PUBLISHER: 360iResearch | PRODUCT CODE: 1499521
PUBLISHER: 360iResearch | PRODUCT CODE: 1499521
[180 Pages Report] The Human Antimicrobial Susceptibility Testing Market size was estimated at USD 3.71 billion in 2023 and expected to reach USD 3.92 billion in 2024, at a CAGR 5.88% to reach USD 5.54 billion by 2030.
The human antimicrobial susceptibility testing (AST) market encompasses the range of diagnostic processes and products employed to determine the susceptibility of specific microbial organisms, including bacteria and fungi, to various antimicrobial agents. This testing is crucial in guiding the appropriate selection of antimicrobial therapy for individual patients, optimizing clinical outcomes, and mitigating the risk of resistance development. The rising prevalence of bacterial and fungal infections globally fuels the demand for effective diagnostic testing such as AST. The growing problem of resistance to existing antibiotics underscores the need for AST to tailor treatments and develop new antimicrobials. However, the cost and complexity of advanced AST systems may limit accessibility, particularly in low-resource settings. Moreover, rising healthcare infrastructure and increasing awareness about infectious diseases in regions present significant growth opportunities. Development of portable, easy-to-use AST systems for use in outpatient settings or remote areas. Along with these, employing AI to predict susceptibility and resistance patterns could streamline AST processes, enhance predictive accuracy, and create new growth opportunities for the market.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 3.71 billion |
Estimated Year [2024] | USD 3.92 billion |
Forecast Year [2030] | USD 5.54 billion |
CAGR (%) | 5.88% |
Regional Insights
In the Americas, the United States holds a significant portion of the market due to its well-established healthcare infrastructure and high awareness regarding AMR. The region strongly emphasizes research and development, leading to the adoption of advanced AST technologies such as automated systems and genotypic methods. Regulatory bodies such as the U.S. Food and Drug Administration (FDA) play a crucial role in approving and overseeing AST products, ensuring their efficacy and safety. The EMEA region presents a diverse AST market due to varying levels of economic development, healthcare infrastructure, and regulatory frameworks. Europe is among the significant areas of adopting advanced AST methods, supported by strong regulatory standards set by the European Medicines Agency (EMA) and national bodies. The region is also at the forefront of addressing AMR through comprehensive antimicrobial stewardship programs. The Middle East shows a growing demand for AST due to rising AMR awareness and healthcare investments, particularly in Gulf Cooperation Council (GCC) countries. APAC is witnessing rapid growth in the AST market, fueled by increasing healthcare expenditures and rising awareness of AMR in countries such as China and India. The region benefits from local manufacturing of AST products, reducing costs and enhancing access. However, the vast diversity in economic and healthcare development levels across the region results in varied adoption rates of AST technologies.
Market Insights
The market dynamics represent an ever-changing landscape of the Human Antimicrobial Susceptibility Testing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Human Antimicrobial Susceptibility Testing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Human Antimicrobial Susceptibility Testing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Strategic Investment in Rapid Diagnostic Technologies by CARB-X to Combat Antibiotic-Resistant Gonorrhea and Enhance Global STI Management
CARB-X, an entity in the biopharmaceutical sector dedicated to combating antibiotic resistance, has allocated up to USD 1.8 million in funding to Visby Medical. This significant financial commitment supports the development of an innovative, portable, rapid polymerase chain reaction (PCR) diagnostic tool. This tool is designed to accurately identify the presence of Neisseria gonorrhoeae (NG), the pathogen responsible for gonorrhea, and ascertain its susceptibility to ciprofloxacin. [Published On: 2024-02-08]
Microplate Secures Funding for Innovation in Combatting Antimicrobial Resistance
Microplate Dx, a Glasgow-based diagnostics innovator, has successfully secured GBP 2.5 million in seed funding to propel the development of a point-of-care device designed for the rapid identification of effective antibiotics against bacterial infections. This funding initiative is poised to support clinical trials in Europe, with ambitions to expand into the US market. In alignment with the World Health Organization's concerns over rising antimicrobial resistance and supported by the UK's significant investment to combat antibiotic-resistant bacteria globally, Microplate Dx's technology aims to revolutionize antibiotic susceptibility testing. [Published On: 2023-09-11]
Introducing Sysmex's Rapid Antimicrobial Susceptibility Testing System
Sysmex Corporation has introduced a new antimicrobial susceptibility testing (AST) system in Europe aimed to transform the approach to diagnosing and treating urinary tract infections (UTIs). Leveraging advanced microfluidic technology developed by its subsidiary, Sysmex Astrego, the system delivers rapid detection of bacterial presence in urine samples and evaluates the efficacy of antimicrobials in as little as 30 minutes. This novel testing system comprises a compact analyzer and user-friendly sample cartridges, facilitating swift AST results during initial patient consultations in primary care and other outpatient settings. [Published On: 2023-06-26]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Human Antimicrobial Susceptibility Testing Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Human Antimicrobial Susceptibility Testing Market, highlighting leading vendors and their innovative profiles. These include Alifax S.r.l., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., BIOANALYSE TIBBI MALZ, BioMerieux SA, Biosafe Ltd., Bruker Corporation, Creative Diagnostics, ELITech Group SAS, Erba Lachema s.r.o., F. Hoffmann-La Roche AG, Genefluidics, Inc., Himedia Laboratories Private Limited, INTEGRA Biosciences AG, Laboratorios Conda, S.A., Launch Diagnostics Limited, Liofilchem S.r.l., Mast Group Ltd., Merck KGaA, Pfizer Inc., Thermo Fisher Scientific Inc., and Zhuhai DL Biotech Co., Ltd..
Market Segmentation & Coverage