Antimicrobial Susceptibility Testing Market : Emerging Market Trends, Top Growing Segments and Future Developments
Growth in this market is primarily driven by the rising incidence of infectious diseases; technological advancements towards the development of rapid AST technologies; increased funding, research grants, and public-private investments; growing government initiatives to detect and control antimicrobial-resistant species; and the emergence of multidrug resistance due to drug abuse.
According to the new market research report Antimicrobial Susceptibility Testing Market size is projected to reach USD 4.2 billion by 2025 from USD 3.2 billion in 2020, at a CAGR of 5.5% during the forecast period.
Based
on the product, the antimicrobial susceptibility testing market is
segmented into automated laboratory instruments, manual antimicrobial
susceptibility testing products, culture and growth media, and
consumables. The manual susceptibility testing products segment is
further divided into susceptibility testing disks, MIC strips, and
susceptibility testing plates. Among the manual antimicrobial
susceptibility testing products, the susceptibility testing disks
segment held a major share of the market in 2019. The high quality, low
cost, and ease of use of these products are increasing the adoption of
susceptibility testing disks in emerging countries. Some prominent
players offering susceptibility testing disks include BD (US), Thermo
Fisher Scientific, Inc. (US), Bio-Rad Laboratories, Inc. (US), and
HiMedia Laboratories (India).
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Based
on application, the antimicrobial susceptibility testing market has
been segmented into the market is segmented into clinical diagnostics,
drug discovery and development, epidemiology, and other applications.
Significant market growth in the clinical diagnostics segment can be
attributed to the rising burden of infectious diseases, the growing
burden of antimicrobial resistance, and new product launches in the
market.
Based on type, the market has been segmented into the
antibacterial susceptibility testing, antifungal susceptibility testing,
antiparasitic susceptibility testing, and susceptibility testing types.
Among these, the antibacterial susceptibility testing segment dominated
the market in 2019. The major share of the segment is attributed to the
presence of regulatory guidelines to streamline the process of
antibacterial susceptibility testing, technological advancements, and
the rising burden of antibacterial resistance in developing as well as
developed countries.
The competitive landscape includes the
analysis of the key growth strategies adopted by major players between
2017–2020 to expand their global presence and increase their market
shares in the antimicrobial susceptibility testing market. The key
growth strategies adopted by the top players in the market include
product launches and approvals, agreements, expansions, and
acquisitions. Product approvals and launches were the most widely
adopted growth strategies by market players in the last three years to
garner a larger share of the market. In 2019, the antimicrobial
susceptibility testing market was dominated by bioMérieux SA (France),
Becton, Dickinson and Company (US), Thermo Fisher Scientific (US),
Danaher Corporation (US), and Bio-Rad Laboratories, Inc. (US).
bioMérieux
SA (France) is a leader in the global AST market. bioMérieux is a
developer of innovative solutions for clinical diagnostics and
industrial microbiological control in fields such as the agri-food
sector, environmental monitoring, and veterinary diagnostics. The
comprehensive range of products, high focus on R&D (to deliver novel
products in the market), and strong geographical presence are the key
factors contributing to the major market share of the company in the AST
market.
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North
America, comprising the US and Canada, accounted for the largest share
of the antimicrobial susceptibility testing market in 2019.
Technological advancements in rapid antimicrobial susceptibility testing
systems, rising incidence of infectious diseases (such as AIDS,
tuberculosis, and pertussis), and government support for antimicrobial
resistance-related research are the major factors driving market growth
in North America. As AST through conventional methods is a lengthy
process, customers in North America are moving towards rapid AST
techniques, which require minimal reagents. This trend will have a
positive impact on the automated instruments market.
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