With the emergence and long-term Impact of COVID-19, Global Antimicrobial Susceptibility Testing Market to reach USD XX Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Antimicrobial Susceptibility Testing Market points towards a potential rise to USD XXX Million by 2030. Antimicrobial Susceptibility Testing (AST) is a laboratory technique used to determine the effectiveness of antimicrobial agents (such as antibiotics) against specific microorganisms, typically bacteria or fungi. The primary goal of AST is to assist healthcare providers in selecting the most appropriate and effective antimicrobial treatment for infections. The key factors driving the market growth are the rising prevalence of multi-drug resistant organisms, increasing incidence of infectious diseases, and growing healthcare expenditure that anticipated to support the market growth during the forecast period 2023-2030.
Geographically, the global Antimicrobial Susceptibility Testing market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the rising incidence of infectious diseases, growing technological advances, such as automation, improved testing methods, and rapid diagnostic techniques, enhanced efficiency and accuracy of antimicrobial susceptibility testing, and the presence of key market players.
Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the increase in healthcare-associated infections, coupled with the risk of antibiotic-resistant strains in hospital settings, growing awareness among healthcare professionals and the general public about the importance of antimicrobial susceptibility testing, and increasing prevalence of infectious diseases and the emergence of drug-resistant strains of bacteria.
The global Antimicrobial Susceptibility Testing market is highly competitive owing to the presence of several key players such as Accelerate Diagnostics, Inc. Becton, Dickinson and Company Biomerieux SA Bio-Rad Laboratories, Inc. Bruker Danaher Corporation (Beckman Coulter) F. Hoffmann-La Roche AG HiMedia Laboratories Private Limited Merck KGaA (MilliporeSigma) Thermo Fisher Scientific Inc, and others.
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Key findings of the study suggest:
- Global Antimicrobial Susceptibility Testing Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the Product Type segment, Manual Products emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the rising incidence of infectious diseases, growing technological advances, such as automation, improved testing methods, and rapid diagnostic techniques, enhanced efficiency and accuracy of antimicrobial susceptibility testing, and the presence of key market players.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Product Type:
- Manual Products
- Consumables
- Automated Products
By Method Type:
- ETEST
- Disks Diffusion
- Rapid Automation Method
- Others
By End User:
- Hospitals & Diagnostic Laboratories
- Pharmaceutical & Biotechnology Companies
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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