Microbial identification market to be worth over $1 billion by 2019

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  • Published: Jul 30, 2014
  • Author: Jon Evans
  • Channels: Proteomics & Genomics / Sample Preparation / Detectors / Laboratory Informatics / Gas Chromatography / Ion Chromatography / HPLC / Electrophoresis

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According to a new report from MarketsandMarkets, the global microbial identification market will be worth almost $1200 million by 2019, up from just under $900 million in 2014.

Growth will be driven by a range of factors, including technological advancements in products, high prevalence of infectious diseases, growing food safety concerns, government initiatives and higher healthcare expenditure in emerging markets. Examples of technological advancements include using capillary electrophoresis to identify infectious microbes, which could lead to the development of new, portable devices.

Analytical science companies such as Bruker Corporation and Thermo Fisher Scientific are already major players in this market.

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