microbial identification market size in terms of revenue in 2022 and is expected to register the highest CAGR during the forecast period. 

• On the basis of region, North America dominated the market in terms of revenue in 2022. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.