Antimicrobial Susceptibility Testing Market by Product (Manual, Automated), Type (Antibacterial, Antifungal), Application (Clinical Diagnostics), Method (ETEST, Disk Diffusion, Agar Diffusion, Genotyping), End User & Region - Global Forecast to 2027
Market Growth Outlook Summary
The global antimicrobial susceptibility testing market growth forecasted to transform from $3.6 billion in 2022 to $4.7 billion by 2027, driven by a CAGR of 5.5%. The rising prevalence of infectious diseases, high antibiotic resistance, and supportive government attempts to lessen the burden of infectious diseases are all factors contributing to the growth of the antimicrobial susceptibility testing (AST) market. The use of antibiotic susceptibility testing is growing due to an increase in certain illnesses, such as bloodstream infections and pneumonia brought on by E. coli, K. pneumonia, and P. aeruginosa, among others.
Antimicrobial Susceptibility Testing Market Trends
e- Estimated; p- Projected
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Antimicrobial Susceptibility Testing Market Dynamics
Driver: Emergence of multidrug resistance due to drug abuse
As medication resistance increases internationally, making diseases harder to cure and ultimately to mortality, antibiotics are becoming less and less effective. According to the WHO priority pathogen list, new antibiotics are urgently needed, for instance, to treat carbapenem-resistant gram-negative bacterial infections. Unfortunately, these novel medicines will experience the same destiny as the present antibiotics and become useless if people do not modify the way antibiotics are used currently.
Opportunity: Growth opportunities in emerging market
Emerging countries such as APAC, India, China and Japan present significant opportunities for players operating in the Antimicrobial susceptibility testing market. The demand for Antimicrobial susceptibility testing market in these countries is increasing owing to rapid growth in medical tourism, the growing adult (aged 20 and above) population, increasing drug abuse. These countries are also home to a strong and qualified workforce and have a great knowledge of advance technologies. Furthermore, these countries have lenient policies for imports/exports and are underpenetrated in most aspects, which could help companies in brand development. Increasing developing technicians and the keen to know about new technologies is helping the regions to grow and update their technologies.
Challenge: Complex Regulatory Frameworks
The time gap between defining clinical breakpoints, approving novel antimicrobial drugs, and putting these medicines on the market is one of the biggest problems with antimicrobial susceptibility testing. When pharmaceutical companies submit unapproved new medication applications, the FDA determines certain cutoff criteria. Adoption of antimicrobial susceptibility products is further constrained by the lack of clinical breakpoints for certain medications. For example, there are no clinical cutoffs available to determine antifungal treatment efficacy in invasive non-Aspergillus mold infections.
Restraint: High Cost of automated Laboratory Instruments
Automated antimicrobial laboratory equipment has top-of-the-line features and functions, and it costs a lot of money. The incubation and detection times are shortened by the use of automated AST systems. The high cost of maintenance for these devices, which are well-equipped with cutting-edge software that requires routine upkeep, is another hurdle to this industry.
By product type, the automated laboratory instruments segment accounted for the largest share of the antimicrobial susceptibility testing industry during the forecast period.
In 2022, automated laboratory instruments accounted for the largest share of in the antimicrobial susceptibility testing market. This segment is projected to reach USD 1.5 billion by 2027 from USD 1.7 billion in 2022, at a CAGR of 6.9% during the forecast period.
By End User, Hospitals and diagnostic center segment of antimicrobial susceptibility testing industry is expected to grow at the fastest rate during the forecast period.
In 2022, hospitals and diagnostic centers holds a larger share In the antimicrobial susceptibility testing market with a share of 63.5%. This end-user segment is projected to reach USD 2.9 billion by 2027 from USD 2.2 billion in 2022, at a CAGR of 5.7% during the forecast period. This end-user segment is also expected to grow at the highest CAGR of 5.7% during the forecast period.
North America is expected to be the largest market of the antimicrobial susceptibility testing industry during the forecast period.
The highest portion of the global antimicrobial susceptibility testing market—35.4%—is accounted for by North America. US and Canada make up North America. The high frequency of illnesses for which pre-tests are required, the growing elderly population, and the appearance of novel bacterial, fungal, and viral strains in North America are the reasons why North America has the biggest proportion. Due to rising drug addiction, misuse, and non-compliance, the APAC area is developing at the highest CAGR of 6.7%.
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As of 2021, prominent players in the market are include bioMérieux SA (France), Becton, Dickinson, and Company (US), Thermo Fisher Scientific (US), Danaher Corporation (US), Bio-Rad Laboratories, Inc. (US) among others.
Scope of the Antimicrobial Susceptibility Testing Industry
Report Metric |
Details |
Market Revenue Size in 2022 |
$3.6 billion |
Projected Revenue Size by 2027 |
$4.7 billion |
Industry Growth Rate |
Poised to Grow at a CAGR of 5.5% |
Market Driver |
Emergence of multidrug resistance due to drug abuse |
Market Opportunity |
Growth opportunities in emerging market |
This report has segmented the Antimicrobial susceptibility testing market to forecast revenue and analyze trends in each of the following submarkets:
By Product
-
Manual Antimicrobial Susceptibility Testing Product
- Susceptibility Testing Disks
- Mic Strips
- Susceptibility Plates
- Automated Laboratory Instruments
- Culture and Growth Media
- Consumables
By Type
- Antibacterial susceptibility testing
- Antifungal susceptibility testing
- Antiparasitic susceptibility testing
- Other susceptibility testing
By Method
- Etest Method
- Disk Diffusion
- Automated Susceptibility testing instruments
- Agar Diffusion
- Genotyping method
By Application
- Clinical Diagnostics
- Drug Discovery and development
- Epidemiology
- Other applications
By End User
- Hospitals and Diagnostic centers
- Pharmaceutical and Biotechnology Companies
- Research &Academic Institutes
- Clinical Research Organizations
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Recent Developments of Antimicrobial Susceptibility Testing Industry
- In Jan,2023 bioMerieux launched a automated instrument named MAESTRIA
- In Aug,2022 BD India launched the BD MAX MDR-TB panel.
- In May ,2022 Thermofisher scientific introduced automated antimicrobial susceptibility products.
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the global antimicrobial susceptibility testing market?
The global antimicrobial susceptibility testing market boasts a total revenue value of $4.7 billion by 2027.
What is the estimated growth rate (CAGR) of the global antimicrobial susceptibility testing market?
The global antimicrobial susceptibility testing market has an estimated compound annual growth rate (CAGR) of 5.5% and a revenue size in the region of $3.6 billion in 2022.
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This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Secondary Research
The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the microcatheter market. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in the medical aesthetic market. The primary sources from the demand side include medical OEMs, Oncologists, CDMOs and service providers, among others. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends & key market dynamics.
A breakdown of the primary respondents is provided below:
*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
Note: Companies are classified into tiers based on their total revenue. As of 2021, Tier 1 = >USD 1,000 million, Tier 2 = USD 500–1,000 million, and Tier 3 = <USD 500 million.
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Market Estimation Methodology
In this report, the antimicrobial susceptibility testing market size was arrived at by using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the medical aesthetic business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key marketing executives.
To calculate the global market value, segmental revenues were calculated based on the revenue mapping of major solution/service providers. This process involved the following steps:
- Generating a list of major global players operating in the microcatheter market.
- Mapping annual revenues generated by major global players from the product segment (or nearest reported business unit/product category)
- Revenue mapping of major players to cover major share of the global market share, as of 2021
- Extrapolating the global value of the automated antimicrobial susceptibility testing market
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Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the Antimicrobial susceptibility testing marketwas split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the antimicrobial susceptibility testing market was validated using both top-down and bottom-up approaches.
Objectives of the Study
- To define, describe, and forecast the Antimicrobial susceptibility testing market on the basis of product, type, method, applications ,end user, and region .
- To provide detailed information regarding the major factors influencing the growth potential of the Antimicrobial susceptibility testing market(drivers, restraints, opportunities, challenges, and trends)
- To analyze the micromarkets with respect to individual growth trends, future prospects, and contributions to the Antimicrobial susceptibility testing market
- To analyze key growth opportunities in the Antimicrobial susceptibility testing market for key stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments and/or subsegments with respect to five major regions, namely, North America (US and Canada), Europe (Germany, France, the UK, Italy, Spain, and the RoE), Asia Pacific (Japan, China, India, Thailand, Indonesia and the RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), and the Middle East & Africa
- To profile the key players in the Antimicrobial susceptibility testing marketand comprehensively analyze their market shares and core competencies
- To track and analyze the competitive developments undertaken in the automated antimicrobial susceptibility testing market, such as product launches; agreements; expansions; and mergers & acquisitions
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the present global microcatheter report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of the top five companies
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Geographic Analysis
- Further breakdown of the Rest of Europe Antimicrobial susceptibility testing market into Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal among other
- Further breakdown of the Rest of the Asia Pacific Antimicrobial susceptibility testing market into Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
- Further breakdown of the Latin American Antimicrobial susceptibility testing market into Colombia, Chile, Argentina, and Peru, among other
Growth opportunities and latent adjacency in Antimicrobial Susceptibility Testing Market