The "Veterinary Antimicrobial Susceptibility Testing Market Size, Share & Trends Analysis Report By Animal Type (Livestock Animals, Companion Animals), By Product, By End Use, By Region, And Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global veterinary antimicrobial susceptibility testing market size is expected to reach USD 52.78 billion by 2028, according to a new report by the publisher. The market is expected to expand at a CAGR of 5.1% from 2021 to 2028.
Companies Mentioned
- BioMerieux SA
- Becton, Dickinson and Company
- Synbiosis
- Thermo Fisher Scientific
- Bruker Corporation
- Danaher Corporation
- Condalab
- Bioguard Corporation
- Liofilchem S.r.l.
- HiMedia Laboratories
- Bio-Rad Laboratories
- Neogen Corporation
The key factors fueling the market growth include growing demand for livestock products and increasing government initiatives.
Government initiatives mandating safe healthcare practices for livestock and companion animals are fueling the growth of the market. Several governments worldwide are focused on protecting animals and humans from antibiotics resistance. In addition, efforts are being taken to increase awareness about the reduction of usage of antimicrobials in food animals. The WHO is collaborating with the World Organization for Animal Health (OIE), Food and Agriculture Organization (FAO), national ministries of health, World Bank, and UNSIC to take major actions regarding antimicrobial resistance, which is further propelling the market growth.
The growing demand for animal products, such as milk, chicken, eggs, and meat, is encouraging farmers to adopt an antibiotics policy for their animals to gain higher profitability. Due to the rising urbanization, consumers are becoming more aware of the nutritious value of animal protein. The demand for healthy, sustainable, and high-quality meat products that have comparatively few or no antimicrobials is also increasing rapidly. Thus, the need for healthy breeding of animals is increasing, which is expected to fuel the growth of the market.
Veterinary Antimicrobial Susceptibility Testing Market Report Highlights
- By animal type, livestock animals dominated the market in 2020 due to the stringent regulatory guidelines regarding antimicrobial usage in livestock animals. Cattle accounted for over 38.0% share in 2020 due to the increasing demand for milk and the growing expenditure on livestock
- The companion animal type segment is estimated to grow notably due to the increasing concerns over the transmission of resistance from companion to humans
- Based on product, AST automated instruments accounted for the largest share of over 41.0% in 2020 due to its increasing adoption and higher cost. Disks and plates are expected to witness significant growth over the forecast period owing to their increased usage in labs and research institutes
- In terms of end-use, in 2020, the veterinary reference lab segment held the largest share owing to its patient footfall and increased number of tests
- Asia Pacific held the largest revenue share in 2020 owing to its growing livestock population and increased government initiatives
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Veterinary Antimicrobial susceptibility testing Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/Ancillary Market Outlook
3.2. Penetration& Growth Prospect Mapping, 2020
3.3 Veterinary Antimicrobial susceptibility testing Market Dynamics
3.3.1 Market driver analysis
3.3.2 Market restraint analysis
3.3.3.Market opportunity analysis
3.3.4. Market challenge analysis
3.4 Veterinary Antimicrobial susceptibility testing Market Analysis Tools: Porters
3.4.1 Supplier Power
3.4.2. Buyer Power
3.4.3. Substitution Threat
3.4.4. Threat of New Entrants
3.4.5. Competitive Rivalry
3.5 Veterinary Antimicrobial susceptibility testing Industry Analysis - PEST (Political & Legal, Economic, Social, and Technological)
3.5.1 Political/Legal Landscape
3.5.2 Economic Landscape
3.5.3 Social Landscape
3.5.4 Technology Landscape
3.6 Livestock and Companion Animal Population, by Country
Chapter 4 COVID-19 Impact Analysis
4.1 COVID-19 Prevalence Analysis
4.2. Impact of COVID-19 on Veterinary Antimicrobial susceptibility testing Market
Chapter 5 Veterinary Antimicrobial susceptibility testing Market: Segment Analysis, By Animal Type, 2016 - 2028 (USD Million)
Chapter 6 Veterinary Antimicrobial susceptibility testing Market: Segment Analysis, By Product, 2016 - 2028 (USD Million)
Chapter 7 Veterinary Antimicrobial susceptibility testing Market: Segment Analysis, By End Use, 2016 - 2028 (USD Million)
Chapter 8 Veterinary Antimicrobial susceptibility testing Market: Regional Market Analysis 2016 - 2028 (USD Million)
Chapter 9 Veterinary Antimicrobial susceptibility testing Market - Competitive Analysis
9.1 Market Participant Categorization
9.1.1. Company Market Position Analysis,
9.1.2 Heat map analysis
9.1.3. Synergy Analysis: Major Deals & Strategic Alliances
9.1.4. Market Leaders
9.1.5. Innovators
9.2. List of Key Companies
Chapter 10 Veterinary Antimicrobial susceptibility testing Market - Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/8q7pk4
View source version on businesswire.com: https://www.businesswire.com/news/home/20220118005737/en/
Contacts:
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
