Veterinary Antimicrobial Susceptibility Testing Market Trends, Analysis and Forecasts to 2028
Veterinary Antimicrobial Susceptibility Testing Industry Overview The global veterinary antimicrobial susceptibility testing market size was valued at USD 35.73 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028. The growing government initiatives and stringent regulatory guidelines are expected to propel the market growth over the forecast period. For instance, in 2022, new EU legislation will prohibit the use of all types of routine antibiotic usage of antibiotics in farming. The COVID-19 pandemic has had a very low impact on the market. However, the demand for antimicrobial susceptibility testing kits has been drastically lowered due to the reduced vet visits during the lockdown. The demand for animal protein and livestock products has also reduced during the first two quarters of 2020. The market showed a V-shaped recovery and vet visits became redeemed, which is bolstering the growth. According to IDEXX, the U.S. clin...