Veterinary Diagnostics Market: Global Analysis and Opportunity Assessment 2023 |
Posted: August 1, 2018 |
Bharat Book Bureau Provides the Trending Market Research Report on "Veterinary Diagnostics Market by Product, Technology, Animal, End User - Global Forecast to 2023" under Life Sciences Category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. The global Veterinary Diagnostics Market is estimated to grow at a CAGR of 9.3% from 2017 to 2022, to reach USD 3.62 billion by 2022 from USD 2.31 billion in 2017. The growth of this market is mainly attributed to rising demand for animal-derived food products, growing demand for pet insurance, rising animal health expenditure, increasing incidence of zoonotic diseases, increasing awareness about animal healthcare, and increase in the number of veterinary practitioners and their growing income levels. Untapped emerging economies such as China and India offer significant growth opportunities. However, rising pet care costs may hinder the growth of this market to a certain extent. In this report, the veterinary diagnostics market is segmented on the basis of product, technology, animal type, end user, and region. Based on product, the market is segmented into consumables and instruments. The consumables segment accounted for the largest share of the global market in 2016. The large share of this segment is mainly attributed to the increasing adoption of diagnostic consumables such as reagent clips and cartridges, immune diagnostic test kits, PCR test kits, blood glucose strips, urine glucose strips, and other consumables. Geographically, the global market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2016, North America commanded a major share of the veterinary diagnostics market. This is mainly due to the increasing adoption of companion animals, growing pet insurance purchases, increasing demand for animal-derived food products, and rising veterinary healthcare expenditure in the region. However, Asia-Pacific is expected to register the highest growth during the forecast period. Growth in the Asia-Pacific market can be attributed to rising companion animal ownership, rising awareness about animal health, increase in demand for animal-derived food products, and growing per capital animal health expenditure. Some of the prominent players in the veterinary diagnostics market include IDEXX Laboratories, Inc. (U.S.), Abaxis, Inc. (U.S.), Neogen Corporation (U.S.), Heska Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Zoetis, Inc. (U.S.), QIAGEN N.V. (Netherlands), IDVet (France), and Virbac (France). Request a free sample copy of Veterinary Diagnostics Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/492272 Research Coverage: Reasons to Buy the Report: The report provides insights on the following pointers: Browse our full report with Table of Contents: https://www.bharatbook.com/MarketReports/Veterinary-Diagnostics-Market-by-Product-Instruments-ConsumablesTechnology-Clinical-Biochemistry-Urinalysis-Immunodiagno/492272 About Bharat Book Bureau: Contact us at: Follow us on: Twitter, Facebook, LinkedIn, Google Plus
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