Global Veterinary Diagnostics Market Trends

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Global Veterinary Diagnostics Market Size, Share, and Trends Analysis Report Trends

  • Healthcare
  • Upcoming Report
  • Oct 2024
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Increasing Adoption of Point-Of-Care Testing (POCT) Solutions”

The veterinary diagnostics market is experiencing robust growth, driven by the increasing prevalence of zoonotic diseases and a rising pet ownership trend. A prominent trend in the veterinary diagnostics market is the increasing adoption of point-of-care testing (POCT) solutions, which offer rapid and accurate diagnostic results at the veterinary clinic or even in the field. This shift is driven by the growing demand for timely diagnosis and treatment, enabling veterinarians to make informed decisions quickly. For instance, companies such as Idexx Laboratories and Zoetis have developed portable diagnostic devices that allow for immediate testing of blood, urine, and other samples, significantly reducing wait times for results. The convenience of POCT enhances the efficiency of veterinary practices improves patient outcomes by facilitating prompt treatment initiation. Moreover, the rise of telemedicine in veterinary care has further propelled the demand for POCT, as veterinarians can remotely assess a pet's condition based on immediate test results. This trend underscores the importance of innovative diagnostics in meeting the evolving needs of veterinary professionals and pet owners alike.

Frequently Asked Questions

The market is segmented based on Segmentation By Product (Instruments and Reagents and Consumables), Technology (Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Haematology, Urinalysis, and Others), Animal Type (Companion Animals and Livestock Animals), Disease Type (Infectious Diseases, Non-infectious Diseases, Hereditary, Congenital, and Acquired Diseases, General Ailments, and Structural and Functional Diseases), Species (Bovine, Camelid, Canine and Feline, Caprine, Equine, Ovine, Porcine, Avian, and Others), End User (Reference Laboratories, Veterinary Hospitals and Clinics, Point-of-Care/In-House Testing, Research Institutes, and Universities) – Industry Trends and Forecast to 2031 .
The Global Veterinary Diagnostics Market size was valued at USD 3.06 USD Billion in 2023.
The Global Veterinary Diagnostics Market is projected to grow at a CAGR of 8.55% during the forecast period of 2024 to 2031.
The major players operating in the market include Market players covered: Almac, Element Materials Technology Group Limited, Eurofins Scientific, PPD Development LP, Source BioScience, Intertek Group plc, Laboratory Corporation of America, BioReliance Corporation, Charles River Laboratories, WuXi AppTec, Anacura, LGC Ltd, Medpace Hldgs, Syneos Health, PRA Health Sciences, STERIS plc, Merck Group KGaA, PPD -.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.