Geographically, the antimicrobial susceptibility testing market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The APAC market is expected to register the highest growth rate during the forecast period. The fast growth of this segment is mainly due to the region’s large population and its mix of growing and developed economies, such as Japan, China, and India.
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The global antimicrobial susceptibility testing market is projected to reach USD 3.47 billion by 2022 from USD 2.71 billion in 2017, at a CAGR of 5.1%. Major factors driving growth of market include rising prevalence of infectious diseases; emergence of multidrug-resistance due to drug abuse; & increasing funds, research grants, & public-private investments.
High cost of automated antimicrobial susceptibility testingsystems & unfavorable reimbursement scenario are restraining growth of this market.
1 Attractive Opportunities in Antimicrobial Susceptibility Testing Market
2 Global Market, By Method
3 Geographic Analysis: Global Market, By Region & Product
4 Global Market, By Type
5 Global Market, By Application
6 Global Market, By End User
7 Geographical Snapshot of the Global Market
Antimicrobial susceptibility testing market segmented by type into antibacterial, antifungal, antiparasitic, & susceptibility testing types (mycobacterium & virus). Antibacterial testing segment dominated market in 2017.
Largest share of this market can be attributed to factors like increasing prevalence of infections due to bacterial pathogens & increasing guidelines streamlining process of AST.
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The antimicrobial susceptibility testing market is segmented into disk diffusion, dilution, ETEST, automated antimicrobial susceptibility testing, and genotypic methods. The disk diffusion segment is expected to have the largest share of the market in 2017.
This is mainly attributed to factors such as its low cost and flexible nature.
Top Key Stakeholders
- Antimicrobial susceptibility testing product manufacturers and vendors
- Associations related to antimicrobial susceptibility testing
- Clinical research organizations (CROs)
- Research laboratories and academic institutes
- Pharmaceutical and biotechnology product manufacturing companies
- Clinical testing laboratories
- Hospitals and diagnostic laboratories
- Environmental monitoring committee
- Market research and consulting firms
The major players in antimicrobial susceptibility testing market market included are bio Mérieux (France), BD (US), Danaher (US), Thermo Fisher (US), and Bio-Rad (US). Antimicrobial susceptibility testing market research study involves extensive use of secondary sources, directories, and databases, to identify and collect information useful for this technical, market-oriented, and financial study.
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Report studies antimicrobial susceptibility testing market based on product, method, type, application, end user, and region. Report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth.
It analyzes opportunities and challenges in the market and provides details of the competitive landscape for market leaders.
Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.
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