Global Antimicrobial Susceptibility Testing Market to Reach $3.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Antimicrobial Susceptibility Testing estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at a CAGR of 3.6% over the analysis period 2020-2027. Manual Antimicrobial Susceptibility Testing Products, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automated Laboratory Instruments segment is readjusted to a revised 2.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $777.7 Million, While China is Forecast to Grow at 6.4% CAGR
The Antimicrobial Susceptibility Testing market in the U.S. is estimated at US$777.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$768.1 Million by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Culture & Growth Media Segment to Record 3.7% CAGR
In the global Culture & Growth Media segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$475.7 Million in the year 2020 will reach a projected size of US$592.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$517 Million by the year 2027, while Latin America will expand at a 4.6% CAGR through the analysis period.
Select Competitors (Total 41 Featured):
Amid the COVID-19 crisis, the global market for Antimicrobial Susceptibility Testing estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at a CAGR of 3.6% over the analysis period 2020-2027. Manual Antimicrobial Susceptibility Testing Products, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automated Laboratory Instruments segment is readjusted to a revised 2.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $777.7 Million, While China is Forecast to Grow at 6.4% CAGR
The Antimicrobial Susceptibility Testing market in the U.S. is estimated at US$777.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$768.1 Million by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Culture & Growth Media Segment to Record 3.7% CAGR
In the global Culture & Growth Media segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$475.7 Million in the year 2020 will reach a projected size of US$592.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$517 Million by the year 2027, while Latin America will expand at a 4.6% CAGR through the analysis period.
Select Competitors (Total 41 Featured):
- Accelerate Diagnostics, Inc.
- Alifax SpA
- Becton, Dickinson and Company
- Bioanalyse Tibbi Malz. San. ve Tic. Ltd. Sti.
- bioMerieux SA
- Bio-Rad Laboratories, Inc.
- Creative Diagnostics
- HiMedia Laboratories
- Liofilchem S.r.l.
- Merck KGaA
- Merlin Diagnostica GmbH
- Synbiosis
- Thermo Fisher Scientific, Inc.
- Zhuhai Dl Biotech Co., Ltd.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Antimicrobial Resistance
- Antimicrobial Susceptibility Testing (AST): An Introduction
- The Procedures
- Clinical Significance
- Select Rapid Diagnostic Platforms
- Fluorescence and Luminescence Based Detection
- Real Time Microscopy
- Spectroscopy Based Detection
- Electrochemical Detection
- Loop-Mediated Isothermal Amplification
- Antimicrobial Susceptibility Testing Standards
- Antimicrobial Susceptibility Testing: Industry Overview
- Antibacterial Testing: The Most Dominant Segment
- USA: A Key Region with Lucrative Outlook
- Impact of Covid-19 and a Looming Global Recession
- Rise in Multidrug Resistance Driving the Antimicrobial Susceptibility Testing Market
- Select Drivers and Restraints in the Antimicrobial Susceptibility Test Market
- AST Technologies Helping Accelerate Targeted Antimicrobial Therapy
- New Antibiotics and Smart Antibiogram
- Antimicrobial Susceptibility Testing Plays Key Role in Medical Decision Making
- Laser Speckles based Non Invasive Rapid Method Evaluates Bacterial Growth Movements in Real Time
- The Need for Accelerating Antimicrobial Susceptibility Testing
- With Single Cell Imaging, Antibiotic Susceptibility Testing Result Possible in 30 Minutes
- Light Scattering Technology for Susceptibility Testing Gives Results in 3 Hours
- Technologies for Atypically Use Bacterial Growth Determining the Effect of Antibiotics
- Manual Systems in Clinical Microbiology
- Automated Systems
- Emerging and Futuristic Technologies
- Challenges in the Area of Antimicrobial Susceptibility Testing
IV. COMPETITION
- Total Companies Profiled: 41
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