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Antimicrobial Susceptibility Testing Market
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The Antimicrobial Susceptibility Testing Market is projected to burgeon to $5.99 billion by 2028, exhibiting a robust CAGR of approximately 6.4% during the forecast period. The report identifies several key factors fueling this growth trajectory, including the escalating prevalence of infectious diseases, advancements in automated AST products, heightened governmental support and funding for antimicrobial susceptibility testing initiatives, continuous technological innovations driving the development of new AST methodologies, and the emergence of multidrug resistance among microorganisms. However, the market's expansion is anticipated to encounter obstacles due to stringent government regulations. Nevertheless, burgeoning markets and active research and development efforts aimed at rapid antimicrobial susceptibility testing present lucrative growth avenues for market stakeholders.
Antimicrobial Susceptibility Testing Market: An Insightful Overview
This meticulous analysis presents historical market data for 2019 and 2020, estimated current data for 2021, and forecasts spanning 2028. The market is segmented by Product (Manual AST Products such as Susceptibility Discs, Susceptibility Plates, and MIC Strips, Consumables, and Automated AST Products), Method (Disk Diffusion, Automated AST, Dilution, and Other Methods), Application (Clinical Diagnostics, Drug Discovery and Development, and Other Applications), and End User (Diagnostic Laboratories & Hospitals, Pharmaceutical and Biotechnology Companies, and Research and Academic Institutes). Additionally, the report offers a comprehensive evaluation of industry competitors and conducts a detailed analysis at regional and country levels.
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Key Market Segments and Projections
Product Segment Analysis: The manual antimicrobial susceptibility testing products segment is poised to dominate the market, driven by its cost-effectiveness and user-friendly handling procedures, further buoyed by the availability of diverse consumables and straightforward test interpretation.
Method Segment Analysis: The disk diffusion method is forecasted to occupy the largest share of the market in 2021, owing to its cost efficiency and advancements facilitated by automated technology integration.
Application Segment Analysis: The clinical diagnostics segment is anticipated to command the largest market share in 2021, propelled by the escalating antimicrobial resistance burden and heightened awareness regarding the efficacy of susceptibility testing methodologies.
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Regional Analysis and Market Dynamics
North America is anticipated to lead the market in 2021, followed by Europe and Asia-Pacific. Factors driving North America's market dominance include the widespread adoption of technologically advanced susceptibility testing methods, ongoing research endeavors leveraging ASTs for new drug development, and heightened awareness of treatment options.
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Leading Market Players
Key players operating in the antimicrobial susceptibility testing market include Thermo Fisher Scientific Inc., Merck KGaA, Bio-Rad Laboratories, Inc., bioMérieux S.A., Becton, Dickinson and Company, Danaher Corporation, HiMedia Laboratories Pvt. Ltd., MERLIN Diagnostika GmbH, Accelerate Diagnostics, Inc., Alifax S.r.l., Creative Diagnostics, Synbiosis, and Zhuhai DL Biotech Co., Ltd, among others.
Mr. Khushal Bombe
Meticulous Market Research Inc.
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