Vancouver, British Columbia, March 09, 2021 (GLOBE NEWSWIRE) -- The global antimicrobial susceptibility testing market is projected to be worth USD 4,587.1 Million by 2027, according to a current analysis by Emergen Research. The antimicrobial susceptibility testing/ antibiotic susceptibility testing market is observing high demand attributed to the growing resistance of microbes to drugs. Antimicrobial susceptibility testing/ antibiotic sensitivity testing is frequently done to ascertain the most appropriate bacterial infection treatment or determine the drug resistance of a specific bacterium strain. Antibiotic susceptibility testing, deployed to ascertain the candidate antibiotics' effectiveness during the process of drug discovery and development, have led to increasing demand for rapid test kits for antibiotic susceptibility. For instance, bacteria release ATP (Adenosine triphosphate) during the growth in the presence of a suitable antibiotic. A susceptibility test comprises stimulating bacteria using an antibiotic and ascertaining if the bacteria can thrive in the antibiotic environment.
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Key Highlights From The Report
- In February 2020, Becton, Dickinson, and Company made an announcement about the receiving of USD 6.0 million agreement with the Fleming Fund, a program by the Department of Healthcare and Social Care in the UK that aids low and middle-income nations worldwide to tackle antimicrobial resistance.
- A molecule drug candidate cost to reach the market is presently projected at USD 2.50 billion, whereas the time to launch the drug to market is about ten years.
- Antifungal susceptibility tests are crucial tools to conduct fungal disease treatment, understand the epidemiology of the local and worldwide disease, and recognize drug resistance to antifungals.
- The antibiotic susceptibility testing/ antibiotic sensitivity testing market in the Asia-Pacific region is likely to grow at the fastest rate in the forecast period due to the growing incidence of infectious diseases, particularly in China and India, growing awareness in people about their healthy well-being, and rising deployment of over-the-counter antibiotics.
- Key participants in the antibiotic susceptibility testing/ antibiotic sensitivity testing market include Danaher Corporation, Merck KGaA, HiMedia Laboratories, Bruker Corporation, BioMerieux SA, Bio-Rad Laboratories, Precise Automation, Roche Diagnostics, Accelerate Diagnostics Inc., and Becton, Dickinson, and Company, among others.
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Emergen Research has segmented the global antimicrobial susceptibility testing/ antibiotic sensitivity testing/ antibiotic susceptibility testing market on the basis of Component, Type, Application, Method, End-Users, and region:
- Component Outlook (Revenue, USD Billion; 2017-2027)
- Manual Antimicrobial Susceptibility Testing Products
- Automated Laboratory Instruments
- Culture & Growth Media
- Consumables
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Antibacterial Susceptibility/Sensitivity Testing
- Antiparasitic Susceptibility/Sensitivity Testing
- Antifungal Susceptibility/Sensitivity Testing
- Others
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Drug Discovery & Development
- Clinical Diagnostics
- Epidemiology
- Others
- Method Outlook (Revenue, USD Billion; 2017-2027)
- Disk Diffusion
- Etest Method
- Automated Susceptibility Testing Instruments
- Genotyping Method
- Agar Dilution
- End-Users Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Pharmaceutical Companies
- Diagnostic Centers
- Clinical Research Organizations
- Research Institutes
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- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- US.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- North America
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