HOME Research Insight Genotypic Technologies are the New Revenue Pockets for the Microbial Identification Market

Genotypic Technologies are the New Revenue Pockets for the Microbial Identification Market

The microbial identification market is witnessing significant growth across the globe due to factors such as high prevalence of infectious diseases, technological advancements in products, growing food safety concerns, government initiatives, and higher healthcare expenditure in the emerging geographies. Furthermore, factors such as focus on antimicrobial identification and bioterrorism surveillance are likely to drive the market growth. The key players are focusing on providing innovative products which are cost effective and yield reliable results over a short period. Owing to this, companies focus on partnerships, collaborations, new product launches, and acquisitions in order to attain a leadership position in the market.

On the basis of methods, the microbial identification market is segmented into phenotypic and genotypic methods for identification. The genotypic methods showcase a lucrative growth potential and represent the new revenue pockets. The genotypic methods provide reduction in procedural costs along with continuous technological advancements in its products. High growth in these markets can be attributed to its ability to deliver rapid, accurate, and reproducible results that are independent to the growth conditions and physiological state of the microorganisms. Furthermore, this method is used in the identification of viruses. Owing to its advantages, genotypic techniques are used in different areas like clinical diagnostics and pharmaceutical research. The growth in these application areas is supposed to drive the growth of the genotypic market.

Related Reports:

Microbial Identification Market by Products (Consumables, Instruments, Services), Methods (Phenotypic, Genotypic), Application (Pharmaceutical, Diagnostic, Environmental, Food & Beverages) & by End User (Detection, Characterization) - Global Forecasts to 2019

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