Global Veterinary Molecular Diagnostics Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global veterinary molecular diagnostics market will account to an estimated USD 453.83 million in 2018 growing at a CAGR of 8.48% during the forecast period of 2019 to 2026.

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Global Veterinary Molecular Diagnostics Market

Global Veterinary Molecular Diagnostics Market

Veterinary molecular diagnostics can be defined as an analysis conducted at the molecular levels of the veterinary population for the laboratorial applications and analysis. The process is more accurate in comparison to the traditional testing methods and significantly reduces the time taken for detection of any diseases or disorders.

Segmentation: Global Veterinary Molecular Diagnostics Market

Global veterinary molecular diagnostics market is segmented on the basis of technology, product, animal type, disease indication, application, end-user and geography.

By Technology (PCR Kits, INAAT Kits, Microarray Kits, DNA Sequencing Kits), Product (Instruments & Software, Kits & Reagents, Services), Animal Type (Companion Animals, Livestock Animals), Disease Indication (Vector-borne Diseases, Respiratory Pathogens Detection, Diarrhea Pathogens Detection, Others), Application (Infectious Diseases, Oncology, Genetics, Microbiology), End-User (Veterinary Hospitals, Clinical Laboratories, Research Institutes) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN VETERINARY MOLECULAR DIAGNOSTICS MARKET

Acquisitions and expansion strategy adopted by major manufacturers

  • In January 2019, QIAGEN announced that they had agreed to acquire N-of-One, Inc. This acquisition will help in expanding QIAGEN in providing customers with molecular diagnostics and analysis in major laboratories and clinical applications.
  • In Jan 2018, Mars Petcare(U.S.) acquired Genoscoper Laboratories(Finland), a specialist in molecular diagnostics for companion animals. This acquisition will help in accelerate discovery of genetic health markers for companion animals.

Key Market Competitors: Global Veterinary Molecular Diagnostics Market

Few of the major competitors currently working in the veterinary molecular diagnostics market are IDEXX Laboratories, Inc., VCA, Inc., Abaxis, Heska Corporation , Zoetis , NEOGEN CORPORATION , Thermo Fisher Scientific, Inc., Virbac, General Electric Company, Agfa-Gevaert Group., Veterinary Molecular Diagnostics, Inc.,  Novacyt Group, Qiagen , Biomedica Medizinprodukte GmbH & Co KG, Veterinary Laboratory – HealthGene Corp. , Bioneer, Abaxis, Neogen Corporatio.

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