Antimicrobial Susceptibility Testing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Antimicrobial susceptibility testing is a procedure, which is used to determine for specific organism or group of organisms are susceptible to an antibiotic. For the examining the antimicrobial susceptibility the most widely used testing methods are broth microdilution or rapid automated instrument methods. These methods are commercially used and marketed with materials and devices.

MARKET SCOPE

The "Global Antimicrobial Susceptibility Testing Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the antimicrobial susceptibility testing market with detailed market segmentation by product, method, type, application, end user, and geography. The report provides key statistics on the market status of the leading antimicrobial susceptibility testing market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global antimicrobial susceptibility testing market is segmented into automated laboratory instruments, manual antimicrobial suseptibility testing products, culture and growth media, consumables.
  
•   Based on Method, the global antimicrobial susceptibility testing market is segmented into disk diffusion, automated antimicrobial susceptibility testing, dilution, Etest, genotypic methods.
  
•   On the basis of Type, the market is segmented into antibacterial susceptibility testing, antifungal susceptibility testing, antiparasitic susceptibility testing, other susceptibility testing.
  
•   On the basis of application, the market is segmented into drug discovery and development, clinical diagnostics, epidemiology, others.
  
•   Based on End User, the global antimicrobial susceptibility testing market is segmented into pharmaceutical and biotechnology companies, diagnostic labs, research and academic institutes, others.
  
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MARKET DYNAMICS

Drivers:

•   Rising incidence of infectious diseases, epidemic & pandemic events
  
•   Growing government initiatives to control antimicrobial-resistant species
  
•   Increasing public-private investments
  
•   Emergence of multidrug-resistance due to drug abuse
  

Restraints:

•   High cost of automated systems
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Antimicrobial Susceptibility Testing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions.

IMPACT OF COVID-19 ON ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET

Antimicrobial resistance occurs when antimicrobial agents become ineffective. Antimicrobial resistance leads to treatment failures, prolongs hospital stays, and makes surgical procedures and chemotherapy risky and unsafe. The COVID-19 pandemic continues to transform the growth of various industries and has impacted hospitals antimicrobial stewardship program. To address the AMR, there is an urgent need for rapid diagnostics that can determine if a patient has an infection. The development of guidelines, infection prevention and control guidelines, at the hospital level will help in reducing number of antimicrobial resistance cases.
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MARKET PLAYERS

The report covers key developments in the antimicrobial susceptibility testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Antimicrobial Susceptibility Testing market are anticipated to lucrative growth opportunities in the future with the rising demand for Antimicrobial Susceptibility Testing market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Antimicrobial Susceptibility Testing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BD
  
•   Danaher
  
•   Thermo Fisher Scientific, Inc
  
•   Bio-Rad Laboratories, Inc.
  
•   Merck KGaA
  
•   bioMerieux SA
  
•   HiMedia Laboratories
  
•   Creative Diagnostics
  
•   Resistell AG
  
•   Accelerate Diagnostics
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Antimicrobial Susceptibility Testing Report Scope