Livestock Pregnancy Testing Devices Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

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Livestock Pregnancy Testing Devices Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

Status : March, 2020 | Healthcare IT | PPT format

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Livestock Pregnancy Testing Devices Market – Snapshot

Need to confirm a pregnancy is crucial in animal breeding. It is important to know which ones are getting pregnant and which ones are not in order to determine what the next steps could be. Thus, it doesn’t come as a surprise that the market for livestock pregnancy is set to see growth over the forecast period of 2018-2028.

Thus, it is predicted that the market will see a steady CAGR (Compound Annual Growth Rate). It will not just increase valuable opportunities for players to dabble with but also improve the market worth by a considerable amount.

Some of the most notable factors that will change the game of the global livestock pregnancy testing devices market include:

  • There is a massive rise in awareness regarding animal pregnancy related technology, especially in areas where it was traditionally quite dismal. This is particularly true of some of the developing economies which coincidentally also are majorly into breeding like India and Brazil. As commercial forces catch up with the markets and breeders feel the need to stay on their toes to stay ahead of the curve, the need for livestock pregnancy testing devices increases invariably.
  • Technology is going to be the next big thing in this arena as farmer need easy to use, portable variants that can provide them with information that is a little more than just the confirmation of pregnancy in livestock. Also, it had been noted that the earlier the pregnancy can be detected, the better it is for breeders to strategize their next moves.

Livestock is a vital branch of agricultural science which is primarily focussed on breeding, reproduction, and improvement of body structure and lifelong productivity enhancement among dairy and beef cattle, swine and poultry.  These food producing animals play a crucial role in the livelihood of human population. To maintain an optimum production benchmark, farm owners need to focus on reproduction and quality breeding which will indirectly have a positive impact on the livestock pregnancy testing devices market. Hence, it is important for the farm owners to have a routine diagnosis of pregnancy among these animals. Livestock pregnancy testing devices plays a vital role as in some cases pseudo-pregnancy in animals may cause loss of valuable time and effort of farm owners and veterinary physicians. Currently, these livestock pregnancy testing devices are emerging with more advance technologies and easy to use diagnostic platforms that are effectively used by veterinary professionals for result accuracy.

These livestock pregnancy testing devices are used along with the conventional immunological testing kits.

Cattle producers and veterinary professionals have always relied on a single method to determining pregnancy in livestock animals. However, with recent changes in technologies and availability of advance pregnancy diagnosis and examination equipment, these advance livestock pregnancy testing devices are considered as a gold standard in the practice of veterinary medicine.

Livestock Pregnancy Testing Devices Market: Drivers & Restraints

For livestock producers, early identification of the females and time to time testing to determine pregnancy and remove the chances of pseudo-pregnancy in these animals can have a better evaluation of fertility which can be of economic advantage to the livestock producers.

Further, rising adoption of livestock pregnancy testing devices and increasing installed base of livestock pregnancy testing devices, increasing awareness among the farm owners and growing veterinary care spending for animals are few key factors leading to increased revenue generation across the livestock pregnancy testing devices market.

The current challenge in the livestock pregnancy testing devices market remains the detection of early pregnancy testing among these animals and accurate identification of the cattle or swine which fails to conceive. Also, increasing competition among the small domestic players with respect to aggressive pricing poses a threat to the key players operating in the livestock pregnancy testing device market.

Livestock Pregnancy Testing Devices Market: Segmentation

By Product Type, livestock pregnancy testing devices can be segmented into:

  • Pregnancy Detector Devices
  • Veterinary Ultrasound Scanner Devices
    • Portable Ultrasound Devices
    • Hand-Held Ultrasound Devices
  • Pregnancy Detection Kits

By End Use, livestock pregnancy testing devices can be segmented into:

  • Veterinary Hospitals
  • Veterinary Clinics
  • Veterinary Service Providers

By Animal, livestock pregnancy testing devices can be segmented into:

  • Cattle
  • Beef
  • Swine

Livestock Pregnancy Testing Devices Market: Overview

With rapid adoption of pregnancy testing among farm animal owners, the livestock pregnancy testing devices market is expected to have a healthy growth during the forecast period. The increasing awareness among the farm owners coupled with increasing technological advancement will result in boosting the growth for livestock pregnancy testing devices market. Veterinary Hospitals followed by veterinary clinics will remain the most lucrative end users in livestock pregnancy testing devices market.

Livestock Pregnancy Testing Devices Market: Region-wise Outlook

Brazil remains the most lucrative market in Latin America and Caribbean region in cattle production, which holds the maximum market share in the livestock pregnancy testing devices market followed by India and China in Asia Pacific region.

The Asia-Pacific and Latin America market is anticipated to witness significant growth owing to the high adoption of livestock pregnancy testing devices in healthcare facilities and among the service providers. MEA region is expected to witness moderate growth rate due to the poor healthcare infrastructure in most parts of the region as well as unavailability of healthcare services to most of the population.

Livestock Pregnancy Testing Devices Market: Key Players

Some of the key players in the livestock pregnancy testing devices Market are BioTracking Inc, Zoetis Services LLC., IDEXX Laboratories, Inc, DRAMIŃSKI S. A., FarmTech Solutions, Inc., IMV Imaging, Renco Corporation, BMV Technology Co., Ltd and others. All the key manufacturers in livestock pregnancy testing devices are concentrating more on new technologies and devices.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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