Antibiotic Susceptibility Testing Market Revenue, Worth, Size, Segment by Type, Application, Key Companies | FMI

 A recently published research intelligence on the global antibiotic susceptibility testing market size by Future Market Insights tracks the top five influencers pushing demand and revenue growth of the market at a global level.

  • Infectious diseases, prevailing at a high pace
  • Increasing rate and tenure of hospitalization
  • Growing significance of early diagnostics
  • Soaring research interests in microbial susceptibility testing
  • Improving funding scenario for research, driven by governments & private bodies
  • Antibiotic Susceptibility Testing Market is expected to reach a valuation of US$ 4.05 Bn by 2028, expanding at a CAGR of 5.2%

Growing use of antibiotics in treating even the most common health conditions remains a strong factor boosting demand for antibiotic susceptibility testing (AST).

Increasing government funds for microbial and antibiotic susceptibility testing research and consistently improving outcome of PPPs in terms of enhanced screening and evaluation of antibiotics are playing a pivotal role in strengthening the performance of antibiotic susceptibility testing market.

CDC’s ‘AMR Challenge’ involving bioMérieux is a recently announced as objective to accelerate research efforts in the field of microbial resistance.

Research in Screening of High Pathogen Concentration Samples to Propel Demand for AST

The process of spotting a specific set of genes responsible for antibiotic resistance is highly complicated when it comes to handling the complexities associated with samples that have high concentration of pathogens.

Some of the highly desirable antibiotic susceptibility testing systems that allow direct-from-sample pathogen identification through high pathogen concentration samples, are thus likely to gain high traction in coming years.

Growing research efforts in the recognition of the presence of a specific set of antibiotic resistant genes can direct efforts for identification and selection of narrow-spectrum antibiotics, which remains among the most prominent factors pushing installed base of such antibiotic susceptibility testing equipment.

A few recent launches in this segment include Genmark Diagnostics’ ePLEX Blood Culture ID Panel, Biomerieux’s BioFire FilmArray, and Luminex Corp.’s Verigene Bloodstream Infection Panel.

The report also sheds light on the increasing role of Ecommerce in the market by boosting the availability of antibiotic susceptibility testing systems. Offering improved access to susceptibility testing devices by industry’s leading brands, online retail operators have been attracting prominent vendors in the global antibiotic susceptibility testing market.

A number of vendors dealing in antibiotic susceptibility testing equipment are opting for devices that are available online owing to the significantly reduced costs and additional discounts on price.

Entry of Technologically Advanced AST Systems to Favor Market Growth

As indicated by research, the sales of antibiotic susceptibility testing equipment will witness healthy growth owing to increasing demand for specific susceptibility testing systems to define the scope of targeted therapy.

Targeting key pathogens is imperative to design a highly specific plan of treatment for a particular patient, and antibiotic susceptibility testing systems efficiently allow researchers to achieve it within a significantly short timeline.

With FDA approving a considerable number of antibiotic and microbial susceptibility testing equipment, especially in the recent past, FMI forecasts an impressive installed base for antibiotic susceptibility testing systems in coming years.

Advanced technology enabled antibiotic susceptibility testing equipment allows early diagnosis that in turn improves chances of developing targeted therapy earlier. One such recent advancement enjoying visibly growing traction in market includes oCelloScope.

This antibiotic susceptibility testing equipment by BioSense Solutions is an optical susceptibility screening system with the capability to deliver real-time, time-lapse imaging of multiple microbial combinations, simultaneously.

Recently, Thermo Fisher Scientific, Inc. and Becton, Dickinson and Company received FDA approvals for their new launches in antibiotic susceptibility testing space. Moreover, FDA passed an approval to a susceptibility testing device by bioMérieux that has an expanded capability to identify a particular pathogen.

Market segmentation

Antibiotic Susceptibility Testing Market by Product:

  • Instruments
    • Automated Broth Microdilution Systems
    • Manual Broth Microdilution Systems
    • Semi-automated Broth Microdilution Systems
  • Software & Services
    • Image & Analysis Software
    • Installation Services
  • Kits & Reagents

Antibiotic Susceptibility Testing Market by Application:

  • Sepsis
  • Respiratory Infections
  • Gastrointestinal Infections
  • Meningitis & Encephalitis
  • Endocarditis
  • Others

Antibiotic Susceptibility Testing Market by End User:

  • Diagnostic Laboratories
  • Hospitals
  • Research Laboratories

Antibiotic Susceptibility Testing Market by Region:

  • North America Antibiotic Susceptibility Testing Market
  • Latin America Antibiotic Susceptibility Testing Market
  • Europe Antibiotic Susceptibility Testing Market
  • East Asia Antibiotic Susceptibility Testing Market
  • South Asia & Pacific Antibiotic Susceptibility Testing Market
  • Middle East & Africa (MEA) Antibiotic Susceptibility Testing Market

Comments

Post a Comment

Popular posts from this blog

Laboratory Information Systems (LIS) Market Segmentation Application, Technology & Analysis Research Report To 2032

  Global  laboratory information system (LIS) market size   revenues are set to grow at 10.2% CAGR through 2030, according to an updated edition by Future Market Insights (FMI). The 2022-2030 version of the report builds upon the widely cited previous version, and incorporates the latest developments, notably, the impact of COVID-19 pandemic on this market. Massive technical improvements in the healthcare sector over time have included automation, big data analytics, and cloud computing. The necessity to balance administrative and caring activities is the most crucial factor in the sector. Thanks to the development of sophisticated laboratory testing technologies, this is now achievable. The cornerstone of managing primary healthcare is laboratories. Drug development and the creation of APIs take place in laboratories. It is necessary to streamline repetitive tasks like data collection, assimilation, and record maintenance in order to increase the speed at which these processes are eff
Read more

Automotive AC Compressor Market : Industry Future Set To Massive Growth With High CAGR Value By 2032

  The sales of   automotive ac compressor market share   is estimated to grow at an average CAGR of 3.9% over the forecast period. The automotive AC compressor market size is projected to reach US$ 9,342.1 Mn in 2022, and is estimated to reach US$ 13,696.2 Mn in 2032. Growing economic values in emerging countries, as well as rising purchasing power, are predicted to boost the rise of car ownership, hence driving the automotive AC compressor market share. However, high startup and instalment costs, as well as maintenance concerns, are anticipated to limit the sales of vehicle AC compressors. On the other hand, technological advancements and the introduction of new products are projected to drive the growth of the automotive AC compressor market size. The increasing use of air conditioning in passenger vehicles in developing countries are likely to drive demand for automotive AC compressors during the forecast period. Furthermore, as environmental regulations tighten, vehicle makers are
Read more

Dermatology Device Market Value With Status And Global Analysis | Future Plans And CAGR Forecast By 2032

  The global   dermatology devices market growth   was valued at US$ 4.6 billion in 2021 and is expected to grow at a CAGR of 6.5% to US$ 9.3 billion by the end of 2032. Dermatology devices market is a billion dollars market accounting for a substantial proportion of healthcare expenditure globally. Future Market Insights offers a 10-year forecast for the global dermatology devices market and provides insights on the drivers, restraints, opportunities, and trends likely to govern the global dermatology devices market during the forecast period. Factors such as rising prevalence of skin problems including acne leading to scars, increasing obesity, and growing aesthetic awareness among people are likely to contribute to the revenue growth of the global dermatology devices market over the forecast period. Economic factors such as growing healthcare expenditure, increasing disposable income per capita, and rising government support in developed economies are expected to boost the growth of
Read more