Veterinary Antimicrobial Susceptibility Testing Market to Hit $62.78 Billion By 2030

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The global Veterinary Antimicrobial Susceptibility Testing market size is expected to be worth around US$ 62.78 billion by 2030, according to a new report by Vision Research Reports.

The global Veterinary Antimicrobial Susceptibility Testing market size was valued at US$ 45.73 billion in 2020 and is anticipated to grow at a CAGR of 10.1% during forecast period 2021 to 2030.

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Report Coverage

Report Details
Market Size US$ 62.78 billion by 2030
Growth Rate CAGR of 10.1% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Animal type, Product, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned BioMérieux SA; Becton, Dickinson and Company; Synbiosis; Thermo Fisher Scientific; Bruker Corporation; Danaher Corporation; Condalab; Bioguard Corporation; LiofilchemS.r.l.; HiMedia Laboratories; Bio-Rad Laboratories; Neogen Corporation

Growth Factors

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. 

Report Highlights

Livestock animals, also known as production animals, held the largest share of over 64.0% in 2020. This can be attributed to the growing consumption of animal proteins and stringent regulations regarding the usage of antibiotics in food animals.

Automated AST instruments held the largest revenue share of over 41.0% in 2020. The growth can be attributed to the increasing adoption of these instruments and their higher cost as compared to other methods. Moreover, these instruments have improved the turnaround time and time of identification, which is propelling the growth. The instruments have advanced computer software to interpret susceptibility patterns for each organism and give error-free results.

Veterinary reference labs held the largest revenue share of over 55.0% in 2020 owing to the most number of testing of samples done under these facilities. These laboratories use diagnostic kits available in the market to serve pet owners, farm owners, government-related programs, or research collaborations.

Asia Pacific held the largest share of over 33.0% in 2020 owing to the presence of a large livestock population in this region. Increasing demand for milk and animal-based protein and government initiatives are propelling the market growth in this region.

Key Players

  • 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

Market Segmentation

  • Animal Type
    • Livestock Animals
      • Cattle
      • Poultry
      • Pigs
      • Others
    • Companion Animals
      • Cats
      • Dogs
      • Horses
      • Others
  • Product
    • Disks & Plates
    • Culture Media
    • Accessories & Consumables
    • Automated AST Instruments
  • End-use
    • Veterinary Reference Lab
    • Veterinary Research Institutes
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • MEA
      • South Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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