Antimicrobial Susceptibility Market Share and Ongoing Trends, Size, Growth Rate, Recent Key Players - BioMérieux SA, Becton, Dickinson and Company, Thermo Fisher Scientific, Danaher Corporation

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The Business Research Company's Antimicrobial Susceptibility Testing Global Market Report 2023 identifies The rising incidence of infectious diseases as the major driver for the antimicrobial susceptibility testing market's growth in the forecast period. According to World Health Organization (WHO), in 2021, an estimated 10.6 million people are infected with tuberculosis globally, 1.6 million died , and 1.5 million people acquired HIV in 2021 while 650,000 people lost lives due to it. This increase in the incidence of infected people boosted the use of susceptibility testing of the organisms to develop the most effective drugs and this, in turn, drove the market for antimicrobial susceptibility testing.
The global antimicrobial susceptibility testing market size grew from $3.67 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The antimicrobial susceptibility testing market size is expected to grow to $4.94 billion in 2027 at a CAGR of 6.0%.

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Major competitors in the antimicrobial susceptibility testing market are BioMérieux SA, Becton, Dickinson and Company, Thermo Fisher Scientific, Danaher Corporation, Bio-Rad Laboratories, Accelerate Diagnostics, Hi-Media Laboratories, Creative Diagnostics.
A key trend in the antimicrobial susceptibility testing market includes Rapid antimicrobial susceptibility testing. here are many ways to perform antimicrobial susceptibility testing in minutes or a few hours. FISH (Fluorescence in situ hybridization) is mostly used in rapid antimicrobial susceptibility testing. The PNA-FISH applies peptide nucleic acid probes that allow rapid and specific binding, this process is applied in QuickFish technology (OpGen) which performs identification of microbial by targeting 16s RNA. For instance, the antimicrobial susceptibility testing system by Genefluidics Inc measures bacterial growth by quantifying 16s rRNA molecules using an electrochemical biosensor.

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The antimicrobial susceptibility testing market is segmented -
• By Type: Antibacterial Testing, Antifungal Testing, Antiparasitic Testing, Other Types
• By Products: Manual Antimicrobial Susceptibility Testing Products, Automated Laboratory Instruments, Consumables
• By Application: Diagnostics, Drug Discovery and Development, Epidemiology, Other Applications
• By End User: Hospitals And Diagnostic Centers, Pharmaceutical And Biotechnology Companies, Research And Academic Institutes, Clinical Research Organizations (CROs)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the antimicrobial susceptibility testing market.

The Business Research Company's "Global Antimicrobial Susceptibility Testing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Antimicrobial Susceptibility Testing Market Include:
1. Executive Summary
2. Antimicrobial Susceptibility Testing Market Characteristics
3. Antimicrobial Susceptibility Testing Market Trends And Strategies
4. Antimicrobial Susceptibility Testing Market - Macro Economic Scenario
5. Antimicrobial Susceptibility Testing Market Size And Growth
…………………..
26. Africa Antimicrobial Susceptibility Testing Market
27. Antimicrobial Susceptibility Testing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Antimicrobial Susceptibility Testing Market
29. Antimicrobial Susceptibility Testing Market Future Outlook and Potential Analysis
30. Appendix

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