Veterinary Antimicrobial Susceptibility Testing Market by Product, Animal, End-user - Global Forecast to 2026
DUBLIN, March 29, 2021 /PRNewswire/ -- The "Veterinary Antimicrobial Susceptibility Testing Market by Product (Disks, Plates, Media, Accessories, Consumables, Automated AST), Animal (Dog, Cat, Horse, Cattle, Pig, Poultry), End User (Veterinary Reference Labs, Universities) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The veterinary antimicrobial susceptibility testing market is expected to reach USD 135 million by 2026 from an estimated USD 100 million in 2021, at a CAGR of 6.1%.
Growth in the market is largely driven by the growing threat of antimicrobial resistance due to the overuse of antibiotics, rising demand for animal-derived products, growing prevalence of zoonotic diseases, rising demand for pet insurance, growing animal health expenditure, and the growing number of veterinary practitioners & their rising income levels in developed economies. On the other hand, the high cost of automated veterinary AST systems and rising pet care costs are expected to restrain the overall market growth to a certain extent.
Based on product type, the disks and plates segment holds the largest market share during the forecast period.
Based on products, the veterinary antimicrobial susceptibility testing market is segmented into disks & plates, culture media, accessories & consumables, and automated AST instruments. In 2020, the disks & plates segment accounted for the largest share of the market. The large share of this segment can be attributed to the high utilization of antimicrobial susceptibility tests for the disk diffusion method and the increasing prevalence of infectious diseases in food-producing and companion animals.
Based on animal type, the Food-producing animal segment holds the largest market share during the forecast period.
Based on animal type, the veterinary antimicrobial susceptibility testing market is segmented into food-producing animals and companion animals. The food-producing animals segment accounted for the largest share of the market in 2020. The large share and high growth of this segment can be attributed to the high use of antibiotics in food-producing animals, increasing incidence of antimicrobial resistance, increasing demand for meat and dairy products, rising animal healthcare expenditure in developed countries, and the increasing incidence of disease outbreaks in food-producing animals. This segment is further categorized into cattle, pigs, poultry, and other food-producing animals. Companion animals are further segmented into dogs, cats, horses, and other companion animals.
Based on end user, the veterinary ASTsegment is expected to register the highest CAGR during the forecast period.
Based on end users, the veterinary antimicrobial susceptibility testing market is segmented into veterinary reference laboratories, veterinary research institutes and universities, and other end users. Veterinary reference laboratories accounted for the largest share of the market in 2020. The large share of this segment can be attributed to the large number of samples received for AST in reference laboratories from small and large animal practices. This segment is also expected to register the highest growth during the forecast period (2021-2026).
North America is expected to account for the largest share of the veterinary antimicrobial susceptibility testing market in 2020
Geographically, the veterinary antimicrobial susceptibility testing market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the veterinary antimicrobial susceptibility testing market in 2020. The large share of this region is mainly due to the increasing awareness about antimicrobial resistance among veterinarians and livestock farmers, strict government regulations regarding the usage of antimicrobials in livestock animals, availability of advanced veterinary diagnostic laboratories, increasing adoption of pet animals, the growing pet insurance industry, and rising veterinary healthcare expenditure in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Veterinary Antimicrobial Susceptibility Testing Market Overview
4.2 Asia-Pacific: Veterinary Antimicrobial Susceptibility Testing Market, by Product
4.3 Veterinary Antimicrobial Susceptibility Testing Market: Geographic Mix
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Growing Threat of Antimicrobial Resistance due to Overuse of Antibiotics
5.2.1.2 Rising Demand for Animal-Derived Food Products
5.2.1.3 Growing Prevalence of Zoonotic Diseases
5.2.1.4 Rising Demand for Pet Insurance and Growing Animal Health Expenditure
5.2.1.5 Growing Number of Veterinary Practitioners & Their Rising Income Levels in Developed Economies
5.2.2 Market Restraints
5.2.2.1 High Cost of Automated Veterinary Antimicrobial Susceptibility Testing Systems
5.2.2.2 Rising Pet Care Costs
5.2.3 Market Opportunities
5.2.3.1 Rising Focus on Veterinary Antimicrobial Susceptibility Testing in Emerging Markets due to Supportive Government Initiatives
5.2.3.2 Growth in the Companion Animal Population
5.2.4 Market Challenges
5.2.4.1 Low Awareness About Antimicrobial Resistance in Veterinarians and Livestock Farmers
5.2.4.2 Limited Guidelines for Interpretation of Veterinary Antimicrobial Susceptibility Test Results
5.2.4.3 Shortage of Veterinary Practitioners and Skilled Veterinary Pathologists in Developing Markets
5.3 Technological Analysis
5.4 Pricing Analysis
5.5 Value Chain Analysis
5.6 Ecosystem Market Map
5.7 Porter's Five Forces Analysis
5.7.1 Threat from New Entrants
5.7.2 Intensity of Competitive Rivalry
5.7.3 Bargaining Power of Buyers
5.7.4 Bargaining Power of Suppliers
5.7.5 Threat from Substitutes
5.8 Supply Chain Analysis
5.9 Impact of COVID-19 on the Veterinary Antimicrobial Susceptibility Testing Market
5.10 Regulatory Analysis
5.11 Patent Analysis
5.11.1 Patent Publication Trends for Veterinary Antimicrobial Susceptibility Testing Instruments
5.11.2 Top Applicants (Companies/Institutions) for Veterinary Antimicrobial Susceptibility Testing Instruments
5.12 Difference Between 96-Well Plates and 384-Well Plates
5.13 Customized Vs. Portfolio Products
6 Veterinary Antimicrobial Susceptibility Testing Market, by Product
6.1 Introduction
6.2 Disks & Plates
6.2.1 Disks & Plates Accounted for the Largest Share of the Veterinary Antimicrobial Susceptibility Testing Products Market in 2020
6.3 Culture Media
6.3.1 Constant Requirement and Repetitive Purchase of Culture Media to Drive Market Growth
6.4 Accessories & Consumables
6.4.1 Wide Use of Manual Methods Like Disk Diffusion Will Drive the Growth of this Segment
6.5 Automated Ast Instruments
6.5.1 Ongoing Trend of Laboratory Automation to Drive Growth in this Market Segment
7 Veterinary Antimicrobial Susceptibility Testing Market, by Animal Type
7.1 Introduction
7.2 Food-Producing Animals
7.2.1 Cattle
7.2.1.1 Increasing Cattle Population and Growing Consumption of Meat to Drive Growth in the Veterinary Ast Market
7.2.2 Pigs
7.2.2.1 Growing Incidence of Infectious Diseases Will Support Market Growth
7.2.3 Poultry
7.2.3.1 Growing Infectious Disease Prevalence in Poultry Will Support the Growth of the Veterinary Antimicrobial Susceptibility Testing Market
7.2.4 Other Food-Producing Animals
7.3 Companion Animals
7.3.1 Dogs
7.3.1.1 Dogs Dominate the Veterinary Antimicrobial Susceptibility Testing Market for Companion Animals
7.3.2 Cats
7.3.2.1 Increasing Pet Cat Population to Drive Market Growth
7.3.3 Horses
7.3.3.1 Growing Equine Health Awareness Will Drive the Market Growth
7.3.4 Other Companion Animals
8 Veterinary Antimicrobial Susceptibility Testing Market, by End-user
8.1 Introduction
8.2 Veterinary Reference Laboratories
8.2.1 Veterinary Reference Laboratories are the Largest End-users of Veterinary Antimicrobial Susceptibility Tests
8.3 Veterinary Research Institutes and Universities
8.3.1 Increasing Funding for Research on Antimicrobial Resistance and Ast in Universities to Boost Market Growth
8.4 Other End-users
9 Veterinary Antimicrobial Susceptibility Testing Market, by Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific (Apac)
9.5 Latin America
9.6 Middle East & Africa
10 Competitive Landscape
10.1 Key Player Strategies
10.2 Market Evaluation Framework
10.3 Revenue Analysis
10.4 Market Share Analysis
10.5 Company Evaluation Quadrant/Dive Matrix
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
10.6 Veterinary Antimicrobial Susceptibility Testing Market: Geographical Assessment
10.7 Competitive Situation and Trends
10.7.1 Product Launches & Enhancements
10.7.2 Deals
11 Company Profiles
11.1 Supply-Side Players
11.1.1 Thermo Fisher Scientific Inc.
11.1.2 Becton, Dickinson and Company
11.1.3 Bruker Corporation
11.1.4 Biomerieux Sa.
11.1.5 Danaher Corporation
11.1.6 Bio-Rad Laboratories, Inc.
11.1.7 Neogen Corporation
11.1.8 Himedia Laboratories
11.1.9 Mast Group Ltd.
11.1.10 Bioguard Corporation
11.1.11 Ssi Diagnostica A/S
11.1.12 Condalab
11.1.13 Fastinov Sa
11.1.14 Synbiosis
11.1.15 Hardy Diagnostics
11.1.16 Liofilchem Srl.
11.2 Demand-Side Players
11.2.1 Idexx Reference Laboratories
11.2.2 University of Minnesota (Veterinary Diagnostic Laboratory)
11.2.3 Iowa State University (Veterinary Diagnostic Laboratory)
11.2.4 Cornell University (Animal Health Diagnostic Center)
12 Appendix
12.1 Discussion Guide
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