The global Antimicrobial Susceptibility Test market garnered revenue around USD 2,769.9 Million in 2019 and projected to reach USD 4,223.91 Million in 2027, with at a compound annual growth rate (CAGR) 4.8% throughout the estimate period from 2020 to 2027.
Antimicrobial susceptibility test can be defined as a procedure employed for determining which antimicrobials inhibit the growth of the bacteria or fungi which cause specific infections. The results from this test aid the healthcare practitioner in determining the drugs effective for the treatment of patient’s infection.
There is a drastic increase in the antibacterial – resistance bacterial strains over a decade, this has led to few antibiotics which can control the infection, hence increasing the cost of treatment. In South East Asia the prevalence of infections due to antibiotic resistance is very high. This is due to unhygienic sanitation habits and socioeconomic barriers. In South East Asia, WHO has identified 7 bacteria with high antibiotic resistance, amongst them Enterobacteriaceae and meticillin resistant Staphylococcus aureus (MRSA) are of greatest concern, as fatal or high infections are caused by these bacteria. Hence it necessitates the need for antimicrobial susceptibility testing, contributing to the growth of the market.
North America dominated the global antimicrobial susceptibility test market in 2019 and the trend is anticipated to continue during the forecast period. The growth of the North America antimicrobial susceptibility test market is attributed with increasing incidence of infectious diseases in the U.S. and Canada are important factors contributing for the growth of the market. According to CDC, in the U.S. approximately, 2 million people are infected with bacteria that are resistant to antibiotics and at least 23,000 people die each year as a direct result of these infections.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Antimicrobial Susceptibility Test market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Antimicrobial Susceptibility Test market growth.
The global Antimicrobial Susceptibility Test market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
the global market include Bio-Rad Laboratories, Inc., Beckman Coulter, Inc. (Subsidiary of Danaher Corporation), Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, Conda, Creative Diagnostics, HiMedia Laboratories, Alifax Holding S.p.A., and Biotron Healthcare, among others.
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
- Global Antimicrobial Susceptibility Test Market, by Product
- Kits, Reagents & Consumables
- Culture Media
- Automated Test System
- Global Antimicrobial Susceptibility Test Market, by Method
- Broth Dilution Method
- Rapid Automated Method
- Disk Diffusion Method
- Gradient Diffusion Method
- Molecular Testing Method
- Global Antimicrobial Susceptibility Test Market, by Test Type
- Antibacterial
- Antifungal
- Antiparasitic
- Others
- Global Antimicrobial Susceptibility Test Market, by Application
- Clinical Diagnosis
- Drug Discovery and Development
- Others
- Global Antimicrobial Susceptibility Test Market, by End-user
- Diagnostic Laboratories and Hospitals
- Pharmaceutical and Biotechnology Companies
- Research and Academic Institutes
- Contract Research Organizations
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Rest of EU
- Asia Pacific
- China
- India
- Japan
- Southeast Asia
- Rest of APAC
- Central & South America
- Brazil
- Argentina
- Rest of Central & South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Rest of MEA
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