Automated Antimicrobial Susceptibility Testing Market 8.9% CAGR Find Out Growth Potential Through Demand Forecast 2026 | CMI
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Global Automated Antimicrobial Susceptibility Testing Market, by Product Type (Consumables and Instruments), by Detection Method (Turbidimetric and Colorimetric), by Application (Antibacterial (Tuberculosis and Sepsis), Antifungal, Anti-parasitic, and Anti-viral), by End User (Pharmaceutical and Biotechnology Companies, Contract Research Organizations, Hospitals, and Pathology/Diagnostic Laboratories), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 1,295.5 million in 2018 and is estimated to exhibit a CAGR of 8.9% over the forecast period (2018-2026), as highlighted in a new report published by Coherent Market Insights.
The increasing multidrug resistance research, new product launches, and rising number of development programs, coupled with funding are the major factors that are expected to fuel growth of the automated antimicrobial susceptibility testing market over the forecast period.
Moreover, contract research organizations are engaged in performing various research and development activities such as AST and multidrug resistivity testing. Thus, increasing research and development of small molecules by various manufacturing organizations is expected to drive adoption of AST, which is further expected to drive growth of the market over the forecast period. For instance, according to the Cambrex Corporation’s report 2017 on small molecules, small molecules are expected to gain major traction in the pharmaceutical industry, with the approval of 34 new small molecule entities by the U.S. Food and Drug Administration (FDA) in 2017.
Furthermore, major players are focusing on launching susceptibility testing systems in the market, in order to expand their product portfolio and strengthen their position in the global market. For instance, in March 2016, Thermo Fisher Scientific launched antimicrobial susceptibility testing for Tedizolid, allowing microbiology laboratories to perform Tedizolid susceptibility testing of fastidious and non-fastidious Gram positive organisms, which cause acute bacterial skin and skin structure infections (ABSSSIs) in adults. Therefore, increasing launches of such AST testing is expected to drive adoption of susceptibility plates during the forecast period.
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Moreover, in 2017, bioMérieux launched ETEST Ceftolozane/Tazobactam and ETEST Ceftazidime/Avibactam, which determines the minimum inhibitory concentration (MIC) values necessary to effectively treat infections caused by multidrug resistant organisms.
Additionally, rising numbers of funding for research of antibiotic resistant microbes is expected to further boost the automated antimicrobial susceptibility testing market growth over the forecast period. For instance, in November 2017, Symcel AB, a company engaged in cell-based assay tool for real-time cell metabolism measurements, secured US$ 4.23 million Horizon 2020 funding to support the company’s evaluation of improved combination testing of antibiotics against extensively drug-resistant bacteria in sepsis patients.
Browse 38 Market Data Tables and 25 Figures spread through 200 Pages and in-depth TOC on “Automated Antimicrobial Susceptibility Testing Market, by Product Type (Consumables and Instruments), by Detection Method (Turbidimetric and Colorimetric), by Application (Antibacterial (Tuberculosis and Sepsis), Antifungal, Anti-parasitic, and Anti-viral), by End User (Pharmaceutical and Biotechnology Companies, Contract Research Organizations, Hospitals, and Pathology/Diagnostic Laboratories), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026”
To know the latest trends and insights related to automated antimicrobial susceptibility testing market press release, click the link below: https://www.coherentmarketinsights.com/press-release/automated-antimicrobial-susceptibility-testing-market-to-surpass-us-25549-million-by-2026-1397
Key Takeaways of the Automated Antimicrobial Susceptibility Testing Market:
- The global automated antimicrobial susceptibility testing market is expected to exhibit a CAGR of 8.9% over the forecast period (2018-2026), attributed to increasing research & development and demand for genomic and repertoire sequencing-based research
- On the basis of product type, the consumables segment is expected to account for major market share, in terms of revenue in 2026, attributed to increasing product launches by key players. For instance, in 2016, HiMedia Laboratories introduced its HiCrome Muller Hinton Agar product, which is used for presumptive identification and susceptibility testing.
- Key players operating in the global automated antimicrobial susceptibility testing market include bioMérieux S.A., HiMedia Laboratories, Alifax Holding S.p.A., Creative Diagnostics, Resistell AG, Danaher Corporation, Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Merck KGaA, and Bio-Rad Laboratories, Inc.
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