The objectives of this study are to define, segment, and project the size of the Veterinary Diagnostics Market based on company, product type, application and key regions.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Veterinary Diagnostics Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
The global veterinary diagnostics market size was USD 6.63 Billion in 2021 and is expected to register a revenue CAGR of 11.2% during the forecast period. Increasing number of laboratories adopting more creative techniques owing to recent advancements in diagnostics is a major factor driving market revenue growth. Veterinary diagnostics is an important and integral component for management as well as prevention of disease outbreak among animals.
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A few of the unique viruses that have appeared or reemerged in recent years and had a severe impact on a variety of industries, including animal husbandry, dairy, and other sectors, are tomato yellow leaf curl virus and citrus tristeza virus. Major viral infections cannot be cured, but if they are caught early and closely watched, they can spread more slowly, therefore globally, new Point-of-Care (PoC) testing utensils and breakthroughs in virus detection are needed.
Competitive Outlook:
The global Veterinary Diagnostics market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Veterinary Diagnostics market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Key participants include Zoetis, Heska Corp., IDEXX Laboratories Inc., Agrolabo S.p.A., IDvet, Virbac, Thermo Fisher Scientific Inc., Neogen Corp., Covetrus, and iM3Vet Pty Ltd.
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Valuable Market Insights:
The report examines the most recent changes in each regional segment's consumption habits.
The report's extensive market segmentation aids in understanding the revenue and projected growth of the various geographical areas.
The study clarifies the past and present market conditions and gives a succinct estimate of the worldwide Veterinary Diagnostics market's annual growth rate.
The study also covers recent industry trends, technical developments, revenue growth, and other factors influencing market expansion.
Key regions covered in the report:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Veterinary Diagnostics industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
Emergen Research has segmented the global veterinary diagnostics market based on type, species, end-use, and region:
-
Type Outlook (Revenue, USD Billion; 2019-2030)
- Consumables
- Instruments & Devices
- Reagents & Kits
-
Species Outlook (Revenue, USD Billion; 2019-2030)
- Bovine
- Canine
- Avian
- Others
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End-use Outlook (Revenue, USD Billion; 2019-2030)
- Veterinary Hospitals
- Research Institutes
- Others
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