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“The antimicrobial susceptibility testing market projected to grow at a CAGR of 5.1% during the forecast period.”The global antimicrobial susceptibility testing market is projected to reach USD 3.47 billion by 2022 from USD 2.71 billion in 2017, at a CAGR of 5.1%.The major factors driving the growth of the market include the rising prevalence of infectious diseases; emergence of multidrug-resistance due to drug abuse; and increasing funds, research grants, and public-private investments. However, the high cost of automated antimicrobial susceptibility testingsystems and unfavorable reimbursement scenario are restraining the growth of this market.
Browse 62 market data Tables and 38 Figures spread through 164 Pages and in-depth TOC on "Antimicrobial Susceptibility Testing Market by Product (Automated System, Disks, MIC Strips, Media), Method (Dilution, Diffusion), Type (Antibacterial, Antifungal), Application (Clinical, Drug Discovery), End User (Labs, Hospitals) - Global Forecast to 2022" http://www.reportsnreports.com/reports/1308641-antimicrobial-susceptibility-testing-market-by-product-automated-system-disks-mic-strips-media-method-dilution-diffusion-type-antibacterial-antifungal-application-clinical-drug-discovery-end-user-st-to-2022.html
“The automated antimicrobial susceptibility testing segment is expected to grow at the highest rate during the forecast period.”
On the basis of product, the global antimicrobial susceptibility testing market is segmented automated laboratory instruments, manual antimicrobial susceptibility testing products, culture and growth media, and consumables. The automated laboratory instruments segment is estimated to witness the highest growth during the forecast period, primarily due to on-going technological advancements and increasing demand for faster susceptibility testing systems.
“The disk diffusion segment accounted for the largest share of antimicrobial susceptibility testing market by method.”
On the basis of method, the antimicrobial susceptibility testing market is segmented into disk diffusion, dilution, ETEST, automated antimicrobial susceptibility testing, and genotypic methods. The disk diffusion segment is expected to have the largest share of the market in 2017. This is mainly attributed to factors such as its low cost and flexible nature.
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“The APAC market is expected to grow at the highest CAGR during the forecast period.”
Geographically, the antimicrobial susceptibility testing market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The APAC market is expected to register the highest growth rate during the forecast period. The fast growth of this segment is mainly due to the region’s large population and its mix of growing and developed economies, such as Japan, China, and India. Moreover, as markets in developed countries are increasingly becoming saturated, manufacturers and suppliers of antimicrobial susceptibility testing products are shifting their focus towards the Asian market, thereby driving the growth of this market during the forecast period.
Breakdown of supply-side primary interviews:
By Company Type - Tier 1 – 25%, Tier 2 – 30% and Tier 3 – 45%
By Designation- C-level – 26%, Director level – 30%, Others – 44%
By Region- North America - 34%, Europe – 26%, APAC – 23%, RoW – 17%
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The major players in the market included are bio Mérieux (France), BD (US), Danaher (US), Thermo Fisher (US), and Bio-Rad (US).
Research Coverage
This report studies the antimicrobial susceptibility testing market based on product, method, type, application, end user, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.
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Reasons to Buy the Report:
This report focuses on various levels of analysis—industry trends, market ranking of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the antimicrobial susceptibility testing market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.
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Release ID: 298437
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