Antimicrobial Susceptibility Testing Market Development And Business Intelligence
Seeking Alpha Analyst Since 2014
#Healthcare Consultant focusing on #TeleHealth #TeleMedicine #PatientPortals #CVIS #HCIT #MedicalRobots #Vaccines #MedicalDevices #WirelessHealth #Biotechnology
Summary
- Market Growth Factors & Global Market Size.
- Leading Players & Growth Strategies.
- Geographic Overview.
Market growth influenced due to following factors-
- Rising incidence of infectious diseases.
- Technological advancements towards the development of rapid AST technologies.
- Increased funding, research grants, and public-private investments.
Global market size-
According to the new market research report Antimicrobial Susceptibility Testing Market is projected to reach $4.2 billion by 2025, at a CAGR of 5.5% during the forecast period.
Leading Players-
Some of the leading players in the market are Antimicrobial Susceptibility Testing MarketbioMérieux SA (France), Becton, Dickinson and Company (US), Thermo Fisher Scientific (US), Danaher Corporation (US), Bio-Rad Laboratories, Inc. (US).
The key growth strategies adopted by the top players in the market include product launches and approvals, agreements, expansions, and acquisitions. Product approvals and launches were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market. In 2019, the antimicrobial susceptibility testing market was dominated by bioMérieux SA (France), Becton, Dickinson and Company (US), Thermo Fisher Scientific (US), Danaher Corporation (US), and Bio-Rad Laboratories, Inc. (US).
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Geographic Overview -
North America, comprising the US and Canada, accounted for the largest share of the antimicrobial susceptibility testing market in 2019. Technological advancements in rapid antimicrobial susceptibility testing systems, rising incidence of infectious diseases (such as AIDS, tuberculosis, and pertussis), and government support for antimicrobial resistance-related research are the major factors driving market growth in North America.
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