Antimicrobial Susceptibility Testing Market
Global antimicrobial susceptibility testing market is estimated to be valued at USD 3.94 Bn in 2024, and is expected to exhibit a CAGR of 6.7% during the forecast period (2024-2031). The global antimicrobial susceptibility testing market is projected to witness significant growth from 2023 to 2030. This is mainly due to the rising prevalence of infectious diseases worldwide and increasing need to identify appropriate antibiotic treatments. As per recent studies, at least 2 million people in the U.S. acquire antibiotic-resistant infections every year, leading to over 23,000 deaths. This has boosted the demand for effective antimicrobial susceptibility testing which provides critical information on antibiotic sensitivity that helps clinicians select suitable treatment options. Furthermore, technological advancements in susceptibility testing techniques, such as automation and integration of artificial intelligence, have made the process faster and easier, which is expected to drive the market growth during the forecast period
Market Dynamics:
The global antimicrobial susceptibility testing market is primarily driven by the growing burden of antibiotic-resistant microbial infections and need for rapid and accurate antimicrobial susceptibility testing methods to determine the most effective antimicrobial agents. Some key market drivers include rising prevalence of hospital-acquired infections, increase in new product launches with enhanced capabilities, and initiatives by governments and health agencies to promote antimicrobial stewardship practices. However, the market growth can be challenged by factors such as lengthy approval process for new AST systems, high costs associated with fully-automated systems, and inaccuracies related to manual testing methods. Major opportunities in the market include development of rapid AST platforms with high throughput capabilities, increasing adoption in developing nations, and integration of molecular diagnostic techniques with AST.
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*Browse 32 market data tables and 28 figures on "Antimicrobial Susceptibility Testing Market” - Global forecast to 2031
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