Veterinary Diagnostics Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Veterinary Diagnostics Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Veterinary Diagnostics Market: Snapshot

The facility of diagnosis of medical testing to identify the presence of infectious agents, toxins, and reasons for sicknesses is important in the prevention and control of contagious illnesses. Innovative diagnostics capacities are particularly of high significance, halfway due to fact that animals can't express their pain and other uneasiness in their bodies. An extensive variety of tests on blood, urine, feces, and sample tissue are made accessible by veterinary diagnostics centers.

As there is a significant increase in the number of people keeping pet, the surge in demand for veterinary diagnostics is estimated to take off, as well. Veterinary diagnostics is utilized as a part of the detection and treatment of various medical issues, for example, bacteria, allergies,  diabetes, fertility issues, and infections that influence canines, felines, and different pets and including pigs, cows, bullocks, poultry, sheep, and goats.

Anemia, cancer, canine adenovirus type-1, rabies, tapeworm, roundworm, heartworm, and illness related to the endocrine function are additionally tried with veterinary diagnostics. Advancement in technology offer speed, ease, accuracy, and low cost testing capacities. Simple use, transportation, handling, storage and removal of the requirement for refrigeration guarantees impressive development of the market.

Episode of cattle illnesses globally, has been requiring the of veterinary diagnostics on a global scale. For example, in April 2017, the Kansas State Veterinary Diagnostic Laboratory revealed that five be4ef cattle herds crosswise over three regions were diagnosed positive for Trichomoniasis, which was to a great degree, infectious, sexually transmitted disease (STD).

Moreover, Tanzanian Ministry of Agriculture, Livestock, and Fisheries (MALF) has embraced a program to control and avoid domesticated animals illness in the region. The Food and Agriculture Organization of the United States (FAO) provided consumables and tools to Tanzania for the same.

There has been various product launches in the market for veterinary diagnostics, along with acquisitions, mergers, and collaborations. For example, in April 2017, Calbiotech group of organizations, a conspicuous producer and engineer of immunoassays was taken over by Erba Diagnostics Mannheim.

Global Veterinary Diagnostics Market: Overview

Provision of diagnostic medical testing to detect the presence of toxins, infectious agents, and causes of diseases is crucial in the control and prevention of infectious diseases. Advanced diagnostic capabilities are especially of high importance, partially because animals cannot express what is wrong with them. A wide range of tests on urine, blood, sampled tissue, and feces are made available by veterinary diagnostics centers.

The global veterinary diagnostics market can be segmented by technology, region, product, animal type, and end user. By technology, the market can be categorized into immunodiagnostics, molecular diagnostics, clinical biochemistry, hematology, and urinalysis.

Global Veterinary Diagnostics Market: Key Trends

As the number of pet owners worldwide has been multiplying rapidly, the demand for veterinary diagnostics is expected to soar. Veterinary diagnostics is used in the diagnosis and treatment of different medical conditions such as allergies, bacteria, fertility issues, diabetes, and viruses that affect cats, dogs, and other pets as well as cows, pigs, bullocks, sheep, poultry, and goats.

Cancer, anemia, rabies, canine adenovirus type-1, tapeworm, heartworm, roundworm, and diseases of the endocrine function are also tested using veterinary diagnostics. Recent advancements in technology offer low cost, speedy, and highly sensitive testing capacities. Easy usage, handling, transportation, and storage, and elimination of the need for refrigeration promises considerable growth of the market.

Global Veterinary Diagnostics Market: Market Potential

Outbreak of cattle diseases worldwide has been necessitating the adoption of veterinary diagnostics on a global scale. For instance, in April 2017, the Kansas State Veterinary Diagnostic Laboratory reported that five beef cattle herds across three counties were tested positive for Trichomoniasis, an extremely contagious, sexually transmitted disease.

Similarly, Tanzanian Ministry of Agriculture, Livestock, and Fisheries (MALF) has undertaken a program to control and prevent livestock diseases in the region. The Food and Agriculture Organization of the United States (FAO) funded consumables and equipment to Tanzania for the same.

Furthermore, a number of organizations and agencies have been addressing the issue of zoonotic diseases and the threat posed by them to human health. For instance, The Asean Sectoral Working Group on Livestock (ASWGL), in a meeting conducted on 27 April, 2017, stated its initiatives addressing the socio-economic impact of animal diseases. It has been formulating, developing, and implementing strategic mechanism and frameworks both at the regional and national levels.

The market for veterinary diagnostics has been witnessing a number of product launches, acquisitions, collaborations, and mergers. For instance, in April 2017, Calbiotech group of companies, a prominent manufacturer and developer of immunoassays was acquired by Erba Diagnostics Mannheim.

Global Veterinary Diagnostics Market: Regional Outlook

By geography, the global veterinary diagnostics market can be segmented into Asia Pacific, Latin America, the Middle East and Africa, North America, and Europe. Of these, North America emerged as the leading segment of the global veterinary diagnostics market, thanks to the augmenting demand for animal-derived food products such as diary and meat. The veterinary diagnostics market in Asia Pacific is also advancing at a steady pace. The growing spending on animal healthcare, increasing animal population, and rising concerns and awareness pertaining to zoonotic diseases has been fuelling the market for veterinary diagnostics in Asia Pacific.

Global Veterinary Diagnostics Market: Competitive Landscape

The global market for veterinary diagnostics is highly fragmented in terms of competition. Neogen Corporation, IDEXX Laboratories, Inc, Heska Corporation, Thermo Fisher Scientific Inc., URIT Medical Electronics Co., Ltd., Abaxis, Inc., Randox Laboratories Ltd., IDVet, QIAGEN N.V., Mindray Medical International Limited, Eurolyser Diagnostica GmbH, BPC Biosed srl, Zoetis, Inc., and Virbac are some of the leading companies operating in the global market for veterinary diagnostics.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?