Navigating the Antimicrobial Susceptibility Testing Market Key Trends and Insights

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2. Antimicrobial Susceptibility Testing Market – 2021-2028 According to a new market research report titled,“Antimicrobial Susceptibility Testing Marketby Product (Manual {Susceptibility Discs, Plates, MIC Strips}, Consumables, Automated), Method (Diffusion, Dilution), Application (Clinical Diagnostics), End User (Hospitals, Pharma, Institutes) - Forecast to 2028,”published by Meticulous Research®, the antimicrobial susceptibility testing market is expected to grow at a CAGR of 6.4% from 2021 to 2028 to reach $5.99 billion by 2028. DownloadFree Sample Report Now @https://www.meticulousresearch.com/download-sample- report/cp_id=5062 Antimicrobial susceptibility testing (AST) is one of the vital tasks performed in clinical microbiology laboratories. The primary goal of these tests is to detect possible drug resistance in common pathogens and assure susceptibility to drugs of choice for a particular type of infection. In recent years, the rising antibiotic resistance has led to the increasing demand for antimicrobial susceptibility testing. The growth of this market is mainly attributed to the high prevalence of infectious diseases, development of automated & manual products for AST, increasing government initiatives & funding towards AST programs, technological advancements towards the development of new AST methods, and the emergence of multidrug resistance in microorganisms. Emerging markets and active R&D to develop rapid antimicrobial susceptibility testing are expected to offer significant growth opportunities for players operating in the antimicrobial susceptibility testing market. However, stringent government regulations are expected to hinder the growth of this market to a certain extent. On the other hand, the high cost of automated antimicrobial susceptibility testing systems and issues in AMR surveillance in low-income and middle-income countries pose challenges for the industry. The overall antimicrobial susceptibility testing market is segmented on the basis of product, method, application, end use, and geography. Based on product, the antimicrobial susceptibility testing market is segmented into manual AST products, automated AST products, and consumables. In 2021, the manual AST products segment is estimated to account for the largest share of the overall antimicrobial susceptibility testing market. The growth in this market is driven by the inexpensive nature of manual AST products, simple handling procedures for these products, rising incidence of antibacterial resistance, availability of a diverse range of consumables for manual testing, and easy interpretation of these tests. Speak to our Analysts:https://www.meticulousresearch.com/speak-to-analyst/cp_id=5062 Based on method, the antimicrobial susceptibility testing market is segmented into disk diffusion, automated AST, dilution, and other methods. In 2021, the disk diffusion segment is expected to account for the largest share of the overall antimicrobial susceptibility testing market. The advantages of the disk diffusion method are the test simplicity that does not require any special equipment, the provision of categorical results easily interpreted by all clinicians, and flexibility in selecting disks for testing. The low cost of performing AST testing with the disk diffusion methods and developments in the method with automated technology is primarily boosting the segment market growth. Based on end user, the antimicrobial susceptibility testing market is segmented into diagnostic laboratories & hospitals, pharmaceutical & biotechnology companies, and research & academic institutes. In 2021, the diagnostic laboratories & hospitals segment is estimated to account for the largest share of the overall antimicrobial susceptibility testing market. The large share of this segment is mainly attributed to the availability of the well-equipped facility and trained/skilled technicians and rising cases of hospital-acquired infections. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Antimicrobial Susceptibility Testing Market – 2021-2028 Based on geography, the global antimicrobial susceptibility testing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2021, North America is estimated to account for the largest share of the global antimicrobial susceptibility testing market, followed by Europe and Asia-Pacific. The large share of the North American region is attributed to the rising healthcare expenditure, growing pharmaceutical R&D investment, and availability of advanced susceptibility testing methods. However, Asia-Pacific is expected to grow at the highest CAGR of 8.4% due to increasing cases of antibiotic resistance and increasing awareness about antimicrobial susceptibility testing. Some of the prominent players operating in the global antimicrobial susceptibility testing market include Merck KGaA (Germany), bioMérieux S.A. (France), HiMedia Laboratories Pvt. Ltd. (India), MERLIN Diagnostika GmbH (Germany), Alifax S.r.l. (Italy), Synbiosis (U.K.), and Zhuhai DL Biotech Co., Ltd (China) among others. New product launches, enhancements, approvals, and agreements are some of the key strategies adopted by the players to expand their service offerings, global footprint and augment their market share. To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/antimicrobial-susceptibility-testing-market- 5062 Scope of the Report: Antimicrobial Susceptibility Testing Market, by Product • Manual Antimicrobial Susceptibility Testing Products • Consumables • Automated Antimicrobial Susceptibility Testing Products Antimicrobial Susceptibility Testing Market, by Method • Disc Diffusion • Automated AST • Dilution • Other Methods Other methods include Etest, genotypic methods, and MALDI-TOF MS. Antimicrobial Susceptibility Testing Market, by Application • Clinical Diagnostics • Drug Discovery and Development • Other Applications (Other applications include epidemiology, veterinary diagnostic, and environmental monitoring) Antimicrobial Susceptibility Testing Market, by End User • Diagnostic Laboratories and Hospitals • Pharmaceutical and Biotechnology Companies Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Antimicrobial Susceptibility Testing Market – 2021-2028 • Research and Academic Institutes Antimicrobial Susceptibility Testing Market, by Geography • North America • Europe • Asia-Pacific (APAC) • Latin America • Middle East & Africa Quick Buy- https://www.meticulousresearch.com/Checkout/84907712 Contact Us: Meticulous Research® Email-sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn-https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com