Global Veterinary Diagnostics Industry Size to hit $6178.34 Mn by 2020 with a CAGR of 8.6%

11/ott/2017 08.54.26 MDFtends Contatta l'autore

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According to the report Global Veterinary Diagnostics Industry, published by Market Data Forecast, The industry is estimated to reach $6178.34 Million by 2020 at a CAGR of 8.6%.

Diagnostics provide tools for effective and rapid testing to undertake preventative or remedial measures for the health of the animal population. For instance, lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock (large animals - cows, poultry, sheep, pigs, etc.) and household pets (cats, dogs, etc.) to test for the presence of a variety of medical conditions caused by bacteria, viruses, allergies, and fertility issues. Food animal diagnostics assist in livestock and production animal preventive care and complement other measures such as vaccination and selective breeding.

Browse industry data tables and in-depth TOC of the Global Veterinary Diagnostics Industry to 2020 @ http://www.marketdataforecast.com/market-reports/global-veterinary-diagnostics-market-85/

The Global Veterinary Diagnostics Industry has seen an exemplary shift in the past few years with the emergence of new and technologically advanced products, which had an optimistic impact on the overall growth of the industry. Veterinary diagnostic products are as complex as they are difficult to manufacture. Many of the rapid assay, poultry and livestock diagnostic products are biologic products which demand materials from living organisms. Because of this reason, during economic recession, United States faced a decline in consumer spending on pets, which affected the veterinary diagnostics industry. Industry development for companion animal diagnostic has depended heavily upon the purchasing and usage of in-clinic analysers or diagnostic instruments used at veterinary practices.

Global industry for Immunodiagnostics is expected to grow at a higher CAGR due to the increase in the number of foodborne diseases affecting the animals and the need to perform various tests has increased gradually. In turn, the industry for Molecular diagnostics is expected to grow at a higher than that of Immunodiagnostics due to the wide scope it provides over the likes of immunodiagnostics. Increase in purchase and usage of various diagnostic instruments that are utilized in veterinary practices, in-clinic diagnostic procedures, high income households that keep pets and regularly visit veterinary laboratories are propelling the growth of this industry. However, increasing adoption of vegetarian food due to changing food habits, the economic downturn, the increasing risk of obesity, exposure to global cuisines, and other diseases are some of the factors affecting the growth.

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The global veterinary diagnostics industry is segmented by products, type of animals, and geography. The veterinary diagnostics industry is mainly categorized by product into clinical chemistry, molecular diagnostics, haematology analysers, diagnostic imaging, immunodiagnostics, and others. The animal industry covers companion animals and food-producing animals. Furthermore, based on geography the industry is analysed under various regions, namely North America, Europe, Asia-Pacific, Latin America & Middle East & Africa. The North American industry dictates the global veterinary diagnostics industry with the largest industry share, followed by the European industry. The Latin American and Asia-Pacific industrys are expected to be the most worthwhile industry in terms of growth rate.

based on geography the industry is analysed under various regions, namely North America, Europe, Asia-Pacific, Latin America & Middle East & Africa. The North American industry dictates the global veterinary diagnostics industry with the largest industry share, followed by the European industry. The Latin American and Asia-Pacific industrys are expected to be the most worthwhile industry in terms of growth rate.

VCA Inc., Heska Corporation, Abaxis, Inc., VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc. are some the major companies catering this industry.

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Key Points from Table of Contents

Overview                                                       

  • Executive Summary                                
  • Key Inferences                                         
  • New Developments                               

Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                    

Industry: Segmentation

  • By Product                  
    • Clinical Chemistry
    • Molecular Diagnostics        
    • Haemotology         
    • Diagnostic Imaging              
    • Immunodiagnostics            
  • By Animals                  
    • Companion Animals            
    • Food-Producing Animals   

Geographical Analysis                                                              

  • North America                                          
  • Europe                                         
  • Asia-Pacific                                 
  • Latin America                                             
  • Middle East & Africa                               

Strategic Analysis                                                       

  • PESTLE analysis                                                                       
  • Porter’s Five analysis                                              

Industry Leaders' Analysis                                                        

Competitive Landscape                                                           

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