Major Growth Driving Factors:

The antimicrobial susceptibility testing (AST) market is expanding due to a number of causes, including the increased frequency of infectious diseases, the high level of antibiotic resistance, and the government’s supportive efforts to reduce the burden of infectious diseases. Antibiotic resistance testing is becoming more common as a result of an increase in certain ailments, including bloodstream infections and pneumonia caused by K. pneumonia, P. aeruginosa, and E. coli, among others.

Future Revenue Growth Prospects:

The size of global antimicrobial susceptibility testing market in terms of revenue was estimated to be worth $3.6 billion in 2022 and is poised to reach $4.7 billion by 2027, growing at a CAGR of 5.5% from 2022 to 2027.

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Market Estimation Methodology:

The revenue share analysis of the top competitors in the antimicrobial susceptibility testing market was used to determine the market size in this study. In order to achieve this, major market participants were identified, and their earnings from the medical aesthetics industry were calculated using a variety of insights obtained throughout the main and secondary research stages. Examining the annual and financial reports of the leading market participants was one aspect of secondary research. On the other hand, in-depth interviews with significant thought leaders, including directors, CEOs, and important marketing executives, were a part of the primary study.

To calculate the global market value, segmental revenues were calculated based on the revenue mapping of major solution/service providers. This process involved the following steps:

# Generating a list of major global players operating in the microcatheter market.
# Mapping annual revenues generated by major global players from the product segment (or nearest reported business unit/product category)
# Revenue mapping of major players to cover major share of the global market share, as of 2021
# Extrapolating the global value of the automated antimicrobial susceptibility testing market

Data Triangulation:

The antimicrobial susceptibility testing market was divided into segments and subsegments after the overall market size was determined using the previously described market size estimation process. Procedures for data triangulation and market breakdown were used to finish the entire market engineering process and determine precise statistics for each segment and subsegment. By examining numerous variables and trends from the supply and demand sides, data was triangulated.

Additionally, both top-down and bottom-up methods were used to validate the antimicrobial susceptibility testing market. The market was divided into segments and sub-segments once the overall market size was determined using the previously described market size estimation process. To finish the entire market engineering process and determine the precise statistics for each sector and subsegment, techniques such as data triangulation and market breakdown were used.

Opportunity: Growth opportunities in emerging market

Emerging countries such as APAC, India, China and Japan present significant opportunities for players operating in the Antimicrobial susceptibility testing market. The demand for Antimicrobial susceptibility testing market in these countries is increasing owing to rapid growth in medical tourism, the growing adult (aged 20 and above) population, increasing drug abuse. These countries are also home to a strong and qualified workforce and have a great knowledge of advance technologies. Furthermore, these countries have lenient policies for imports/exports and are underpenetrated in most aspects, which could help companies in brand development. Increasing developing technicians and the keen to know about new technologies is helping the regions to grow and update their technologies.

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