Antimicrobial Susceptibility Testing Market Worth $5.99 Billion by 2028


Posted March 10, 2023 by Research96

Antimicrobial susceptibility testing (AST) is a laboratory procedure to identify the right antimicrobial regimen against microbes. Thus, AST of the causative agent(s) is essential for the timely selection of appropriate antimicrobial therapy.

 
According to a new market research report titled, “Antimicrobial Susceptibility Testing Market by Product (Manual {Susceptibility Discs, Plates, MIC Strips}, Consumables, Automated), Method (Diffusion, Dilution), Application (Clinical Diagnostics), End User (Hospitals, Pharma, Institutes) - Forecast to 2028,” published by Meticulous Research®, the antimicrobial susceptibility testing market is expected to grow at a CAGR of 6.4% from 2021 to 2028 to reach $5.99 billion by 2028.

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Antimicrobial susceptibility testing (AST) is one of the vital tasks performed in clinical microbiology laboratories. The primary goal of these tests is to detect possible drug resistance in common pathogens and assure susceptibility to drugs of choice for a particular type of infection. In recent years, the rising antibiotic resistance has led to the increasing demand for antimicrobial susceptibility testing. The growth of this market is mainly attributed to the high prevalence of infectious diseases, development of automated & manual products for AST, increasing government initiatives & funding towards AST programs, technological advancements towards the development of new AST methods, and the emergence of multidrug resistance in microorganisms.
Emerging markets and active R&D to develop rapid antimicrobial susceptibility testing are expected to offer significant growth opportunities for players operating in the antimicrobial susceptibility testing market. However, stringent government regulations are expected to hinder the growth of this market to a certain extent. On the other hand, the high cost of automated antimicrobial susceptibility testing systems and issues in AMR surveillance in low-income and middle-income countries pose challenges for the industry.
Based on product, the antimicrobial susceptibility testing market is segmented into manual AST products, automated AST products, and consumables. In 2021, the manual AST products segment is estimated to account for the largest share of the overall antimicrobial susceptibility testing market. The growth in this market is driven by the inexpensive nature of manual AST products, simple handling procedures for these products, rising incidence of antibacterial resistance, availability of a diverse range of consumables for manual testing, and easy interpretation of these tests.

Based on method, the antimicrobial susceptibility testing market is segmented into disk diffusion, automated AST, dilution, and other methods. In 2021, the disk diffusion segment is expected to account for the largest share of the overall antimicrobial susceptibility testing market. The advantages of the disk diffusion method are the test simplicity that does not require any special equipment, the provision of categorical results easily interpreted by all clinicians, and flexibility in selecting disks for testing. The low cost of performing AST testing with the disk diffusion methods and developments in the method with automated technology is primarily boosting the segment market growth.

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Based on application, the antimicrobial susceptibility testing market is segmented into clinical diagnostics, drug discovery and development, and other applications. In 2021, the clinical diagnostics segment is expected to account for the largest share of the global antimicrobial susceptibility testing market. The large share is mainly attributed to the rising burden of antibiotic resistance, increasing incidence of HAIs, the growing procedural volume of clinical diagnostic tests, rising emphasis on effective and early disease diagnosis across major markets, and growing awareness among physicians about antimicrobial susceptibility testing methods.

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Based on end user, the antimicrobial susceptibility testing market is segmented into diagnostic laboratories & hospitals, pharmaceutical & biotechnology companies, and research & academic institutes. In 2021, the diagnostic laboratories & hospitals segment is estimated to account for the largest share of the overall antimicrobial susceptibility testing market. The large share of this segment is mainly attributed to the availability of the well-equipped facility and trained/skilled technicians and rising cases of hospital-acquired infections.

Based on geography, the global antimicrobial susceptibility testing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2021, North America is estimated to account for the largest share of the global antimicrobial susceptibility testing market, followed by Europe and Asia-Pacific. The large share of the North American region is attributed to the rising healthcare expenditure, growing pharmaceutical R&D investment, and availability of advanced susceptibility testing methods. However, Asia-Pacific is expected to grow at the highest CAGR of 8.4% due to increasing cases of antibiotic resistance and increasing awareness about antimicrobial susceptibility testing.

Key players operating in the global antimicrobial susceptibility testing market include Merck KGaA (Germany), bioMérieux S.A. (France), HiMedia Laboratories Pvt. Ltd. (India), MERLIN Diagnostika GmbH (Germany), Alifax S.r.l. (Italy), Synbiosis (U.K.), and Zhuhai DL Biotech Co., Ltd (China) among others For instance, in July 2020, the company launched Xpert MTB/XDR, a rapid molecular test for tuberculosis, and detects resistance to first- and second-line drugs. Similarly, in October 2019, Becton, Dickinson and Company (U.S.), along with Check-Points Health B.V. (Netherlands), received FDA 510(k) clearance for a molecular screening test for antibiotic-resistant carbapenemase producing organisms (CPOs) on the fully-automated BD MAX System. BD MAX Check-Points CPO assay provides carbapenemase genes detection directly from patient samples and improved turn-around time.

To gain more insights into the market with a detailed table of content and figures: https://www.meticulousresearch.com/product/antimicrobial-susceptibility-testing-market-5062

Key questions answered in the report-
• Which are the high growth market segments in terms of product, method, application, end user, and regions/countries?
• What was the historical market for antimicrobial susceptibility testing across the globe?
• What are the market forecasts and estimates for the period 2021-2028?
• What are the major drivers, restraints, challenges, and opportunities in the antimicrobial susceptibility testing market?
• Who are the major players in the antimicrobial susceptibility testing market?
• How is the competitive landscape and who are the market leaders in the antimicrobial susceptibility testing market?
• What are the recent developments in the antimicrobial susceptibility testing market?
• What are the different strategies adopted by the major players in the antimicrobial susceptibility testing market?
• What are the geographical trends and high growth regions/ countries?

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Issued By chaitanya
Country United States
Categories Health
Tags antimicrobial susceptibility testing market , antimicrobial susceptibility testing market size , antimicrobial susceptibility testing market trends
Last Updated March 10, 2023