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Antimicrobial Susceptibility Testing Market Estimated to Reach US$3,525.75 Mn by 2022, with a CAGR of 6.4%

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sachin sadgir
Antimicrobial Susceptibility Testing Market Estimated to Reach US$3,525.75 Mn by 2022, with a CAGR of 6.4%

Market Overview:

The global Antimicrobial Susceptibility Testing market is expected to reach a value of US$3,525.75 Million In 2022, with a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2022-2030. Antimicrobial susceptibility testing is a vital tool in determining the appropriate antimicrobial therapy for patients with infectious diseases. It helps in identifying the susceptibility patterns of microorganisms and aids in the selection of antibiotics for effective treatment. The need for accurate and reliable susceptibility tests to combat the growing problem of antimicrobial resistance is driving market growth. Additionally, the rising prevalence of infectious diseases and the increasing demand for rapid diagnostic methods are further fueling market expansion.

Market Key Trends:

One key trend in the Antimicrobial Susceptibility Testing market is the growing adoption of automated systems. With the increasing demand for rapid and accurate results, automated systems have become crucial in antimicrobial susceptibility testing. These systems provide standardized and reproducible results, reducing the chances of errors and ensuring precise diagnosis. They also offer faster turnaround times and increased efficiency, making them highly valuable in clinical settings. Moreover, automated systems help in overcoming the limitations of manual testing methods, such as subjective interpretation and labor-intensive processes. As a result, the demand for automated systems is expected to rise significantly in the coming years, driving market growth.

Segment Analysis:

The Antimicrobial Susceptibility Testing market can be segmented based on product type, application, end-user, and region.

In terms of product type, the dominating segment in the Antimicrobial Susceptibility Testing Market  is the automated testing systems. This segment is expected to witness high growth due to the increasing adoption of automated systems in clinical laboratories and hospitals for accurate and reliable antimicrobial susceptibility testing. Automated testing systems offer faster results, higher throughput, and reduced human errors, which makes them highly preferable in healthcare settings.

Key Takeaways:

The global Antimicrobial Susceptibility Testing market is expected to witness high growth, exhibiting a CAGR of 6.4% over the forecast period (2022-2030). This growth can be attributed to the increasing prevalence of infectious diseases, the growing need for effective antimicrobial treatments, and the rising adoption of automated testing systems in clinical laboratories.

Regionally, North America is expected to be the fastest-growing and dominating region in the Antimicrobial Susceptibility Testing market. This can be attributed to the presence of well-established healthcare infrastructure, increasing investments in research and development activities, and the high prevalence of infectious diseases in the region. Additionally, the Asia Pacific region is also expected to witness significant growth in the market, driven by the increasing healthcare expenditure, growing awareness about antimicrobial resistance, and the rising demand for advanced testing methods.

Key players operating in the Antimicrobial Susceptibility Testing market include Thermo Fisher Scientific Inc., BIOMÉRIEUX, HiMedia Laboratories, Alifax S.r.l. Italy, Creative Diagnostics, Resistell AG, Danaher, Becton, Dickinson and Company, Merck KGaA, Bio-Rad Laboratories, Inc., Bruker, Nissui Pharmaceutical Co., Ltd., F. Hoffmann-La Roche Ltd., Synbiosis, Mast Group Ltd., ELITechGroup, Flinn Scientific, CONDALAB, Accelerate Diagnostics, Inc., and Zhuhai DL Biotech Co., Ltd. These key players are focusing on product launches, partnerships, and collaborations to strengthen their market presence and expand their product portfolio.

Read More : https://www.rapidwebwire.com/antimicrobial-susceptibility-testing-market-growing-healthcare-concerns-to-drive-market-growth/

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