Veterinary Antimicrobial Susceptibility Testing Industry Anticipated to Expand at 7.9% CAGR During the Forecast Period
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What Are The Forecasted Market Size Estimates For The Veterinary Antimicrobial Susceptibility Testing Market Between 2025 And 2029?
The veterinary antimicrobial susceptibility testing market has experienced robust expansion in recent years. Projections indicate it will increase from $37.12 billion in 2024 to $39.63 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.7%. This historical expansion can be linked to factors such as environmental concerns, the demand for precision medicine, the adoption of a one health approach, increasing consumer awareness, and the growth in companion animal healthcare.
The veterinary antimicrobial susceptibility testing market is forecast to undergo significant expansion in the foreseeable future. By 2029, its valuation is expected to reach $53.66 billion, advancing at a compound annual growth rate (CAGR) of 7.9%. This projected increase is primarily driven by initiatives to combat antibiotic resistance, the influence of regulatory mandates, the impact of global health occurrences, and the growing prevalence of pet ownership. Key developments anticipated during this period encompass the development of innovative solutions, a heightened focus on regulatory compliance, efforts in zoonotic disease control, and the establishment of improved livestock industry standards.
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Which Major Market Drivers Are Shaping The Future Of The Veterinary Antimicrobial Susceptibility Testing Market?
The expanding incidence of zoonotic diseases is anticipated to drive the future growth of the veterinary antimicrobial susceptibility testing market. A zoonotic disease is defined as a contagious condition that can spread between different animal species, including from humans to animals or among humans themselves. This increasing prevalence of zoonotic diseases generates a need for testing to identify the most suitable animal medications. Veterinary antimicrobial susceptibility testing assists in selecting the optimal drug for treating bacterial infections in animals, often by examining treatment history and other factors. For instance, an article published by the world health organization, a US-based government agency, indicated a 64% increase in zoonotic cases in Africa in July 2022. Furthermore, zoonotic illnesses are escalating both globally and within India. These emerging infectious diseases account for 60% of human cases, with 816 zoonotic pathogens out of 1407 human pathogens. Consequently, the rising prevalence of zoonotic diseases is propelling the expansion of the veterinary antimicrobial susceptibility testing market.
What Are The Key Segments In The Veterinary Antimicrobial Susceptibility Testing Market?
The veterinary antimicrobial susceptibility testing market covered in this report is segmented –
1) By Product Type: Disks And Plates, Culture Media, Accessories And Consumables, Automated AST (Antimicrobial Susceptibility Test) Instruments
2) By Animal Type: Livestock Animals, Companion Animals
3) By End-Use: Veterinary Reference Lab, Veterinary Research Institutes, Other End-Users
Subsegments:
1) By Disks And Plates: Antibiotic Disks, Agar Plates
2) By Culture Media: Selective Culture Media, General Purpose Media
3) By Accessories And Consumables: Incubators, Sterilization Equipment, Pipettes And Reagents
4) By Automated AST (Antimicrobial Susceptibility Test) Instruments: Fully Automated Systems, Semi-Automated Systems
What Long-Term Trends Will Shape The Future Growth Of The Veterinary Antimicrobial Susceptibility Testing Industry?
Technological advancements are increasingly recognized as a significant trend in the veterinary antimicrobial susceptibility testing market. Leading firms within the veterinary sector are concentrating on developing novel technologies to maintain their competitive standing. The market has recently seen the adoption of sophisticated imaging techniques and algorithms, leading to more precise, dependable, and swift veterinary AST (antimicrobial susceptibility testing). For example, in March 2022, bioMérieux, a biotechnology company based in France, obtained FDA 510(k) clearance for its innovative VITEK MS PRIME, a MALDI- TOF1 type mass spectrometry identification system. Following this FDA 510(k) clearance, the system became commercially available both in the United States and in nations that acknowledge CE-marking. This system provides rapid and accurate identification of pathogens, thereby facilitating swifter and more targeted antimicrobial treatment.
Who Are The Primary Competitors In The Global Veterinary Antimicrobial Susceptibility Testing Market?
Major companies operating in the veterinary antimicrobial susceptibility testing market are BioMérieux SA, Becton, Dickinson and Company, Bio-Rad Laboratories, Bruker Corporation, Condalab SA, FASTinov SA, Hardy Diagnostics Co., HiMedia Laboratories, Liofilchem Srl, Mast Group Ltd., Neogen Corporation, SSI Diagnostica A/S, Synbiosis, Thermo Fisher Scientific Inc., Accelerate Diagnostics Inc., Alifax S.r.l., Biogal Galed Labs Ltd., Creative Diagnostics, Danaher Corporation, Eurofins Scientific SE, IDEXX Laboratories Inc., Merck Co. & KGaA, Microbiologics Inc., QIAGEN N.V., R-Biopharm AG, T2 Biosystems Inc., Vetoquinol S.A., Virbac Inc., Zoetis Inc.
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Which Region Shows The Highest Potential For Future Expansion In The Veterinary Antimicrobial Susceptibility Testing Market?
North America was the largest region in the veterinary antimicrobial susceptibility testing market in 2024. The regions covered in the veterinary antimicrobial susceptibility testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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