The equine diagnostic services market is estimated to cross a valuation of US$ 280 Mn by the conclusion of the assessment period between 2020 and 2030. The new Fact.MR report says that concerns over covid-19 transmission, has generated opportunities for market players in terms of telehealth facilities. Also, growing awareness among horse owners about equine coronavirus during the crisis period is expected to support short term growth. The growth is likely to continue post-pandemic, with standardization of diagnostic test parameters.
"The demand for equine diagnostic services around the world has being going through steady growth, supported by awareness programs for horse owners about infectious ailments such as trypanosomosis, equine coronavirus, and others, which will sustain market developments in the long term," says the Fact.MR analyst.
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Equine Diagnostic Services Market - Important Takeaways
- Equine trypanosomosis diagnostics is expected to display fast growth on the back of investments into prophylactic drug development.
- Hospitals and clinics will remain the primary end users of equine diagnostic services, owing to higher availability of capital and access to full body scans and MRI equipment.
- Asia Pacific is a key market for equine diagnostic services, supported by rising interest in equine sports activities in the region.
Equine Diagnostic Services Market - Driving Factors
- Investments into telemedicine facilities are expected to generate growth opportunities during the coronavirus crisis, and beyond.
- Improvements in insurance, and interest in horses for leisure, sports, and betting activities remain major contributors to market developments.
Equine Diagnostic Services Market - Leading Constraints
- Fragmented knowledge on equine epidemiology and lack of a centralized veterinary authority is a challenge to market developments.
- Lack of investments by pharmaceutical companies into animal health divisions slows down developments in the sector.
Anticipated Market Impact by Coronavirus Outbreak
The coronavirus pandemic has moderately impacted the global equine diagnostic services market. Concerns about viral transmission between health care professionals and clients has impacted operations in veterinary facilities. Also, lockdown restrictions have resulted in cash flow problems for players in the industry, which has pushed service providers to avail short term loan facilities.
Improvements in telemedicine technologies will provide opportunities for market players to minimize losses during the crisis. Further, awareness programs associated to equine coronavirus have proven beneficial to the industry. With investments into MRI and full body scans, the growth of the market will continue in the post-pandemic era.
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Competition Landscape
Some of the prominent service providers in the global equine diagnostic service market include but are not limited to Equiseq Inc., IDEXX Laboratories Inc., Generatio GmbH, Etalon Inc., VetGen, Veterinary Genetics Laboratories, and Animal Genetics Inc.
Equine diagnostic services market players manufacturers are pushing for improvements to service developments, and collaborations to widen scope of service changes, for long term growth prospects.
For example, IDEXX Laboratories Inc. has introduced rapid, digital, cytology for veterinarians to collaborate on fast-tracked cytology interpretations through the VetConnect PLUS platform. Zoetis Inc. has acquired Pheonix Central Laboratory for point of care veterinary diagnostics. Virtual Veterinary Specialists has unveiled virtual referrals with telemedicine facilities for diagnostic results in real time.
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The new report on the Equine Diagnostic Services market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2019.
The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Equine Diagnostic Services market.The novel Coronavirus (COVID-19) has caused a slowdown in business activities of the Equine Diagnostic Services Market.
With the help of our upcoming report, market players can gain important insights on alternative strategies that can help in revenue generation.
The leading factors that are likely to impact the growth of the Equine Diagnostic Services Market over the assessment period are thoroughly analyzed in the report.Request for Sample Report with Statistical Info @ https://www.factmr.com/connectus/sample?flag=S_id=5229To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions.
The key regions comprise the following geographical segments:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
A recent study on the global Equine Diagnostic Services market has projected the revenues to rise to the worth of ~US$ 280 Mn by 2030.
The report highlights the key growth drivers and trends that will contribute to the growth momentum of the market.
The report provides an incisive analysis of the growth dynamics and quantitative assessment of the revenue potential in various regions and across key products, application/end-use industry, and technology segments.
It provides a comprehensive insight into the shares and sizes of the various segments in each year of the forecast period.
A comprehensive evaluation of recent investments by top players in the Equine Diagnostic Services market helps identify major research and development initiatives in the key regional markets.
The various assessments on the competitive landscape focus on the intensity of competition, entry barriers, PESTLE analysis, and key winning imperatives.
Earwax removal aids are the medical tools used to remove earwax caused due to excessive formation of cerumen.
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Fact.MR’s Report on Global Pea Fiber MarketPea fiber is a byproduct which is extracted from the seeds and pods of a pea plant.
Pea fiber comprises high levels of protein, and does not contain any cholesterol either.
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Dried Fruits Global Market Report 2021 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography.
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The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
