The global antimicrobial susceptibility testing market is projected to be worth USD 4,587.1 Million by 2027, according to a current analysis by Emergen Research. The antimicrobial/antibiotic susceptibility testing/antibiotic sensitivity testing market is observing high demand attributed to the growing prevalence of the infectious disease. Emerging infectious diseases pose a substantial burden on public health and economies worldwide and are considered to be triggered essentially by socio-economic, ecological, and environmental factors. The recent outbreak of the COVID-19 pandemic dramatically has raised cognizance of the worldwide burden of infectious disease and about the readiness of public health systems to combat the spread of such diseases.
Based on the in-depth analysis the research also brings to light major facts pertaining to the vital aspects such as market share, size, and growth rate. Deep dive into other aspects including the investment feasibility, demand and supply, import and export status, supply chain management and growth prospects narrates a lot about what the business environment will be like for the forecast period,2020 - 2027. All the vital statistics in the report are explained with the help of resources such as tables, charts, and info graphics.
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Key Highlights From The Report
In September 2020, Accelerate Diagnostics declared the receiving of the US Food and Drug Administration (FDA) approval for novel product improvements to the Accelerate Pheno® system to enhance effectiveness and increase the antibiotic sensitivity testing /antimicrobial susceptibility testing (AST) menu system for blood infections.
Russia, India, China, Brazil, and South Africa are major contributing countries, where 76% of the rise in antibiotic/antimicrobial consumption has been estimated.
A joint collaboration of the Drugs for Neglected Diseases initiative (DNDi) and the World Health Organization, GARDP supports R&D via public-private partnerships. It is expected that by the year 2023, the collaboration intends to develop up to four innovative treatments by improving current antibiotics and expediting new antibiotic drug entry.
Europe contributed to the second-largest antibiotic susceptibility testing/ antibiotic sensitivity testing market share in 2019 due to the increasing biotechnology method’s adoption in the healthcare sector and a rise in the number of new layers entering the market.
Key participants in the antibiotic susceptibility testing/ antibiotic sensitivity testing market include Danaher Corporation, Merck KGaA, HiMedia Laboratories, Bruker Corporation, BioMerieux SA, Bio-Rad Laboratories, Precise Automation, Roche Diagnostics, Accelerate Diagnostics Inc., and Becton, Dickinson, and Company, among others.
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Component Outlook (Revenue, USD Billion; 2017-2027)
Manual Antimicrobial Susceptibility Testing Products
Automated Laboratory Instruments
Culture & Growth Media
Consumables
Type Outlook (Revenue, USD Billion; 2017-2027)
Antibacterial Susceptibility/Sensitivity Testing
Antiparasitic Susceptibility/Sensitivity Testing
Antifungal Susceptibility/Sensitivity Testing
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Drug Discovery & Development
Clinical Diagnostics
Epidemiology
Others
Method Outlook (Revenue, USD Billion; 2017-2027)
Disk Diffusion
Etest Method
Automated Susceptibility Testing Instruments
Genotyping Method
Agar Dilution
End-Users Outlook (Revenue, USD Billion; 2017-2027)
Hospitals
Pharmaceutical Companies
Diagnostic Centers
Clinical Research Organization
Research Institutes
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Antimicrobial Susceptibility Testing/ Antibiotic Sensitivity Testing Market Definition
1.2. Antimicrobial Susceptibility Testing/ Antibiotic Sensitivity Testing Market Research Scope
1.3. Antimicrobial Susceptibility Testing/ Antibiotic Sensitivity Testing Market Methodology
1.4. Antimicrobial Susceptibility Testing/ Antibiotic Sensitivity Testing Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Antimicrobial Susceptibility Testing/ Antibiotic Sensitivity Testing Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Antimicrobial Susceptibility Testing/ Antibiotic Sensitivity Testing Market Segmentation & Impact Analysis
Continued…
