Antibiotic Residue Test Kits Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Published on : Feb-2018 | List of Tables : 89 | List of Figures : 69 | No. of Pages : 170 | Report Code : FACT496MR |

Advancements in antibiotic residue diagnostics have extended their use of test kits to detect the presence of such residue in food originating from animals. The adoption of antibiotic residue test kits is gaining considerable traction as a food safety measure. Consumers are preferring products that have cleared the antibiotic residue tests, considering the role of these kits in ensuring that the food contains the essential antibiotic elements. Over the years, antibiotic residue test kits have evolved from simple diagnostic kits to multi-disciplinary tests that have incurred distinguished developments in terms of detecting the residues.

global antibiotic residue test kits market

According to Fact.MR’s latest forecast study, the global market for antibiotic residue test kits is pegged to expand robustly in the near future. Key findings from the report reveal that the global antibiotic residue test kits market will witness an expansion at 6.2% CAGR in terms of value over the forecast period, 2017-2026. The report further estimates that by the end of 2026, approximately US$ 295 Mn worth of antibiotic residue test kits will be sold worldwide.

Market Taxonomy

Region

Test Type

End User

North America

Beta-lactams

Food and Beverage Industry

Latin America

Macrolides

Veterinary

Europe

Tetracyline

Independent Laboratory

Japan

Aminoglycosides

Other Applications

APEJ

Amphenicols

 

MEA

Siulfonamides

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
High Demand for Beta-lactams to Account for One-third Share of Global Market Value through 2026

The report reveals that during the forecast period, beta-lactams tests will be predominantly used in detecting antibiotics residues in foods and beverages. By the end of 2026, nearly 33% of the overall global antibiotic residue test kits market revenues will be procured from the sales of beta-lactams test kits. The report also observes a surging adoption of tetracycline tests, and the sales of these kits are pegged to bring in more than US$ 50 Mn by the end of 2026. The report further projects that sulfonamide tests will register fastest revenue growth over the forecast period, reflecting a value CAGR of 7.1%.

Food & Beverage Industry End-use to Translate High Revenue Growth

In 2018 and beyond, antibiotic residue test kits will be predominantly used in the food and beverage industry. A range of antibiotic residue test kits are being used for ensuring safety of milk and other dairy products. Their use in inhibiting the growth of microorganisms through anti-infection principles will further extend their end-use in the global production of food items and beverages. By the end of 2026, the end-use of antibiotic residue test kits in global food & beverage industry will bring in revenues worth over US$ 196 Mn. The report also reveals that the veterinary end-use of antibiotic residue test kits will register fastest revenue growth at an estimated 6.7% CAGR over the forecast period.

Competition Tracking

Leading companies partaking in the development of antibiotic residue test kits have been profiled in this report. Companies namely, Thermo Fischer Scientific, DSM, Charm Sciences, Perkin Elmer (BioScientific Corp), Labtek Services Ltd., NEOGEN Food Safety, IDEXX Labs, R-Biopharm, Eurofins and Sciex are expected to instrument the global production of antibiotic residue test kits during the forecast period. Incorporating advancements in the field of antibiotic residue diagnostics will be prioritized by these market players. Moreover, several players in the global antibiotic residue test kits market will be eyeing at introducing multi-purpose kits in the near future.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

Simple diagnostic kits are widely and frequently used to detect antibiotics residues in food of animal origin. Improvements in antibiotics residue diagnostics has extended the accuracy of these tests in inspect raw milk or unprocessed meat at the arrival phase. In the upcoming years, antibiotic residue test kits will be witnessing a considerable traction in terms of adoption, particularly due to distinguished developments towards improving the diagnostic efficacy. This Fact.MR report analyzes the expansion of global antibiotic residue test kits market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.

Scope

The scope of Fact.MR’s report is to analyze the global antibiotic residue test kits market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global antibiotic residue test kits market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to antibiotic residue test kits.

Summary

The report commences with a brief information of the global antibiotic residue test kits market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global antibiotic residue test kits market.

Overview

The next section offers an overview of the global antibiotic residue test kits market. This comprises an introduction to the market, along with a standard definition of the product – antibiotic residue test kits. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global antibiotic residue test kits market, the report provides updates about market opportunities, which can benefit leading manufacturers of antibiotic residue test kits. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for antibiotic residue test kits manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.

The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of global antibiotic residue test kits market. Type of test, its end-user and region are key segments that define the growth of the global market for antibiotic residue test kits. In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.

The report’s last section comprises of the global antibiotic residue test kits market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global antibiotic residue test kits market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Antibiotic Residue Test Kits Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026