Demand for Antimicrobial Susceptibility Tests to Increase as Application in Biotechnological Sector Grows
In a recent market study, Fact.MR divulges compelling insights into the global antimicrobial susceptibility test market, covering crucial aspects such as trends, drivers, opportunities, and threats prevailing in the market. The report also highlights recent developments in the segments of the market, in terms of product type, methods, test type, applications, and end users across seven regions.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global antimicrobial susceptibility test market is expected to expand at a remarkable pace over the forecast period, finds Fact.MR. Increasing adoption of personalized medication is boosting the sales, thereby augmenting the growth in the market.
Rising incidence of infectious diseases is boosting sales of antimicrobial drugs. However, due to mounting cases of drug abuse during the animal breeding process, drug resistance in individuals across various countries is increasing. This is underpinning the need for accurate antimicrobial susceptibility tests.
Increasing consumption of drugs to control microbial infections is also leading to drug wastage, causing economic losses in the livestock industry. In addition to this, delay in diagnosing harmful bacteria makes the containment of such diseases even more difficult.
Fast techniques are already available in the market for identifying bacteria. However, these drug susceptibility testing methods still rely on traditional models, in which the turnaround time ranges from 24 to 48 hours. In response to this, manufacturers are investing in research and development to develop test kits with optimal accuracy and shorter turnaround time, thereby fueling the market.
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Further, increasing government investments in the development of hospital infrastructures worldwide is expected to complement demand in diagnostic laboratories and hospitals. In addition to this, sales in the pharmaceutical and biotechnology sectors for drug research and development will continue gaining momentum in the forthcoming years.
“Increasing adoption of online sales channels for medical equipment retailing is expected to fuel the growth in the market over the forecast period. Besides this, ongoing collaborations between market players and clinical research institutes for drug development will continue to push the sales through 2025,” says a Fact.MR analyst.
- Based on product type, sales of kits, reagents, and consumables are projected to remain high over the forecast period.
- In terms of methods, the rapid automated method segment is expected to remain dominant through 2025.
- Demand for antibacterial test type is anticipated to gain traction at a steady pace over the assessment period.
- Based on applications, sales in the clinical diagnosis segment will gain traction due to growing prevalence of infectious diseases.
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