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Worldwide antimicrobial susceptibility testing market is projected to succeed in USD 3.47 billion by 2022, at a CAGR of 5.1%. The report can facilitate each established corporations also as new entrants/smaller corporations to determine the heartbeat of the market and garner bigger market shares.
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Antimicrobial Susceptibility Testing Market projected to grow at a CAGR of 5.1% during the forecast period The global antimicrobial susceptibility testing market is projected to reach USD 3.47 billion by 2022 from USD 2.71 billion in 2017, at a CAGR of 5.1%. The major factors driving the growth of the market include the rising prevalence of infectious diseases; emergence of multidrug-resistance due to drug abuse; and increasing funds, research grants, and public-private investments. However, the high cost of automated antimicrobial susceptibility testing systems and unfavorable reimbursement scenario are restraining the growth of this market. Summary
This report categorizes the market based on manufacturers, regions, types and applications. • Major Players • bioMérieux (France) • BD (US) • Danaher (US) • Thermo Fisher (US) • Bio-Rad (US)
The breakdown of the primaries on the basis of company, designation, and region conducted during the research study, is as follows: • By Company Type - Tier 1 – 25%, Tier 2 – 30% and Tier 3 – 45% • By Designation - C-level – 26%, Director level – 30%, Others – 44% • By Region - North America - 34%, Europe – 26%, APAC – 23%, RoW – 17% • *Others include sales managers, marketing managers, and product managers.
Regional analysis covers Europe North America Asia-Pacific Middle East and Africa Latin America
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The disk diffusion segment accounted for the largest share of antimicrobial susceptibility testing market by method • On the basis of method, the antimicrobial susceptibility testing market is segmented into disk diffusion, dilution, ETEST, automated antimicrobial susceptibility testing, and genotypic methods. • The disk diffusion segment is expected to have the largest share of the market in 2017. • This is mainly attributed to factors such as its low cost and flexible nature.
Geographically, the antimicrobial susceptibility testing market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. • The APAC market is expected to register the highest growth rate during the forecast period. • The fast growth of this segment is mainly due to the region’s large population and its mix of growing and developed economies, such as Japan, China, and India. • Moreover, as markets in developed countries are increasingly becoming saturated, manufacturers and suppliers of antimicrobial susceptibility testing products are shifting their focus towards the Asian market, thereby driving the growth of this market during the forecast period.
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