Global Market for Antibiotic Residue Test Kits Show Rapid Growth: Beta-lactams to Account for One-third Share of Global Market Value through 2026

Rockville, US, 2018-May-04 — /EPR Network/ — A freshly compiled business intelligent report, titled “Antibiotic Residue Test Kits Market Research Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2026” has been publicized to the vast archive of Fact.MR online repository. This 170-page study delivers all the vital details and information required to know about antibiotic residue test kits market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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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.

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Table of Contents:

1. Global Economic Outlook
2. Global Antibiotic Residue Test Kits Market – Executive Summary
   2.1. Global Antibiotic Residue Test Kits Market – Opportunity Analysis
3. Global Antibiotic Residue Test Kits Market Overview
   3.1. Introduction
   3.1.1. Global Antibiotic Residue Test Kits Market Taxonomy
   3.1.2. Global Antibiotic Residue Test Kits Market Definition
   3.2. Global Antibiotic Residue Test Kits Market Size (US$ Mn) and Forecast, 2012-2026
   3.2.1. Global Antibiotic Residue Test Kits Market Y-o-Y Growth
   3.3. Global Antibiotic Residue Test Kits Market Dynamics
   3.4. Supply Chain
   3.5. Cost Structure
   3.6. Test Procedure for Antibiotic Residue Test Kits
   3.7. Recommended MRL for antibiotics in animal products as per Food and Drug Administration (FDA)
   3.8. Antibiotic Residues in Animal Products
   3.9. Investment Feasibility Matrix
   3.10. Patent Analysis
   3.11. Major strategies of Antibiotic Residue Test Kit manufacturers
   3.12. Extraction Solvents used for Antibiotic Residue Analysis
   3.13. PESTL Analysis
   3.14. Porter’s Five Forces Analysis
   3.15. Product Lifecycle
   3.16. List of Distributors
   3.17. Key Participants Market Presence (Intensity Map) By Region

Continued………..

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