Antimicrobial Susceptibility Test Market is anticipated to expand at a CAGR of 6.1% from 2023 to 2032 | insightSLICE
The global Antimicrobial Susceptibility Test market size was estimated to be US$ 3.4 billion in 2021 and is expected grow at a CAGR of 6.1% between 2023 to 2032.
In addition, the report will include information on important development initiatives, global and regional sales networks, corporate strategies, research progress, and workforce and management details for all significant market participants.
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The key players of the Global Antimicrobial Susceptibility Test Market are:
The main companies involved in the development of the global antimicrobial susceptibility test market are Alifax S.r.l. Italy, Accelerate Diagnostics, Inc., Bio-Rad Laboratories, Inc., BD, Merlin (A Bruker Company), bioMérieux SA, Danaher Corporation, Creative Diagnostics, HiMedia Laboratories, Merck Group, Thermo Fisher Scientific Inc., and Liofilchem S.r.l.
One example from this article is statistics on Thermo-Fisher Scientific Inc. They recorded earnings of USD 24.4 billion in 2018, and according to the product and service segment analysis, its Laboratory Products & Services business division generated the majority of the income statement in that year.
Global rise of antimicrobial susceptibility testing market:
The rise in antibiotic resistance, the frequency of contagious diseases, the adoption of targeted therapy, and quantitative instrument research & development are important factors driving the growth of the global antimicrobial susceptibility test market.
The bulk of contagious infections are caused by bacteria and necessitate specific medications. However, because of the genetic change that the bacteria integrated for survival in the host organism, antibiotic resistance in people has substantially risen with increased antibiotic intake.
As a result, there is a huge increase in the market for precision medicine worldwide. Before starting therapy for bacterial disorders, the antimicrobial susceptibility test is performed. According to the test results, the client is given a prescription for an appropriate and efficient medication against their disease.
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Market analysis and statistics provided in this report:
With an emphasis on all categories in this market, the report for antimicrobial susceptibility test offers an in-depth analysis of significant players with a significant share of the global market.
This would help to identify the companies focused on antimicrobial susceptibility test equipment, reagents, and technology. Additionally, it would help estimate the market shares of well-known businesses in the global antimicrobial susceptibility test market.
Thermo Fisher Scientific Inc., for instance, conducts operations through its four divisions that are Life Sciences Solutions, Laboratory Products & Services, Specialty Diagnostics, and Analytical Instruments. With a sales output of US$9.52 billion in 2018, the firm’s Laboratory Products & Services division provides antimicrobial susceptibility test products and has a global presence.
The participants involved in the market’s value and supply chains, as well as their contributions, will be taken into account in this report. The main line of products their development and their expected timeline will be covered as the main emphasis in the product range analysis.
Similar to this, the subsection on recent events should concentrate on the firm’s most recent activities, such as potential alliances, takeovers, new product launches, and geographic expansion in the market for antimicrobial susceptibility tests.
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Global Antimicrobial Susceptibility Test Market Key Segments:
Based On Type
- Antibacterial Testing
- Antifungal Testing
- Antiparasitic Testing
Based On Product Type
- Automated Laboratory Instruments
- Manual Antimicrobial Susceptibility Testing Products
- Susceptibility Testing Disks
- Minimum Inhibitory Concentration (Mic) Strips
- Susceptibility Plates
- Culture And Growth Media
Based On Method
- Disk Diffusion
- Epsilometer Test (Etest)
- Automated Antimicrobial Susceptibility Testing
- Genotypic Methods
Based On Applications
- Clinical Diagnostics
- Drug Discovery And Development
Based On End User
- Diagnostic Centers And Hospitals
- Pharmaceutical And Biotechnology Companies
- Contract Research Organizations (Cros)
- Research And Academic Institutes
Based On Geography
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Rest of South America
- North America
Regional performance of Antimicrobial Susceptibility Test Market
The region that accounted for the largest portion of the global antimicrobial susceptibility test market is North America. This is also expected to expand significantly for the forecast period thanks to the presence of top analytical instrument manufacturers, the widespread use of precision medicine, and a sophisticated healthcare system.
Due to the rising adoption and awareness of targeted therapy, the frequency of communicable diseases, and the growing geriatric population, the Asia Pacific region is anticipated to be the most attractive market over the forecast period.
Additional drivers boosting the growth of pharmaceutical manufacturing shortly is the rising investment in antimicrobial susceptibility testing.
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