Market Size of Global Antimicrobial Susceptibility Testing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.30 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Antimicrobial Susceptibility Testing Market Analysis
The antimicrobial susceptibility testing market is poised to grow at a CAGR of 5.3% over the forecast period (2022-2027).
Globally, COVID-19 has a significant and unprecedented impact on the supply of healthcare and public health across several nations. As per the article published in 2021 under the title 'Antimicrobial susceptibility patterns of respiratory Gram-negative bacterial isolates from COVID-19 patients in Switzerland', the development of bacterial superinfections in ventilated COVID-19 patients impacted by high levels of antimicrobial resistance, which in some situations necessitate continued modification of antibiotic therapy. Furthermore, the article published in 2021 under the heading 'Impact of the COVID-19 pandemic on the surveillance, prevention, and control of antimicrobial resistance: a global survey' stated that health systems have been significantly impacted by the COVID-19 pandemic. COVID-19's impacts on antimicrobial resistance surveillance, prevention, and control were investigated by the World Health Organization (WHO) Antimicrobial Resistance (AMR) Surveillance and Quality Assessment Collaborating Centers Network. Hence due to the aforementioned factors, COVID-19 had a significant impact on the market studied.
The major factors attributing to the growth of the market are the increasing prevalence of multidrug-resistant organisms and growing awareness of precision medicine. According to the Centers for Disease Control and Prevention (CDC), more than 2.8 million antibiotic-resistant infections happen in the United States every year. The increasing number of multidrug-resistant diseases increases the need for antimicrobial susceptibility testing. The rising awareness programs and initiatives for personalized medicine have a positive effect on the growth of the market and the other factor which is playing a pivotal role in taking the antimicrobial susceptibility testing market to the next level is increasing the use of the tests by the pharmaceutical companies. For instance, WHO celebrates World Antimicrobial Awareness Week (WAAW) from 18-24 November every year. The 2021 theme was Spread Awareness, Stop Resistance, which called on One Health stakeholders, policymakers, health care providers, and the public to be Antimicrobial Resistance (AMR) Awareness champions.
Hence as per the information mentioned above, the antimicrobial susceptibility testing market is expected to witness growth over the forecast period. However, stringent regulatory government policies and the challenges associated with antimicrobial susceptibility testing are expected to restrain the growth of the market over the forecast period.
