The global microbial identification market was valued at $951.8 million in 2015, and it is expected to grow at a CAGR of 6.0% during the period 2016 - 2022. The global market is increasing, due to increasing incidence of infectious diseases, increasing healthcare expenditure, growing awareness and food safety concerns. In addition, technological advancements with advent of innovative microbial identification products are further encouraging the market growth.

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Based on products, the consumables segment accounted for the largest share during the forecast period. Among the end-users, the hospital segment accounted for the largest share in the global market in 2015; and the segment is expected to grow at 6.4% CAGR during 2016 – 2022.

The rapid identification of microorganisms in clinical microbiology laboratory for infections caused by virus, fungi, mycobacterium, parasite and bacterial are needed for patient management for infections. Genotypic microbial identification provides technological advancement in the field of microbial identification. The new methods are rapid, provide high throughput in less time and are effective.

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The key companies operating in the global Microbial identification market include Becton, Dickinson and Company, Danaher Corporation, Siemens AG, Shimadzu Corporation, BioMerieux SA, Thermo Fisher Scientific Inc., Qiagen N.V., Midi Inc, Charles River Laboratories Inc., Biolog Inc. and Bruker Corporation.