The Veterinary Diagnostics Market is expected to grow from USD 4,758.9 million in 2020 to USD 12,635.2 million by 2026 at a CAGR of 11.0% from 2020 to 2026.
Veterinary diagnostics refer to several tests perform to detect the existence of disorders among animals. They are carried out by examining the samples of blood, feces and tissues of livestock, wild and pet animals. These tests relies on several technologies, such as real-time polymerase chain reaction (RT-PCR), polymerase chain reaction (PCR), in situ hybridization (ISH), immunohistochemistry (IHC) and gene sequencing. The basic test categories are screening tests which are used for the detection of a disease in healthy animals, and confirmatory tests which are done to classify disease status in a clinically diseased animal. The global veterinary diagnostics market is projected to grow majorly, in terms of revenue, during the forecast period. Use of better technologies for diagnosis and treatment of animals has compelled the market. Veterinary treatment has recently become an issue of global discussion and debate. Huge number of students who intend to study and specialize in veterinary care has also accelerated the veterinary diagnostics market growth. Moreover, the governments in various regions are driven to develop state-of-the-art veterinary hospitals and healthcare centers. Thus, the global veterinary diagnostics market is estimated to grow considerably in the next few years. Furthermore, the increasing inclination of the people toward the adoption of pets also propels the veterinary diagnostics market. Various countries in Europe promote the adoption of pets as an exercise to heal people suffering from ill-health and depression. It is projected that one in every three persons intends to or has a pet in the U.S. The factors mentioned above are propelling the global veterinary diagnostics market. Additionally, the animal rights activists have also prompted governments to develop new facilities for veterinary care, treatment, and diagnostics. This is also a major factor stimulating the growth of global veterinary diagnostics market. Apart from this, the increasing pet care costs are likely to hamper the veterinary diagnostics market growth
Furthermore, the expansion of the veterinary diagnostics market is owing to a rise in number of in-clinic diagnostic procedures, and increase in purchase and usage of many diagnostic instruments which are used in veterinary practices. Moreover, rise in number of high income households that keep pets and frequently visit veterinary laboratories are also anticipated to propel the veterinary diagnostics market. In-clinic diagnostic practices and companion animal diagnostics increase in the number of animals diagnosed along with the technologically advanced equipment and procedures which ensure the accurate and quicker results.
The global Veterinary Diagnostics Market is segregated on the basis of Technology as Hematology, Clinical Biochemistry, Immunodiagnostics, Molecular Diagnostics and Other Technologies. Based on Animal Type the global Veterinary Diagnostics Market is segmented in Companion Animals and Livestock Animals.
The global Veterinary Diagnostics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Veterinary Diagnostics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Thermo Fisher Scientific Inc, Abaxis Inc, IDVet, Agrolabo SPA, Idexx Laboratories Inc and others are among the major players in the global Veterinary Diagnostics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Veterinary Diagnostics Market has been segmented as below:
Veterinary Diagnostics Market, By Technology
Veterinary Diagnostics Market, By Animal Type
Veterinary Diagnostics Market, By Region
Veterinary Diagnostics Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Veterinary Diagnostics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Veterinary Diagnostics Market share. Major industry players with significant revenue share include Thermo Fisher Scientific Inc, Abaxis Inc, IDVet, Agrolabo SPA, Idexx Laboratories Inc and others.
Why to Buy this Report:
Target Audience:
Free and Paid Customization based on the requirement
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Veterinary Diagnostics Market, By Technology
5.1. Key Points
5.2. Hematology
5.3. Clinical Biochemistry
5.4. Immunodiagnostics
5.5. Molecular Diagnostics
5.6. Other Technologies
6. Veterinary Diagnostics Market, By Animal Type
6.1. Key Points
6.2. Companion Animals
6.3. Livestock Animals
7. Competitive Landscape
7.1. Introduction
7.2. Start-up companies- Veterinary Diagnostics Market
7.3. Recent Developments
7.3.1. Mergers & Acquisitions
7.3.2. New Product Developments
7.3.3. Portfolio/Production Capacity Expansions
7.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
7.3.5. Others
8. Company Profile
8.1. Thermo Fisher Scientific Inc
8.2. Abaxis Inc
8.3. IDVet
8.4. Agrolabo SPA,
8.5. Idexx Laboratories Inc
8.6. Neogen Corp
8.7. Merck
8.8. Heska Corporation
8.9. Qiagen N.V
8.10. Virbac Corp
8.11. Zoetis
8.12. IncIm3 Inc
8.13. VCA Antech
8.14. Henry Schein Inc.
8.15. QIAGEN N.V.
8.16. bioMérieux SA
8.17. Randox Laboratories Ltd.
Veterinary Diagnostics Market, By Technology
Veterinary Diagnostics Market, By Animal Type
Veterinary Diagnostics Market, By Company