Top Key Players in the Antimicrobial Susceptibility Testing Market
Dickinson and Company (US) , bioMérieux (France) and Becton are the Key Players in the Antimicrobial Susceptibility Testing Market.
Factors such as rising prevelance of infectious diseases, emergence of multidrug-resistance are driving the growth of the antimicrobial susceptibility testing market.Furthermore, technological advancements in rapid antimicrobial susceptibility testing methods and increased funding, research grants and public-private investmants are further increasing the demand for antimicrobial susceptibility testing products, thereby driving the growth of the market.
"The global antimicrobial susceptibility testing market is expected to grow at a CAGR of 5.1% between 2017 and 2022."
Becton, Dickinson and Company (US) held the second position in the antimicrobial susceptibility testing market in 2016.
The company operates through two business segments, namely, BD Medical (Medication and Procedural Solutions, Medication Management Solutions, Diabetes Care, Pharmaceutical Systems, and Respiratory Solutions) and BD Life Sciences (Diagnostic Systems, Biosciences, and Preanalytical Systems). The company is focused on innovations and improving the quality of its products with increased investment in its R&D department, The R&D expenditure of the company increased from 6.1% in 2015 to 6.6% in 2016
bioMérieux (France) held the leading position in the global antimicrobial susceptibility testing market in 2016.
The company offers a comprehensive range of solutions for microbial identification and susceptibility testing. bioMérieux has a broad and balanced geographic footprint, through its strong distribution network of 42 subsidiaries and about 20 R&D centers, which maximizes marketing opportunities for its products. The company is focused on high investment in R&D which is leading to the launch of new and technologically improved products.
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