PUBLISHER: Grand View Research | PRODUCT CODE: 1268829
PUBLISHER: Grand View Research | PRODUCT CODE: 1268829
The global antimicrobial susceptibility testing market size is expected to reach USD 5.08 billion by 2030, expanding at 5.1% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is primarily attributed to the growing opportunities owing to advancement in technology, increasing R&D activities by leading participants, and increasing penetration of antimicrobial susceptibility testing (AST) in diagnosis and identification of effective treatment options. In addition, the increasing adoption of antimicrobial susceptibility testing in various applications such as drug discovery & development, susceptibility testing in clinical laboratories, and personalized medicine are the leading factors propelling growth.
The increasing prevalence of infectious diseases such as pneumonia and bloodstream infections due to a lack of proper sanitization and an unhygienic diet is further boosting the growth over the forecast period. Moreover, favorable initiatives undertaken by government bodies to combat AMR is anticipated to boost the demand for antimicrobial susceptibility testing over the forecast period. For instance, in October 2020, the U.S. government updated its National Action Plan for Combating Antibiotic-Resistant Bacteria (CARB) 2020-2025 to improve health services by prioritizing infection prevention and optimizing the use of antibiotics in the treatment of these diseases.
Moreover, the rising focus of key players on various strategic initiatives such as mergers & acquisitions and the launching of new products is further expected to drive the market growth over the forecast period. For instance, in May 2022, Qualigen Therapeutics entered into an agreement to acquire a majority stake in NanoSynex. NanoSynex has developed an AST platform to help faster identification of antibiotics for patient infections. Such initiatives are expected to increase growth in the coming years.
Overall, the COVID-19 pandemic impacted the AST industry adversely due to disruption in the supply chain and restrictions imposed by government bodies across the globe. However, COVID-19 opened new opportunities for the market, as many studies stated that antimicrobial susceptibility testing helps find optimal antibiotics in a shorter span for treating COVID-19 disease. According to the National Library of Medicine, a direct rapid antibiotic susceptibility test (dRAST) helps enable earlier & optimal antibiotic treatments for bacteremia in COVID-19 patients.
However, factors such as the high cost of technologically advanced products & automated instruments, the time gap determining clinical breakpoints, approving novel antimicrobial drugs, and the complex approval process of these products may hamper the market growth over the forecast period.