Veterinary Antimicrobial Susceptibility Testing Market Size 2022: Bruker Corporation (US), bioMérieux SA (France), Danaher Corporation (US), Bio-Rad Laboratories, Inc. (US), Neogen Corporation (US), HiMedia Laboratories (India), Mast Group Ltd. (UK)

Veterinary Antimicrobial Susceptibility Testing Market report is of huge importance when it is about building business strategy by identifying the high growth and attractive market categories. This report assists to design capital investment strategies based on forecasted high potential segments. With this market report, it becomes simple and easy to develop a competitive strategy based on the competitive landscape. Moreover, potential business partners, acquisition targets, and business buyers can be identified by using this Veterinary Antimicrobial Susceptibility Testing Market research report. To plan for a new product launch and inventory in advance, this business report provides several useful insights.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4244621

Key players in the Veterinary AST market

The key players operating in the veterinary antimicrobial susceptibility testing market include Thermo Fisher Scientific Inc. (US), Becton, Dickinson and Company (US), Bruker Corporation (US), bioMérieux SA (France), Danaher Corporation (US), Bio-Rad Laboratories, Inc. (US), Neogen Corporation (US), HiMedia Laboratories (India), Mast Group Ltd. (UK), Bioguard Corporation (Taiwan), SSI Diagnostica A/S (Denmark), Condalab (Spain), FASTinov SA (Portugal), Synbiosis (UK), Hardy Diagnostics (US), and Liofilchem Srl (Italy).

Veterinary antimicrobial susceptibility testing is an important tool used by veterinarians to identify pathogens in animals and select the most appropriate antimicrobial agent to treat these diseases and infections. The veterinary antimicrobial susceptibility testing market is expected to reach USD 135 million by 2026 from an estimated USD 100 million in 2021, at a CAGR of 6.1%.

The break of primary participants was as mentioned below:

By Company Type - Tier 1-60%, Tier 2-30%, and Tier 3-10%
By Designation - C-level-30%, Director-level-50%, Others-20%
By Region - North America-45%, Europe-15%, AsiaPacific-25%, Latin America- 10%, Middle East and Africa-5%

Growth in the market is largely driven by the growing threat of antimicrobial resistance due to the overuse of antibiotics, rising demand for animal-derived products, growing prevalence of zoonotic diseases, rising demand for pet insurance, growing animal health expenditure, and the growing number of veterinary practitioners & their rising income levels in developed economies. On the other hand, the high cost of automated veterinary AST systems and rising pet care costs are expected to restrain the overall market growth to a certain extent.

Based on product type, the disks and plates segment holds the largest market share during the forecast period.

Based on products, the veterinary antimicrobial susceptibility testing market is segmented into disks & plates, culture media, accessories & consumables, and automated AST instruments. In 2020, the disks & plates segment accounted for the largest share of the market. The large share of this segment can be attributed to the high utilization of antimicrobial susceptibility tests for the disk diffusion method and the increasing prevalence of infectious diseases in food-producing and companion animals.

Based on animal type, the Food-producing animal segment holds the largest market share during the forecast period.

Based on animal type, the veterinary antimicrobial susceptibility testing market is segmented into food-producing animals and companion animals. The food-producing animals segment accounted for the largest share of the market in 2020.

Based on end user, the veterinary AST segment is expected to register the highest CAGR during the forecast period.

Based on end users, the veterinary antimicrobial susceptibility testing market is segmented into veterinary reference laboratories, veterinary research institutes and universities, and other end users. Veterinary reference laboratories accounted for the largest share of the market in 2020.

North America is expected to account for the largest share of the veterinary antimicrobial susceptibility testing market in 2020

Geographically, the veterinary antimicrobial susceptibility testing market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the veterinary antimicrobial susceptibility testing market in 2020. The large share of this region is mainly due to the increasing awareness about antimicrobial resistance among veterinarians and livestock farmers, strict government regulations regarding the usage of antimicrobials in livestock animals, availability of advanced veterinary diagnostic laboratories, and increasing adoption of pet animals, the growing pet insurance industry, and rising veterinary healthcare expenditure in the region.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

This report provides insights into the following pointers:

Market Penetration: Comprehensive information on product portfolios offered by the top players in the global veterinary antimicrobial susceptibility testing market. The report analyzes this market by product, animal, and end user
Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global veterinary antimicrobial susceptibility testing market
Market Development: Comprehensive information on the lucrative emerging markets by product, animal, and end user
Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global veterinary antimicrobial susceptibility testing market
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global veterinary antimicrobial susceptibility testing market.

Get Direct Order of this Report @ https://www.reportsnreports.com/purchase.aspx?name=4244621

Contact Us:

Corporate Headquarters
Tower B5, office 101,
Magarpatta SEZ,
Hadapsar, Pune-411013, India
+ 1 888 391 5441
sales@reportsandreports.com

About Us:

ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.

This release was published on openPR.