Antimicrobial Susceptibility Testing market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2026 at a CAGR of 5.6% from 2020 to 2026.
Global Antimicrobial Susceptibility Testing Market Overview:
Antimicrobial susceptibility testing (AST) is a laboratory procedure performed by medical technologists (clinical laboratory scientists) to identify which antimicrobial regimen is specifically effective for individual patients. On a larger scale, it aids in the evaluation of treatment services provided by hospitals, clinics, and national programs for control and prevention of infectious diseases. Recently, researchers have to implement continuous surveillance activities for resistance patterns due to the mutations in bacterial DNA.
Clinical laboratories currently employ several methods depending on the laboratory test menu that they provide. These approaches include the disk diffusion and minimum inhibitory concentration (MIC) methods. Commercial systems also became available across health centers and hospital facilities, utilizing both phenotypic and genotypic characterization of bacterial resistance.
Overuse of antibiotics and bacterial pathogens, combined with an increase in the prevalence of infections, has resulted in the creation of better standards for fungal susceptibility, antibiotic resistance in bacterial species, and the increased use of rapid commercial AST systems for fungal research, all of which are accelerating market growth.
Global Antimicrobial Susceptibility Testing Market Dynamics:
Antimicrobial Susceptibility Testing Market to be driven by Rising Occurrence of Infectious Diseases
The market for Antimicrobial Susceptibility Testing is showing a Northward trend. Epidemic outbreaks of infectious pathogens such as Neisseria meningitides, Haemophilus influenza, Streptococcus pneumonia, Shigella, Neisseria gonorrhoeae, Vibrio cholera, and Salmonella serotype Typhi are on the rise, resulting in a rise in demand for antimicrobial susceptibility testing. For instance, in 2019, globally, 1.7 million people were newly infected with HIV, 690 thousand people died of AIDS-related illnesses, and, 38 million people are living with HIV according to the Joint United Nations Programme on HIV/AIDS (UNAIDS). In addition, India and Sub-Sahara carried almost 85% of the global malaria burden, an estimated 228 million cases of malaria were diagnosed worldwide according to the World Malaria Report 2019.
Innovative research methods that provide results in a short amount of time, as well as the advent of new market players with novel technology, high precision, and ease of use, are posing a challenge to the antimicrobial susceptibility testing market's growth and posing a tough challenge to well-established key players. Initiatives to raise awareness about antimicrobial resistance and how to counter it has created many lucrative opportunities for the key players operating in this market.
The report has profiled twenty five key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the North America. Major country’s policies about manufacturing and their impact on Antimicrobial Susceptibility Testing demand are covered in the report.
Global Antimicrobial Susceptibility Testing Market Segment Analysis
Global Antimicrobial Susceptibility Testing Market
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The manual antimicrobial susceptibility testing products segment is expected grow at a CAGR of xx% during the forecast period.
Based on the product, in 2019, the manual antimicrobial susceptibility testing products segment holds the largest market share of xx% in 2019 and it is estimated to reach USD$ XX Mn by 2026. Susceptibility testing plates, susceptibility testing disks, and MIC strips are Manual antimicrobial susceptibility testing products. The manual susceptibility testing products segment dominated the AST market in 2019. The market is being driven by the increasing adoption of susceptibility testing discs in developing countries, as well as the rising incidences of antibacterial resistance.
Global Antimicrobial Susceptibility Testing Market Regional Insights:
Global Antimicrobial Susceptibility Testing Market
North America to witness high market growth rate and is expected to grow at a CAGR of xx% during the forecast period.
The North America market for Antimicrobial Susceptibility Testing is expected to rise at a faster pace than the rest of the world by 2026. In 2019, North America had the largest share of the AST industry. The main factors driving market growth in North America are, growing prevalence of infectious diseases, increased R&D to build novel automated AST systems, technological advances in antimicrobial susceptibility items, and safety concerns. Furthermore, most of the world's leading corporations, such as Becton, Dickinson, and Company, Danaher Corporation, Thermo Fisher Scientific, and Bruker Corporation are headquartered in the area or have a significant presence there. Others have concentrated on growth in order to broaden their scope and capabilities. Another important factor contributing to the market's rapid expansion is this factor.
The objective of the report is to present a comprehensive analysis of the global Antimicrobial Susceptibility Testing market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Antimicrobial Susceptibility Testing market dynamics, structure by analyzing the market segments and project the global Antimicrobial Susceptibility Testing market size. Clear representation of competitive analysis of key players By Product, price, financial position, product portfolio, growth strategies, and regional presence in the global Antimicrobial Susceptibility Testing market make the report investor’s guide.
Covid-19 Impact:
COVID-19 Impact on the global AST market
The limited access to current and potential customers has significantly reduced market players’ ability to complete sales of new AST systems and to implement previously sold systems, thereby reducing the growth of consumable test kits. Furthermore, the market is expecting to recover the losses by the fourth quarter of 2020. Potential buyers have greatly hampered market players' ability to close sales of new AST systems, as well as restricted access current to incorporate previously sold systems, limiting the growth of consumable test kits. However, the market expects to recoup its losses by the fourth quarter of 2020.
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Global Antimicrobial Susceptibility Testing Market
Global Antimicrobial Susceptibility Testing Market, by Region
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Global Antimicrobial Susceptibility Testing Market Key Players
• bioMérieux SA
• Becton
• Dickinson and Company
• Thermo Fisher Scientific
• Danaher Corporation
• Bio-Rad Laboratories, Inc.
• Bruker
• Roche Diagnostics Limited
• Accelerate Diagnostics, Inc.
• Merck KGaA
• Hi-Media Laboratories
• Liofilchem S.r.l.
• Alifax S.r.l.
• Creative Diagnostics
• Synbiosis
• Bioanalyse
• ZHUHAI DL BIOTECH Co., Ltd.
• ELITechGroup
• Mast Group Ltd.
• CONDALAB
• Genefluidics, Inc.
• Biotron Ltd
• InvivoGen
• MP Biomedicals
• QuantaMatrix Inc.
• PML Microbiologicals Inc.
• Other key players
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