Antimicrobial Susceptibility Test Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Transparency Market Research (TMR) has published a new report titled, ‘Antimicrobial Susceptibility Test Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global Antimicrobial Susceptibility Test market was valued at US$ 2,770.9 Mn in 2018 and is projected to expand at a CAGR of 4.9% from 2019 to 2027.
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Overview
- Antimicrobial susceptibility test can be defined as a procedure employed for determining which antimicrobials inhibit the growth of the bacteria or fungi which cause specific infections. The results from this test aid the healthcare practitioner in determining the drugs effective for the treatment of patient’s infection.
- There is a drastic increase in the antibacterial – resistance bacterial strains over a decade, this has led to few antibiotics which can control the infection, hence increasing the cost of treatment. In South East Asia the prevalence of infections due to antibiotic resistance is very high. This is due to unhygienic sanitation habits and socioeconomic barriers. In South East Asia, WHO has identified 7 bacteria with high antibiotic resistance, amongst them Enterobacteriaceae and meticillin resistant Staphylococcus aureus (MRSA) are of greatest concern, as fatal or high infections are caused by these bacteria. Hence it necessitates the need for antimicrobial susceptibility testing, contributing to the growth of the market.
- North America dominated the global antimicrobial susceptibility test market in 2018 and the trend is anticipated to continue during the forecast period. The growth of the North America antimicrobial susceptibility test market is attributed with increasing incidence of infectious diseases in the U.S. and Canada are important factors contributing for the growth of the market. According to CDC, in the U.S. approximately, 2 million people are infected with bacteria that are resistant to antibiotics and at least 23,000 people die each year as a direct result of these infections.
- Asia Pacific is likely to be a highly lucrative market for antimicrobial susceptibility test and it is expected to expand at a high CAGR during the forecast period. The growth of the market in the region can be attributed to increasing incidence of infectious diseases and increasing antibiotic resistance. According to NCBI, resistance to fluoroquinolones among invasive Salmonella Typhi isolates in India increased from 8% in 2008 to 28% in
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Infection Control in Health Care Settings to Drive Market
- Increase in incidence of bacterial infection in intensive care with no effective treatment is likely to drive demand for newer antibacterial drugs
- Patients with serious infections such as severe pneumonia and patients with bacterial infection complications after major surgery are treated with antibacterial drugs to avoid infections, as delay in treatment will lead to a serious risk for the patient. Broader-spectrum antibacterial for such empirical treatments drive the need for newer antibacterial drugs.
- In most countries, approximately 20%of antibacterial drugs are used in hospitals and other health care facilities. Hospitals generate some of the most critical infections due to increased use of antibacterial drugs. This increases demand for newer broader spectrum antibacterial drugs aids in the growth of the antimicrobial susceptility test market.
Disk Diffusion Method Segment to Dominate Market
- Based on method, the global Antimicrobial Susceptibility Test market has been divided into broth dilution method, rapid automation method, disk diffusion method, gradient diffusion method, and molecular testing method. The disk diffusion method segment dominated the global Antimicrobial Susceptibility Test market in2018 and the trend is projected to continue during the forecast period. The growth of the segment can be attributed to its wider usage in the detection of growth of bacterial colonies both on large scale and small scale.
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Competitive Landscape
The global antimicrobial susceptibility test market is fragmented in terms of number of players. Key players in the global market include Bio-Rad Laboratories, Inc., Beckman Coulter, Inc. (Subsidiary of Danaher Corporation), Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, Conda, Creative Diagnostics, HiMedia Laboratories, Alifax Holding S.p.A., and Biotron Healthcare, among others.
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The study discloses gripping insights on the antimicrobial susceptibility test market based on product (kits, reagents & consumables, culture media and automated test systems), method (rapid automated method, broth dilution method, disk diffusion method, molecular testing method and gradient diffusion method), test (antibacterial, antiparasitic, and antifungal), end user (diagnostic laboratories and hospitals, pharmaceutical and biotechnology companies, research and academic institutes and contract research organizations) and application (clinical diagnosis, drug discovery and development, and others) across five vital regions.
Each of these segments are examined in terms of market value forecast and market attractiveness, thereby, enlightening readers about the future scenarios likely to occur in the global antimicrobial susceptibility test market.
Online Sales Channel Likely to Assure Greater Revenue The online purchase of antimicrobial susceptibility test kits is expected to progress as a significant trend in the near future, according to Fact.MR.
It is an encouraging route for numerous vendors in order to enhance their online brand recognition value via operative marketing efforts as well as promotional strategies.
Furthermore, the emergence of such channels would also convert into reduced costs, thereby, attracting more buyers in the long run.
The report highlights that with the implementation of active online marketing techniques, manufacturers can also generate awareness associated to key features of their products, which would further lift the sales projections of antimicrobial susceptibility test products.After reading the antimicrobial susceptibility test market report, readers can:Understand the drivers, restraints, opportunities and trends affecting the growth of the global antimicrobial susceptibility test market.Analyze key regions holding significant share of the total antimicrobial susceptibility test market revenue.Study the growth outlook of the global antimicrobial susceptibility test market scenario, including production, consumption, history and forecast.Learn consumption pattern and impact of each end use on the antimicrobial susceptibility test market growth.Investigate the recent R projects performed by each antimicrobial susceptibility test market player.The antimicrobial susceptibility test market report covers the following regions:North America (U.S., Canada)Europe (Germany, France)Asia Pacific (India, China)Middle East & Africa (South Africa, GCC Countries)Request Sample Report - https://www.factmr.com/connectus/sample?flag=S_id=4334On the basis of product type, the antimicrobial susceptibility test market report considers the following segments:Test & KitsCulture MediaAutomated Test SystemConsumablesOn the basis of methods, the antimicrobial susceptibility test market report includes:Broth Dilution MethodRapid Automated MethodDisk Diffusion MethodGradient Diffusion MethodMolecular Testing MethodProminent antimicrobial susceptibility test market players covered in the report contain:Biotron HealthcareDanaher Corporation (Cepheid)HiMedia LaboratoriesCreative DiagnosticsCondaBecton, Dickinson and CompanyThermo Fisher Scientific, Inc.Beckman Coulter, Inc. (Subsidiary of Danaher Corporation)Bio-Rad Laboratories, Inc.Alifax Holding S.p.A.The behavior pattern of each player – new product launches, partnerships, and acquisitions – has been analyzed in the antimicrobial susceptibility test market report comprehensively.
The newest addition to the rich archive of business intelligence reports of Fact.MR is a study on the Global Antimicrobial Susceptibility Test market for the forecast tenure of 2020 to 2025.
This new study is an all-out effort made by the analysts of Fact.MR to come up with accurate data and information-laden report that addresses the unmet needs of the stakeholders of the Global Antimicrobial Susceptibility Test market.
This report makes an offering of detailed assessment of various important market dynamics, which comprise restraints, opportunities, trends, and drivers of the Global Antimicrobial Susceptibility Test market.
This business intelligence report comes with exclusive information as to how the Global Antimicrobial Susceptibility Test market can expand during the assessment tenure of 2020 to 2025.
The report on the global Antimicrobial Susceptibility Test market provides an up-to-date analysis of the existing scenario of the market along with the latest drivers and trends, and the overall environment of the said market.
Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4334In this report, various key indicators of market growth, such as value chain, CAGR (Compounded Annual Growth Rate), supply chain analysis, and Year-on-Year (Y-o-Y) growth of the market have been elaborately discussed for better comprehension of the market.
