Veterinary Antimicrobial Susceptibility Testing Market: Overview
The rising threat of antimicrobial resistance on the back of antibiotics overuse and the expanding demand for animal-derived products will set the stage of growth for the veterinary antimicrobial susceptibility testing market during the forecast period of 2021-2031. In addition, the rising disposable income in developed economies and the growing spend on animal health expenditure will bring exponential growth for the veterinary antimicrobial susceptibility testing market.
Veterinary antimicrobial susceptibility testing is a good tool for the veterinarians to choose the appropriate agent for treating bacterial diseases in animals. These tools enable the veterinarians to treat animal diseases more effectively, protecting the welfare of the animals. Thus, the associated advantages bring considerable growth prospects for the veterinary antimicrobial susceptibility testing market.
On the basis of product, the veterinary antimicrobial susceptibility testing market can be segmented into automated AST instruments, disks and plates, culture media, and accessories and consumables. Veterinary reference labs, veterinary research institutes, and others are some prominent end-user industries of veterinary antimicrobial susceptibility testing market. The types of animals checked through veterinary antimicrobial susceptibility testing methods are cattle, poultry, pigs, cats, dogs, horses, and others.
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Transparency Market Research (TMR) has obtained considerable information on the overall growth trajectory of the veterinary antimicrobial susceptibility testing market. The upcoming report on the veterinary antimicrobial susceptibility testing market gives a detailed insight about diverse growth aspects. Furthermore, the COVID-19 impact is also included in the report.
TMR W.I.N Approach
The W.I.N (Wholesome Competitive Insights. Important Trends. Noteworthy Regions.) Approach makes TMR one of the best research companies in the industry. This approach assures on-point information to the stakeholders and the CXOs.
Veterinary Antimicrobial Susceptibility Testing Market: Wholesome Competitive Insights
The veterinary antimicrobial susceptibility testing market has numerous players in the fray. The players compete with each other and try to establish their supremacy over the global market. New testing methods and addition of features are important factors that can boost the growth prospects of the veterinary antimicrobial susceptibility testing market. The players indulge in these aspects through research and development activities. Such activities help in developing insights and create new features accordingly.
Mergers, acquisitions, joint ventures, and partnerships also play a crucial role in the growth of the veterinary antimicrobial susceptibility testing market. These activities help in strengthening the influence of the players, eventually increasing the growth rate of the veterinary antimicrobial susceptibility testing market.
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Some well-entrenched players in the veterinary antimicrobial susceptibility testing market are HiMedia Laboratories, Becton Dickinson and Company, Liofilchem S.r.l., Danaher Corporation, Neogen Corporation, Synbiosis, Thermo Fisher Scientific, Bioguard Corporation, Bio-Rad Laboratories, and Condalab.
Veterinary Antimicrobial Susceptibility Testing Market: Important Trends
Rising Prevalence of Zoonotic Diseases to Boost Growth Prospects
The prevalence of zoonotic diseases is increasing at a rapid pace around the world. Veterinary antimicrobial susceptibility testing can be used in helping medical practitioners identify the right dosage choice for reducing the spread of such diseases. Thus, these factors set the stage for the growth of the veterinary antimicrobial susceptibility testing market.
Growing Concerns about Antimicrobial Resistance Due to Antibiotic Overuse to Bring Considerable Growth
The concerns regarding the use of antimicrobials as growth promoters are huge around the world. The World Health Organization (WHO) states that nearly 80% of all antibiotics in the world are used in livestock. This aspect results in the overuse of antimicrobials. However, the risk of antimicrobial resistance (AMR), can lead to serious economic and clinical implications. Thus, veterinary antimicrobial susceptibility testing measures are used for testing the antimicrobial susceptibility, eventually adding value to the growth structure.
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Veterinary Antimicrobial Susceptibility Testing Market: Noteworthy Regions
The veterinary antimicrobial susceptibility testing market in Asia Pacific is anticipated to observe a dominating stance during the forecast period of 2021-2031. The presence of a massive livestock population in various countries, especially India will bring considerable growth opportunities. Furthermore, the high cattle populace in India and China will also assure good growth opportunities for the veterinary antimicrobial susceptibility testing market.
