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. 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.
List of Key Players of Veterinary Antimicrobial
Susceptibility Testing Market
- BioMérieux 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
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
Related Reports@
Veterinary Antimicrobial Susceptibility Testing Market
Segmentation
Grand View Research has segmented the global
veterinary antimicrobial susceptibility testing market on the basis of animal
type, product, end-use, and region:
Veterinary Antimicrobial Susceptibility Testing Animal
Type Outlook (Revenue, USD Million, 2016 - 2028)
- Livestock Animals
- Cattle
- Poultry
- Pigs
- Others
- Companion Animals
- Cats
- Dogs
- Horses
- Others
Veterinary Antimicrobial Susceptibility Testing Product Outlook
(Revenue, USD Million, 2016 - 2028)
- Disks & Plates
- Culture Media
- Accessories & Consumables
- Automated AST Instruments
Veterinary Antimicrobial Susceptibility Testing End-use
Outlook (Revenue, USD Million, 2016 - 2028)
- Veterinary Reference Lab
- Veterinary Research Institutes
- Others
Veterinary Antimicrobial Susceptibility Testing Regional
Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
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
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