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Veterinary Antimicrobial Susceptibility Testing Market Set to Reach $39.71 billion in 2025 and $53.96 billion in 2029 - Steered by Environmental Concerns and an Upsurge in Zoonotic Diseases
Veterinary Antimicrobial Susceptibility Testing Market
What Is The Projected Market Size Of The Global Veterinary Antimicrobial Susceptibility Testing Market And Its Growth Rate?
The veterinary antimicrobial susceptibility testing market is forecast for significant expansion due to environmental concerns, precision medicine demand, one health approach, consumer awareness, and the growth of companion animal healthcare.
•2024 Market Size: $37.12 billion
•2025 Market Size: $39.71 billion (7.0% CAGR)
•2029 Market Size: $53.96 billion (8.0% CAGR)
The market growth in the forecast period can also be attributed to antibiotic resistance mitigation, regulatory requirements, the impact of global health events and rising pet ownership.
What Is Driving The Growth In The Veterinary Antimicrobial Susceptibility Testing Market?
The proliferation of zoonotic diseases is a primary driver for the veterinary antimicrobial susceptibility testing market. Zoonotic diseases, transmissible between animals and humans, necessitate effective veterinary medicine to treat accompanying bacterial infections. Antimicrobial susceptibility testing aids in selecting the most effective treatment by reviewing past medical history and other factors. For example, an article published by WHO in July 2022 revealed a 64% spike in zoonotic cases in Africa. The rising prevalence of zoonotic diseases worldwide underscores the acute need for veterinary antimicrobial susceptibility testing.
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Who Are the Key Players Driving Veterinary Antimicrobial Susceptibility Testing Market Growth?
•BioMérieux SA
•Becton, Dickinson and Company
•Bio-Rad Laboratories
•Bruker Corporation
•Condalab SA
•FASTinov SA
•Hardy Diagnostics Co.
•HiMedia Laboratories
•Liofilchem Srl
•Mast Group Ltd.
•Neogen Corporation
•SSI Diagnostica A/S
•Synbiosis
•Thermo Fisher Scientific Inc.
What Are The Key Trends In The Veterinary Antimicrobial Susceptibility Testing Market?
Trends influencing the veterinary antimicrobial susceptibility testing market include:
•Innovative solutions
•Regulatory emphasis
•Zoonotic disease control
•Livestock industry standards
What Are The Segments Of The Global Veterinary Antimicrobial Susceptibility Testing Market?
The market is segmented based on:
1) Product Type: Disks And Plates, Culture Media, Accessories And Consumables, Automated AST (Antimicrobial Susceptibility Test) Instruments
2) Animal Type: Livestock Animals, Companion Animals
3) End-Use: Veterinary Reference Lab, Veterinary Research Institutes, Other End-Users
Which Region Leads The Veterinary Antimicrobial Susceptibility Testing Market?
In 2024, North America was the largest region in the veterinary antimicrobial susceptibility testing market. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Veterinary Antimicrobial Susceptibility Testing Global Market Report?
- Market Size Analysis: Analyze the Veterinary Antimicrobial Susceptibility Testing size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Veterinary Antimicrobial Susceptibility Testing for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Veterinary Antimicrobial Susceptibility Testing growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Veterinary Antimicrobial Susceptibility Testing.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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