Veterinary Diagnostic Market Global Outlook, Latest Industry Trends and Future Development
Global Veterinary Diagnostic Market was valued at US$ 3,142.3 million in 2018 and is estimated to reach US$ 6,540.0 million by 2027, growing at a CAGR of 8.48% over the forecast period. Major industry participants in the global veterinary diagnostic market include Abaxis, Inc., Agrolabo S.p.A., Bio-X Diagnostics S.A., Eurolyser Diagnostica, Heska Corporation, ID.vet, Indical Bioscience GmbH, Ingenasa, Megacor Diagnostik GmbH, Neogen Corporation, Qiagen N.V., Randox Laboratories – US Ltd., URIT Medical Electronic Group Co., Ltd., Virbac Corporation, Zoetis Inc., among others. New product launches, geographical expansion are some of the major strategies adopted by these players to gain a competitive edge.
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Globally, rising number of animal adoptions, growing prevalence and awareness of animal diseases, novel innovations in animal food products, increasing number of veterinary practitioners and hospitals are attributed as crucial market propelling factors.
Through initiatives like World Veterinary Association (WVA) which is regarded as one of the world’s largest family of veterinarians, with membership from 95 veterinary member associations on six continents. Another citable example of British Veterinary Association, which is endorsing DNA testing among canines. With regards to such initiatives, the diagnosis equipment market is expected to propel during the forecast period. Emerging economies like India and China also show positive signs of market growth, due to the increasing number of veterinary practitioners and their rising levels of income. In Asia Pacific, Veterinary Diagnostic market in India and China market is accounted for largest market share among all other countries with XX% of total market valuation. Moreover, the socio-economic status of the agrarian population in India is dependent mainly on the country’s expansive resources of livestock and poultry.
Competitive Landscape
By Product:
- Instruments
- Consumables
By Technology
- Immunodiagnostic
- Lateral flow assays
- ELISA
- Immunoassay analyzers
- Others
- Molecular Diagnostic
- Polymerase Chain Reaction (PCR)
- Microarrays
- Others
- Hematology
- Cartridges
- Analyzers
- Clinical Chemistry
- Clinical Chemistry Analyzers
- Glucose monitoring
- Blood gas and electrolyte analysis
- Others
By Species:
- Companion animals
- Cat
- Dogs
- Others
- Farm animals
- Cattle
- Swine
- Poultry
- Horse
- Others
Veterinary Diagnostic Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Veterinary Diagnostic Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Veterinary Diagnostic Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Veterinary Diagnostic market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Veterinary Diagnostic market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Veterinary Diagnostic market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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