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Written by Kumar Satyam » Updated on: July 22nd, 2024
Industry Key Highlights
According to the TechSci Research report, “Veterinary Antimicrobial Susceptibility Testing Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F,” the Global Veterinary Antimicrobial Susceptibility Testing Market was valued at USD 39.73 billion in 2023 and is projected to grow at a CAGR of 5.79% through 2029. This growth is driven by the increasing demand for companion animals, the rise in livestock population, and the emerging trends in veterinary care and diagnostics.
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How Does Regulatory Scenario Shape this Industry?
The regulatory framework plays a pivotal role in shaping the veterinary antimicrobial susceptibility testing (AST) market. Regulatory bodies such as the American Veterinary Medical Association (AVMA) and the Food and Agriculture Organization of the United Nations (FAO) establish guidelines and standards to ensure the effective and responsible use of antimicrobial agents. These regulations aim to promote antimicrobial stewardship, reduce antimicrobial resistance (AMR), and enhance patient outcomes. For instance, the AVMA's guidelines help veterinary professionals make informed decisions about antimicrobial use in various animals, while FAO's training programs in countries like Mongolia enhance the capabilities of veterinary laboratory analysts.
Top 10 Companies in the Veterinary AST Market
Top Segments in the Veterinary AST Market
The global veterinary antimicrobial susceptibility testing market is segmented based on animal type, product, end-use, regional distribution, and company.
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Emerging Trends in the Veterinary AST Market
Several emerging trends are shaping the future of the veterinary AST market.
Digitalization and Automation
The integration of digital technologies and automation in veterinary diagnostics is transforming the AST landscape. Automated systems and digital platforms enhance the accuracy and efficiency of susceptibility testing, allowing for rapid and precise results. These advancements facilitate better decision-making and improve patient outcomes.
Personalized Veterinary Care
As pet owners increasingly prioritize the health and well-being of their furry companions, personalized veterinary care is gaining traction. This trend involves tailoring treatments and diagnostic services, including AST, to the specific needs of individual animals. Personalized care ensures targeted and effective antimicrobial therapy, reducing the risk of treatment failure and resistance development.
Expansion of Veterinary Reference Labs
Veterinary reference labs are expanding their capabilities to offer a broader range of diagnostic services, including AST. These labs serve as centralized hubs for diagnostic testing, catering to the needs of veterinary clinics, hospitals, research institutions, and livestock producers. Their specialized focus and comprehensive capabilities make them well-suited for conducting large-scale AST and offering diverse testing options.
Drivers of the Veterinary AST Market
Increasing Demand for Companion Animals
The growing population of companion animals is a significant driver of the veterinary AST market. As more people welcome pets into their homes, the need for comprehensive veterinary care, including diagnostic services like AST, becomes paramount. Pet owners are more aware of the risks associated with antimicrobial resistance and are willing to invest in treatments that are tailored to their pets' specific needs.
Rising Livestock Population
The rise in livestock population is promoting market growth for veterinary AST. As livestock production intensifies to meet the growing demand for animal-derived products, the risk of infectious diseases and antimicrobial resistance escalates. This necessitates the implementation of AST to ensure effective disease management and antimicrobial stewardship practices.
Regulatory Initiatives and Training Programs
Regulatory initiatives and training programs play a crucial role in promoting the adoption of AST. For instance, the FAO's training sessions for veterinary laboratory analysts in Mongolia aim to create a competent workforce for detecting antibiotic residues and antimicrobial resistance. Such programs enhance the capabilities of veterinary professionals and promote the effective use of antimicrobial agents.
Competitive Analysis
The veterinary AST market is characterized by intense competition among major players, each striving to enhance their market position through innovation, strategic partnerships, and acquisitions. Companies are investing in research and development to introduce advanced diagnostic solutions and improve existing products. For example, in August 2022, Becton, Dickinson and Company partnered with Accelerate Diagnostics to globally distribute Accelerate's rapid antibiotic resistance and susceptibility testing solution, providing results within hours.
Future Outlook
The future outlook for the global veterinary antimicrobial susceptibility testing market is promising, with significant growth opportunities driven by the increasing demand for companion animals, rising livestock population, and emerging trends in veterinary diagnostics. The market is expected to witness continuous advancements in diagnostic technologies, regulatory initiatives promoting antimicrobial stewardship, and the expansion of veterinary reference labs.
10 Benefits of the Research Report
The global veterinary antimicrobial susceptibility testing market is poised for significant growth, driven by the increasing demand for companion animals, rising livestock population, and emerging trends in veterinary diagnostics. The regulatory framework and training programs play a crucial role in promoting the adoption of AST and enhancing the capabilities of veterinary professionals. Major companies are competing intensely, investing in research and development to introduce advanced diagnostic solutions and improve existing products. The future outlook for the market is promising, with continuous advancements in diagnostic technologies and regulatory initiatives promoting antimicrobial stewardship.
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“The Global Veterinary Antimicrobial Susceptibility Testing Market is poised for significant growth in the coming years. The livestock sector is experiencing growth due to the rising demand for animal protein, making the health of livestock through effective antimicrobial use critical, thereby increasing the demand for AST in farm animals. Stricter regulations and guidelines from veterinary and public health authorities are driving the adoption of more rigorous testing protocols. Governments and organizations such as the World Health Organization (WHO) and the World Organisation for Animal Health (OIE) are advocating for standardized antimicrobial susceptibility testing (AST) practices to control antimicrobial use in animals”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Veterinary Antimicrobial Susceptibility Testing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Animal Type (Livestock Animals, Companion Animals), By Product (Disks & Plates, Culture Media, Accessories & Consumables, Automated AST Instruments), By End Use (Veterinary Reference Lab, Veterinary Research Institutes, Others), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Veterinary Antimicrobial Susceptibility Testing Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Veterinary Antimicrobial Susceptibility Testing Market.
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