Veterinary Antimicrobial Susceptibility Testing Market is expected to reach USD 59.4 billion by 2031 | Liofilchem S.r.l. , HiMedia Laboratories , Bio-Rad Laboratories

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.

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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.

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).

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Market Restraints and Challenges

One of the most significant disadvantages of traditional or manual veterinary antimicrobial susceptibility testing methods (such as agar dilution, chromogenic agar method, disc diffusion, and micro-broth dilution) is the time required to obtain results, which can range from 24 to 48 hours. Automated veterinary antimicrobial susceptibility testing systems deliver results faster, with greater accuracy, and with fewer chances of human error. However, due to their high cost, adoption of these systems in veterinary laboratories is limited, mainly in developing countries.

Based on product, it is segmented into the disks & plates, culture media, accessories & consumables, and automated AST instruments. Among these the automated AST instrument segment is likely to account for the significant market share during the forecast period. The key factors attributing the growth of the market is the increased adoption of these instruments, as well as their higher cost in comparison to other methods. Furthermore, these instruments have reduced turnaround and identification times, which is propelling growth. The instruments use advanced computer software to interpret susceptibility patterns for each organism and provide error-free results. Hence, the aforementioned factors will fuel segmental growth over the forecast period.

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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This release was published on openPR.