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What Is the Growth Rate of the Veterinary Antimicrobial Susceptibility Testing Market?
In recent years, the market size for veterinary antimicrobial susceptibility testing has seen significant growth. The market is projected to expand from $37.12 billion in 2024 to $39.71 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 7.0%. The growth in the past years is tied to various factors such as environmental consciousness, demand for precision medicine, adoption of the one health approach, increased consumer awareness, and the expansion of companion animal healthcare.
What Growth Rate Is Forecasted for the Veterinary Antimicrobial Susceptibility Testing Market by 2029?
Anticipations are high for robust expansion in the veterinary antimicrobial susceptibility testing market in the forthcoming years. The market is projected to reach a worth of $53.96 billion by 2029, with a compound annual growth rate (CAGR) of 8.0%. The growth during the forecast period is ascribed to factors such as mitigation of antibiotic resistance, regulatory stipulations, impact of global health incidents, and an increase in pet ownership. Key trends expected during this forecast period encompass innovative solutions, regulatory focus, management of zoonotic diseases, and standards in the livestock industry.
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Which Key Companies Are Shaping the Future of the 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.
Which Factors Are Driving Demand in the Veterinary Antimicrobial Susceptibility Testing Industry?
An increase in zoonotic diseases is predicted to boost the veterinary antimicrobial susceptibility testing market’s expansion. Zoonotic diseases are infectious diseases that can be transmitted from one animal species to another, including from humans to animals or from humans to humans. The escalating occurrence of these diseases necessitates testing to identify the most effective animal medication. Veterinary antimicrobial susceptibility testing assists in the selection of the optimal drug to combat bacterial infections in animals by examining treatment histories and other factors. For example, a report published by the World Health Organization in July 2022 noted a 64% spike in zoonotic cases in Africa, as disclosed by a US government agency. Moreover, the frequency of zoonotic ailments is escalating globally and specifically in India. These burgeoning infectious diseases comprise 60% of human cases, with 816 zoonotic pathogens out of 1407 human pathogens. Consequently, the growing prevalence of zoonotic diseases is propelling the expansion of the veterinary antimicrobial susceptibility testing market.
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How Is the Veterinary Antimicrobial Susceptibility Testing Market Segmented by Several Divisions?
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 are the Emerging Market Trends Driving the Growth of the Veterinary Antimicrobial Susceptibility Testing Industry?
The rise of technological progress has become a prominent trend in the veterinary antimicrobial susceptibility testing market. Primary companies within this sector are concentrating on broadcasting novel technologies in order to maintain their industry stance. Lately, the application of cutting-edge image capturing techniques and algorithms for more precise, consistent, and swift veterinary AST has been seen in the industry. For instance, in March 2022, bioMérieux, a biotechnology company based in France, was granted FDA 510(k) clearance for its new product, VITEK MS PRIME, a type of MALDI-TOF1 mass spectrometry identification system. Post FDA 510(k) clearance, the system is now offered for commercial purchase in nations that accept CE-marking, along with the United States. This system provides speedy and accurate identification of pathogens, which contributes to more rapid and specific antimicrobial treatment.
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Which Regions Are Driving Growth 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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This Report Delivers Insight On:
1. How big is the veterinary antimicrobial susceptibility testing market, and how is it changing globally?
2. Who are the major companies in the veterinary antimicrobial susceptibility testing market, and how are they performing?
3. What are the key opportunities and risks in the veterinary antimicrobial susceptibility testing market right now?
4. Which products or customer segments are growing the most in the veterinary antimicrobial susceptibility testing market?
5. What factors are helping or slowing down the growth of the veterinary antimicrobial susceptibility testing market?
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