Advances in Antimicrobial Susceptibility Test Market Help Healthcare Providers Decide Effective Regimen for Control and Prevention of Infectious Diseases: TMR
ALBANY, N.Y., Nov. 10, 2020 /PRNewswire/ -- The choice of proper treatment regimen for managing wide spectrum of infectious diseases becomes more important than ever due to growing burden of these diseases on healthcare systems. Adoption of antimicrobial susceptibility tests (ASTs) has helped researchers decide which pathogens are immune to antimicrobial regimen in specific patient populations. Mounting concern of antibiotic resistance due to antibacterial-resistance strains of pathogens propels the need for new array of antimicrobial agents.
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A growing body of studies, supported by public funding and private investments, in the antimicrobial susceptibility test market have helped researchers discover new targets for antibacterial drugs.
Overall market was pegged at US$ 2,770.9 Mn in 2018. Researchers at TMR project the opportunities to clock a CAGR of 4.9% from 2019 to 2027.
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Key Findings of Antimicrobial Susceptibility Test Market Report
-- The antimicrobial susceptibility test market is expected to reach
valuation of US$ 4,224.92 Mn by 2027
-- Rise of antibacterial resistance in medical industry a key driver for
growth
-- Lack of promising return of investments for developers of new
antibacterial drugs a key impediment to growth
-- The competitive landscape is characterized by a high degree of
fragmentation
-- North America led the global antimicrobial susceptibility test market in
2018
-- The aforementioned regional market likely to retain its dominance
throughout the forecast period
-- Asia Pacific a promising regional market and is expected to garner high
CAGR during 2019 - 2027
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Antimicrobial Susceptibility Test Market: Key Driving Factors and Promising Avenues
-- The rising concern of rise in antibiotic resistance in patients across
the world is a key underpinning to the need for making advances in the
antimicrobial susceptibility test market. Especially, the emergence of
resistant bacteria is a telling concern even in developed nations where
antibiotics are regulated.
-- Incorrectly prescribed antibiotics and the easy availability of these
over-the-counter are key factors that has led to antibiotic resistance a
glaring concern. This has created a significant gap in the availability
of effective antibacterial regimen in patients. This has boosted the
adoption of AST procedures.
-- Need for instituting suitable treatment regimen in hospital setting is a
key driver for the expansion in the antimicrobial susceptibility test
market.
-- The overuse and misuse of antibiotics leading to antimicrobial
susceptibility test to identify new drug targets.
-- The low return on investment is a key aspect that has made investment in
development of broad spectrum of antibacterial agents lucrative.
-- Rise in prevalence of infectious diseases world over is a key driver for
growth in the antimicrobial susceptibility test market. In particular,
South East Asia has a marked prevalence of infections due to antibiotic
resistance is very high
-- Constant mutations in bacterial DNA has also been expanding the avenue
for investments in the market.
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Antimicrobial Susceptibility Test Market: Competitive Assessment
The antimicrobial susceptibility test market is increasingly fragmented, where several national and international players throng the market. Key strategies adopted by players include aiming for frequent regulatory approvals, launching technologically advanced products, and making strategic acquisition and collaborative agreements.
Some of the key players in the antimicrobial susceptibility test market are Biotron Healthcare, Alifax Holding S.p.A., HiMedia Laboratories, Creative Diagnostics, Conda, Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., and Bio-Rad Laboratories, Inc.
Antimicrobial Susceptibility Test Market: Regional Landscape
Geographically, North America has been potentially lucrative region for players. The regional market held the major share in the global market. Rise in incidence of infectious diseases in the U.S. and Canada. Asia Pacific is expected to an emerging market. Demand for advanced management of microbial infections in all healthcare settings has spurred the growth of this regional market.
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The global Antimicrobial Susceptibility Test market has been segmented as follows:
-- Global Antimicrobial Susceptibility Test Market, by Product
-- Kits, Reagents & Consumables
-- Culture Media
-- Automated Test System
-- Global Antimicrobial Susceptibility Test Market, by Method
-- Broth Dilution Method
-- Rapid Automated Method
-- Disk Diffusion Method
-- Gradient Diffusion Method
-- Molecular Testing Method
-- Global Antimicrobial Susceptibility Test Market, by Test Type
-- Antibacterial
-- Antifungal
-- Antiparasitic
-- Others
-- Global Antimicrobial Susceptibility Test Market, by Application
-- Clinical Diagnosis
-- Drug Discovery and Development
-- Others
-- Global Antimicrobial Susceptibility Test Market, by End-user
-- Diagnostic Laboratories and Hospitals
-- Pharmaceutical and Biotechnology Companies
-- Research and Academic Institutes
-- Contract Research Organizations
-- Global Antimicrobial Susceptibility Test Market, by Region
-- North America
-- U.S.
-- Canada
-- Europe
-- Germany
-- U.K.
-- France
-- Italy
-- Spain
-- Rest of Europe
-- Asia Pacific
-- China
-- India
-- Japan
-- Australia & New Zealand
-- Rest of Asia Pacific
-- Latin America
-- Brazil
-- Mexico
-- Rest of Latin America
-- Middle East & Africa
-- GCC Countries
-- South Africa
-- Rest of Middle East & Africa
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