Antimicrobial Susceptibility Testing Market Trends and Forecast (2024-2032) | Accelerate Diagnostics Inc, ALIFAX Srl, Becton, Dickinson, and Co., bioMérieux SA

Global Antimicrobial Susceptibility Testing Market presents a variety of new trends that have a significant impact on market growth dynamics as well as the most recent industry knowledge. According to the most recent projection, global growth will reach its lowest point this year at 2.8% before edging up to 3.0% in 2024. Although more slowly than expected, the rate of global inflation will drop from 8.7% in 2022 to 7.0% this year and 4.9% by 2024. Notably, growth rates for emerging markets and developing economies have increased significantly in many cases, from 2.8 percent in 2022 to 4.5% this year.

The global antimicrobial susceptibility testing market size was US$ 2.9 billion in 2021. The global antimicrobial testing market is forecast to grow to US$ 5.5 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030. 

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Antibiotic susceptibility testing is a method for determining whether an antibiotic is effective against a particular pathogen or family of organisms. Broth microdilution or quick automated instrument procedures are the research techniques that are most frequently employed to analyse the susceptibility of microbes to antibiotics.

Factors Influencing the Market
The rising deployment of antimicrobial susceptibility will primarily fuel the growth of the antimicrobial susceptibility testing market during the study period. In addition, changes in personalized drugs and growing government policies are expected to benefit the antimicrobial susceptibility testing market during the analysis period.
The growing cases of multi-drug resistance organisms and rising awareness about the benefits of precision medicine will contribute to the growth of the market. According to a study by Tbfacts.org, nearly 484,000 incident cases of multidrug resistance/ Rifampicin resistance, TB, were recorded in 2018. India accounted for 27% of these cases while 14% of the total cases were recorded in China.
In addition to that, the rising number of awareness campaigns will significantly escalate the growth of the antimicrobial susceptibility testing market during the study period. On the flip side, stringent government policies may limit the growth of the market during the analysis period.

COVID-19 Impact Analysis
The limited demand from end-users primarily declined the growth of the antimicrobial susceptibility testing market. The entire healthcare sector emphasized the COVID-19 disease, which restricted the R&D in the antimicrobial susceptibility testing market.

Regional Analysis
North America is forecast to hold the highest share in the antimicrobial susceptibility testing market due to the growing R&D activities intending to develop novel automated AST systems. In addition, the rising prevalence of infectious diseases, increasing safety issues, and technical developments will drive the growth of the antimicrobial susceptibility testing market during the analysis period. Apart from that, a strong presence of industry players is expected to outline the potential of this regional market during the forecast time frame. The market may also witness significant opportunities due to the well-established precision medicine awareness campaigns, advantageous government initiatives, and an increase in the number of research collaborations.

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Competitors in the Market
• Accelerate Diagnostics Inc
• ALIFAX Srl
• Becton, Dickinson, and Co.
• bioMérieux SA
• Bio-Rad Laboratories Inc.
• Bruker Corp.
• Danaher Corp.
• Merck KGaA
• Scientific Digital Imaging Plc
• Thermo Fisher Scientific Inc.
• Other Prominent Players

The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.

As of the end of 2022, the Antimicrobial Susceptibility Testing industry experienced notable growth in its workforce. Starting in January, employment within the Antimicrobial Susceptibility Testing sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Antimicrobial Susceptibility Testing output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.

Forecasts indicate that the global Antimicrobial Susceptibility Testing output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Antimicrobial Susceptibility Testing market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Antimicrobial Susceptibility Testing market.

Market Segmentation
The global antimicrobial susceptibility testing market segmentation focuses on Product, Type, Application, End-User, and Region.
By Product:
• Manual Antimicrobial Susceptibility Testing Products
• Susceptibility Testing Disks
• MIC Strips
• Susceptibility Testing Plates
• Automated Laboratory Instruments
• Culture and Growth Media
• Consumables

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By Type:
• Antibacterial Testing
• Antifungal Testing
• Antiparasitic Testing
• Others
By Application:
• Diagnostics
• Drug Discovery and Development
• Epidemiology
• Others
By End-user:
• Hospitals and Diagnostic Centers
• Pharmaceutical and Biotechnology Companies
• Research &Academic Institutes
• Clinical Research Organizations (CROs)
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
 Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
 Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

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Table of Contents:

Chapter 1: Introduction to the Global Antimicrobial Susceptibility Testing Industry

Chapter 3: Dynamics of the Market

Chapter 4: Profiles of Leading Companies

Chapter 5: Competition in the Global Antimicrobial Susceptibility Testing Market among Players

Chapter 6: Market Size across Global Regions

Chapter 7: Application Segments in the Global Market

Chapter 8: Segment Analysis of the Global Antimicrobial Susceptibility Testing Industry

Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers

Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders

Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors

Chapter 12: Evaluation of Market Impact Factors

Chapter 13: Forecasted Global Antimicrobial Susceptibility Testing Market Size (2024-2032)

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Key Questions Market Research and Analysis Report

• What is the current market size, both in terms of value and volume?
• What is the historical growth rate of the market, and what are the projected growth rates for the future?
• Who are the major players in the market, and what is their market share?
• What are the market trends and dynamics influencing the industry?
• What are the key drivers of market growth?
• What are the challenges and barriers faced by market participants?
• What are the emerging opportunities in the market?
• What is the competitive landscape of the market?
• What are the consumer preferences, behaviors, and buying patterns within the market?
• What is the market segmentation, and how are different market segments performing?
• What are the pricing trends and strategies in the market?
• What are the distribution channels and their effectiveness in reaching the target audience?
• What are the regulatory and legal factors impacting the market?

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