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”. In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge. 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.
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Market Definition: Global Veterinary Diagnostics Market
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
Segmentation: Global Veterinary Diagnostics Market
Global 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. The report includes market shares veterinary diagnostics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Recent Developments in the Market:
- In June 2018, Pathway Vet Alliance has entered into a strategic partnership with Heska Corporation. It will enable the company to provide in-house operational services like a point of care blood diagnostics and allergy testing. This alliance will strengthen the company in terms of accuracy, precision, speed and ease to use.
- In May 2018, Zoetis has announced that it has acquired Abaxis which has enhanced the company’s market share in veterinary diagnostics. The acquisition will enable the company to accelerate the sales of its product in more than 100 countries which will increase the revenue of the company.
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
Some of the key questions answered in this report:
- Detailed Overview of Veterinary Diagnostics Market helps deliver clients and businesses making strategies.
- Influential factors that are thriving demand and constraints in the market.
- What is the market concentration? Is it fragmented or highly concentrated?
- What trends, challenges and barriers will impact the development and sizing of Veterinary Diagnostics Market?
- SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
- What growth momentum or acceleration market carries during the forecast period?
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Related Report-
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.
Thus, their health is a top priority for their owners and who ensure the availability of veterinary POC care to them.
Also, pet owners tested positive for influenza A and methicillin-resistant Staphylococcus aureus are also detrimental to their pets' overall wellbeing.
Market Research Future (MRFR) assessed the global veterinary POC diagnostics market 2021 for the analysis period till 2027.
Subsequently, the results are communicated to veterinarians.
Early diagnosis is pivotal in making critical clinical decisions, impacting the adoption of Point-Of-Care (POC) devices.
The growing preference for veterinary POC diagnostics can prompt the market upsurge in the upcoming years.The application of POC testing devices in veterinary practice is not new.
