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Antimicrobial Susceptibility Testing Market: Market Segments: By Product (Manual, Automated Laboratory Instruments, Culture and Growth Media and Consumables); By Type (Antibacterial, Antifungal, Antiparasitic and Others);
By Application (Diagnostics, Drug Discovery and Development, Epidemiology and Others); By End User (Hospitals and Diagnostic Centers, Pharmaceutical and Biotechnology Companies, Research &Academic Institutes and Clinical Research Organizations); and Region - Global Analysis by Market Size, Share & Trends for 2014 - 2020 and Forecasts t- 2030
Product Overview
Antimicrobial susceptibility testing is a technique used t- assess whether an antibiotic is susceptible t- a single organism or group of organisms. The most frequently used research methods for the analysis of antimicrobial susceptibility are broth microdilution or rapid automated instrument methods. Such approaches are used and sold commercially with materials and equipment.
Market Highlights
Antimicrobial Susceptibility Testing Market is expected t- project a notable CAGR of 6.25% in 2030.
Antimicrobial Susceptibility Testing Market t- surpass USD 5.8 Billion by 2030 from USD 2.8 Billion in 2019 in terms of value growing at a CAGR of 6.25% throughout the forecast period, i.e., 2020-30. Factors such as growing global infectious disease incidences, increased funding and government initiatives, the emergence of multidrug resistance, and technological developments in the production of rapid AST techniques are expected t- drive the growth of the global market for antimicrobial susceptibility testing in the coming years.
Antimicrobial Susceptibility Testing Market: Segments
Automated laboratory instruments segment t- grow with the highest CAGR during 2020-30
Antimicrobial Susceptibility Testing Market is segmented by product as automated laboratory instruments, manual antimicrobial susceptibility testing products, culture and growth media, and consumables. Susceptibility testing discs, MIC strips, and susceptibility testing plates are used in manual antimicrobial susceptibility testing items.
Antimicrobial Susceptibility Testing Market: Market Dynamics
Drivers
Rising Use of Antimicrobial Susceptibility
Recent times have seen a marked change t- personalized drugs, which is growing the market for goods t- screen for antimicrobial susceptibility. Rising government policies are expected t- complement the demand for antimicrobial susceptibility tests in diagnostic laboratories and hospitals in terms of improving quality healthcare infrastructure at a global level and increasing susceptibility t- infectious diseases.
Restrain
Stringent Government Regulatory Policies
Strict government regulatory policies and the difficulties associated with testing for antimicrobial susceptibility are expected t- hamper market growth over the forecast period. Automated research instruments for antimicrobial susceptibility are fitted with highly advanced features and functionalities and priced at premium rates.
Antimicrobial Susceptibility Testing Market: Key Players
Accelerate Diagnostics Inc
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis
ALIFAX Srl
Becton, Dickinson and Co.
bioMérieux SA
Bio-Rad Laboratories Inc.
Bruker Corp.
Danaher Corp.
Merck KGaA
Scientific Digital Imaging Plc
Therm- Fisher Scientific Inc
Antimicrobial Susceptibility Testing Market: Regions
Antimicrobial Susceptibility Testing Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, APAC and MENA.
Antimicrobial Susceptibility Testing Market in North America led the market with a lion share of more than XX.X% in 2019 owing t- the increasing R&D t- develop novel automated AST systems, the growing prevalence of infectious diseases, safety issues and technical developments in products susceptible t- antimicrobials. In addition, most of the world's leading corporations are headquartered in the area or have a strong presence in this market, and others have als- concentrated on expanding t- improve their scope and capabilities. This is another important factor attributed t- the market's significant growth. In addition, well-established precision medicine awareness campaigns and the use of antimicrobial testing drives, beneficial government initiatives, and an increase in the number of research collaborations are some of the factors that are expected t- fuel market growth.
Antimicrobial Susceptibility Testing Market report als- contains analysis on:
Antimicrobial Susceptibility Testing Market Segments:
By Product:
Manual Antimicrobial Susceptibility Testing Products
- Susceptibility Testing Disks
- MIC Strips
- Susceptibility Testing Plates
Automated Laboratory Instruments
Culture and Growth Media
Consumables
By Type:
Antibacterial Testing
Antifungal Testing
Antiparasitic Testing
Others
By Application:
Diagnostics
Drug Discovery and Development
Epidemiology
Others
By End-user:
Hospitals and Diagnostic Centers
Pharmaceutical and Biotechnology Companies
Research &Academic Institutes
Clinical Research Organizations (CROs)
Antimicrobial Susceptibility Testing Market Dynamics
Antimicrobial Susceptibility Testing Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Antimicrobial Susceptibility Testing Market
Which segment is anticipated t- hold the largest market share?
At what CAGR is the market anticipated t- grow between 2020 and 2030?
Wh- are the key players in the Antimicrobial Susceptibility Testing Market?
What could be the challenging factors in the growth of Antimicrobial Susceptibility Testing Market?
What are the growth drivers for the Antimicrobial Susceptibility Testing Market?