Posted 3/11/2024, 12:30:00 PM
Microbial Identification Market Poised for Steady Growth to Reach $6.4 Billion by 2032 Driven by Infectious Disease Testing and Food Safety
- Global microbial identification market to reach $6.4 billion by 2032, growing at a CAGR of 6.2%
- Rise in infectious diseases, food safety awareness, and technological advancements driving market growth
- Consumables product segment accounted for over 50% revenue share in 2022
- Phenotypic method segment held over 40% revenue share in 2022
- North America dominated the market in 2022 with over 1/3rd revenue share