Global Antimicrobial Susceptibility Testing Market Analysis: Size, Drivers, Trends, Opportunities, And Strategies
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What Growth Rate is the Antimicrobial Susceptibility Testing Market Anticipated to Experience from 2025-2034?
There has been a robust growth in the market size of antimicrobial susceptibility testing in the past few years. The market is anticipated to expand from $4.36 billion in 2024 to $4.66 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.1%. Factors such as increased spending in healthcare, an aging demographic, improved awareness and education, regulatory backing, and economic growth have contributed to the growth observed in the historical period.
The market size of antimicrobial susceptibility testing is anticipated to experience substantial growth in the upcoming years, reaching $5.81 billion in 2029 with a 5.7% Compound Annual Growth Rate (CAGR). The projected growth during this period could be due to the rising instances of drug-resistant infections, improvements in healthcare infrastructure, increasing focus on drug discovery, and growth in disposable income. Key trends expected during the forecast period involve automation and robotics, artificial intelligence and machine learning, multiplexing, the integration of telemedicine, and swift ast methods.
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What Forces Are Boosting the antimicrobial susceptibility testing Market’s Growth?
The escalating demand for electronic elements in the car industry is forecasted to propel the expansion of the automotive fuse market in the future years. The advancement of technology has led to an amplified integration of fresh electronics in cars. Emerging technologies like autonomous tech, self-driving mechanisms, and the integrated computer managing an extensive array of features such as the temperature of the vehicle, GPS, and even exhaust emission, need an abundance of new electric gear to function properly. For example, Demandsage, a US-based automatic reporting platform that utilizes data science for real-time insights revealed, in December 2023, that the number of smartphone users globally, in 2022, was around 6.6 billion. This shows an increase of 4.2% compared to the previous year. Therefore, the rising demand for electronic components in the car industry is pushing the expansion of the automotive fuse market.
What Key Segments Make Up the Antimicrobial Susceptibility Testing Market?
The antimicrobial susceptibility testing market covered in this report is segmented – _x000D_
_x000D_
1) By Type: Antibacterial Testing, Antifungal Testing, Antiparasitic Testing, Other Types_x000D_
2) By Products: Manual Antimicrobial Susceptibility Testing Products, Automated Laboratory Instruments, Consumables_x000D_
3) By Application: Diagnostics, Drug Discovery and Development, Epidemiology, Other Applications_x000D_
4) By End User: Hospitals And Diagnostic Centers, Pharmaceutical And Biotechnology Companies, Research And Academic Institutes, Clinical Research Organizations (CROs)_x000D_
_x000D_
Subsegments:_x000D_
1) By Antibacterial Testing: Disk Diffusion Method, Broth Dilution Method, E-Test Method, Automated Systems _x000D_
2) By Antifungal Testing: Broth Dilution Method, Agar Disk Diffusion Method, E-Test Method, Colorimetric Methods _x000D_
3) By Antiparasitic Testing: In vitro Susceptibility Testing, Microscopic Examination, Molecular Methods _x000D_
4) By Other Types: Mycobacterial Susceptibility Testing, Biofilm Susceptibility Testing, Combination Antimicrobial Testing
What Are the Latest Trends Impacting the Antimicrobial Susceptibility Testing Market?
The increasing use of rapid antimicrobial susceptibility testing to prevent antibiotic misuse and facilitate effective treatment is emerging as a dominant trend in the antimicrobial susceptibility testing market. There are numerous methods for conducting this testing in a matter of minutes or a few hours. FISH (Fluorescence in situ hybridization) is predominantly utilized in this fast-paced testing. The PNA-FISH uses peptide nucleic acid probes for rapid and specific binding, a procedure incorporated in QuickFish technology (OpGen) which identifies microbial through targeting 16s RNA. As an example, Genefluidics Inc’s antimicrobial susceptibility testing system measures bacterial growth by quantifying 16s rRNA molecules using an electrochemical biosensor.
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What Regions Are Dominating the Antimicrobial Susceptibility Testing Market Growth?
North America was the largest region in the antimicrobial susceptibility testing market in 2024. 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
……
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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