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The global veterinary diagnostics market is driven by the rising population of companion animals and the growing prevalence of animal zoonotic diseases. The Asia Pacific region is expected to witness a rapid growth over the forecast period owing to the escalating adoption of veterinary diagnostic products and the increasing demand for animal-derived food products. Developing markets like India, China, and Latin America are predicted to observe lucrative growth opportunities in the forecast period in the veterinary diagnostics market.
Heska Corporation (NASDAQ: HSKA) and Randox Laboratories, Ltd. are some of the major companies in the veterinary diagnostics industry. In October 2019, Randox Laboratories, a global diagnostics company, announced the launch of Randox Canine CRP, a new smaller veterinary test kit for the diagnosis of the viral and bacterial infections in dogs. The product is suitable for testing on an extensive range of breeds and controls the levels of C-Reactive Protein (CRP) secreted by the liver in response to infectious disease, inflammation, and tissue injury, and has been recreated in a smaller version to minimize the consumable wastage veterinary diagnostics market. The product can also help determine the pregnancy of a dog.
Market Analysis by Technology, Product, Animal Type, and Regions:
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Randox Laboratories, Ltd., Idvet, Biomérieux SA, Virbac, Heska Corporation, Neogen Corporation, Thermo Fisher Scientific, Qiagen, Zoetis, Inc., Abaxis, Inc., and Idexx Laboratories, among others, are the key players in the global veterinary diagnostics market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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