Global Veterinary Antimicrobial Susceptibility Testing Market by Animal Type (Livestock Animals, Companion Animals) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global veterinary antimicrobial susceptibility test market was valued at USD 35.73 Billion in 2020. It is projected to grow at a compound annual rate (CAGR of 5.1%) between 2021 and 2028. Market growth is expected to be driven by the increasing government initiatives and strict regulatory guidelines. In 2022, for example, all routine antibiotic use in agriculture will be prohibited by new EU legislation. The market has not been affected by the COVID-19 pandemic. The lockdown has resulted in a drastic drop in demand for antimicrobial susceptibility test kits. In the first quarter of 2020, there was a decrease in demand for livestock protein and animal products. Market recovery was a V-shaped one and vet visits were redeemed which has boosted the growth. According to IDEXX the U.S. clinic visits increased by 6% in Q4 2020. This is expected to drive the revenue growth for the forecast period.

The OECD predicts that the number of antimicrobials in food animals will rise from 63,151 to 105, 596 tons globally by 2030. For 1 kg beef, approximately 45mg antimicrobials is required. For 1 kg of chicken, there are 148mg antimicrobials. China, India, Brazil and Germany are the top five consumers of antimicrobials. In the U.S. for instance, about 80% of the annual antimicrobials consumption was for food animals in 2019.

Globally, the livestock population has been growing rapidly. Both developed and developing countries are seeing an increase in demand for livestock products. Concerns about the safety and health of livestock have increased. The United States Department of Agriculture's National Agricultural Statistics Service reported that as of January 2021 the US had 93,594,500 cattle and calves and 31,157,600 beef cows. Consumers are more aware of the nutritional value of animal protein due to rising urbanization. A growing demand is for high-quality, sustainable and healthy meat products. This includes those that contain comparatively few, if any, antibiotics. This has led to an increase in demand for antimicrobial susceptibility tests (AST).

Information on Animal Types

In 2020, livestock animals (also known as production animals) accounted for the largest percentage of 64.0%. This is due to the increasing consumption of animal protein and strict regulations concerning the use of antibiotics in animals. According to the ministry bulletin, China's agricultural sector has seen its antibiotic consumption drop by approximately 58% between 2014 and 2019. The Netherlands has seen a decrease in antibiotic usage of around 56% over the past five years. For growth promotion, antibiotics are the most commonly used by farmers.

Over the forecast period, there will be significant growth in the companion animal segment. Increasing pet ownership is driving vaccinations for companion animals. According to the Pet Food Manufacturers Association (PFA), 41% of U.K. households will own a pet by 2020. This accounts for 12 million pets. According to the Canadian Veterinary Medical Association (CVA), there were 8.1 million and 7.7 millions households with dogs and cats, respectively, in 2020. The most common antimicrobials used in companion animals are amoxicillin-clavulanate. Human resistance is spreading rapidly through pets and cats, increasing demand for antimicrobial susceptibility testing.

Product Insights

In 2020, the highest revenue share was held by automated AST instruments at 41.0%. These instruments are more widely used and have a higher cost than other methods, which is why the growth has been so rapid. These instruments also have a faster turnaround time and faster time for identification which has accelerated the growth. These instruments use advanced computer software to identify susceptibility patterns in each organism and provide error-free results.

Most commonly, disks are used in AST laboratories. To determine sensitivity, small discs are infused with specific amounts of anti-biotics. This method is both time-consuming as well as qualitative. This method is very popular because of its simplicity and cost. Other methods include antimicrobial gradient, intrinsic resistance and acquired resistance.

End-use Insights

Due to the high number of samples being tested under their facilities, veterinary reference labs had the highest revenue share at over 55.0% in 2020. These labs use the most current diagnostic kits on the market to assist pet owners, farmers, government-related programs and research collaborations. Antimicrobial susceptibility testing (ASTs), which can give essential information about the best antimicrobials to use for a particular treatment, are available. This will result in a reduction of antimicrobial agent levels in animals.

Over the forecast period, the veterinary research institutes sector is expected to experience lucrative growth. Research institutes and universities are seeing a rise in pet adoption and increased healthcare spending. These tests are developed and used mainly by research institutes. These institutes are responsible for the identification, deployment, and subsequent development of new diagnostic techniques and procedures. They also monitor and control over-use of antibiotics.

Regional Insights

Asia Pacific accounted for the largest percentage of the global market, with 33.0%. This is due to its large livestock population. This region is seeing a rise in demand for milk, animal-based protein, and government initiatives. The market is also being driven by increasing adoption of pets, rising health concerns and increased use of antibiotics in animals. The region's high cattle population is also a factor in its market growth. China and India, for example, account for more than 30% of global cattle population.

Due to the presence major industry players, North America occupied the second-largest market share in 2020. The FDA states that antibiotics were banned in the United States in 2017. In addition, the Food Safety and Inspection Service of the USDA (FSIS), monitors the elimination of antibiotics from animals prior to slaughtering. The market is expected to grow because of the expansion of animal healthcare centers. According to the AVMA report in 2019, the country had 116,091 veterinary professionals. However, this number has increased to 118 624 in 2020.

Market Share Insights & Key Companies

There are many small and large players in the market. To achieve their goals and increase market share, these players use a variety of strategic initiatives. Key companies have a variety of initiatives, including new product launches, regional expansions, partnerships and mergers & Acquisitions. In order to assist low- and middle-income countries with antimicrobial resistance, Becton, Dickinson and Company formed a partnership with the Fleming Fund. Synbiosis introduced AutoCol in September 2019. This automated colony counting system would count up to 100 colonies on 100 plates in 30 minutes. The following are some of the major players in the global market for veterinary antimicrobial susceptibility test.

• BioMerieux 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

Up Market Research published a new report titled “Veterinary Antimicrobial Susceptibility Testing Market research report which is segmented by Animal Type (Livestock Animals, Companion Animals), By Players/Companies Thermo Fisher Scientific, Bio-Rad Laboratories, Liofilchem Srl, Danaher Corporation, Synbiosis, Bioguard Corporation, BioM©rieux SA , Neogen Corporation, Becton Dickinson and Company, HiMedia Laboratories, Condalab, Bruker Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Veterinary Antimicrobial Susceptibility Testing Market Report Segments:

The market is segmented by Animal Type (Livestock Animals, Companion Animals).

Veterinary Antimicrobial Susceptibility Testing Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Veterinary Antimicrobial Susceptibility Testing Market

Overview of the regional outlook of the Veterinary Antimicrobial Susceptibility Testing Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Veterinary Antimicrobial Susceptibility Testing Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Veterinary Antimicrobial Susceptibility Testing Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Livestock Animals

                2. Companion Animals

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Veterinary Antimicrobial Susceptibility Testing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Veterinary Antimicrobial Susceptibility Testing Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.