2017 to 2026 Antibiotic Residue Test Kits Market Predicted to Expand Remarkably in Coming Years

Dublin, Ireland, 2018-Jul-30 — 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 large traction in terms of adoption, mainly due to illustrious developments towards improving the diagnostic efficacy. This FactMR 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.

The scope of FactMR’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.

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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.

According to FactMR’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.

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%.

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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.

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

Continued………………………………..

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