Antimicrobial Susceptibility Test Market Is Projected To Record Year-Over-Year Growth Of 6.5% By 2032
The study on the Global Antimicrobial Susceptibility Test Market Insights published by Fact.MR is a comprehensive analysis of the key factors that are likely to determine the growth of Antimicrobial Susceptibility Test Market Insights in the upcoming years. Further, the study dives deep to investigate the micro and macro-economic parameters that are expected to influence the global scenario of the Antimicrobial Susceptibility Test Market Insights during the forecast period (2021-2031).
The report examines the current trends, growth opportunities, restraints, and market drivers that are projected to influence the overall dynamics of the Antimicrobial Susceptibility Test Market Insights in the assessment period.
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Highlights of Antimicrobial Susceptibility Test Market Study
- Ease of sample processing through the use of advanced lab instruments and better turnaround time of samples are projected to create a large patient pool for diagnosis, which, in turn, will amplify the demand for antimicrobial susceptibility test kits during the forecast period.
- Online sales channels are emerging as an integral revenue stream for the antimicrobial susceptibility test market. These channels are being leveraged by key vendors to disseminate brand information and gain access to local markets.
- Initiatives taken by central health authorities are projected to draw consumers’ attention towards the importance of antibiotics. For instance, WHO observes a week in November as World Antibiotic Awareness Week (WAAW), to inspire the best clinical practices among health workers and policymakers in order to control antibiotic resistance.
- Introduction of advanced antimicrobial susceptibility tests, which offer results in around 2 hours, sets the standards for better patient outcomes. For instance, FASTinov announced the launch of a rapid antimicrobial susceptibility test, which is based on flow cytometry, to offer clinically-implementable results in as little as two hours. Such advancements are likely to inspire the development of effective test products.
A senior market research analyst at Fact.MR opines that– “An entry into the antimicrobial susceptibility test market is highly capital-intensive, as CAPEX includes the cost of sophisticated equipment and skilled labor. In addition, capital becomes an essential fuel to foster R&D activities, which could create an entry barrier for new players in the antimicrobial susceptibility test market.”
Antimicrobial Susceptibility Test Market – Assessment of Key Segments
Authors of the report have segmented the antimicrobial susceptibility test market into key categories in order to study the market at a microscopic level. The key segments considered while bifurcating the antimicrobial susceptibility test market include:
|Product||Kits, Reagents, & ConsumablesAutomated Test SystemsCulture Media|
|Method||Broth Dilution MethodRapid Automated MethodDisk Diffusion MethodGradient Diffusion MethodMolecular Testing Method|
|Application||Clinical DiagnosisDrug Discovery and DevelopmentOthers|
|End User||Diagnostic Laboratories and HospitalsResearch and Academic InstitutesPharmaceutical and Biotechnology CompaniesContract Research Organizations|
|Region||North AmericaLatin AmericaEuropeAsia PacificMiddle East & Africa|
Online Sales Channel – Winning Strategy
The online purchase of antimicrobial susceptibility test kits is projected to evolve as a significant trend during the forecast period of 2020-2025. This is encouraging numerous vendors to improve their online brand recognition value through effective marketing efforts and promotional strategies.
The emergence of these channels will also translate into reduced costs, which are otherwise incurred by brick-and-mortar distribution centres for maintenance purposes. In addition, this is expected to prove beneficial for players to increase their exposure in the antimicrobial susceptibility test market.