Microbial Identification Market – Analysis and Forecast To 2024 | Danaher Corporation, VWR Corporation.

Microbial identification is a method of accurate and conclusive detection of microorganisms, such as viruses, bacteria, and pathogen. It is broadly implemented in healthcare and management such as infection treatments and disease diagnosis. The global microbial identification market is growing at significant rate, due to mounting occurrence infectious diseases and technological improvement. Different product and services contributed to the microbial identification market size. The market has witnessed high demand for instruments in the coming years due to widespread usage of instruments.

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Initiatives to find and limit antimicrobial-resistant species, bioterrorism surveillance and mounting healthcare spending and refining healthcare infrastructure in developing economies are also facilitating the growth for the microbial identification market.

Elevated price of automated microbial identification systems and complicated regulatory frameworks are the major challenges for the growth of microbial identification market.

Globally, the manufacturing companies trying to enter the microbial identification market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is observed to witness fastest growth in the market, due to budding need for microbial identification. In addition, mounting occurrence of infectious diseases, improving healthcare infrastructure and mounting healthcare expenditure are also creating a positive impact on the microbial identification market growth in the region.

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Key players in the microbial identification market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In March 2018, Danaher Corporation signed an agreement to acquire Integrated DNA Technologies to expand its presence in genomic market. Becton, Dickinson and Company, Biomérieux S.A., Bruker Corporation, Thermo Fisher Scientific Inc., Shimadzu Corporation, Danaher Corporation, VWR Corporation, Merck KGaA, Eurofins Scientific S.E., Charles River Laboratories International, Inc. and Wickham Laboratories Ltd are the key players offering microbial identification.

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