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.
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.
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
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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