Rising government initiatives regarding the development of quality hospital infrastructure, on a global level, and surging susceptibility to infectious diseases, are projected to complement the demand for antimicrobial susceptibility tests in diagnostic laboratories and hospitals during the forecast period (2020-2025).
Rockville, United States – December 2, 2019 —
Fact.MR has recently published a new report study which stresses on highlighting the imperative status of antimicrobial susceptibility test in the global medical sector. This assessment is titled “Antimicrobial Susceptibility Test Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2020 to 2025”, which details about the opportunities for players active in the antimicrobial susceptibility test market, which is set to ascend due to increasing public-private partnerships prevalent in the healthcare sector. Such partnerships are projected to inspire the free flow of finance towards the development of effective products. According to research findings, the antimicrobial susceptibility test market is anticipated to record 6.5% Y-o-Y growth rate in 2020, as compared to 2019.
The study discloses gripping insights on the antimicrobial susceptibility test market based on product (kits, reagents & consumables, culture media and automated test systems), method (rapid automated method, broth dilution method, disk diffusion method, molecular testing method and gradient diffusion method), test (antibacterial, antiparasitic, and antifungal), end user (diagnostic laboratories and hospitals, pharmaceutical and biotechnology companies, research and academic institutes and contract research organizations) and application (clinical diagnosis, drug discovery and development, and others) across five vital regions. Each of these segments are examined in terms of market value forecast and market attractiveness, thereby, enlightening readers about the future scenarios likely to occur in the global antimicrobial susceptibility test market.
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Online Sales Channel Likely to Assure Greater Revenue
The online purchase of antimicrobial susceptibility test kits is expected to progress as a significant trend in the near future, according to Fact.MR. It is an encouraging route for numerous vendors in order to enhance their online brand recognition value via operative marketing efforts as well as promotional strategies. Furthermore, the emergence of such channels would also convert into reduced costs, thereby, attracting more buyers in the long run. The report highlights that with the implementation of active online marketing techniques, manufacturers can also generate awareness associated to key features of their products, which would further lift the sales projections of antimicrobial susceptibility test products.
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Higher Traction for Advanced Antimicrobial Susceptibility Tests Anticipated To Lift Market Growth
As per report insights, introduction of advanced antimicrobial susceptibility tests, which present results in around 2 hours, specifies the standards for improved patient outcomes. For example, FASTinov publicized the launch of a rapid antimicrobial susceptibility test that is established on flow cytometry, in order to offer clinically-implementable results in as little as two hours. These advancements are expected to stimulate the development of operative test products.
Heightened R&D Investments Limit Market Opportunities to Prominent Players
As noticed in the antimicrobial susceptibility market, low return on investment lingers as a crucial challenge for manufacturers. In contrast to therapeutics utilized to treat chronic illnesses, antimicrobial drugs are recommended for a limited time. However, capital consumed during the development & marketing phases fall behind the desired returns with the restricted consumption of drugs. In addition, greater investment capacities in research & development activities would offer chief players in the antimicrobial susceptibility test market a higher ground over regional and local competitors.
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