USD 3.60 Billion
Report ID:
SQMIG35B2120 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
90
|Figures:
76
Antimicrobial Susceptibility Testing Market size was valued at USD 3.98 Billion in 2023 and is poised to grow from USD 4.19 Billion in 2024 to USD 5.99 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
Antimicrobial susceptibility testing market is a crucial sector in the healthcare industry, essentially in infectious disease management and microbiology. The market is considerably driven by the rising cases of antibiotic-resistant bacteria that has remarkably increased the demand for AST or antimicrobial susceptibility testing for efficient treatment choices. Increasing prevalence of infectious diseases on the global scale is considerably driving the demand for reliable and accurate diagnostic technologies. Furthermore, growing advancements and innovations in diagnostic tools like automation in testing procedures and molecular methods are improving the precision and efficacy of antimicrobial susceptibility testing. The market is also positively impacted by the rising number of players, allowing providers to choose the suitable testing option.
Nonetheless, the global antimicrobial susceptibility testing market is anticipated to be hampered by the significant cost of AST technologies, lack of standardization, and growing complexity of procedures. The cost of AST technologies could create barriers to adoption, especially among the middle-income and low-income regions. This could restrict the broad adoption and hamper market growth. lack of standardized norms and procedures may result in variations in test outcomes, affecting reliability. Some of the AST techniques may be complex and demand specialized training. This could incur costs and be a barrier for a few healthcare settings. Yet, the market is opportune to factors like the growing trend of POC testing, offering prospects for user friendly AST solutions and improvements in regenerative medicine.
US Antimicrobial Susceptibility Testing Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 3.60 Billion
Largest Segment
Phenotypic Testing
Fastest Growth
Rapid Testing
Growth Rate
5.20% CAGR
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Global Antimicrobial Susceptibility Testing Market is segmented on the basis of test type, end user, product type, and region. By test type, the market is segmented into phenotypic testing, genotypic testing, and rapid testing. By end user, the market is segmented into hospitals and diagnostic laboratories, research and academic institutes, and pharmaceutical and biotechnology companies. By product type, the market is segmented into Instruments, reagents and kits, and software and services. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Antimicrobial Susceptibility Testing Market Analysis by Test Type
Based on test type, the antimicrobial susceptibility testing market is categorized into phenotypic testing, genotypic testing, and rapid testing. The phenotypic testing segment held a notable share of the market in the previous years and is expected to lead over the forecast period as well owing to established methodology, exhaustive results, and cost-effectiveness. Phenotypic testing types like broth microdilution and disk diffusion are well-developed and are prominently used in labs. Their reliability and history of use increases trust among clinicians. They offer direct evaluation of the response of microorganisms to antibiotics, providing useful insights in patterns of resistance and helping treatment decisions. Also, they are budget-friendlier than the novel molecular methods.
On the other hand, the rapid testing segment is projected to grow considerably over the forecast period owing to the result speed, improved patient outcomes, and rising demand for POC testing. Rapid tests offer results in just a few hours instead of days. This enables timely treatment and immediate clinical decision-making, which is needed in proper management of infections. The ability to swiftly detect appropriate anti-microbial therapy decreases the period of illnesses and reduces the complication risks. This results in enhanced patient outcomes. Furthermore, there is a rising trend towards POC testing, where these tests can be conducted in clinics. This increases convenience and accessibility for healthcare providers.
Antimicrobial Susceptibility Testing Market Analysis by End User
Based on end user, the market is segmented into hospitals and diagnostic laboratories, research and academic institutes, and pharmaceutical and biotechnology companies. The hospitals and diagnostic laboratories segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to higher patient volume, developed infrastructure, and clinical decision support. Hospitals manage many patient pools that drive the need for effective AST to guide decisions for treatment. Diagnostic labs and hospitals offer offers access to essential technology and professional staff to conduct several AST methods, comprising molecular and phenotypic tests. Hospitals also need accurate and speedy susceptibility testing for informed treatment, mainly in acute care settings.
On the other hand, the pharmaceutical and biotechnology companies' segment will hold a remarkable market share in the coming years owing to factors like drug development assistance, innovation and research, and collaborations and partnerships. These companies use AST to assess the efficiency of antimicrobial agents during drug development procedures. This confirms that the candidates are responsive to resistant strains. Also, there is an increased emphasis on R&D, leading to constant development of new testing techniques, impacting market growth. Moreover, several biotechnology and pharmaceutical companies are collaborating with diagnostic firms to improve their testing competencies and incorporate AST in their product lines.
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Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to the developed healthcare infrastructure, strong research and development, and rising cases of infectious diseases. The region holds high-tech healthcare systems with superior diagnostic facilities and laboratories, allowing widespread adoption of antimicrobial susceptibility testing. There is a robust investment in research and development from private and public firms that nurture advancements and innovations in AST methods and technologies. The region also faces a large population with infectious diseases, thus impacting regional growth. The key players profiled in the region include Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Abbott Laboratories, Agilent Technologies, Inc., and more.
Asia-Pacific is the fastest-growing region in the global antimicrobial susceptibility testing market due to the increasing prevalence of infectious diseases, rising awareness of (AMR) Antimicrobial Resistance, and enhancing healthcare infrastructure. The region is witnessing the growing incidences of infectious diseases, rising the demand for efficient testing. Recognition and increased awareness of AMR concerns is triggering healthcare providers and governments to emphasize AST as a unit of public health strategies. Also, several nations of Asia-Pacific are focusing on investment in developing diagnostic capabilities and healthcare infrastructure, thus aiding the adoption of AST tools. The market is also fueled by speedy economic growth, resulting in more healthcare spending and investments in R&D.
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Antimicrobial Susceptibility Testing Market Drivers
Rising Antimicrobial Resistance and Cases of Infectious Diseases
Growing Awareness for Infection Control
Restraints
Low Awareness and Regulatory Challenges
Growth of Alternate Testing Methods
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The competitive landscape of the global antimicrobial susceptibility testing market presents a combination of a plethora of market players, engaged in offering effective technologies and products. The leading market players like Becton, Dickinson and Company (BD), Thermo Fisher Scientific, Siemens Healthineers, and bioMérieux are focused on offering integrated solutions, innovative diagnostic technologies, and improved microbiology systems. Companies are also investing in R&D to develop improved testing methods and strategic alliances to expand market reach. Overall, the market is differentiated by collaborations, innovations, and focus on addressing the obstacles.
Antimicrobial Susceptibility Testing Market Top Player’s Company Profile
Antimicrobial Susceptibility Testing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the antimicrobial susceptibility testing market is considerably progressing due to emerging market opportunities in developing regions like Latin America and Asia-Pacific, the growing integration of POC testing, growth in research and development activities, and emphasis on personalized medicine. However, the market is hampered by the growth of new pathogens, limitations associated with infrastructure in the progressing markets, and variating healthcare budgets. North America is anticipated to lead the market due to increased education and growing awareness, strong research and development, and increasing incidences of infectious diseases. Nonetheless, a few opportunities for the growth of the antimicrobial susceptibility testing market include growing collaborations and partnerships, the growing integration of AST with personalized medicine, and the growing emphasis on rapid diagnostics techniques.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.79 billion |
Market size value in 2031 | USD 5.69 billion |
Growth Rate | 5.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Antimicrobial Susceptibility Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Antimicrobial Susceptibility Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Antimicrobial Susceptibility Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Antimicrobial Susceptibility Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Report ID: SQMIG35B2120
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