Precise Market Intelligence (PMI) presents its new, comprehensive study on the global Antimicrobial Susceptibility Testing market spanning from 2020 to 2025. The Researchers at PMI have no left no stone unturned in bestowing readers a comprehensive view of the market, by studying the drivers, trends, challenges, and restraints. Backed by historical data and projected data, the report breaks down the vast study into numerous geographies and end-use segments, among others to condense the research. The report also considers production and consumption analysis, value chain analysis, key findings, important suggestions and recommendations, and other aspects. The antimicrobial susceptibility testing market is projected to reach USD 4.2 billion by 2025 from USD 3.2 billion in 2020, at a CAGR of 5.5% during the forecast period.
Analysts at PMI have employed in-depth analysis to offer a lucid understanding of the market and the factors shaping its growth trajectory. Ranging from macro socio-economic factors to micro geography-specific trends, the research has taken into consideration every facet that is likely to play a vital role in the growth of the market in the years to come. Presenting a plethora of valuable information, the report will serve as an effective tool, guiding the market players in making fruitful decisions in the forthcoming years.
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Impact of COVID-19 on Antimicrobial Susceptibility Testing Market
The unforeseen outbreak of COVID-19, which swiftly metamorphosed into the pandemic of unexpected proportions, has shifted the world’s focus towards the healthcare sector. National governments are closely working with healthcare institutions and pharmaceutical companies to provide effective treatment to patients suffering from the infection. As a result, there has been a reorientation of medical priorities across healthcare institutions with treatment for COVID-19 patients being the utmost priority. This is sure to impact the growth of the Antimicrobial Susceptibility Testing market through the pandemic period.
PMI’s report includes a dedicated section expounding both the short-term and long-term impact of the pandemic on the Antimicrobial Susceptibility Testing market. The study is shaped to bolster stakeholders in making the right decisions to mitigate challenges and leverage opportunities through the pandemic.
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Antimicrobial Susceptibility Testing Market: Segmentation
To simply the gargantuan study, the report is segregated on the basis of different segments.
By Product:
Manual Antimicrobial Susceptibility Testing Products
Susceptibility Testing Disks
MIC Strips
Susceptibility Testing Plates
Automated Laboratory Instruments
Culture and Growth Media
Consumables
by Type
Antibacterial Susceptibility Testing
Antifungal Susceptibility Testing
Antiparasitic Susceptibility Testing
Other Susceptibility Testing Types (slow-growing pathogens)
by Method
Etest Method
Disk Diffusion
Automated Susceptibility Testing Instruments
Agar Dilution
Genotyping Methods
by Application
Clinical Diagnostics
Drug Discovery and Development
Epidemiology
Other Applications (Research and academic applications, bioterrorism surveillance, and environmental monitoring)
Global Antimicrobial Susceptibility Testing Market, by End User
Hospitals and Diagnostic Centers
Pharmaceutical and Biotechnology Companies
Research &Academic Institutes
Clinical Research Organizations (CROs)
By Region:
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The aforementioned segments are studied with respect to each individual region, considering the region-specific trends, drivers, and restraints.
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Antimicrobial Susceptibility Testing Market: Competition Analysis
The study bestows valuable insights into the competitive landscape of the global Antimicrobial Susceptibility Testing market, by studying numerous players, their growth strategies, and key developments. The report dwells deep and studies different facets such as product launches, production methodologies, and steps adopted by players to make processes cost-effective, among others, are expected to influence their individual standpoint. Understanding the prevailing trends and strategies on the supply-side empowers players to foster their plan of action accordingly to progress on a remunerative path. Key players covered in the research include
bioMérieux SA (France), Becton, Dickinson and Company (US), Thermo Fisher Scientific (US), Danaher Corporation (US), Bio-Rad Laboratories, Inc. (US), Bruker (US), Roche Diagnostics Limited (Switzerland), Accelerate Diagnostics, Inc. (US), Merck KGaA (US), Hi-Media Laboratories (India), Liofilchem S.r.l. (Italy), Alifax S.r.l. (Italy), Creative Diagnostics (US), Synbiosis (UK), Bioanalyse (Turkey), ZHUHAI DL BIOTECH Co., Ltd. (China), ELITechGroup (France), Mast Group Ltd. (UK), CONDALAB (Spain), Genefluidics, Inc. (US), Biotron Ltd (Australia), InvivoGen (US), MP Biomedicals (US), QuantaMatrix Inc. (South Korea), and PML Microbiologicals Inc. (US), among others
Key Questions Answered in PMI’s Antimicrobial Susceptibility Testing Market Report
Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factor propelling the demand for Antimicrobial Susceptibility Testing during the forecast period?
How current socio-economic trends will impact the Antimicrobial Susceptibility Testing market?
What are the growth strategies implemented by prominent players in the Antimicrobial Susceptibility Testing market to maintain their foothold in the competitive landscape?
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