Product ID: UCMIG35A2309
Veterinary Antimicrobial Susceptibility Testing Market Size, Share, Growth Analysis, By Animal Type(Livestock Animals, Cattle), By Product(Disks & Plates, Culture Media), By End-use(Veterinary Reference Lab, Veterinary Research Institutes), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG35A2309 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Veterinary Antimicrobial Susceptibility Testing Market Insights
Market Overview:
The global market size for veterinary antimicrobial susceptibility testing was valued at USD 35.73 billion in 2020 and is projected to grow at a CAGR of 5.1% from 2021 to 2028. The market is expected to be driven by increasing government initiatives and stringent regulatory guidelines aimed at promoting responsible use of antibiotics in veterinary practices. For instance, new EU legislation set to be implemented in 2022 will prohibit the routine use of antibiotics in farming, which is expected to fuel the demand for antimicrobial susceptibility testing in the veterinary sector during the forecast period.
Veterinary Antimicrobial Susceptibility Testing Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Veterinary Antimicrobial Susceptibility Testing Market Report Snapshots
- Veterinary Antimicrobial Susceptibility Testing Companies
- Veterinary Antimicrobial Susceptibility Testing Market Size
- Veterinary Antimicrobial Susceptibility Testing Market Analysis
- Veterinary Antimicrobial Susceptibility Testing Geographic Analysis
- Veterinary Antimicrobial Susceptibility Testing Market News
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