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Type: PDF
Status: Syndicate
Categories: Biotechnology
Report Code : BT23
No. of Pages : 150
Antimicrobial susceptibility testing (AST) is a laboratory procedure carried out to recognize which antimicrobial regimen is particularly effective for individual patients. Antimicrobial susceptibility testing is adopted to determine the existence of bacteria and fungi in the body and to decide which specific antibiotics a particular bacteria or fungus is sensitive to. With the increase in pandemic and epidemic situations across the globe, huge numbers of diseases are also transmitting from person to person which is escalating the demand for antimicrobial susceptibility testing and is acting as a driver for the antimicrobial susceptibility testing market.
The global antimicrobial susceptibility testing market in 2023 was approximately USD 3.0 Billion. The market is expected to grow at a CAGR of 5.3% and is anticipated to reach around USD 4.2 Billion by 2030. The strict government regulations on new products and instruments approval will likely to influence the antimicrobial susceptibility testing market. The genomic identification method is observed as a domain in which more developments can be made in order to develop new testing methods which will detect pathogen susceptibility precisely and in less time. This opportunity will support in boosting the antimicrobial susceptibility testing market in coming years. However, the high cost of automated ID/AST systems is likely to hamper the market growth.
The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product. Key players in the market are Biomérieux, Danaher, BD, Thermo Fisher, Bio-Rad, Hi-Media, Merlin, Liofilchem, Accelerate Diagnostics, Alifax, Creative Diagnostics, Merck Group, Synbiosis, Bioanalyse, Zhuhai Dl Biotech and Others.
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