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Veterinary Antimicrobial Susceptibility Testing Market: Overview

The rising threat of antimicrobial resistance on the back of antibiotics overuse and the expanding demand for animal-derived products will set the stage of growth for the veterinary antimicrobial susceptibility testing market during the forecast period of 2021-2031. In addition, the rising disposable income in developed economies and the growing spend on animal health expenditure will bring exponential growth for the veterinary antimicrobial susceptibility testing market.

Veterinary antimicrobial susceptibility testing is a good tool for the veterinarians to choose the appropriate agent for treating bacterial diseases in animals. These tools enable the veterinarians to treat animal diseases more effectively, protecting the welfare of the animals. Thus, the associated advantages bring considerable growth prospects for the veterinary antimicrobial susceptibility testing market.

On the basis of product, the veterinary antimicrobial susceptibility testing market can be segmented into automated AST instruments, disks and plates, culture media, and accessories and consumables. Veterinary reference labs, veterinary research institutes, and others are some prominent end-user industries of veterinary antimicrobial susceptibility testing market. The types of animals checked through veterinary antimicrobial susceptibility testing methods are cattle, poultry, pigs, cats, dogs, horses, and others.

Transparency Market Research (TMR) has obtained considerable information on the overall growth trajectory of the veterinary antimicrobial susceptibility testing market. The upcoming report on the veterinary antimicrobial susceptibility testing market gives a detailed insight about diverse growth aspects. Furthermore, the COVID-19 impact is also included in the report.

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TMR W.I.N Approach

The W.I.N (Wholesome Competitive Insights. Important Trends. Noteworthy Regions.) Approach makes TMR one of the best research companies in the industry. This approach assures on-point information to the stakeholders and the CXOs.

Veterinary Antimicrobial Susceptibility Testing Market: Wholesome Competitive Insights

The veterinary antimicrobial susceptibility testing market has numerous players in the fray. The players compete with each other and try to establish their supremacy over the global market. New testing methods and addition of features are important factors that can boost the growth prospects of the veterinary antimicrobial susceptibility testing market. The players indulge in these aspects through research and development activities. Such activities help in developing insights and create new features accordingly.

Mergers, acquisitions, joint ventures, and partnerships also play a crucial role in the growth of the veterinary antimicrobial susceptibility testing market. These activities help in strengthening the influence of the players, eventually increasing the growth rate of the veterinary antimicrobial susceptibility testing market.

Some well-entrenched players in the veterinary antimicrobial susceptibility testing market are HiMedia Laboratories, Becton Dickinson and Company, Liofilchem S.r.l., Danaher Corporation, Neogen Corporation, Synbiosis, Thermo Fisher Scientific, Bioguard Corporation, Bio-Rad Laboratories, and Condalab.

Veterinary Antimicrobial Susceptibility Testing Market: Important Trends

Rising Prevalence of Zoonotic Diseases to Boost Growth Prospects

The prevalence of zoonotic diseases is increasing at a rapid pace around the world. Veterinary antimicrobial susceptibility testing can be used in helping medical practitioners identify the right dosage choice for reducing the spread of such diseases. Thus, these factors set the stage for the growth of the veterinary antimicrobial susceptibility testing market.

Growing Concerns about Antimicrobial Resistance Due to Antibiotic Overuse to Bring Considerable Growth

The concerns regarding the use of antimicrobials as growth promoters are huge around the world. The World Health Organization (WHO) states that nearly 80% of all antibiotics in the world are used in livestock. This aspect results in the overuse of antimicrobials. However, the risk of antimicrobial resistance (AMR), can lead to serious economic and clinical implications. Thus, veterinary antimicrobial susceptibility testing measures are used for testing the antimicrobial susceptibility, eventually adding value to the growth structure.

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Veterinary Antimicrobial Susceptibility Testing Market: Noteworthy Regions

The veterinary antimicrobial susceptibility testing market in Asia Pacific is anticipated to observe a dominating stance during the forecast period of 2021-2031. The presence of a massive livestock population in various countries, especially India will bring considerable growth opportunities. Furthermore, the high cattle populace in India and China will also assure good growth opportunities for the veterinary antimicrobial susceptibility testing market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Veterinary Antimicrobial Susceptibility Testing Market