The global Veterinary Antimicrobial Susceptibility Testing Market size
is expected to reach USD 52.78 billion by 2028, according to a new report by
Grand View Research, Inc. The market is expected to expand at a CAGR of 5.1%
from 2021 to 2028. Some of the key players of this industry are BioMérieux
SA, Becton, Dickinson and Company, Synbiosis and Thermo Fisher Scientific. 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.
Related Press Release@ Veterinary Antimicrobial Susceptibility Testing Market Report
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
About Us:
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment