Press release
Antimicrobial Susceptibility Testing Market Updates : Accelerate Diagnostics, Inc., and Biomerieux SA | Embracing Technological Innovations 2021-2030
The global antimicrobial susceptibility testing market is being propelled by factors such as the increasing prevalence of infectious diseases, coupled with occurrences of epidemics and pandemics, as well as growing adoption of antimicrobial susceptibility testing and advancements in both manual and automated product development.
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Conversely, the market growth may face obstacles due to the elevated expenses associated with automated antimicrobial susceptibility testing (AST) systems and strict government regulations. Nevertheless, initiatives aimed at raising awareness about antimicrobial resistance and its management are anticipated to create numerous opportunities for market participants.
The global antimicrobial susceptibility testing market is segmented by method type, product type, end-user, and region.
Regarding product type, manual products constituted the largest market share in 2020, representing over half of the total share and is projected to maintain its dominance throughout the forecast period. Conversely, the automated products segment is expected to exhibit the fastest compound annual growth rate (CAGR) of 7.3% from 2021 to 2030.
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In terms of method type, the disk diffusion segment held the largest share in 2020, making up more than two-fifths of the global antimicrobial susceptibility testing market. This segment is forecasted to remain at the forefront throughout the forecast period. However, the rapid automation method segment is expected to demonstrate the highest CAGR of 7.8% from 2021 to 2030.
By end user, the market is divided into hospitals & diagnostic laboratories, pharmaceutical & biotechnology companies, and other sectors. Hospitals & diagnostic laboratories experienced significant growth in 2020, and this momentum is expected to persist throughout the forecast period. This is due to factors such as the escalating prevalence of infectious diseases, the emergence of new diseases stemming from mutations, the discovery of novel drugs, and the surge in cases of antimicrobial resistance.
In 2020, North America held the largest share of the global antimicrobial susceptibility testing market and is projected to maintain its dominance in the forecast period. This is attributed to the increasing prevalence of antibiotic resistance, the presence of key market players, rising healthcare expenditure, technological advancements, and government initiatives in the region. Conversely, Asia-Pacific is poised to witness substantial growth, driven by factors including the region's burgeoning population and increased investments in the healthcare sector.
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Accelerate Diagnostics, Inc.
Biomerieux SA
Becton, Dickinson and Company
Merck KGaA (MilliporeSigma)
Bruker
Danaher Corporation (Beckman Coulter)
Bio-Rad Laboratories, Inc.
HiMedia Laboratories
F. Hoffmann-La Roche AG
Thermo Fisher Scientific
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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