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What is the Expected Growth Rate of the Antimicrobial Susceptibility Testing Market from 2024 to 2033?

The antimicrobial susceptibility testing market will expand from $4.03 billion in 2023 to $4.33 billion in 2024, growing at a CAGR of 7.5%. This growth is attributed to rising healthcare expenditures, an aging population, educational awareness, regulatory support, and economic growth.

The antimicrobial susceptibility testing market is forecasted to grow strongly, reaching $5.46 billion by 2028, with a CAGR of 6.0%. Growth is driven by the rise in drug-resistant infections, healthcare infrastructure expansion, and a focus on drug discovery. Key trends include automation, AI, multiplexing, and telemedicine integration.

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What Key Factors Are Fueling the Growth of the Antimicrobial Susceptibility Testing Market?

The global rise in infectious diseases, caused by bacteria, viruses, fungi, and parasites, is driving the growth of the antimicrobial susceptibility testing market. For instance, the World Health Organization (WHO) reported in 2021 that 10.6 million people were infected with tuberculosis, 1.6 million died, and 1.5 million contracted HIV, with 650,000 deaths. This increasing incidence has boosted the need for susceptibility testing to develop effective drugs, thereby fueling market growth.

What Are the Major Segments of the Antimicrobial Susceptibility Testing Market?

1) By Type: Antibacterial Testing, Antifungal Testing, Antiparasitic Testing, Other Types

2) By Products: Manual Antimicrobial Susceptibility Testing Products, Automated Laboratory Instruments, Consumables

3) By Application: Diagnostics, Drug Discovery and Development, Epidemiology, Other Applications

4) By End User: Hospitals And Diagnostic Centers, Pharmaceutical And Biotechnology Companies, Research And Academic Institutes, Clinical Research Organizations (CROs)

What New Trends Are Transforming the Antimicrobial Susceptibility Testing Market?

Rapid antimicrobial susceptibility testing is becoming increasingly popular to prevent antibiotic misuse and ensure effective treatment, emerging as a key trend in the antimicrobial susceptibility testing market. Various methods allow antimicrobial susceptibility testing within minutes or hours, with FISH (Fluorescence in situ hybridization) being commonly used. The PNA-FISH method employs peptide nucleic acid probes for quick and specific binding, used in QuickFish technology (OpGen) for microbial identification targeting 16s RNA. For example, Genefluidics Inc. offers an antimicrobial susceptibility testing system that measures bacterial growth by quantifying 16s rRNA molecules via an electrochemical biosensor.

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Which Regions Are Driving Growth in the Antimicrobial Susceptibility Testing Market?

North America was the largest region in the antimicrobial susceptibility testing market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the antimicrobial susceptibility testing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Antimicrobial Susceptibility Testing Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the antimicrobial susceptibility testing market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Antimicrobial Susceptibility Testing Market Include

1. Antimicrobial Susceptibility Testing Market Executive Summary

2. Antimicrobial Susceptibility Testing Market Segments

3. Antimicrobial Susceptibility Testing Market Size And Template Market Growth Rate

4. Key Antimicrobial Susceptibility Testing Market Trends

5. Major Antimicrobial Susceptibility Testing Market Drivers

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25. Key Mergers And Acquisitions In The Antimicrobial Susceptibility Testing Market

26. Top Antimicrobial Susceptibility Testing Companies

27. Antimicrobial Susceptibility Testing Market Opportunities And Strategies

28. Antimicrobial Susceptibility Testing Market, Conclusions And Recommendations

29. Appendix

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The Business Research Company offers the antimicrobial susceptibility testing market research report 2024 with industry size, share, segments and market growth

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