How Will The Antimicrobial Susceptibility Testing Market Size Grow In The Coming Years?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest antimicrobial susceptibility testing market share, and Asia-Pacific was the fastest-growing region in 2022.
The global antimicrobial susceptibility testing market is expected to grow from $3.67 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The antimicrobial susceptibility testing market size is expected to grow to $4.94 billion in 2027 at a CAGR of 6.0%.
Major Driver In The Antimicrobial Susceptibility Testing Market – Rise In The Incidence Of Infectious Diseases Globally
According to the World Health Organisation (WHO), an estimated 10.6 million people will be infected with tuberculosis in 2021, 1.6 million will die, and 1.5 million will get HIV, with 650,000 dying as a result. This rise in the number of affected persons increased the usage of organism susceptibility testing to design the most effective medications, driving the market for antimicrobial susceptibility testing.
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Key Antimicrobial Susceptibility Testing Market Segments
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)
Recent Antimicrobial Susceptibility Testing Market Trend – Adopting Fluorescence In Situ Hybridization
Rapid antimicrobial susceptibility testing is becoming more popular in order to reduce antibiotic overuse and provide efficient treatment, and it is emerging as a prominent trend in the antimicrobial susceptibility testing market. There are numerous methods for doing antibiotic susceptibility testing in minutes or hours. FISH (fluorescence in situ hybridization) is most commonly employed in antimicrobial susceptibility testing. PNA-FISH employs peptide nucleic acid probes that enable for quick and specific binding; this method is used in QuickFish technology (OpGen), which accomplishes microbial identification by targeting 16s RNA. Genefluidics Inc’s antimicrobial susceptibility testing method, for example, quantifies bacterial growth by quantifying 16s rRNA molecules using an electrochemical biosensor.
Antimicrobial Susceptibility Testing Market Prominent Players
Major players in the antimicrobial susceptibility testing market are BioMérieux SA, Becton, Dickinson and Company, Thermo Fisher Scientific, Danaher Corporation, Bio-Rad Laboratories, Accelerate Diagnostics, Hi-Media Laboratories, Creative Diagnostics, Merck KGaA, Roche Diagnostics Limited, BD, Alifax Holding S.p.A., Synbiosis, Zhuhai DL Biotech Co, Mast Group, ELITechGroup, Genefluidics, Mast Group, CONDALAB, and QuantaMatrix.
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The Antimicrobial Susceptibility Testing Global Market Report 2023 provides a comprehensive overview on the antimicrobial susceptibility testing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the antimicrobial susceptibility testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
antibacterial susceptibility testing (AST) is a clinical laboratory examination used to determine whether antibacterial material is uniquely effective for individual individuals. The antimicrobial susceptibility testing market is comprised of antimicrobial susceptibility testing sales by companies (organisations, single proprietorships, and partnerships) involved in laboratory services that perform antimicrobial susceptibility testing.
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