veterinary diagnostics market is registering a substantial CAGR of 8.76% in the forecast period of 2020 -2026. Veterinary diagnostics refers to the test which determines the various disorders related to animals. These tests are done by taking feces, blood and tissue samples of animals.
The innovations in the medical field which had been developed for veterinary diagnostics help determine the cause of the disease, so that proper treatment methods can be utilized for its treatment. The methods used in veterinary diagnostics are immunodiagnostics, molecular testing, hematology and clinical chemistry.
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Key Market Competitors:
Few of the major market competitors currently working in the global veterinary diagnostics market are IDEXX, Abaxis, NEOGEN CORPORATION, bioMérieux SA, Randox Laboratories Ltd., QIAGEN, Thermo Fisher Scientific, Heska Corporation, Zoetis, Covetrus, IDvet, Pfizer Inc., Bio-Rad Laboratories Inc., Virbac, Mindray DS USA Inc., VCA Inc., URIT MEDICAL ELECTRONIC CO. LTD., BPC Biosed srl, HORIBA Ltd., FUJIFILM Corporation, Alvedia and ACON Laboratories Inc. among others.
Segmentation: Global Veterinary Diagnostics Market
- By Product (Instruments, Consumables)
- By Technology (Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Hematology, Urinalysis, Others)
- By Animal Type (Companion Animals, Livestock Animals)
- By End User (Reference Laboratories, Veterinary Hospitals and Clinics, Point-of-Care/In-House Testing, Research Institutes & Universities)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis:
Veterinary diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares veterinary diagnostics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers
- The companion animal population has surged which is driving the growth of the market
- The rising prevalence of animal zoonotic diseases is propelling the growth of the market
- Surging demand for animal-derived food products is fueling the growth of the market
- Increasing demand for pet insurance and growing animal health expenditure is boosting the growth of the market
- The number of veterinary practitioners and income levels have increased in the developed economies is contributing to the growth of the market
Market Restraints
- The surging pet care costs is restraining the growth of the market
- The substandard healthcare facilities in low and middle income countries is hampering the growth of the market
Reasons to Purchase this Report
- Current and future of global veterinary diagnostics market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Market Overview : The veterinary diagnostics market is expected to reach USD 4.00 billion by 2023 from USD 2.63 billion in 2018, at a CAGR of 8.8%.
Factors such as growing companion animal population, growing prevalence of animal zoonotic diseases, rising demand for animal-derived food products, rising demand for pet insurance & growing animal health expenditure, and the increasing number of veterinary practitioners and income levels in developed economies are expected to drive the growth of the veterinary diagnostics market.
However, the increasing pet care costs may restrain the growth of the market.
Market By geography The APAC region is projected to grow at the highest CAGR during the forecast period.
Factors such as the rapidly increasing animal population, growing adoption of veterinary diagnostic products, and rising demand for animal-derived food products are driving the growth of this regional market.
Key Market Players IDEXX Laboratories (US), Abaxis (US), Zoetis (US), QIAGEN N.V. (Netherlands), Thermo Fisher Scientific (US) Recent Developments In January 2018, IDEXX launched its IDEXX catalyst SDMA test to analyze kidney function in companion animals.InApril 2018, Randox Laboratories launched the product Vivalytic in the Molecular Diagnostics Analyzer SegmentInApril 2018, Zoetis established sustainable veterinary diagnostic networks and animal health infrastructure in Uganda, Nigeria, and Ethiopia.
According to the latest report published by “Data Bridge Market Research”, the Veterinary Diagnostics Market is anticipated to grow at a steady pace over the forecast period 2019 – 2026.
The report sheds light on the various trends and restraining factors that are expected to shape the growth of the Veterinary Diagnostics in the upcoming years.
The report ponders over the various parameters that are expected to impact revenue generation, sales, and demand for the Fresh Compressed Yeast in the various regional markets.Global veterinary diagnostics market is registering a substantial CAGR of 8.76% in the forecast period of 2019-2026.
The report contains data from the base year of 2018 and the historic year of 2017.Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-veterinary-diagnostics-marketMarket Definition: Global Veterinary Diagnostics MarketVeterinary diagnostics refers to the test which determines the various disorders related to animals.
The innovations in the medical field which had been developed for veterinary diagnostics help determine the cause of the disease, so that proper treatment methods can be utilized for its treatmentTop Manufacturers Covered in the Report:Few of the major market competitors currently working in the global veterinary diagnostics market are IDEXX, Abaxis, NEOGEN CORPORATION, bioMérieux SA, Randox Laboratories Ltd., QIAGEN, Thermo Fisher Scientific, Heska Corporation, Zoetis, Covetrus, IDvet, Pfizer Inc., Bio-Rad Laboratories Inc., Virbac, Mindray DS USA Inc., VCA Inc., URIT MEDICAL ELECTRONIC CO. LTD., BPC Biosed srl, HORIBA Ltd., FUJIFILM Corporation, Alvedia and ACON Laboratories Inc. among others.Competitive Analysis:Veterinary diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares veterinary diagnostics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.Make an Inquiry for Discount On this Report @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-veterinary-diagnostics-marketMarket DriversThe companion animal population has surged which is driving the growth of the marketThe rising prevalence of animal zoonotic diseases is propelling the growth of the marketSurging demand for animal-derived food products is fueling the growth of the marketIncreasing demand for pet insurance and growing animal health expenditure is boosting the growth of the marketThe number of veterinary practitioners and income levels have increased in the developed economies is contributing to the growth of the marketKey Developments in the Market:In June 2018, Pathway Vet Alliance has entered into a strategic partnership with Heska Corporation.
Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Veterinary Diagnostics Market by By Product (Instruments, Consumables), Technology (Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Hematology, Urinalysis, Others), Animal Type (Companion Animals, Livestock Animals), End User (Reference Laboratories, Veterinary Hospitals and Clinics, Point-of-Care/In-House Testing, Research Institutes & Universities), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) Analysis and Forecast, 2019 – 2026”.
The Veterinary Diagnostics Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.
Few of the leading organizations’ names are listed here- IDEXX, Abaxis, NEOGEN CORPORATION, bioMérieux SA, Randox Laboratories Ltd., QIAGEN, Thermo Fisher Scientific, Heska Corporation, Zoetis, Covetrus, IDvet, Pfizer Inc., Bio-Rad Laboratories Inc., Virbac, Mindray DS USA Inc., VCA Inc., URIT MEDICAL ELECTRONIC CO. LTD., BPC Biosed srl, HORIBA Ltd., FUJIFILM Corporation Global veterinary diagnostics market is registering a substantial CAGR of 8.76% in the forecast period of 2019-2026.
The report contains data from the base year of 2018 and the historic year of 2017.Grab Sample Report + All Related Tables & Charts of Global Veterinary Diagnostics Market Study Now @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-veterinary-diagnostics-marketMarket Definition: Global Veterinary Diagnostics Market Veterinary diagnostics refers to the test which determines the various disorders related to animals.
The innovations in the medical field which had been developed for veterinary diagnostics help determine the cause of the disease, so that proper treatment methods can be utilized for its treatment Segmentation: Global Veterinary Diagnostics MarketGlobal Veterinary Diagnostics Market By Product (Instruments, Consumables), Technology (Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Hematology, Urinalysis, Others)Animal Type (Companion Animals, Livestock Animals)End User (Reference Laboratories, Veterinary Hospitals and Clinics, Point-of-Care/In-House Testing, Research Institutes & Universities)Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) Top Manufacturers Covered in the Report:Few of the major market competitors currently working in the global veterinary diagnostics market are IDEXX, Abaxis, NEOGEN CORPORATION, bioMérieux SA, Randox Laboratories Ltd., QIAGEN, Thermo Fisher Scientific, Heska Corporation, Zoetis, Covetrus, IDvet, Pfizer Inc., Bio-Rad Laboratories Inc., Virbac, Mindray DS USA Inc., VCA Inc., URIT MEDICAL ELECTRONIC CO. LTD., BPC Biosed srl, HORIBA Ltd., FUJIFILM Corporation, Alvedia and ACON Laboratories Inc. among others.
Competitive Analysis: Global Veterinary diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
