Global Veterinary Antimicrobial Susceptibility Testing Market (2021 to 2026) – Growth in the Companion Animal Population Presents Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–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.

Market Dynamics

Drivers

• Growing Threat of Antimicrobial Resistance Due to Overuse of Antibiotics
• Rising Demand for Animal-Derived Food Products
• Growing Prevalence of Zoonotic Diseases
• Rising Demand for Pet Insurance and Growing Animal Health Expenditure
• Growing Number of Veterinary Practitioners & Their Rising Income Levels in Developed Economies

Restraints

• High Cost of Automated Veterinary Antimicrobial Susceptibility Testing Systems
• Rising Pet Care Costs

Opportunities

• Rising Focus on Veterinary Antimicrobial Susceptibility Testing in Emerging Markets Due to Supportive Government Initiatives
• Growth in the Companion Animal Population

Challenges

• Low Awareness About Antimicrobial Resistance in Veterinarians and Livestock Farmers
• Limited Guidelines for Interpretation of Veterinary Antimicrobial Susceptibility Test Results
• Shortage of Veterinary Practitioners and Skilled Veterinary Pathologists in Developing Markets

Companies Mentioned

• Becton, Dickinson and Company
• Bio-Rad Laboratories, Inc.
• Bioguard Corporation
• Biomerieux Sa.
• Bruker Corporation
• Condalab
• Cornell University (Animal Health Diagnostic Center)
• Danaher Corporation
• Fastinov Sa
• Hardy Diagnostics
• Himedia Laboratories
• Idexx Reference Laboratories
• Iowa State University (Veterinary Diagnostic Laboratory)
• Liofilchem Srl.
• Mast Group Ltd.
• Neogen Corporation
• Ssi Diagnostica A/S
• Synbiosis
• Thermo Fisher Scientific Inc.
• University of Minnesota (Veterinary Diagnostic Laboratory)

For more information about this report visit https://www.researchandmarkets.com/r/f0cgzh

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