The Global Antimicrobial Susceptibility Testing Market size is forecast to attain a value of USD 4,587.1 Million by 2027 at a CAGR of 5.1%, according to a recent analysis by Emergen Research. The antimicrobial susceptibility testing has a variety of applications in drug discovery & development, clinical diagnostics, and epidemiology. Factors such as the growing resistance of microbes to different drugs, growing prevalence of infectious diseases, and developments in rapid antimicrobial susceptibility testing drive the market growth.
The Antimicrobial Susceptibility Testing market report is an investigative study encompassing industry insights along with crucial market data such as facts and figures, technological and product advancements, and analysis of key segments. The important data is gathered through rigorous primary and secondary research and the information is further validated and verified by industry experts and professionals. The report offers a panoramic view of the industry with a special focus on global and regional segments.
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The sudden outbreak of the COVID-19 has raised cognizance of the worldwide burden of infectious disease and about the readiness of public health systems to combat the spread of such diseases. Increased funding by the governments on public health and welfare will lead to significant growth of the market during the forecast period. In February 2020, Becton, Dickinson, and Company announced the receiving of USD 6.0 million agreement with the Fleming Fund, a program by the Department of Healthcare and Social Care in the U.K. that aids low- and middle-income nations worldwide to tackle antimicrobial resistance.
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North America accounted for the largest market share of 38.3% of the antimicrobial susceptibility testing market in 2019, which is expected to grow further during the forecast period. The huge development of the market is predicted mainly owing to the highly developed technology, heavy investments, growing occurrences of drug-resistant diseases, supportive government policies, and many other such factors in this region which supports the market growth.
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Key Features of the Report:
- Holistic view of the Antimicrobial Susceptibility Testing market and key segments
- Examination and identification of the growth prospects, market drivers and trends, and potential opportunities
- Assessment and analysis of the micro and macro-economic factors
- Competitive landscape benchmarking
- Extensive regional analysis
- Product types and application spectrum segmentation and analysis
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