Antimicrobial Susceptibility Testing Market Size, Share, Forecast, & Trends Analysis
Meticulous
Research®– a leading global market research company published a research report
titled “Antimicrobial
Susceptibility Testing Market,
by Product (Manual {Susceptibility Discs, Plates, MIC Strips}, Consumables,
Automated), Method (Diffusion, Dilution), Application (Clinical Diagnostics),
End User (Hospitals, Pharma, Institutes) - Forecast to 2028.”
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free sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5062?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=25-06-2024
According
to this latest publication from Meticulous Research®, the Antimicrobial
Susceptibility Testing Market is expected to reach $5.99 billion by 2028, at a
CAGR of ~6.4% during the forecast period. Some of the major factors driving the
growth of the market include the high prevalence of infectious diseases,
development of automated AST products, increasing government initiatives and
funding towards antimicrobial susceptibility testing programs, technological
advancements towards the development of new AST methods, and the emergence of
multidrug resistance in microorganisms. However, stringent government
regulations are expected to hinder the growth of this market to a certain
extent. Emerging markets and active R&D to develop rapid antimicrobial
susceptibility testing are expected to offer significant growth opportunities
for players operating in the antimicrobial susceptibility testing market.
Antimicrobial
Susceptibility Testing Market: Future Outlook
Based
on product, the antimicrobial susceptibility testing market is segmented into
manual antimicrobial susceptibility testing products, automated antimicrobial
susceptibility testing products, and consumables. In 2021, the manual
antimicrobial susceptibility testing products segment is expected to account
for the largest share of the antimicrobial susceptibility testing market. The
growth in this market is driven by and the low cost of the manual AST products
and simple handling procedures. Availability of a diverse range of consumables
for manual testing and easy interpretation of tests are further propelling the
growth of this segment.
Based
on method, the disk diffusion segment is expected to account for the largest
share of the antimicrobial susceptibility testing market in 2021. The low cost
associated with performing AST testing with the disk diffusion method and
developments in the disk diffusion method with the use of automated technology
is primarily boosting the segment growth.
Based
on application, the clinical diagnostics segment is expected to account for the
largest share of the antimicrobial susceptibility testing market in 2021 due to
the rising burden of antimicrobial resistance and growing awareness about the
use of antimicrobial susceptibility testing methods.
The
key players operating in the antimicrobial susceptibility testing market are
Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Bio-Rad
Laboratories, Inc. (U.S.), bioMérieux S.A. (France), Becton, Dickinson and
Company (U.S.), Danaher Corporation (U.S.), HiMedia Laboratories Pvt. Ltd.
(India), MERLIN Diagnostika GmbH (Germany), Accelerate Diagnostics, Inc.
(U.S.), Alifax S.r.l. (Italy), Creative Diagnostics (U.S.), Synbiosis (U.K.),
and Zhuhai DL Biotech Co., Ltd (China), among others.
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