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Automated Antimicrobial Susceptibility Testing Market will grow at 8.9% CAGR, to be valued at US$ 2,554.9 Million by 2026 | Huge Growth Expected in Automated Antimicrobial Susceptibility Testing in Future
Global Automated Antimicrobial Susceptibility Testing MarketGlobal Automated Antimicrobial Susceptibility Testing Market, By Product Type (Instruments and Consumables), By Detection Method (Colorimetric and Turbidimetric), By Application (Antibacterial (Sepsis and Tuberculosis), Anti-viral, Antifungal, and Anti-parasitic), By End User (Diagnostic/Pathology Laboratories, Hospitals, Biotechnology, and Pharmaceutical Companies, and Contract Research Organizations), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), had a market valuation of US$ 1,295.5 million in 2018 and is estimated to grow at a CAGR of 8.9 percent during the forecast period (2018 - 2026).
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Drivers
The global automated antimicrobial susceptibility testing market is projected to expand due to increasing multidrug resistance studies, new product releases, and an increase in the number of the development programs and financing, among other factors. Antimicrobial susceptibility testing and multidrug resistivity measurement are used in a variety of research and development programs carried out by contract research organizations. Rising small molecule research and development by numerous manufacturing organizations is expected to boost AST acceptance during the forecast period. As per Cambrex Corporation's 2017 Small Molecules Survey, small molecules are expected to gain significant momentum in the healthcare industry, with the FDA's approval of 34 new small molecule companies in 2017.
To extend their product range, main players are releasing susceptibility monitoring systems in the market. Tedizolid susceptibility research was initiated by Thermo Fisher Scientific in March 2016, allowing microbiology laboratories to measure the susceptibility of meticulous and non-fastidious Gram-positive species that cause acute bacterial surface and tissue structure infections in adolescents.
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Growing the availability of such AST testing could lead to a rise in the use of susceptibility plates over the forecast period. In addition, bioMérieux released ETEST Ceftolozane/Tazobactam and ETEST Ceftazidime/Avibactam in 2017, which specifies the minimum inhibitory concentration (MIC) values needed to treat infections caused by multidrug-resistant species.
Browse 38 Market Data Tables and 25 Figures spread through 200 Pages and in-depth TOC on "Automated Antimicrobial Susceptibility Testing Market, By Product Type (Consumables and Instruments), By Detection Method (Colorimetric and Turbidimetric), By Application (Antibacterial (Sepsis and Tuberculosis), Anti-viral, Antifungal, and Anti-parasitic), By End User (Diagnostic/Pathology Laboratories, Hospitals, Biotechnology and Pharmaceutical Companies, and Contract Research Organizations), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026"
Over the forecast period, growing funding for research into antibiotic-resistant microbes is anticipated to fuel growth of the global automated antimicrobial susceptibility testing market. Symcel AB, a corporation that develops cell-based assay tools for real-time cell metabolism measurements, received US$ 4.23 million in Horizon 2020 funding in November 2017 to facilitate the company's assessment of enhanced antibiotic combination monitoring in sepsis patients.
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Key Takeaways
Due to increased R&D activities and demand for genomic and repertoire sequencing-based research, the global automated antimicrobial susceptibility testing market is expected to grow at a CAGR of 8.9% over the forecast period (2018–2026).
Due to an increase in product releases, the consumables market is projected to have the largest sales share in 2026. HiMedia Laboratories released the HiCrome Muller Hinton Agar product in 2016, which is used for presumed recognition and susceptibility research.
Key companies contributing to the global automated antimicrobial susceptibility testing market are Resistell AG, Creative Diagnostics, Dickinson and Company, Alifax Holding S.p.A., bioMérieux S.A., Bio-Rad Laboratories, Inc., HiMedia Laboratories, Merck KGaA, Thermo Fisher Scientific Inc., Becton, and Danaher Corporation.
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Table of Content
Global Automated Antimicrobial Susceptibility Testing Market Research Report
Section 1: Global Automated Antimicrobial Susceptibility Testing Industry Overview
Section 2: Global Economic Impact on Automated Antimicrobial Susceptibility Testing Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Automated Antimicrobial Susceptibility Testing Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Automated Antimicrobial Susceptibility Testing Market Forecast
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