CHICAGO, March 12, 2021 / PRNewswire / – Veterinary Antimicrobial Susceptibility Testing Market by Product (Discs, Plates, Media, Accessories, Consumables, Automated AST), Animal (Dog, Cat, Horse, Livestock, Pig, Poultry), End User (Veterinary Reference Labs, Universities) – Global Forecast to 2026, “published by MarketsandMarkets ™, is expected to reach the Veterinary AST Market $ 135 million by 2026 by an estimated $ 100 million in 2021 at a CAGR of 6.1%.
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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. The increasing focus on antimicrobial susceptibility testing in emerging markets due to supportive government and antibiotic resistance and control awareness initiatives offers market participants significant growth opportunities. 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.
Since early 2020, the majority of countries around the world have closed their borders and restricted transportation to contain the coronavirus (COVID-19) outbreak, creating barriers to international trade and transportation.
The food producing animals segment is expected to make up the largest share of the AST veterinary market
Based on animal type, the Veterinary Antimicrobial Susceptibility Testing market is segmented into Food Producing Animals and Companion 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 animal foods, the increasing frequency of antibiotic resistance and increasing demand for meat and dairy products, increasing animal health spending in industrialized countries and the increasing frequency of disease outbreaks in animals that eat food to produce. 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.
The culture media segment is expected to grow the fastest in the forecast period
The culture media segment is expected to record the highest growth rate in the forecast period. The growth in this product segment is due to the constant need and the recurring purchase of these products for the cultivation of bacterial isolates under controlled environmental laboratory conditions.
The veterinary reference laboratory end-user segment is expected to have the largest share of the AST veterinary market
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 had 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).
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Asia Pacific is expected to represent the highest CAGR for players operating in the AST veterinary market
The Asia Pacific The region is expected to have the highest CAGR over the forecast period. Increase in pet adoption, animal health awareness and increasing per capita animal health spending, especially in India and Chinacontribute to the growth of the APAC antimicrobial susceptibility testing market.
Some of the major players in the Veterinary Antimicrobial Susceptibility Testing market are Thermo Fisher Scientific Inc. (USA), Becton, Dickinson and Company (USA), Bruker Corporation (USA), and bioMérieux SA (USA)France), Danaher Corporation (USA), Bio-Rad Laboratories, Inc. (USA), Neogen Corporation (USA), HiMedia Laboratories (USA)India), Mast Group Ltd. (Great Britain), Bioguard Corporation (Taiwan), SSI Diagnostics A / S (Denmark), Condalab (Spain), FASTinov SA (Portugal), Synbiosis (UK), Hardy Diagnostics (US) and Liofilchem Srl (Italy).
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