Antimicrobial Susceptibility Testing Market to Influence the Value of USD 5,688.50 Million by 2029
Global Antimicrobial Susceptibility Testing Market business report introduces the basics of industry such as market definitions, classifications, applications and industry chain overview, after which it covers industry policies and plans, product specifications, manufacturing processes, cost structures and so on. This market document has a chapter on the global market and all its associated companies with their profiles, which provides valuable data related to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. The significant Global Antimicrobial Susceptibility Testing Market report presents data on patterns and improvements, and target business sectors and materials, limits and advancements.
Antibacterial drugs play a major role in the prevention of infectious diseases, though cases of drug misuse and overuse, led to the increased development of drug resistance. Different manufacturers are launching technologically advanced products to help scientists treat patients better. With the increasing numbers of infectious diseases, there is a higher demand of its early diagnosis to give better clinical access to healthcare professionals.
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Antimicrobial susceptibility testing market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.9% in the forecast period of 2022 to 2029 and is expected to reach USD 5,688.50 million by 2029 from USD 3,616.78 million in 2021. The high prevalence of infectious diseases and increasing awareness towards early diagnosis is the major driver which is propelling the market in the forecast period.
Testing is used to determine the potential effectiveness of antibiotics on microorganisms and determine if the microorganisms have developed resistance to certain antibiotics. The results of this test can help healthcare professionals to get access to better clinical diagnosis and select the drug that is most likely to be effective in treating that particular infection.
Increasing prevalence of infectious diseases is anticipated to drives the market’s growth rate
With the increasing number of infectious diseases, there is a rise in demand for early diagnosis to give better clinical access to healthcare professionals. Since these diseases are infectious in nature, they can easily transfer from person to person, and therefore, the threat is high. Infectious diseases can get contaminated from one person to another, and these diseases have similar signs and symptoms. For instance, as per World Health Organization, in 2019, around 1.4 million people died from tuberculosis worldwide
Major Players
Data Bridge Market Research recognizes the following companies as the major antimicrobial susceptibility testing market players in antimicrobial susceptibility testing market are BD (U.S.), Mast Group Ltd (U.K.)., Thermo Fisher Scientific Inc.(U.S.), Bio-Rad Laboratories, Inc. (U.S.), and BGI (China), B.D. (U.S.), Danaher (U.S.), Creative Diagnostics (U.S.), Erba Group (U.S.), Alifax S.r.l. (Italy), Accelerate Diagnostics, Inc. (U.S.).
Market Development
- In 2020, Cepheid, a subsidiary of Danaher, launched a novel rapid molecular test for TB that can detect multi-drug resistance to first-line and second-line drugs simultaneously. The result can be obtained in less than 90 minutes. This will enhance the antimicrobial testing market in the coming years.
- In 2020, Thermo Fisher Scientific Inc. added imipenem/sulbactam ARIS HiQ to its automated and manual antimicrobial susceptibility testing portfolio, which will act as treatment for urinary tract infections. It will also enhance options for antimicrobial testing in clinical settings. This will boost the growth of the market in upcoming years
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Segment Analysis:
The global antimicrobial susceptibility testing market is categorized into six notable segments which are based on product type, methods, type, application, end user and distribution channel.
- On the basis of product type, global antimicrobial susceptibility testing market is segmented into instruments, consumables & accessories and software & services.
The instruments segment of product type segment is anticipated to dominate the antimicrobial susceptibility testing market
The instruments segment is expected to dominate the global antimicrobial susceptibility testing market with 58.0% market share due to high technology adoption and launch of numerous types of susceptibility testing instruments by major market players in the market.
- On the basis of methods, global antimicrobial susceptibility testing market is segmented into disk diffusion, dilution, mass spectrometry method, e-test, genotypic methods and others.
The disk diffusion segment of methods segment is anticipated to dominate the antimicrobial susceptibility testing market
The disk diffusion segment is expected to dominate the global antimicrobial susceptibility testing market with 42.7% market share due to its accurate, reliable, and efficient results.
- On the basis of type, global antimicrobial susceptibility testing market is segmented into anti bacterial, anti fungal testing and others. The anti bacterial testing segment is expected to dominate the market with 73.5% market share due to huge number of tests available in the market.
- On the basis of application, global antimicrobial susceptibility testing market is segmented into market is segmented into clinical diagnostics, drug discovery & development, epidemiology & others. The clinical diagnostics segment is expected to dominate the global antimicrobial susceptibility testing market with 71.3% market share because these tests are most commonly done to detect the microbes to help the microbiologist to get access to better clinical diagnosis.
- On the basis of end user, global antimicrobial susceptibility testing market is segmented into hospitals, diagnostic laboratories, pharmaceutical & biotechnology companies, contract research organizations, research centres & academic institutes and others. The hospitals segment is expected to dominate the global antimicrobial susceptibility testing market with 53.7% market share as these antimicrobial tests are performed in hospitals to a great extent.
- On the basis of distribution channel, global antimicrobial susceptibility testing market is segmented into direct sales, retail sales and third party distributor. The direct sales segment is expected to dominate the global antimicrobial susceptibility testing market with 71.7% market share as consumers are aware of this distribution channel and they prefer direct sales for seeking the benefits of discounts, bulk buying and easy availability of products
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
TOC:
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET
1.4 LIMITATIONS
1.5 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 DBMR TRIPOD DATA VALIDATION MODEL
2.6 MULTIVARIATE MODELLING
2.7 PRODUCT TYPE LIFELINE CURVE
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.9 DBMR MARKET POSITION GRID
2.1 MARKET APPLICATION COVERAGE GRID
2.11 VENDOR SHARE ANALYSIS
2.12 SECONDARY SOURCES
2.13 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACT OF COVID-19 ON GLOBAL ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET
7 GLOBAL ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET, BY PRODUCT TYPE
8 GLOBAL ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET, BY METHODS
Continued…
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Regional Analysis
Geographically, the countries covered in the antimicrobial susceptibility testing market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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