Latin America Veterinary Diagnostics Industry by Product (Clinical chemistry, Molecular diagnostics, Haematology analysers, Diagnostic imaging, Immunodiagnostics), by Animals (Companion animals and Food producing animals) and by region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
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According to the report Latin America Veterinary Diagnostics Industry, published by Market Data Forecast, The Industry in is estimated to reach $584.44 Million by 2020 at a CAGR of 8.97%.
In the past few years, with the emergence of new and technologically advanced products the Industry is showing a significant growth.
Browse Market data tables and in-depth TOC of the Latin America Veterinary Diagnostics Industry to 2020 at www.marketdataforecast.com/market-…ostics-market-89/
Veterinary Diagnostics provide tools for effective and rapid testing to undertake preventative or remedial measures for animal related health conditions. For instance, lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock (cows, poultry, sheep, pigs,.) and household pets (cats, dogs,.) to test for the presence of a variety of medical conditions caused by bacteria, viruses, allergies, and fertility issues.
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Food animal diagnostics assist in livestock and production animal preventive care and complement other measures such as vaccination and selective breeding. Industry development for companion animal diagnostic has depended heavily upon the purchasing and usage of in-clinic analysers or diagnostic instruments used at veterinary practices.
Latin America Industry for Immunodiagnostics is expected to grow at a higher CAGR due to the increase in the number of foodborne diseases affecting the animals and the increase in government regulations to maintain animal health. Especially Brazil, which is the 9th largest economy in the world is proving to be a lucrative Industry for investors.
Adding to that the Industry for Molecular diagnostics is expected to grow at a higher than that of Immunodiagnostics due to the wide scope it has over the likes of the latter. Increase in purchase and usage of various diagnostic instruments that are utilized in veterinary practices, in-clinic diagnostic procedures, high income households that keep pets and regularly visit veterinary laboratories are propelling the growth of this Industry.
However, increasing adoption of vegetarian food due to changing food habits, the economic downturn, the increasing risk of obesity, exposure to global cuisines, and other diseases are some of the factors affecting the growth.
The Latin America veterinary diagnostics Industry is segmented by products, type of animals, and geography. The veterinary diagnostics Industry is mainly categorized by product into clinical chemistry, molecular diagnostics, haematology analysers, diagnostic imaging, immunodiagnostics, and others.
The animal Industry covers companion animals and food-producing animals. Furthermore, on the basis of geography, the Latin America Industry is categorized under various regions namely, Argentina, Brazil and Mexico.
Some of the prominent companies in this Industry include VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, VCA Inc., Heska Corporation, Abaxis, Inc., Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc.
Key Points from Table of Contents
- Executive Summary
- Key Inferences
- New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Latin America Veterinary Diagnostics Industry: Segmentation
- By Product
- o Clinical Chemistry
- o Molecular Diagnostics
- o Haemotology
- o Diagnostic Imaging
- o Immunodiagnostics
- By Animals
- o Companion Animals
- o Food-Producing Animals
- PESTLE analysis
- Porter’s Five analysis
Industry Leaders' Analysis
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