Agriculture / Veterinary Diagnostic Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Pfizer, Thermo Fisher Scientific, Henry Schein, Virbac,
Veterinary Diagnostic Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Pfizer, Thermo Fisher Scientific, Henry Schein, Virbac,
Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Veterinary Diagnostic Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 9.7% during the review period (2022 to 2027).
Veterinary Diagnostic Market Overview
Veterinary diagnostics refer to various tests conducted to detect the occurrence of disorders among animals. They are accompanied by analyzing the samples of blood, feces and tissues of livestock, wild and pet animals. These tests are based on various technologies, such as polymerase chain reaction (PCR), real-time polymerase chain reaction (RT-PCR), in situ hybridization (ISH), immunohistochemistry (IHC) and gene sequencing. The primary test categories contain screening tests that are used for the detection of a disease in healthy animals and confirmatory tests that are conducted to organize disease status in a clinically diseased animal. As a result, they are commonly used in pathology, bacteriology, toxicology, nutrition and virology testing centers.
The animal diagnostics market is increasing rapidly, fueled by the growing emphasis on prevention and control of zoonotic animal diseases openly affecting the human population worldwide According to the data published by the Centers for Disease Control and Prevention (CDC) in 2017, around ten thousand Americans suffer from zoonotic diseases every year. The growing prevalence and increase in the incidence rate of zoonotic diseases have now become one of the major public concerns globally.
Who are the Major Players in Veterinary Diagnostic Market?
The global Veterinary Diagnostic Marketincludes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Pfizer, Thermo Fisher Scientific, Henry Schein, Virbac, Zoetis, IDVet, Abaxis, Heska Corporation, Idexx, Biochek, VCA Antech.
Thermo Fisher Scientific Inc. announced the release of a new Raman spectroscopic analyzer for process monitoring for a variety of applications, including biopharmaceutical manufacturing. The Thermo Scientific Ramina Process Analyzer offers non-destructive and continuous analysis without the need for sample preparation, with rapid system setup and deployment in as little as 15 minutes to generate spectral data on target analytes within seconds.
September 9, 2020 : Zoetis announced the launch of their new diagnostic platform, Vetscan Imagyst for the detection of intestinal parasites in pets at the time of visits to veterinary clinics. This platform uses image recognition technology, algorithms and cloud based artificial intelligence which helps them deliver accurate test results.
What are the major Applications, Types and Regions for Veterinary Diagnostic Market?
The veterinary Diagnostic Market is segmented based on the Type, Applications and Regions.
By Type, it is segmented into
Immunodiagnostic Tests
Molecular Diagnostics
Diagnostic Imaging
Hematology Analyzers
Clinical Chemistry
Others
By Applications, it is segmented into
Farm Animals
Companion Animals
Others
Veterinary Diagnostic Market Regional Analysis
North America accounted for the largest revenue share of more than 50.1% in 2021. There has been an important rise in veterinary healthcare spending in the region, which is anticipated to accelerate the market growth. Furthermore, the occurrence of healthcare programs and the rise in the number of initiatives to encourage animal health are factors anticipated to increase the growth potential in this region. For instance, the North American Pet Health Insurance Association is focused on increasing the awareness levels about health insurance coverage for pets.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Veterinary Diagnostic Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 9.7% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Veterinary Diagnostic Report
Evaluate Veterinary Diagnostic market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Veterinary Diagnostic market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Question -
What is the study period of this market?
The Veterinary Diagnostic Market is studied from 2022-2027.
Who are the prime players in the Veterinary Diagnostic Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
