The global veterinary diagnostics market stood at a value of USD 2.62 billion in 2019 and is projected to reach USD 4.37 billion by 2025 at a CAGR of 8.9% over the forecast period of 2020-2025. Veterinary diagnostics are tests that assist in identifying and detecting different animal-related illnesses. Diagnostic testing is done by taking the animals' blood, faeces, and tissue samples. Increased pet ownership with improved urban lifestyle and numerous shifts from cities to metropolitan locations are driving the veterinary diagnostics industry further.
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Properties and Applications
Veterinary diagnostics refers to a process of diagnosing diseases which affects the health of domestic and wild animals, further preventing the transmission of animal diseases to people. The veterinary diagnostics market can be divided on the basis of segments like technology, product, and animal type.
The veterinary diagnostics market can be broadly categorised on the basis of its technology into:
The industry can be divided on the basis of product types into instruments and consumables. The veterinary diagnostics market can be categorised based on animal types into companion animals and livestock animals. While companion animals can be further sub-divided into dogs, cats, horses, and others, livestock animals can be further segmented into cattle, pigs, poultry, and others.
The EMR report looks into the regional veterinary diagnostics markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The growing prevalence of animal zoonotic diseases and the growth in animal population, along with the increased pet ownership, rising demand for animal-based food products, rise in the number of veterinary practitioners, growing income levels, rising demand for pet insurance, and growing animal health expenditure are the major factors, that are accelerating the growth of the industry. Increasing pet care cost is a drawback that may affect industry growth in the coming years.
The report presents a detailed analysis of the following key players in the global veterinary diagnostics market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Questions Answered in the Report:
1.1 Objectives of the Study
1.2 Key findings of the Study
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Inference Data
3 Executive Summary
3.1 Market Overview
3.2 Market Analysis
4 Global Veterinary Diagnostics Market
4.1 Global Veterinary Diagnostics Market (2015-2019) & Forecast (2020-2025)
4.2 Global Veterinary Diagnostics Market Breakup by Technology
4.2.2 Clinical Biochemistry
4.2.3 Molecular Diagnostics
4.2.6 Other Technologies
4.3 Global Veterinary Diagnostics Market Breakup by Technology: Historical Market (2015-2019) & Forecast (2020-2025)
4.3.2 Clinical Biochemistry
4.3.3 Molecular Diagnostics
4.3.6 Other Technologies
4.4 Global Veterinary Diagnostics Market Breakup by Product
4.5 Global Veterinary Diagnostics Market Breakup by Product: Historical Market (2015-2019) & Forecast (2020-2025)
4.6 Global Veterinary Diagnostics Market Breakup by Animal Type
4.6.1 Companion Animals
4.6.2 Livestock Animals
4.7 Global Veterinary Diagnostics Market Breakup by Animal Type: Historical Market (2015-2019) & Forecast (2020-2025)
4.7.1 Companion Animals
4.7.2 Livestock Animals
4.8 Global Veterinary Diagnostics Market Breakup by Region
4.8.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
4.8.3 Asia Pacific
4.8.4 Latin America
4.8.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
4.9 Global Veterinary Diagnostics Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
4.9.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
4.9.3 Asia Pacific
4.9.4 Latin America
4.9.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
5 SWOT Analysis
6 Porter’s Five Forces Analysis
6.2 Buyer’s Power
6.3 Supplier’s Power
6.4 New Entrants
6.5 Degree of Rivalry
7 Key Players & Company Profile Analysis
7.1 Randox Laboratories, Ltd.
7.3 Biomérieux SA
7.5 Heska Corporation
7.6 Neogen Corporation
7.7 Thermo Fisher Scientific
7.9 Zoetis, Inc.
7.10 Abaxis, Inc.
7.11 Idexx Laboratories
8 Events and Developments
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