The market analysis furnishes insights into the drivers and restraints affecting the Antimicrobial Susceptibility Testing Market, employing SWOT analysis to delineate their impact on demand throughout the forecast period. Drawing inspiration from the marketing strategies of competitors, businesses can formulate innovative ideas and ambitious sales targets, thereby gaining a competitive edge. This professional and in-depth study on the current market state is designed to provide granular information, empowering clients to make efficient business decisions. Therefore, the Antimicrobial Susceptibility Testing Market report aims to offer clients the necessary detailed information to facilitate informed decision-making.
Antimicrobial susceptibility testing market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.9% in the forecast period of 2022 to 2029 and is expected to reach USD 5,688.50 million by 2029 from USD 3,616.78 million in 2021. The high prevalence of infectious diseases and increasing awareness towards early diagnosis is the major driver which is propelling the market in the forecast period.
Antimicrobial susceptibility testing (AST) is a laboratory procedure which is used to determine which antimicrobial impedes the growth of bacteria, fungi, and other microorganism causing a specific infection. Susceptibility testing is performed on microorganisms such as bacteria, fungi causing the infection after they have been recovered in a culture of the specimen.
Top Industry Players:
The major companies which are dealing in the antimicrobial susceptibility testing market are BD, Synbiosis, Zhuhai DL Biotech Co., Ltd, Mast Group Ltd., HiMedia Laboratories, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Creative Diagnostics, Genefluidics, Inc., Rosco Diagnostica A/S, ERBA Group, Liofilchem S.r.l., Alifax S.r.l., MERLIN Gesellschaft für mikrobiologische Diagnostika mbH, bioMérieux SA, Merck KGaA, Danaher, Accelerate Diagnostics, Inc., NuMedii, Inc., and BacterioScan, Inc. among others.among other domestic and Asia-Pacific players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separatelyMany product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the antimicrobial susceptibility testing market.
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Market Segmentation:
Global antimicrobial susceptibility testing market is categorized into six notable segments which are based on product type, methods, type, application, end user and distribution channel.
- On the basis of product type, antimicrobial susceptibility testing market is segmented into instruments, consumables & accessories and services & software. In 2022, instruments segment is expected to dominate the market as most companies are launching instruments for antimicrobial susceptibility testing.
- On the basis of methods, antimicrobial susceptibility testing market is segmented into mass spectrometry method, dilution, disk diffusion, e-test, genotypic methods, and others. In 2022, disk diffusion method is expected to dominate as this method provides the accurate, reliable, and efficient results.
- On the basis of type, antimicrobial susceptibility testing market is segmented into antibacterial testing, antifungal testing and others. In 2022, antibacterial testing segment is expected to dominate the market due to wide number of tests for antibacterial testing available in the market.
- On the basis of application, antimicrobial susceptibility testing market is segmented into clinical diagnostics, drug discovery and development, epidemiology and others. In 2022, clinical diagnostics segment is expected to dominate the market because these tests are most frequently done for clinical diagnosis.
- On the basis of end user, antimicrobial susceptibility testing market is segmented into hospitals, pharmaceuticals and biotechnology companies, diagnostic laboratories, contract research organizations, research centres & academic institutes and others. In 2022, hospitals segment is expected to dominate market because these antimicrobial tests are performed in hospitals to a great extent with latest technologies available.
- On the basis of distribution channel, antimicrobial susceptibility testing market is segmented into direct sales, retail sales and third party distributor. In 2022, direct sales segment is expected to dominate the market because consumers are aware of this distribution channel and they prefer direct sales for seeking the benefits of discounts, bulk buying and easy availability of products.
The Antimicrobial Susceptibility Testing Market survey report encapsulates the fluctuations in CAGR values, indicating rises or falls within the specified forecast period. The data utilized for crafting this business report is derived from data collection modules featuring large sample sizes. This market report’s crucial highlights encompass key market dynamics, the present market scenario, and the sector’s future prospects. Furthermore, the report meticulously identifies and analyses rising product trends, major drivers, challenges, and opportunities in the market. Through the application of well-established tools and techniques, the Antimicrobial Susceptibility Testing Market report adeptly transforms complex market insights into a more accessible and comprehensible version.
Strategic Points from Table of Content:
Chapter 1: Global Antimicrobial Susceptibility Testing Market Overview
Chapter 2: Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Research Conclusions of Global Antimicrobial Susceptibility Testing Market
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