Global Veterinary Diagnostics Market – Industry Trends & Forecast to 2026

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Global Veterinary Diagnostics Market – Industry Trends and Forecast to 2024

Global
Upcoming Reports
  • No of pages :
    350
  • No of Figures:
    60
  • No of Tables:
    220
  • Report Type:
    Upcoming
  • Category:

Global Veterinary Diagnostics Market By Product Type (Instruments and Consumables); Technology (Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Hematology, Urinalysis, Others); Animal Type (Companion Animals, Livestock Animals); End-Users (Hospitals and Clinics, Reference Laboratories, Universities/Research Institutions, Point-of-care/In-house Testing), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis: Global Veterinary Diagnostics Market

Global veterinary diagnostics market is expected to rise to an estimated value of USD 5.39 billion by 2026 registering a healthy CAGR of 10.10% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising number of animals, rising demand for animal derived products and the increasing number of pet ownerships.

Market Definition: Global Veterinary Diagnostics Market

Veterinary diagnostics is an effective method involving diagnosis, treatment and prevention of animal disease through rapid testing or undertaking preventive measures for animal population. It provides testing for infectious agents, toxins, and other. The main aim is to identify the cause of the disease, discover steps to eliminate the disease, and to ensure good health of both domestic animals and wildlife.

Market Drivers

  • Increasing number of food producing and companion animals
  • Rising awareness about pet insurance and its growing purchase boosts the growth of this market
  • Rising demand for animal-derived food products
  • Rising animal health expenditure
  • The increasing number of disease outbreaks in animals and zootonic diseases arising in humans drives the growth for veterinary diagnostics
  • Increasing pet ownerships is increasing number of pet owners taking care of their health, thereby increasing the pet care cost, boosting the market to grow
  • Increasing per capita income in emerging economies enables people to adopt more pets

Market Restraints

  • Lack of awareness about animal healthcare
  • Increasing adaption of vegetarian diet hampers the growth of this market

Segmentation:

By Product Type

  • Instruments
  • Consumables

By Technology

  • Immunodiagnostics
    • Lateral Flow Assays
      • Lateral Flow Rapid Tests
      • Lateral Flow Strip Readers
    • ELISA Tests
    • Allergen-specific Immunodiagnostic Tests
    • Immunoassay Analyzers
    • Other Immunodiagnostic Products
  • Clinical Biochemistry
    • Clinical Chemistry Analysis
      • Clinical Chemistry Reagent Clips and Cartridges
      • Clinical Chemistry Analyzers
    • Glucose Monitoring
      • Blood Glucose Strips
      • Glucose Monitors
      • Urine Glucose Strips
    • Blood Gas & Electrolyte Analysis
      • Blood Gas & Electrolyte Reagent Clips and Cartridges
      • Blood Gas & Electrolyte Analyzers
    • Molecular Diagnostics
      • Polymer Chain Reaction (PCR) Tests
      • Microarrays
      • Other Molecular Diagnostic Products
  • Hematology
    • Hematology Cartridges
    • Hematology Analyzers
  • Urinalysis
    • Urinalysis Clips & Cartridges/ Panels
    • Urine Analyzers
    • Urine Test Strips
  • Other Veterinary Diagnostic Technologies

By Animal Type

  • Companion Animals
    • Dogs
    • Cats
    • Horses
    • Other Companion Animals
  • Livestock Animals
    • Cattle
    • Pigs
    • Poultry
    • Other Livestock Animals

By End User

  • Hospitals and Clinics
  • Reference Laboratories
  • Universities/Research Institutions
  • Point-of-care/In-house Testing

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In June 2018, Pathway Vet Alliance, a pioneering leader in veterinary management has entered into a strategic partnership with Heska Corporation, a point of care diagnostics veterinary company, in order to enhance, develop and improvise the nations veterinary care hospitals with advanced technologies and medicinal drugs, to ensure better cure and treatment of animals
  • In May 2018, Zoetis, the leading animal health company is to take over and acquire Abaxis, a worldwide pioneer in providing and manufacturing veterinary point-of-care diagnostic instruments. This acquisition would boost Zoetis growth, as it would enrich its presence in animal diagnostics, expanding its product line to include advanced veterinary diagnostics instruments. It would be able to deliver better solutions to prevent, diagnose, and cure animal diseases, thereby leading to the overall growth of this market

Competitive Analysis: Global Veterinary Diagnostics Market

Global veterinary diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary diagnostics market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Veterinary Diagnostics Market

Few of the major market competitors currently working in the veterinary diagnostics market are Abaxis, Henry Schein Animal Health, Heska Corporation, IDvet, Pfizer Inc., Virbac., Bio-Rad Laboratories, Inc., Mindray DS USA, Inc., VCA Inc., Zoetis, QIAGEN, URIT MEDICAL ELECTRONICS CO., LTD., IDEXX Laboratories, Inc., NEOGEN CORPORATION, bioMérieux SA, Randox Laboratories Ltd., among others.

Research Methodology: Global Veterinary Diagnostics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

  • Current and future of global veterinary diagnostics market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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