Antimicrobial Susceptibility Testing Market: Market Segments: By Product (Manual, Automated Laboratory Instruments, Culture and Growth Media and Consumables); By Type (Antibacterial, Antifungal, Antiparasitic and Others); By Application (Diagnostics, Drug Discovery and Development, Epidemiology and Others); By End User (Hospitals and Diagnostic Centers, Pharmaceutical and Biotechnology Companies, Research &Academic Institutes and Clinical Research Organizations); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Antimicrobial susceptibility testing is a technique used to assess whether an antibiotic is susceptible to a single organism or group of organisms. The most frequently used research methods for the analysis of antimicrobial susceptibility are broth microdilution or rapid automated instrument methods. Such approaches are used and sold commercially with materials and equipment.
Market Highlights
Antimicrobial Susceptibility Testing Market is expected to project a notable CAGR of 6.25% in 2030.
Antimicrobial Susceptibility Testing Market to surpass USD 5.8 Billion by 2030 from USD 2.8 Billion in 2019 in terms of value growing at a CAGR of 6.25% throughout the forecast period, i.e., 2020-30. Factors such as growing global infectious disease incidences, increased funding and government initiatives, the emergence of multidrug resistance, and technological developments in the production of rapid AST techniques are expected to drive the growth of the global market for antimicrobial susceptibility testing in the coming years.
Antimicrobial Susceptibility Testing Market: Segments
Automated laboratory instruments segment to grow with the highest CAGR during 2020-30
Antimicrobial Susceptibility Testing Market is segmented by product as automated laboratory instruments, manual antimicrobial susceptibility testing products, culture and growth media, and consumables. Susceptibility testing discs, MIC strips, and susceptibility testing plates are used in manual antimicrobial susceptibility testing items.
Antimicrobial Susceptibility Testing Market: Market Dynamics
Drivers
Rising Use of Antimicrobial Susceptibility
Recent times have seen a marked change to personalized drugs, which is growing the market for goods to screen for antimicrobial susceptibility. Rising government policies are expected to complement the demand for antimicrobial susceptibility tests in diagnostic laboratories and hospitals in terms of improving quality healthcare infrastructure at a global level and increasing susceptibility to infectious diseases.
Restrain
Stringent Government Regulatory Policies
Strict government regulatory policies and the difficulties associated with testing for antimicrobial susceptibility are expected to hamper market growth over the forecast period. Automated research instruments for antimicrobial susceptibility are fitted with highly advanced features and functionalities and priced at premium rates.
Antimicrobial Susceptibility Testing Market: Key Players
• Accelerate Diagnostics Inc
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis
• ALIFAX Srl
• Becton, Dickinson and Co.
• bioMérieux SA
• Bio-Rad Laboratories Inc.
• Bruker Corp.
• Danaher Corp.
• Merck KGaA
• Scientific Digital Imaging Plc
• Thermo Fisher Scientific Inc
Antimicrobial Susceptibility Testing Market: Regions
Antimicrobial Susceptibility Testing Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Antimicrobial Susceptibility Testing Market in North America led the market with a lion share of more than XX.X% in 2019 owing to the increasing R&D to develop novel automated AST systems, the growing prevalence of infectious diseases, safety issues and technical developments in products susceptible to antimicrobials. In addition, most of the world's leading corporations are headquartered in the area or have a strong presence in this market, and others have also concentrated on expanding to improve their scope and capabilities. This is another important factor attributed to the market's significant growth. In addition, well-established precision medicine awareness campaigns and the use of antimicrobial testing drives, beneficial government initiatives, and an increase in the number of research collaborations are some of the factors that are expected to fuel market growth.
Antimicrobial Susceptibility Testing Market report also contains analysis on:
Antimicrobial Susceptibility Testing Market Segments:
By Product:
• Manual Antimicrobial Susceptibility Testing Products
o Susceptibility Testing Disks
o MIC Strips
o Susceptibility Testing Plates
• Automated Laboratory Instruments
• Culture and Growth Media
• Consumables
By Type:
• Antibacterial Testing
• Antifungal Testing
• Antiparasitic Testing
• Others
By Application:
• Diagnostics
• Drug Discovery and Development
• Epidemiology
• Others
By End-user:
• Hospitals and Diagnostic Centers
• Pharmaceutical and Biotechnology Companies
• Research &Academic Institutes
• Clinical Research Organizations (CROs)
• Antimicrobial Susceptibility Testing Market Dynamics
• Antimicrobial Susceptibility Testing Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Antimicrobial Susceptibility Testing Market
· Which segment is anticipated to hold the largest market share
· At what CAGR is the market anticipated to grow between 2020 and 2030
· Who are the key players in the Antimicrobial Susceptibility Testing Market
· What could be the challenging factors in the growth of Antimicrobial Susceptibility Testing Market
· What are the growth drivers for the Antimicrobial Susceptibility Testing Market
Contents
1. Executive Summary
2. Antimicrobial Susceptibility Testing Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Antimicrobial Susceptibility Testing Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Antimicrobial Susceptibility Testing Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Antimicrobial Susceptibility Testing: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Product: Market Share (2020-2030F)
12.2.1. Manual Antimicrobial Susceptibility Testing Products, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Automated Laboratory Instruments, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Culture and Growth Media, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.4. Consumables, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Type: Market Share (2020-2030F)
12.3.1. Antibacterial Testing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Antifungal Testing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Antiparasitic Testing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.4. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4. By Application: Market Share (2020-2030F)
12.4.1. Diagnostics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Drug Discovery and Development, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Epidemiology, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.4. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5. By End User: Market Share (2020-2030F)
12.5.1. Hospitals and Diagnostic Centers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5.2. Pharmaceutical and Biotechnology Companies, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5.3. Research &Academic Institutes, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5.4. Clinical Research Organizations (CROs), By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Bio-Rad Laboratories, Inc
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. Alifax
13.3. Becton Dickinson, and Company
13.4. Creative Diagnostics
13.5. Resistell AG
13.6. Danaher Corporation
13.7. Thermo Fisher Scientific Inc
13.8. Merck KGaA
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
|
|
Influencing Factors |
|
|
Market Forecast (2021-2026) |
|
|
Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
|
|
Market Position of Top Company |
|
|
Qualitative Analysis |
|
|
Primary Sources
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 product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
|
|
Total Market |
|
|