Antimicrobial Susceptibility Testing Market worth $4.7 billion | MarketsandMarkets
Antimicrobial Susceptibility Testing (AST) is a laboratory test used to determine the susceptibility of bacteria to various antibiotics. It is an important part of determining the best antibiotic to treat an infection. By performing Antimicrobial Susceptibility Testing, clinicians can identify which antibiotics will be effective in treating a particular infection, allowing them to choose the most appropriate treatment. The results of the Antimicrobial Susceptibility Testing can be used to determine the most effective therapy for the patient.
Antimicrobial
Susceptibility Testing Market in terms of revenue was estimated to be
worth $3.6 billion in 2022 and is poised to reach $4.7 billion by 2027, growing
at a CAGR of 5.5% from 2022 to 2027 according to a new report by
MarketsandMarkets™. The rising prevalence of infectious diseases, high
antibiotic resistance, and supportive government measures to lessen the burden
of infectious diseases can all be linked to the expansion of the antimicrobial
susceptibility testing (AST) industry. The use of antimicrobial susceptibility
testing is growing due to an increase in specific illnesses such pneumonia and
bloodstream infections caused by E. coli, K. pneumoniae, P. aeruginosa, and
others.
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Browse in-depth TOC on "Antimicrobial Susceptibility
Testing Market"
161 - Tables
40 - Figures
243 – Pages
Automated Laboratory Instruments segment to register a
significant growth rate over the forecast period of 2022-2027
Based on the product type, the antimicrobial susceptibility
testing market is segmented into Manual antimicrobial susceptibility testing
products, Automated Laboratory Instruments, Culture and Growth Media, and
Consumables. with each segment covering various products used in susceptibility
testing. Automated Laboratory Instruments hold the largest share of the
antimicrobial susceptibility testing market in 2022. The large share of this
segment can be attributed to Getting fast results than the traditional procedures
used in susceptibility testing
The hospitals and Diagnostic centers segment accounted
for the largest share of the Antimicrobial Susceptibility Testing market, by
the end-user market in 2022.
Based on End users, the antimicrobial susceptibility testing
market is segmented into Hospitals and Diagnostic centers, Pharmaceutical and
Biotechnology companies, Research & Academic Institutes, and Clinical
research organizations.
North America to register major growth in the market
during the forecast period
North America microcatheter market is anticipated to
register the highest growth over the forecast period of 2022 to 2027. North
America accounted for the largest share of 35.4% of the antimicrobial
susceptibility testing market in 2022. This market is projected to reach USD
1.6 billion by 2027 from USD 1.2 billion in 2022, at a CAGR of 5.3% during the
forecast period. The large share of North America can be attributed due to the
growth in antibiotic resistance prevalence, the existence of important actors,
an increase in healthcare spending, technological developments, and an increase
in government activities in the area. Nonetheless, due to a rise in the
region's population generally and rising investments in the healthcare
industry, Asia-Pacific is expected to experience significant development.
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Antimicrobial Susceptibility Testing Market Dynamics:
Drivers:
·
Rising incidence of infectious diseases coupled
with epidemic and pandemic events
·
Increasing funding, research grants, and
public-private investments
·
Technological advancements
·
Growing government initiatives to detect and
control antimicrobial-resistant species
·
Emergence of multidrug resistance due to drug
abuse
Restraints:
·
High cost of automated ID/AST systems
Opportunities:
·
Growth opportunities in emerging markets
Challenges:
·
Complex regulatory frameworks
Key Market Players:
As of 2022, prominent players are Becton, Dickinson and
Company, Biomerieux SA, Bio-Rad Laboratories, Inc., Bruker, Danaher
Corporation.
Recent Developments
·
In Jan,2023 bioMerieux launched a automated
instrument named MAESTRIA
·
In Aug,2022 BD India launched the BD MAX MDR-TB
panel.
·
In May ,2022 Thermofisher scientific introduced
automated antimicrobial susceptibility products.
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Antimicrobial Susceptibility Testing Market Advantages:
Antimicrobial susceptibility testing (AST) is a laboratory
technique used to determine the susceptibility or resistance of microorganisms
to antimicrobial drugs. The market for AST is rapidly growing due to the
increasing prevalence of infectious diseases and the need for appropriate
antibiotic therapy. Here are some advantages of the antimicrobial
susceptibility testing market:
·
Accurate Diagnosis: Antimicrobial susceptibility
testing provides accurate and reliable results for the diagnosis of bacterial
infections. This helps healthcare providers to select the appropriate
antibiotics to treat the infection and prevent the development of antibiotic
resistance.
·
Improved Patient Outcomes: By providing accurate
information on the susceptibility or resistance of microorganisms to
antimicrobial drugs, AST helps healthcare providers to make informed decisions
regarding the treatment of bacterial infections. This can lead to improved
patient outcomes and reduced healthcare costs.
·
Effective Management of Antibiotic Resistance:
The misuse and overuse of antibiotics have led to the emergence of
antibiotic-resistant bacteria, which is a major public health concern. AST
helps to manage antibiotic resistance by providing information on the
susceptibility or resistance of microorganisms to specific antibiotics.
·
Customized Treatment Plans: Antimicrobial
susceptibility testing enables healthcare providers to customize treatment
plans for individual patients based on their specific infection and the
susceptibility or resistance of the microorganism causing the infection.
·
Growing Market: The antimicrobial susceptibility
testing market is rapidly growing due to the increasing prevalence of
infectious diseases and the need for appropriate antibiotic therapy. This
presents significant opportunities for companies involved in the development
and manufacture of AST products.
·
In summary, the antimicrobial susceptibility
testing market is crucial for accurate diagnosis, effective management of
antibiotic resistance, and customized treatment plans. It also presents
significant opportunities for companies involved in the development and
manufacture of AST products.
Antimicrobial Susceptibility Testing Market - Report
Highlights:
·
The study consists of the average selling price
(ASP) analysis for different products in the Antimicrobial susceptibiity
testing products
·
The research study comprises the patent analysis
of technologies/solutions used in the Antimicrobial susceptibility testing
products
·
The new market study consists of the
trends/disruptions impacting customers' businesses.
·
The new market study consists of information on
key conferences and events in 2020–2027.
·
The new market study consists of the region-wise
regulatory landscape.
·
The new market study consists of Porter's Five
Forces Analysis
·
The new market study provides details of the
strategies of the top 5 players operating in the market.
·
The competitive landscape chapter has been
updated with the market evaluation matrix. The competitive landscape also
includes the market share analysis of major global players (as of 2021),
updated competitive leadership mapping, and competitive situations and trends.
·
The new market study comprises 25 players. These
companies have emerged as key market players in recent years due to their
products and various strategic investments undertaken in the medical aesthetic
market space.
·
Updated financial information/product portfolio
of players: The new edition of the report provides updated financial
information in the context of the medical aesthetic market from January 2020 to
July 2022 (depending on availability) for each listed company in graphical
representation.
·
Updated market developments of profiled players:
The current report includes the market developments from January 2020 to July
2022.
During the production cycle of the report, in-depth
interviews were conducted with various primary respondents, which include key
opinion leaders, subject matter experts, directors, and C-level executives of
selected particle counters vendors to obtain and verify critical qualitative
and quantitative information. This primary data was collected mainly through
questionnaires, mails, and telephonic interviews.
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