Antimicrobial Susceptibility Testing Market 2023 Trends: Expected to Grow at a CAGR of 5.8% by 2030, Report

The global antimicrobial susceptibility testing market was valued at $3,040.00 million in 2020, and is estimated to reach $4,736.03 million by 2030, growing at a CAGR of 5.8% from 2021 to 2030.

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Key Benefits For Stakeholders

• The study provides an in-depth analysis of the antimicrobial susceptibility testing market, and the current trends and future estimations to elucidate the imminent investment pockets.
• It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
• Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
• Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

In 2020, North America held the largest market share in the global antimicrobial susceptibility testing market, and it is expected to maintain its dominant position throughout the forecast period. This can be attributed to several factors, including the growing prevalence of antibiotic resistance, the presence of major industry players, increased healthcare expenditure, technological advancements, and government initiatives in the region. However, notable growth is expected in the Asia-Pacific region, primarily due to the region’s expanding population and increased investments in the healthcare sector.

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Key Findings Of The Study

• By product type, the manual segment was the highest contributor to the market in 2020.
• On the basis of method type, the disk diffusion segment dominated the market in 2020
• Depending on end user, the hospitals and diagnostic laboratories exhibited the highest growth in 2020, and is expected to continue this trend during the forecast period.
• Region wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

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Key Market Players 

• HIMEDIA LABORATORIES
• DANAHER CORPORATION (BECKMAN COULTER INC.)
• COMPAGNIE MERIEUX ALLIANCE SAS (BIOMERIEUX S.A.)
• MERCK KGAA (MILLIPORE SIGMA)
• BRUKER CORPORATION
• ACCELERATE DIAGNOSTICS, INC.
• BECTON, DICKINSON, AND COMPANY
• F. HOFFMANN-LA ROCHE AG
• THERMO FISHER SCIENTIFIC, INC.
• BIO-RAD LABORATORIES, INC.

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