Veterinary Diagnostics Market is Driven by Rising Prevalence of Animal Zoonotic Diseases

Veterinary Diagnostics Market is forecasted to grow at 8.76% for 2019-2026 with factors such as high pet care cost and substandard healthcare facilities in low and middle income group countries will hamper the growth of the market in emerging economies.

Veterinary diagnostics market has shown an exceptional penetration in developed economies of North America. Adoption of companion animals and increasing demand of animal derived food products will boost the growth of the market.

Veterinary Diagnostics Market Scenario

According to Data Bridge Market Research the veterinary diagnostics market is witnessing a significant growth in developing economies due to factors such as adoption of companion animal, rising demand of animal derived food products, increasing occurrences of animal zoonotic diseases and surging demand of pet insurance and animal health expenditure will uplift the growth of the market.  

Now the question is which are the other regions that veterinary diagnostics market is targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific veterinary diagnostics market and the market leaders targeting China and India to be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the veterinary diagnostics market.

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New Veterinary Diagnostics Market Developments in 2019

  • In August 2019, Zomedica Pharmaceuticals Corp. announced the launch of TRUFORMA, companion pet diagnostic device which help in providing fast, accurate and point of care diagnosis results in the clinic while improving the standards of care in the veterinary industry.

Scope of the Veterinary Diagnostics Market

Veterinary diagnostics market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC)as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the veterinary diagnostics market is further analyzed based on maximum granularity into further segmentation. On the basis of product, the market is segmented into instruments and consumables. Based on technology, the market is segmented into immunodiagnostics, clinical biochemistry, molecular diagnostics, hematology, urinalysis, others. Based on animal type, the market is segmented into companion animals and livestock animals. The end-users covered for the report are reference laboratories, veterinary hospitals and clinics, point-of-care/in-house testing, research institutes & universities.
  • Veterinary diagnostics is a type of test that is used in determining the animal disorders by taking their blood and tissue samples that will help in the utilization of proper treatment method. Veterinary diagnostics used in various methods such as molecular testing, immunodiagnostics, hematology and clinical chemistry.   

To know more about the study

Key Pointers Covered in the Veterinary Diagnostics Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Market Regulatory Framework and Changes
  • Market Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Abaxis
  • bioMérieux SA
  • Randox Laboratories Ltd.
  • Thermo Fisher Scientific Inc.
  • Heska Corporation
  • Zoetis
  • Covetrus
  • IDvet
  • Pfizer Inc.
  • Bio-Rad Laboratories Inc
  • Virbac
  • Mindray DS USA Inc
  • VCA Inc.
  • BPC Biosed srl
  • HORIBA Ltd.
  • FUJIFILM Corporation
  • ACON Laboratories, Inc.

Above are the key players covered in the report, to know about more and exhaustive list of Veterinary Diagnostics companies contact us

Research Methodology: Global Veterinary Diagnostics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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