Veterinary Antimicrobial Susceptibility Testing Market
Global Veterinary Antimicrobial Susceptibility Testing Market Research By Product Type (Disks and Plates, Culture Media, Accessories & Consumables and Automated AST Instruments), By Animal Type (Food-producing Animals and Companion Animals), and By End-User (Veterinary Reference Laboratories and Veterinary Research Institutes and Universities) Forecast 2021-2027 Update Available - Forecast 2024-2030
The global veterinary antimicrobial susceptibility testing market is growing at a considerable CAGR of 6.0% during the forecast period. Increasing demand associated with animal-derived products, rising expenditure on animal health are two of the prime factors affecting and driving the market. The increasing focus associated with pet insurance along with growing veterinary practitioners is also estimated to be the key factor that is contributing significantly towards the growth of the market. However, the rising cost of automated veterinary AST systems and the high cost related to pets are the major factor constraints that are hindering the growth of the global veterinary antimicrobial susceptibility testing market across the globe.
Moreover, a supportive government initiative for veterinary antimicrobial susceptibility testing in emerging economies is one of the key factors that are creating opportunities in the market. New product launches in the market are likely to drive the growth of the global veterinary antimicrobial susceptibility testing market. For instance, in July 2021, one of the vitro diagnostics companies named Accelerate Diagnostics, Inc. that is considered to be providing solutions for the challenges of antibiotic resistance and sepsis had introduced in the US a new IVD configuration of its Accelerate PhenoTest BC kit. Through the new configuration, the results related to antimicrobial susceptibility testing (AST) are provided fast in around 7 hours.
Impact of COVID-19 Pandemic on the Global Veterinary Antimicrobial Susceptibility Testing Market
The global veterinary antimicrobial susceptibility testing market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic had brought a lot of disruption across the globe. Due to the COVID-19 pandemic, the demand for antimicrobial susceptibility testing along with the need for related antimicrobial susceptibility testing products have decreased as a result of lockdown restrictions.
Segmental Outlook
The global veterinary antimicrobial susceptibility testing market is segmented based on product type, animal type, and end-user. Based on product type, the market is segmented into disks and plates, culture media, accessories & consumables, and automated AST instruments. By animal type, the market is segmented into food-producing animals (cattle, pigs, other) and companion animals (dogs, cats, other). Further, based on end-user the market is segmented into veterinary reference laboratories and veterinary research institutes, and universities.
Global Veterinary Antimicrobial Susceptibility Testing Market Share by Product 2020 (%)
Based on the product type, the Desks and plates hold a significant share in the market. The need and demand associated with the disk diffusion method for the antimicrobial susceptibility tests along with the rising pervasiveness of infectious diseases in food-producing and companion animals are some of the factors that are driving the growth of the segment in the market.
Regional Outlooks
The global veterinary antimicrobial susceptibility testing market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in the global veterinary antimicrobial susceptibility testing market. In North America, rising advancement in technology in veterinary reference laboratories is one of the prime factors driving the growth of the market in the region. Additionally, the increasing demand for insurance of pets along with the existence of a large number of players is some other factor that is providing support to the growth of the market in the region.
Global Veterinary Antimicrobial Susceptibility Testing Market, by Region 2021-2027
Asia-Pacific will have Considerable Growth in the Global Veterinary Antimicrobial Susceptibility Testing Market
Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing initiatives by government across the region is anticipated to be a driving factor for the growth of the regional market. Additionally, key market companies expanding their reach along with rising pet adoption, especially in South Korea, China, and India is also impacting the growth of the market. Additionally, increasing per capita expenditure in animal health is another factor that is also affecting the growth of the market.
Market Player Outlook
Key players of the global veterinary antimicrobial susceptibility testing market are bioMérieux SA, Thermo Fisher Scientific Inc., Bruker, Bio-Rad Laboratories, Inc., and Becton, Dickinson and Co. To survive in the market, these players adopt different marketing strategies such as product launches and mergers and acquisitions. For instance, in September 2020, Bruker had done the acquisition of one of the providers of high multiplex biomarker imaging for immunology, immuno-oncology, and cell therapy named Canopy Biosciences, LLC for the purpose of enhancing its portfolio in different techniques.
In March 2020, NEOGEN Corp. set forth that it had done the acquisition of Chile-based Magiar Chilena (Magiar) that is considered as a distributor of food, animal, and plant diagnostics, for the purpose of continuing its operations in Chile.
In June 2019, Synbiosis had introduced its new AutoCOL fully automated colony counting system that
consists of a simple to set up modern interface and software. Additionally, it also has an automated plate feeder and colony counter present in it. Through the supports of this joint system, it enables microbiologists to load plates and also count colonies on up to 100 plates within around 30 minutes. Additionally, it is considered to be effective in improving throughput along with accuracy in highly regulated laboratories.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global veterinary antimicrobial susceptibility testing market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Veterinary Antimicrobial Susceptibility Testing Industry
• Recovery Scenario of Global Veterinary Antimicrobial Susceptibility Testing Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Veterinary Antimicrobial Susceptibility Testing Market by Product Type
5.1.1. Disks and Plates
5.1.2. Culture Media
5.1.3. Accessories & Consumables
5.1.4. Automated AST Instruments
5.2. Global Veterinary Antimicrobial Susceptibility Testing Market by Animal Type
5.2.1. Food-producing Animals (Cattle, Pigs, Other)
5.2.2. Companion Animals (Dogs, Cats, Other)
5.3. Global Veterinary Antimicrobial Susceptibility Testing Market by End-User
5.3.1. Veterinary Reference Laboratories
5.3.2. Veterinary Research Institutes and Universities.
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Accelerate Diagnostics, Inc.
7.2. ACTTiVAte
7.3. Alifax S.r.l
7.4. Becton, Dickinson and Co.
7.5. Bioguard Corp.
7.6. bioMérieux SA
7.7. Bio-Rad Laboratories, Inc.
7.8. Bruker
7.9. CONDALAB
7.10. FASTinov
7.11. HiMedia Laboratories
7.12. Liofilchem S.r.l.
7.13. Mast Group Ltd.
7.14. MERLIN Diagnostika GmbH
7.15. NEOGEN Corp.
7.16. SSI Diagnostica A/S
7.17. Synbiosis
7.18. Thermo Fisher Scientific Inc.
1. GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS, 2020-2027 ($ MILLION)
2. GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET BY PRODUCT TYPE, 2020-2027 ($ MILLION)
3. GLOBAL DISKS AND PLATES MARKET BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL CULTURE MEDIA MARKET BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL ACCESSORIES & CONSUMABLES AUTOMATED AST INSTRUMENTS MARKET BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL AUTOMATED AST INSTRUMENTS MARKET BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET BY ANIMAL TYPE, 2020-2027 ($ MILLION)
8. GLOBAL FOOD-PRODUCING ANIMALS MARKET BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL COMPANION ANIMALS MARKET BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET BY END-USER, 2020-2027 ($ MILLION)
11. GLOBAL VETERINARY REFERENCE LABORATORY MARKET BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL VETERINARY RESEARCH INSTITUTES AND UNIVERSITIES MARKET BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
16. NORTH AMERICAN VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY ANIMAL TYPE, 2020-2027 ($ MILLION)
17. NORTH AMERICAN VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
18. EUROPEAN VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. EUROPEAN VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
20. EUROPEAN VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY ANIMAL TYPE, 2020-2027 ($ MILLION)
21. EUROPEAN VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY ANIMAL TYPE, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
26. REST OF THE WORLD VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
27. REST OF THE WORLD VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY ANIMAL TYPE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET SHARE BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET, 2021-2027 (%)
4. GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET SHARE BY PRODUCT TYPE, 2020 VS 2027 (%)
5. GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET SHARE BY ANIMAL TYPE, 2020 VS 2027 (%)
6. GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET SHARE BY END-USER, 2020 VS 2027 (%)
7. GLOBAL VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL DISKS AND PLATES MARKET BY REGION, 2020 VS 2027 (%)
9. GLOBAL CULTURE MEDIA MARKET BY REGION, 2020 VS 2027 (%)
10. GLOBAL ACCESSORIES & CONSUMABLES MARKET BY REGION, 2020 VS 2027 (%)
11. GLOBAL AUTOMATED AST INSTRUMENTS MARKET BY REGION, 2020 VS 2027 (%)
12. GLOBAL FOOD-PRODUCING ANIMALS MARKET BY REGION, 2020 VS 2027 (%)
13. GLOBAL COMPANION ANIMALS MARKET BY REGION, 2020 VS 2027 (%)
14. GLOBAL VETERINARY REFERENCE LABORATORY MARKET BY REGION, 2020 VS 2027 (%)
15. GLOBAL VETERINARY RESEARCH INSTITUTES AND UNIVERSITIES MARKET BY REGION, 2020 VS 2027 (%)
16. US VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET SIZE, 2020-2027 ($ MILLION)
17. CANADA VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET SIZE, 2020-2027 ($ MILLION)
18. UK VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET SIZE, 2020-2027 ($ MILLION)
19. FRANCE VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET SIZE, 2020-2027 ($ MILLION)
20. GERMANY VETERINARY ANTIMICROBIAL SUSCEPTIBILITY TESTING MARKET SIZE, 2020-2027 ($ MILLION)
