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Veterinary Antimicrobial Susceptibility Testing Market Is Anticipated to Grow at A CAGR of 7.6% By 2031

02-15-2023 05:01 AM CET | Health & Medicine

Press release from: Global Insight Services

Veterinary Antimicrobial Susceptibility Testing Market

Veterinary Antimicrobial Susceptibility Testing Market

Global Veterinary Antimicrobial Susceptibility Testing Market report from Global Insight Services is the single authoritative source of intelligence on Veterinary Antimicrobial Susceptibility Testing Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market.

Download Free Sample of Report - https://www.globalinsightservices.com/request-sample/GIS10376

Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

The global veterinary antimicrobial susceptibility testing market was valued at USD 28.6 billion in 2021 and it is anticipated to grow up to USD 59.4 billion by 2031, at a CAGR of 7.6% during the forecast period.

Veterinary antimicrobial susceptibility testing are simple and easy to perform. These tests are more accurate than others and can be performed at home. Veterinary rapid tests produce immediate results, allowing for immediate treatment. These tests do not require any expensive equipment, and people can learn how to perform them on their pets in a matter of hours. Veterinary antimicrobial susceptibility testing are used to conduct experiments that can control a factor that affects an animal's biological system or behavior. Its goal is to find a specific treatment for any disease.

Report Overview- https://www.globalinsightservices.com/reports/veterinary-antimicrobial-susceptibility-testing-market/

Market Trends and Drivers

Global livestock population is rapidly increasing. Demand for livestock products is increasing in both developing and developed countries. This has raised concerns about livestock health.

According to the United States Department of Agriculture's National Agricultural Statistics Service, the number of cattle and calves in the United States in January 2021 was 93,594,500, and the number of beef cows was 31,157,600. Because of rising urbanization, consumers are becoming more aware of the nutritional value of animal protein. There is also a growing demand for healthy, sustainable, and high-quality meat products, particularly those with few or no antibiotics. This, in turn, raises the demand for antimicrobial susceptibility testing (AST).

Major Players in the Global Veterinary Antimicrobial Susceptibility Testing Market

The key players in the market are BioMérieux SA (France), Thermo Fisher Scientific (US), Bruker Corporation (US), Danaher Corporation (US), Becton, Dickinson and Company (US), Synbiosis (UK), Liofilchem S.r.l. (Italy), HiMedia Laboratories (India), Bio-Rad Laboratories (US), Neogen Corporation (US), among others.

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COVID-19 Impact

A worldwide emergency has been caused by the COVID-19 pandemic. This pandemic had a negligible impact on the veterinary antimicrobial susceptibility testing market. The COVID-19 pandemic may have reduced the need for antimicrobial susceptibility testing and the demand for related antimicrobial susceptibility testing products (consumables and instruments), as lockdowns reduced the number of vet visits and, thus, diagnostic testing. Hence, the demand for antimicrobial susceptibility testing products for animals was reduced by 8-10% by 2020.

Global Veterinary Antimicrobial Susceptibility Testing Market Segmentation

 Product

Disks & Plates
Culture Media
Accessories & Consumables
Automated AST Instruments

Animal Type

Livestock Animals
Companion Animals

 End-use

Veterinary Reference Lab
Veterinary Research Institutes
Others

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With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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E-mail: info@globalinsightservices.com
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Website: https://www.globalinsightservices.com/

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