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Global Veterinary Antimicrobial Susceptibility Testing Market to reach USD 144.6 million by 2027.

Global Veterinary Antimicrobial Susceptibility Testing Market Size study, by Product (Disks, Plates, Media, Accessories, Consumables, Automated AST), Animal (Dog, Cat, Horse, Cattle, Pig, Poultry), End User (Veterinary Reference Labs, Universities) and Regional Forecasts 2021-2027

Product Code: CMCC-79988737
Publish Date: 25-09-2021
Page: 200

Global Veterinary Antimicrobial Susceptibility Testing Market is valued approximately USD 94.3 million in 2020 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2021-2027. The rising threat of antimicrobial resistance due to antibiotic overuse, rising demand for animal-derived products, rising prevalence of zoonotic diseases, rising demand for pet insurance, rising animal health expenditure, and the growing number of veterinary practitioners & their rising income levels in developed economies are all driving market growth. The high cost of automated veterinary AST systems, on the other hand, and growing pet care expenditures are likely to limit overall market development to some extent. Antimicrobial misuse as a growth enhancer in food-producing animals (particularly in the poultry and swine industries) is a serious problem across the world. Antimicrobials are added in animal feed as preventative prophylactic and metaphylactic therapeutic methods in addition to being utilized as growth boosters. Antimicrobials are allegedly used more frequently in healthy animals than in ill animals (as growth boosters and preventive therapeutic measures). Approximately 80% of all antibiotics made globally are utilized in farmed animals, according to the WHO. Antimicrobials are widely available from feed providers, which contributes to their misuse. Overuse of antibiotics raises the development of antimicrobial resistance (AMR), which has significant clinical and economic consequences. Antimicrobial stewardship programmes have also been established by government and regulatory organizations to raise awareness among veterinarians, livestock producers, and pet owners. Antimicrobials should not be used as growth promoters in livestock animals, and antimicrobial susceptibility tests should be used before commonly used antibiotics are prescribed for sick animals, according to these programmes.

The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Veterinary Antimicrobial Susceptibility Testing market. North America held the largest portion of the worldwide market for veterinary antibiotic susceptibility testing in 2020. The United States has the biggest proportion of the market for veterinary antimicrobial susceptibility testing in North America. The market in North America is characterized by an increase in the number of companion and food-producing animals, rising meat and dairy product consumption, the availability of technologically advanced veterinary reference laboratories, strict antimicrobial usage guidelines, rising veterinary healthcare expenditure, and increased pet insurance coverage.

Major market player included in this report are:
Thermo Fisher Scientific
SSI Diagnostica A/S
Bioguard Corporation
Hardy Diagnostics
FASTinov
Condalab
Mast Group Ltd
Neogen Corporation
Bio-Rad Laboratories
HiMedia Laboratories
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Disks and Plates
Culture Media
Accessories & Consumables
Automated AST Instruments
By Animal:
Food-producing Animals
Cattle
Pigs
Poultry
Other Food-producing Animals
Companion Animals
Dogs
Cats
Horses
Other Companion Animals
By End-use:
Veterinary Reference Laboratory
Veterinary Research Institutes and Universities
Other End Users
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Veterinary Antimicrobial Susceptibility Testing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Million)
1.2.1. Veterinary Antimicrobial Susceptibility Testing Market, by Region, 2019-2027 (USD Million)
1.2.2. Veterinary Antimicrobial Susceptibility Testing Market, by Product, 2019-2027 (USD Million)
1.2.3. Veterinary Antimicrobial Susceptibility Testing Market, by Animal, 2019-2027 (USD Million)
1.2.4. Veterinary Antimicrobial Susceptibility Testing Market, by End-use, 2019-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Veterinary Antimicrobial Susceptibility Testing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Veterinary Antimicrobial Susceptibility Testing Market Dynamics
3.1. Veterinary Antimicrobial Susceptibility Testing Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Rising threat of antimicrobial resistance due to overuse of antibiotics.
3.1.1.2. Growing demand for animal derived food products
3.1.1.3. Increasing animal health expenditure
3.1.2. Market Challenges
3.1.2.1. High cost of pet care
3.1.3. Market Opportunities
3.1.3.1. Rising growth in the companion animal population
Chapter 4. Global Veterinary Antimicrobial Susceptibility Testing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Veterinary Antimicrobial Susceptibility Testing Market, by Product
5.1. Market Snapshot
5.2. Global Veterinary Antimicrobial Susceptibility Testing Market by Product, Performance – Potential Analysis
5.3. Global Veterinary Antimicrobial Susceptibility Testing Market Estimates & Forecasts by Product 2018-2027 (USD Million)
5.4. Veterinary Antimicrobial Susceptibility Testing Market, Sub Segment Analysis
5.4.1. Disks and Plates
5.4.2. Culture Media
5.4.3. Accessories & Consumables
5.4.4. Automated AST Instruments
Chapter 6. Global Veterinary Antimicrobial Susceptibility Testing Market, by Animal,
6.1. Market Snapshot
6.2. Global Veterinary Antimicrobial Susceptibility Testing Market by Animal, Performance-Potential Analysis
6.3. Global Veterinary Antimicrobial Susceptibility Testing Market Estimates & Forecasts by Animal, 2018-2027 (USD Million)
6.4. Veterinary Antimicrobial Susceptibility Testing Market, Sub Segment Analysis
6.4.1. Food-producing Animals
6.4.1.1. Cattle
6.4.1.2. Pigs
6.4.1.3. Poultry
6.4.1.4. Other Food-producing Animals
6.4.2. Companion Animals
6.4.2.1. Dogs
6.4.2.2. Cats
6.4.2.3. Horses
6.4.2.4. Other Companion Animals
Chapter 7. Global Veterinary Antimicrobial Susceptibility Testing Market, by End-use,
7.1. Market Snapshot
7.2. Global Veterinary Antimicrobial Susceptibility Testing Market by End-use, Performance-Potential Analysis
7.3. Global Veterinary Antimicrobial Susceptibility Testing Market Estimates & Forecasts by End-use, 2018-2027 (USD Million)
7.4. Veterinary Antimicrobial Susceptibility Testing Market, Sub Segment Analysis
7.4.1. Veterinary Reference Laboratory
7.4.2. Veterinary Research Institutes and Universities
7.4.3. Other End Users
Chapter 8. Global Veterinary Antimicrobial Susceptibility Testing Market, Regional Analysis
8.1. Veterinary Antimicrobial Susceptibility Testing Market, Regional Market Snapshot
8.2. North America Veterinary Antimicrobial Susceptibility Testing Market
8.2.1. U.S. Veterinary Antimicrobial Susceptibility Testing Market
8.2.1.1. Product breakdown estimates & forecasts, 2018-2027
8.2.1.2. Animal breakdown estimates & forecasts, 2018-2027
8.2.1.3. End-use breakdown estimated & forecasts, 2018-2027
8.2.2. Canada Veterinary Antimicrobial Susceptibility Testing Market
8.3. Europe Veterinary Antimicrobial Susceptibility Testing Market Snapshot
8.3.1. U.K. Veterinary Antimicrobial Susceptibility Testing Market
8.3.2. Germany Veterinary Antimicrobial Susceptibility Testing Market
8.3.3. France Veterinary Antimicrobial Susceptibility Testing Market
8.3.4. Spain Veterinary Antimicrobial Susceptibility Testing Market
8.3.5. Italy Veterinary Antimicrobial Susceptibility Testing Market
8.3.6. Rest of Europe Veterinary Antimicrobial Susceptibility Testing Market
8.4. Asia-Pacific Veterinary Antimicrobial Susceptibility Testing Market Snapshot
8.4.1. China Veterinary Antimicrobial Susceptibility Testing Market
8.4.2. India Veterinary Antimicrobial Susceptibility Testing Market
8.4.3. Japan Veterinary Antimicrobial Susceptibility Testing Market
8.4.4. Australia Veterinary Antimicrobial Susceptibility Testing Market
8.4.5. South Korea Veterinary Antimicrobial Susceptibility Testing Market
8.4.6. Rest of Asia Pacific Veterinary Antimicrobial Susceptibility Testing Market
8.5. Latin America Veterinary Antimicrobial Susceptibility Testing Market Snapshot
8.5.1. Brazil Veterinary Antimicrobial Susceptibility Testing Market
8.5.2. Mexico Veterinary Antimicrobial Susceptibility Testing Market
8.6. Rest of The World Veterinary Antimicrobial Susceptibility Testing Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Thermo Fisher Scientific
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. SSI Diagnostica A/S
9.2.3. Bioguard Corporation
9.2.4. Hardy Diagnostics
9.2.5. FASTinov
9.2.6. Condalab
9.2.7. Mast Group Ltd
9.2.8. Neogen Corporation
9.2.9. Bio-Rad Laboratories
9.2.10. HiMedia Laboratories
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
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