SproutNews logo

Antimicrobial Susceptibility Testing Market Will Reach USD 3.95 billion by 2025: Meticulous Research®

Antimicrobial Susceptibility Testing Market by Method (Disk Diffusion, Dilution), Product (Testing Disks, MIC Strips, Automated Systems), Application (Clinical Diagnosis, Drug Discovery), End User (Hospitals, Labs, Pharma Biotech) – Forecast to 2025

Pune, India – January 13, 2020 /MarketersMedia/

Antimicrobial resistance (AMR) is an emerging threat on a global scale. According to the World Health Organization (WHO), the resistant microorganisms are able to resist the attack by antimicrobial drugs, which leads to ineffective treatment resulting in the spreading of infections. Today, an increasing number of pathogenic bacteria acquiring antibiotic resistance and new forms of resistance are driving the need for effective antimicrobial susceptibility testing (AST) methods. Antimicrobial susceptibility testing (AST) is a laboratory procedure performed to identify the antimicrobial regimen specifically effective for individual patients. It is used to determine the presence of bacteria and fungi in the body and to determine which specific antibiotics a bacteria or fungus is sensitive to.

In order to combat the situation of antimicrobial resistance, several genotypic-based methods have been developed and are under development, which offers rapid and accurate detection or confirmation of antimicrobial resistance. For instance, the Accelerate ID/AST System or ID/AST System (Accelerate) aims to reduce the turnaround time for the test by using genetic methods. It can identify infectious pathogens in a few hours instead of days, reducing the diagnostic time by 30 to 50 hours. Inspite of the developed genotypic-based methods, the increasing prevalence of microbial infections and the resultant increase in the consumption of antibiotics in a few countries is leading to antimicrobial resistance among the population. Lack of proper microbial identification methods is one of the most commonly cited reasons for the same. Thus, untapped market potential, specifically in emerging economies across APAC and Latin America regions are creating revenue growth opportunities for players operating in this market. Meticulous Research® in its latest publication on Antimicrobial Susceptibility Testing Market states that the global antimicrobial susceptibility testing market is expected to grow at a CAGR of around 5.6% from 2019 to 2025 to exceed $3.95 billion by 2025.

Enquire or share your questions if any @
https://www.meticulousresearch.com/enquire-before-buying/cp_id=5062

The overall growth of the global antimicrobial susceptibility testing market is attributed to the rising global incidences of infectious diseases, increased funding and government initiatives, and the emergence of multidrug resistance. In addition, the greater need of antimicrobial susceptibility testing in emerging markets offers significant revenue growth opportunities for the various stakeholders in this market. However, stringent government regulations with unfavorable reimbursement are likely to hinder the market growth over the coming years. On the other hand, the high cost of automated antimicrobial susceptibility testing systems is recognized as a major challenge for the higher adoption of these systems.

To provide efficient analysis, Meticulous Research® has segmented this market by Product (Manual Antimicrobial Susceptibility Testing, Automated Laboratory Instruments, Consumable & Reagents), by Method (Disk Diffusion, Automated AST, Dilution), by Application (Clinical Diagnosis, Drug Discovery & Development, Epidemiology), End User (Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, Research & Academic Institutes) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Geographically, North America commanded the largest share of the global antimicrobial susceptibility testing market in 2018, closely followed by Europe and Asia-Pacific regions. Higher awareness for AST procedures, high adoption of technologically advanced susceptibility testing methods, and growing focus on addressing the issues of antimicrobial resistance have led to a greater share of North America in the global antimicrobial susceptibility testing market.

Based on the product, the manual susceptibility testing products segment accounted for the largest share of this market in 2018. The rising prevalence of infectious diseases which has led to an increased demand for susceptibility testing products and low cost and the ease of use of these products is supporting the growth of this segment.

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux S.A. (France), Becton, Dickinson, and Company (U.S.), Danaher Corporation (U.S.), HiMedia Laboratories (India), MERLIN Diagnostika GmbH (Germany), Accelerate Diagnostics, Inc. (U.S.), Alifax S.r.l. (Italy), Creative Diagnostics (U.S.), Synbiosis (U.K.), and Zhuhai DL Biotech Co., Ltd (China).

Download free sample report and gain crucial industry insights @
https://www.meticulousresearch.com/download-sample-report/cp_id=5062

Table of Contents

1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Rising Prevalence of Infectious Diseases
4.2.2. Increased Funding and Government Initiatives
4.2.3. The emergence of Multidrug Resistance
4.2.4. Technological Advancements Towards the Development of Rapid AST Methods
4.3. Restraint
4.3.1. Stringent Government Regulations and Unfavourable Reimbursement
4.4. Opportunity
4.4.1. Untapped Market Potential in Emerging Economies
4.5. Challenge
4.5.1. High Cost of Automated Antimicrobial Susceptibility Testing Systems
5. Global Antimicrobial Susceptibility Testing Market, by Method
5.1. Introduction
5.2. Disk Diffusion
5.3. Automated AST
5.4. Dilution
5.5. Other Methods
6. Global Antimicrobial Susceptibility Testing Market, by Product
6.1. Introduction
6.2. Manual Antimicrobial Susceptibility Testing Products
6.2.1. Susceptibility Testing Disks
6.2.2. Mic Strips
6.2.3. Susceptibility Plates
6.3. Automated Laboratory Instruments
6.4. Consumables and Reagents
7. Global Antimicrobial Susceptibility Testing Market, by Application
7.1. Introduction
7.2. Clinical Diagnostics
7.3. Drug Discovery and Development
7.4. Other Applications
8. Global Antimicrobial Susceptibility Testing Market, by End User
8.1. Introduction
8.2. Diagnostic Laboratories and Hospitals
8.3. Pharmaceutical and Biotechnology Companies
8.4. Research and Academic Institutes
8.5. Other End Users
9. Global Antimicrobial Susceptibility Testing Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. RoAPAC
9.5. Latin America
9.6. Middle East & Africa

………. Continued

Buy dynamic research report spread across 180 pages with 115 market data tables, 19 figures & charts from the report @
https://www.meticulousresearch.com/buy_now.php?pformat=363&vformat=1076

Contact Info:
Name: Khushal
Email: Send Email
Organization: Meticulous Market Research Pvt. Ltd.
Address: Pune, India
Phone: +91-744-778-0008
Website: https://www.meticulousresearch.com/product/antimicrobial-susceptibility-testing-market-5062/

Source URL: https://marketersmedia.com/antimicrobial-susceptibility-testing-market-will-reach-usd-395-billion-by-2025-meticulous-research/88942547

Source: MarketersMedia

Release ID: 88942547

Go Top