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

The Business Research Company’s veterinary antimicrobial susceptibility testing market report forecasts the veterinary antimicrobial susceptibility testing market size to grow to $45.90 Billion by 2027, with a CAGR (compound annual growth rate) of 7%.

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Veterinary Antimicrobial Susceptibility Testing Market Size Forecast
The global veterinary antimicrobial susceptibility testing market is expected to grow from $32.38 billion in 2022 to $35.01 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The veterinary antimicrobial susceptibility testing market is expected to grow to $45.90 billion in 2027 at a CAGR of 7.0%.

North America held the largest veterinary antimicrobial susceptibility testing market share.

Key Veterinary Antimicrobial Susceptibility Testing Market Driver ­– Rise In The Prevalence Of Zoonotic Diseases
For instance, In July 2022, according to an article published by the world health organization, a US-based government agency, stated that there was a 64% rise in the number of zoonotic cases in Africa. Furthermore, zoonotic illnesses are on the increase both internationally and in India. These emerging infectious diseases in humans account for 60% of cases, with 816 zoonotic pathogens out of 1407 human pathogens. Therefore, the increasing prevalence of zoonotic diseases is driving the growth of the veterinary antimicrobial susceptibility testing market.

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Key Veterinary Antimicrobial Susceptibility Testing Market Trend – Technological Advancement
Major companies operating in the veterinary market are focused on innovating new technologies to sustain their position in the market. Recently, the market has witnessed the use of advanced imaging techniques and algorithms for more accurate, reliable, and rapid veterinary AST (antimicrobial susceptibility testing). For instance, in October 2021, Thermo Fisher Scientific, a US-based science and technology company, along with Q-linea launched the ASTar System, a rapid antimicrobial susceptibility testing (rAST) system. The fully automated ASTar System monitors bacterial growth using imaging techniques and algorithms, eliminating the need for subculture, which can take an additional one to two days.

Veterinary Antimicrobial Susceptibility Testing Market Segment
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

Veterinary Antimicrobial Susceptibility Testing Market Major Players and Strategies
Major players in the veterinary antimicrobial susceptibility testing market are BioMérieux SA, Becton Dickinson and Company, Synbiosis, Thermo Fisher Scientific, Bruker Corporation, Condalab, Bioguard Corporation, Liofilchem Srl, HiMedia Laboratories, Bio-Rad Laboratories, Neogen Corporation, Hardy Diagnostics, SSI Diagnostica A/S, FASTinov, and Mast Group Ltd.

In May 2022, bioMérieux, a France-based multinational biotechnology company, acquired Specific Diagnostics for an undisclosed amount. This acquisition is expected to help bioMerieux strengthen its fight against antimicrobial resistance, expand its market-leading position in clinical microbiology, and further extend its global leadership in this field. Specific Diagnostics is a US-based company that developed a rapid antimicrobial susceptibility testing (AST) system.

The Veterinary Antimicrobial Susceptibility Testing Global Market Report 2023 covers regional data on veterinary antimicrobial susceptibility testing market size, veterinary antimicrobial susceptibility testing market trends and drivers, opportunities, strategies, and veterinary antimicrobial susceptibility testing market competitor analysis. The countries covered in the veterinary 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.

Veterinary antimicrobial susceptibility testing refers to a critical tool for the veterinarian in choosing the best drug to treat bacterial infections in animals. Veterinary antimicrobial susceptibility testing is used to provide a treatment history, including any previously used specific antibiotics as well as any clinical background that might have an impact on the patient’s typical bacterial flora.

View More Reports Related To The Veterinary Antimicrobial Susceptibility Testing Market –
Veterinary Point Of Care Diagnostics Global Market Report 2023
Antimicrobial Susceptibility Testing Global Market Report 2023
Veterinary Anti Infectives Global Market Report 2023

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