Global Veterinary Antimicrobial Susceptibility Testing Market, By Product Type (Disks and Plates, Culture Media, Accessories and Consumables and Automated Antimicrobial Susceptibility Testing Instruments), Animal Type (Food-producing Animals and Companion Animals), End User (Veterinary Reference Laboratory, Veterinary Research Institutes and Universities and Other End Users), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Veterinary Antimicrobial Susceptibility Testing Market
Data Bridge Market Research analyses that the veterinary antimicrobial susceptibility testing market will exhibit a CAGR of around 41.18% for the forecast period of 2021-2028. Rising prevalence of zoonotic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies and growing threat of antimicrobial resistance due to the overuse of antibiotics are the major factors attributable to the growth of veterinary antimicrobial susceptibility testing market. Therefore, the veterinary antimicrobial susceptibility testing market value, which was USD 110.32 million in 2020, would rocket up to USD 136.77 million by 2028.
Veterinary antimicrobial susceptibility testing is a laboratory procedure that is used to examine which antimicrobial impedes the growth of bacteria, microorganisms and fungi. The results in turn help the veterinary to the kind and dosage of drugs that will prove to be effective in treating the animal infection.
Upsurge in the demand for animal-derived novel drugs and products is one of the major factors fostering the growth of the market. Growth in the livestock population coupled with growing innovations and advancements of technologies is another market growth determinant. Rising animal healthcare expenditure, growing number of veterinary practitioners and rising number of supportive pet insurance policies and plans are other important factors that will further generate lucrative market growth opportunities.
However, rising costs associated with pet and livestock care will derail the market growth rate. Also, high costs of automated veterinary antimicrobial susceptibility testing systems will further pose challenges for the market. Stringent regulations imposed by the government on the approval of new products and instruments will also hamper the market growth rate.
This veterinary antimicrobial susceptibility testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on veterinary antimicrobial susceptibility testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Veterinary Antimicrobial Susceptibility Testing Market Scope and Market Size
The veterinary antimicrobial susceptibility testing market is segmented on the basis of product type, animal type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the veterinary antimicrobial susceptibility testing market is segmented into disks and plates, culture media, accessories and consumables and automated antimicrobial susceptibility testing instruments.
- Based on animal type, the veterinary antimicrobial susceptibility testing market is segmented into food-producing animals and companion animals. Food-producing animals segment is sub-segmented into cattle, pigs, poultry and other food-producing animals. Companion animals segment is sub-segmented into dogs, cats, horses and other companion animals.
The end user segment of veterinary antimicrobial susceptibility testing market is segmented into veterinary reference laboratory, veterinary research institutes and universities and other end users.
Veterinary Antimicrobial Susceptibility Testing Market Country Level Analysis
The veterinary antimicrobial susceptibility testing market is analysed and market size insights and trends are provided by country, product type, animal type and end user as referenced above.
The countries covered in the veterinary antimicrobial susceptibility testing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the veterinary antimicrobial susceptibility testing market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increasing funding for research and development activities and highest demand for food producing and companion animals. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the growing number of people interested in undertaking veterinary education.
The country section of the veterinary antimicrobial susceptibility testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
The veterinary antimicrobial susceptibility testing market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for veterinary antimicrobial susceptibility testing market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the veterinary antimicrobial susceptibility testing market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Veterinary Antimicrobial Susceptibility Testing Market Share Analysis
The veterinary antimicrobial susceptibility testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to veterinary antimicrobial susceptibility testing market.
The major players covered in the veterinary antimicrobial susceptibility testing market report are BD, Synbiosis, Zhuhai DL Biotech Co., Ltd, Mast Group Ltd., HiMedia Laboratories, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Creative Diagnostics, Genefluidics, Inc., Rosco Diagnostica A/S, ERBA Group, Liofilchem S.r.l., Alifax S.r.l., MERLIN Gesellschaft für mikrobiologische Diagnostika mbH, bioMérieux SA, Merck KGaA, Danaher, Accelerate Diagnostics, Inc., NuMedii, Inc., and BacterioScan, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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