Veterinary Diagnostics Market Registers Significant Growth Due To The Increasing Companion Animal Population
According to the market research report “Veterinary Diagnostics Market: By Product (Instruments, Consumables, Services); By Technology (Diagnostic Imaging, Clinical Chemistry, Immunodiagnostics, Molecular Diagnostics); By Animal (Dogs, Cats, Horses, Cattle, Pigs, Poultry) & By Region-Forecast (2016-2022)”, published by IndustryARC, estimates a healthy pick up with the increase in the number of vet diagnostics during the forecast period.
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Veterinary Diagnostics Market deals with the development of various diagnostics measurements that identifies disorders and infectious diseases in animals and help preventing them before they become epidemic. This includes the non invasive methods used to identify and examine the causes in animals by setting-up diagnostic laboratories and supplying of veterinary kits and veterinary antibiotics.
Veterinary Diagnostics Market analysis throws some light on the growing global diagnostics Market as far as animal diagnostic clinics are concerned.
This growth is attributed to the rising demand for animal-derived food products. The analysis also covers Market Share Analysis, Market Size forecast,. Vet diagnostics conduct veterinary tests and has potential applications in the diagnosis and management of several animal diseases, such as foot-and-mouth disease, classical swine fever, avian flu, and bovine spongiform encephalopathy,.
Scope & Regional Forecast of the Veterinary Diagnostics Market
The growth factors for the Veterinary Diagnostics Market including growth in the number of Veterinary laboratories and the income levels of practitioners in developed economies, rising animal health expenditure, growing pet owner ship and it’s insurance purchases, increasing incidence of zoonotic diseases, rising demand for animal-derived food products, and increasing animal population. These factors are fuelling the market in spite of hindrances such as shortage of veterinarians and increased pet care costs in emerging markets.
However, the expansion of Veterinary Market research companies are expected to change the scenario. The major breakthroughs including increased accuracy in testing with faster turnaround time coupled with cost efficiency.
Apart from this, the awareness among masses on animal health conditions has boosted the market immensely.
Veterinary Diagnostics Market is dominated by North America followed by Europe due to the increasing companion animal population coupled with the positive trend towards animal health care spending. Developing nations such as South-America and Asia-Pacific are expected to form a new revenue generator in the market with Brazil, China, and India occupying major market share over the next decade.
Segmentations & Key Players Involved in the Veterinary Diagnostics Market
The Veterinary Diagnostics Market can be broken down into various segmentations on the basis of -
- Product: Instruments, Consumables, and Services.
- Technology: Diagnostic Imaging, Clinical Chemistry, Immunodiagnostics, Molecular Diagnostics, and Haematology.
- Animal: Food Processing and non-food processing.
- End-User: Reference Laboratories, Veterinary Hospitals, Clinics, and Others.
- Geography: Europe, Asia-Pacific, North Americas, and Rest of the World.
Some of the key players involved in the Veterinary Diagnostics Market are as follows:
- IDEXX Laboratories Inc
- Zoetis Inc
- HESKA Corporation
- Neogen Corporation
Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a six year period of 2016-2022, to assess how the market will develop.
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