Veterinary Diagnostics Market by Product (Instruments and Consumables), Technology (Clinical Biochemistry, Urinalysis, Immunodiagnostics, Hematology, and Molecular Diagnostics), Animal Type (Dogs, Cats, Horses, Cattle, Pigs, and Poultry), and End User - Global Forecast to 2022

Published: April 2017
No. of Pages: 294
    ReportsandReports

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, immunodiagnostic 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 capita 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).

Research Coverage:

This report covers drivers, restraints, opportunities, challenges, and market trends. The report also covers the product portfolio analysis of the veterinary diagnostic products and vendor benchmarking of the top players in this market. In addition, this report highlights the growth strategies adopted by the major market players to garner large shares in the veterinary diagnostics market.

Reasons to Buy the Report:

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn help firms in garnering a greater share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for increasing their market shares.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the veterinary diagnostics market. The report analyzes the veterinary diagnostics market by product, technology, animal type, enduser, and region
  • Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the veterinary diagnostics market
  • Market Development: Comprehensive information about lucrative emerging markets by product and region
  • Market Diversification: Exhaustive information about new products, growing geographies, recent developments, and investments in the veterinary diagnostics market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the veterinary diagnostics market

Published By: MarketsandMarkets
Product Code: MarketsandMarkets1819


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: