Report : Europe Microbial Identification Methods Market Forecast to 2030 - Regional Analysis - By Method (Genotypic, Phenotypic, and Proteotypic) and Type (Bacterial Identification System, Microbial Enumeration System, Bacterial Resistance Identification Systems, Microbiology Analyzer, and Others)
At 7.2% CAGR, the Europe Microbial Identification Methods Market is Projected to be Worth US$ 2,155.49 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the Europe microbial identification methods market was valued at US$ 1,232.92 in 2022 and is expected to reach US$ 2,155.49 million by 2030, registering a CAGR of 7.2% from 2022 to 2030. Rising demand for microbial identification methods across various end users and government initiatives and funding to promote microbial identification are among the critical factors attributed to the Europe microbial identification methods market expansion.
There is an escalating demand for microbial identification products across various industries, including pharmaceuticals, biotechnology, food & beverages, and diagnostics. For instance, Charles River Laboratories processes more than 620,000 environmental isolates yearly through their microbial identification and strain typing services, expanding the organism library based on real samples frequently recovered from QC laboratories worldwide. This rise in demand is fueled by a confluence of elements that highlight the crucial role that microbial identification plays in guaranteeing the quality, safety, and advancement of research. In the pharmaceutical and biotechnology sectors, stringent regulatory requirements necessitate precise identification of microorganisms to maintain the integrity of drug production processes. Furthermore, in pharmaceutical and biotechnology, microbial identification products play a vital role in research and development, aiding scientists in understanding and manipulating microorganisms for therapeutic and industrial applications. The demand for microbiological identification is also growing across the food & beverages industry. With consumers becoming increasingly conscious of food safety and quality, companies in this sector rely on these methods to detect and mitigate potential contaminants and spoilage organisms. This not only ensures the production of safe and high-quality consumables but also helps extend shelf life, reduce waste, and meet regulatory standards. In the field of diagnostics, microbial identification has revolutionized the healthcare landscape. Timely and accurate identification of pathogens is crucial for diagnosing infectious diseases, guiding treatment decisions, and controlling outbreaks. Molecular techniques and advanced microbial identification products have become indispensable tools for healthcare providers and clinical laboratories. Besides these sectors, microbial identification finds applications in environmental monitoring, water treatment, research, and academia. Researchers across various disciplines depend on these products to unravel the intricacies of microbial ecosystems, conduct groundbreaking experiments, and contribute to scientific advancements. Microbial identification products are becoming more widely available, effective, and adaptable as technology develops. A shared dedication to quality, safety, and scientific advancement is likely to sustain their rising popularity across these different end-user categories. This emphasizes the crucial significance that microbial identification plays in determining the direction of many industries and guaranteeing the health of communities worldwide.
On the contrary, high cost of automated microbial identification systems hampers the growth Europe microbial identification methods market.
Based on method, the Europe microbial identification methods market is segmented into genotypic, phenotypic, and proteotypic. The phenotypic segment held 53.3% share of the Europe microbial identification methods market in 2022, amassing US$ 657.07 million. It is projected to garner US$ 1,110.75 million by 2030 to expand at 6.8% CAGR during 2022-2030. The genotypic segment is further subsegmented into instruments, kits, reagents. The phenotypic segment is further subsegmented into instruments, kits, reagents. The proteotypic segment is further subsegmented into instruments, kits, reagents.
By type, the Europe microbial identification methods market is segmented into bacterial identification system, microbial enumeration system, bacterial resistance identification systems, microbiology analyzer, and others. The bacterial identification system segment held 37.8% share of the Europe microbial identification methods market in 2022, amassing US$ 465.52 million. It is projected to garner US$ 872.31 million by 2030 to expand at 8.2% CAGR during 2022-2030.
Based on country, the Europe microbial identification methods market is segmented into Germany, France, Italy, Spain, the UK, Austria, Benelux, and the Rest Europe. Germany held 23.3% share of Europe microbial identification methods market in 2022, amassing US$ 287.38 million. It is projected to garner US$ 576.90 million by 2030 to expand at 9.1% CAGR during 2022-2030.
Key players operating in the Europe microbial identification methods market are Accelerate Diagnostics Inc, Avantor Inc, Becton Dickinson and Co, bioMérieux SA, Bruker Corp, Danaher Corp, Merck KGaA, Molzym GmbH & Co KG, Shimadzu Corp, Thermo Fisher Scientific Inc, among others.