Antimicrobial Susceptibility Testing Market 2021 Global Industry Forecasts Analysis, Competitive Landscape and Key Regions Analysis | Grow at a CAGR of 5.3%

Antimicrobial susceptibility testing (AST) is a laboratory procedure carried out to recognize which antimicrobial regimen is particularly effective for individual patients. Antimicrobial susceptibility testing is adopted to determine the existence of bacteria and fungi in the body and to decide which specific antibiotics a particular bacteria or fungus is sensitive to. With the increase in pandemic and epidemic situations across the globe, huge numbers of diseases are also transmitting from person to person which is escalating the demand for antimicrobial susceptibility testing and is acting as a driver for the antimicrobial susceptibility testing market.

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The global antimicrobial susceptibility testing market in 2020 was approximately USD 3.0 Billion. The market is expected to grow at a CAGR of 5.3% and is anticipated to reach around USD 4.2 Billion by 2025. The strict government regulations on new products and instruments approval will likely to influence the antimicrobial susceptibility testing market. The genomic identification method is observed as a domain in which more developments can be made in order to develop new testing methods which will detect pathogen susceptibility precisely and in less time. This opportunity will support in boosting the antimicrobial susceptibility testing market in coming years. However, the high cost of automated ID/AST systems is likely to hamper the market growth.

The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product. Key players in the market are Biomérieux, Danaher, BD, Thermo Fisher, Bio-Rad, Hi-Media, Merlin, Liofilchem, Accelerate Diagnostics, Alifax, Creative Diagnostics, Merck Group, Synbiosis, Bioanalyse, Zhuhai Dl Biotech and Others.

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Based On The Basis Of Application, The Global Antimicrobial Susceptibility Testing Market Segmented Into

Clinical Diagnostics
Drug Discovery and Development
Epidemiology, Other Applications

Based On The Basis Of Product, The Global Antimicrobial Susceptibility Testing Market Segmented Into

Antibacterial Susceptibility Testing
Antifungal Susceptibility Testing
Antiparasitic Susceptibility Testing
Other Susceptibility Testing

Based On The Basis Of Region, The Global Antimicrobial Susceptibility Testing Market Segmented Into

Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]

Report Highlights

Global and China Antimicrobial Susceptibility Testing Market  sizes from 2017 to 2024

Market growth projections through 2024 and the resultant market forecast for 2024

Impact of the market dynamics including market drivers, restraints and opportunities in the market size

Key industry trends, product trends, and application trends

Major driving/ leading segmentations, regions and countries in the Global and China Antimicrobial Susceptibility Testing Market  

Competitive analysis with comprehensive company profiles of the leading industry players

In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition

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