Veterinary Antimicrobial Susceptibility Testing Market Size, Share & Trends Analysis Report By Animal Type (Livestock And Companion Animals Based On Animal Type), Product (Disks & Plates, Culture Media, Accessories & Consumables, And Automated AST Instruments), And End-Use (Veterinary Reference Lab, Veterinary Research Institutes), By Region, And Segment Forecasts, 2024-2031

The Global Veterinary Antimicrobial Susceptibility Testing Market Size is valued at 111.83 million in 2023 and is predicted to reach 181.37 million by the year 2031 at a 6.31% CAGR during the forecast period for 2024-2031.

Government efforts that are expanding and strict regulatory requirements are anticipated to fuel market expansion during the forecasted period. For instance, new EU regulations would outlaw routine antibiotic usage in agriculture starting in 2022. The COVID-19 pandemic's effect on the market has been negligible. Yet, the need for antibiotic susceptibility testing kits has significantly decreased due to fewer veterinary visits during the lockdown. Throughout the first two quarters of 2020, the demand for livestock goods and animal protein has also reduced. Vet visits recovered, and the market displayed a V-shaped recovery, supporting the increase. The U.S. clinic visit rate climbed by 6% in Q4 2020, according to IDEXX, which is anticipated to drive revenue growth during the forecast year. 

The number of antimicrobials used in food animals will rise from 63,151 tonnes to 105,596 tonnes globally by 2030, predicts the OECD. A kilogram of beef requires about 45 milligrams of antimicrobials to produce. Furthermore, 1 kilogram of chicken receives 148 mg of antimicrobials. Accordingly, China, the U.S., Brazil, India, and Germany are the top 5 countries for antimicrobial consumption. For instance, in the United States in 2019, eating animals accounted for over 80% of the annual use of antimicrobials. 

Recent Developments:

• In May 2022, NanoSynex Ltd., a business in which Qualigen recently finalised arrangements to acquire a majority stake, was highlighted at BioMed Israel, according to a statement from Qualigen Therapeutics. The goal of NanoSynex's innovative technology is to six-fold accelerate the turnaround time for antimicrobial susceptibility test findings. 

Competitive Landscape:

Some of the Veterinary Antimicrobial Susceptibility Testing market players are:

• Becton, Dickinson and Company (US)
• Bioguard Corporation
• BioMérieux SA
• Bio-Rad Laboratories
• Bruker Corporation (US)
• Condalab
• Danaher Corporation (US)
• FASTinov (Portugal)
• Hardy Diagnostics (US)
• HiMedia Laboratories (India)
• Liofilchem S.r.l. (Italy)
• Mast Group Ltd. (UK)
• Neogen Corporation (US)
• SSI Diagnostica A/S (Denmark)
• Synbiosis (UK)
• Thermo Fisher Scientific (US) 

Market Segmentation:

The Veterinary Antimicrobial Susceptibility Testing market is segmented by animal type, product, and end-use. The market is segregated into livestock and companion animals based on animal type. The market is segmented by product: Disks & Plates, Culture Media, Accessories & Consumables, and Automated AST Instruments. By end use, the market is segmented as Veterinary Reference Lab, Veterinary Research Institutes, and Others.

Based On Animal Type, The Companion Animals Segment Is Accounted As A Major Contributor In The Veterinary Antimicrobial Susceptibility Testing Market

Over the projection period, the companion animal segment is anticipated to experience significant expansion. The demand for immunizations for companion animals is driven by the rise in pet ownership. The Pet Food Manufacturers Association estimates that 12 million pets will be owned by 41% of households in the United Kingdom by the year 2020. The Canadian Veterinary Medical Association estimates that as of 2020, there were, respectively, 8.1 million and 7.7 million households with cats and dogs. Amoxicillin-clavulanate is the antibacterial drug most frequently prescribed for use in companion animals. Antimicrobial susceptibility testing is in high demand due to the worrisome rise in the transmission of resistance from dogs and cats to people.

Veterinary Reference Labs Segment Witness Growth At A Rapid Rate

Due to the high volume of samples tested at these institutions, veterinary reference labs held the biggest revenue share. To support pet owners, farmers, government-related programmes, or research collaborations, these laboratories use diagnostic kits that are readily available on the market. The antimicrobial susceptibility tests (ASTs) might offer crucial data to choose the best antimicrobials for a particular treatment. Antimicrobial drugs in animals will be used less frequently as a result.

In The Region, The North America Veterinary Antimicrobial Susceptibility Testing Market Holds Significant Revenue Share

Due to the existence of significant industry participants, North America accounted for the second-largest share. According to the FDA, the use of antibiotics to promote farm animal growth was prohibited in the United States as of 2017. The USDA's Food Safety and Inspection Service (FSIS) runs a monitoring programme to ensure that antibiotics are successfully eliminated from animals before slaughter. Also, more veterinarians and animal healthcare facilities are expected to expand the market. For instance, the AVMA report states that there were 116,091 veterinarians in the nation in 2019; however, in 2020, there were 118,624 veterinarians in the nation.

Veterinary Antimicrobial Susceptibility Testing Market Report Scope:

Segmentation of Veterinary Antimicrobial Susceptibility Testing Market-

Veterinary Antimicrobial Susceptibility Testing Market By Animal Type-

• Livestock Animals
• Cattle
• Poultry
• Pigs
• Others
• Companion Animals
• Cats
• Dogs
• Horses
• Others 

Veterinary Antimicrobial Susceptibility Testing Market By Product-

• Disks & Plates
• Culture Media
• Accessories & Consumables
• Automated AST Instruments

Veterinary Antimicrobial Susceptibility Testing Market By End Use-

• Veterinary Reference Lab
• Veterinary Research Institutes
• Others

Veterinary Antimicrobial Susceptibility Testing Market By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa