Antimicrobial Susceptibility Testing Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Antimicrobial Susceptibility Testing Market Statistics 2030
The global antimicrobial susceptibility testing market size was valued at US$ 3040.00 million in 2020 and is projected to reach US$ 4736.03 million by 2030 registering a CAGR of 5.8% from 2021 to 2030. Key drivers of the antimicrobial susceptibility testing market include the growing number of infectious disease epidemics due to a lack of proper hygiene, sanitation, and water supply especially in developing economies.

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Antimicrobial Susceptibility Testing Market Trends
The rapid spread of infectious diseases
The continuous rise in global travel trends and underdeveloped healthcare infrastructure in developing regions are contributing to the emergence of several infectious diseases. There are newer variants and older diseases developing at a faster pace. People globally are traveling more to unknown and farthest locations of the world and getting exposed to newer diseases. This increases the need for rapid development of drugs which in turn will drive the growth of the antimicrobial susceptibility testing market. Additional causes involve a lack of basic hygiene, sanitation, etc.
Rampant usage of antibiotics
Antibiotic resistance is a big threat to global health. A growing number of diseases such as pneumonia, and tuberculosis are getting difficult to treat as antibiotics become less efficient. Common infectious problems are taking longer with rising hospital stays and increasing mortality levels. Hazardous exploitation of available medicines has created new resistance mechanisms in microorganisms. This makes antimicrobial susceptibility testing crucial for clinicians and scientists to discover newer treatment options. These factors will ultimately surge the growth of the antimicrobial susceptibility testing market.

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Key Segments
By Product Type
• Manual Products
• Consumables
• Automated Products
By Method Type
• ETEST
• Disks Diffusion
• Rapid Automation Method
• Others
By End User
• Hospitals & Diagnostic Laboratories
• Pharmaceutical & Biotechnology Companies
• Others

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This release was published on openPR.