PUBLISHER: Value Market Research | PRODUCT CODE: 1547564
PUBLISHER: Value Market Research | PRODUCT CODE: 1547564
The global demand for Veterinary Antimicrobial Susceptibility Testing Market is presumed to reach the market size of nearly USD 78.46 Billion by 2032 from USD 47.97 Billion in 2023 with a CAGR of 5.62% under the study period 2024-2032.
Veterinary antimicrobial susceptibility testing is a tool used by veterinarians for the diagnosis of bacterial diseases in animals. This testing technique helps confirm the presence of bacterial infection in animals, identify the responsible pathogen, and choose relevant antibiotics. Using susceptibility testing to select the most effective antibiotic can reduce the expense and frustration associated with blind antibiotic trials. It also helps lower the risks of complications and of promoting antibiotic resistance. There are increased chances of a faster recovery of the infected animal. The most common methods of antibiotic susceptibility testing used are disk diffusion and broth dilution techniques.
The growing awareness about infections among companion animals and livestock is the primary impetus for market growth. The prevalence of zoonotic diseases among the global population and the need to identify the right choice or dosage of antibiotics in treating the same will benefit market growth. The increased use of antimicrobial susceptibility test kits in the pharmaceutical and biotechnology sectors in the research & development of novel drugs to fight bacteria will further enhance the market growth. High demand for animal-derived products among the global population and an increase in the number of veterinary practitioners worldwide will be a market booster. The high cost of automated veterinary antimicrobial susceptibility testing systems and increasing pet care costs will be few restraining factors for the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Veterinary Antimicrobial Susceptibility Testing. The growth and trends of Veterinary Antimicrobial Susceptibility Testing industry provide a holistic approach to this study.
This section of the Veterinary Antimicrobial Susceptibility Testing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Veterinary Antimicrobial Susceptibility Testing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Veterinary Antimicrobial Susceptibility Testing market include BioMeRieux SA, Becton, Dickinson And Company, Synbiosis, Thermo Fisher Scientific, Bruker Corporation, Danaher Corporation, Condalab, Bioguard Corporation, LiofilchemS.R.L., HiMedia Laboratories, Bio-Rad Laboratories, Neogen Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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