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New York, March 18, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of the Report “Veterinary Antimicrobial Susceptibility Testing Market By Product, Animal, End User – Global Forecast to 2026” – https: //www.reportlinker. com / p06036844 /? utm_source = GNW
The veterinary antimicrobial susceptibility testing market is projected to reach US $ 135 million by 2026, up from an estimated US $ 100 million in 2021 with an annual growth rate of 6.1%. The growth of the market is mainly driven by the growing threat of antibiotic resistance due to the overuse of antibiotics, the increasing demand for animal products, the increasing prevalence of zoonotic diseases, the increasing demand for pet insurance, the increasing spending on animal health, and the growing number of veterinarians and their rising income levels in developed economies. On the other hand, the high cost of automated AST veterinary systems and the increasing cost of animal care are expected to inhibit general market growth to some extent.
In terms of product type, the discs and plates segment holds the largest market share in the forecast period.
Based on Products, the Veterinary Antimicrobial Susceptibility Testing Market is segmented into Disks and Plates, Culture Media, Accessories and Consumables, and AST Automated Instruments. In 2020, the discs and plates segment had the largest market share.
The large share of this segment is due to the widespread use of antimicrobial susceptibility tests for the disc diffusion method and the increasing prevalence of infectious diseases in food and pets.
In terms of animal type, the food producing animals segment holds the largest market share in the forecast period.
Based on Animal Type, the Antimicrobial Antimicrobial Sensitivity Testing Market is segmented into Food Producing Animals and Domestic Animals. The food producing animals segment had the largest market share in 2020.
The large share and high growth of this segment can be attributed to the high use of antibiotics in animals that produce food, the increasing resistance to antimicrobial agents, the increasing demand for meat and dairy products, the increasing expenditure on animal health in industrialized countries and the increasing incidence This segment is further divided into cattle, pigs, poultry and other food producing animals.
Pets are further divided into dogs, cats, horses, and other domestic animals.
Based on the end user, the AST veterinary segment is expected to register the highest CAGR during the forecast period.
Based on the end-users, the Veterinary Antimicrobial Susceptibility Testing market is segmented into Veterinary Reference Laboratories, Veterinary Research Institutes and Universities, and other end-users. Veterinary reference laboratories accounted for the largest market share in 2020.
The large portion of this segment is due to the large number of samples received in reference laboratories from small and large animal practices for AST. This segment is also expected to show the highest growth in the forecast period (2021–2026).
North America is expected to have the largest share of the veterinary antimicrobial susceptibility testing market in 2020
Geographically, the Veterinary Antimicrobial Susceptibility Testing market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America had the largest share of the veterinary antimicrobial susceptibility testing market in 2020.
The large portion of this region is largely due to increasing veterinary and pet owner awareness of antibiotic resistance, strict government regulations on the use of antimicrobials in farm animals, the availability of advanced veterinary diagnostic laboratories, increasing pet acceptance and growing pet insurance industry, and rising veterinary health spending in the region.
The main participants’ break was as follows:
• By type of company – Tier 1–60%, Tier 2–30% and Tier 3–10%
• By designation – C-Level – 30%, Director-Level – 50%, Others – 20%
• By regions – North America – 45%, Europe – 15%, Asia Pacific – 25%, Latin America – 10%, Middle East and Africa – 5%
Major Players in the AST Veterinary Market
Major players in the veterinary antimicrobial susceptibility testing market include Thermo Fisher Scientific Inc. (USA), Becton, Dickinson and Company (USA), Bruker Corporation (USA), bioMérieux SA (France), Danaher Corporation ( USA), Bio-Rad Laboratories, Inc. (USA), Neogen Corporation (USA), HiMedia Laboratories (India), Mast Group Ltd. (Great Britain), Bioguard Corporation (Taiwan), SSI Diagnostica A / S (Denmark), Condalab (Spain), FASTinov SA (Portugal)), Synbiosis (UK), Hardy Diagnostics (USA) and Liofilchem Srl (Italy).
The report analyzes the Veterinary Antimicrobial Susceptibility Testing market and aims to gauge the market size and future growth potential of this market based on different segments such as animal species, product type, end-user, and region. The report also includes a product portfolio matrix of various AST veterinary products available in the market.
The report also includes a competitive analysis of the key players in this market along with their company profiles, product offerings, and key market strategies.
Reasons to Buy the Report
The report will enrich established companies as well as new entrants / smaller businesses to keep the pulse of the market which in turn would help them gain a more significant market share. Companies that purchase the report can use any one or any combination of the strategies below to strengthen their position in the marketplace.
This report provides insights into the following notices:
• Market Penetration: Comprehensive information on product portfolios offered by the top players in the global Veterinary Antimicrobial Susceptibility Testing Market. The report analyzes this market product, animal and end user
• Product Improvement / Innovation: In-depth insight into upcoming trends and product launches in the global Veterinary Antimicrobial Susceptibility Testing Market
• Market development: Comprehensive information on the lucrative emerging markets by product, animal and end user
• Market Diversification: Comprehensive information on new products or product enhancements, growing regions, recent developments, and investments in the global Veterinary Antimicrobial Susceptibility Testing Market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, mapping of competitive leadership, and skills of leading players in the global Veterinary Antimicrobial Susceptibility Testing Market.
Read the full report: https://www.reportlinker.com/p06036844/?utm_source=GNW
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