Veterinary Diagnostics Market (By Product: Instruments & Devices, Consumables, Reagents & Kits; By Species: Camelid, Bovine, Canine and Feline, Caprine, Avian, Ovine, Equine, Porcine, Others; By Testing Category: Bacteriology, Analytical Services, Diagnostic Imaging, Immunoassays, Pathology, Molecular Diagnostics, Parasitology,-Virology, Serology, Others; By Disease Type: Non-Infectious, Infectious, General Ailments, Hereditary, Congenital and Acquired, Structural and Functional; By End Use: Veterinary Hospitals and Clinics, Research Institutes and Universities, Laboratories, Point-Of-Care/In-House Testing) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Pages : 190

According to Acumen Research and Consulting, the global veterinary diagnostics market size is expected to reach around US$ 5.4 billion by 2026 and growing at noteworthy CAGR around 7 % throughout the forecast period 2019 to 2026.

The tests that help identify and determine several illnesses of livestock include veterinary diagnostics. These experiments are conducted with countless techniques using their samples of feces, blood and tissue. Veterinary diagnostics also use the latest techniques and techniques intended for human diagnostics extensively.

The report provides analysis of global Veterinary Diagnostics market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Insights

Growth has been ascribed to several variables including an increase in the spending on animal health, incidence of zoonotic disease and the amount in developing and developing areas of veterinarian professionals and their incomes. The market is generally divided into two classifications: cattle and pets. In the following years, sophisticated diagnostic techniques, such as analytical services, molecular testing, immunodiagnostics and clinical chemistry are projected to grow considerably in the industry, and are now widely used in the veterinary health industry.

The firms are expected to invest more in the development of their production installations, which, in turn, should affect demand and veterinary diagnostics worldwide. Most of these trials are biological tests, such as quick trials needing, among other things, enzymes and antibodies, tissue samples and blood and cell culture. These experiments are extremely vulnerable and require knowledge for analysis and performance. There are often false results or incorrect evaluations made while conducting the experiments which could prove fatal to the pets. This makes the diagnostic element of animal health and well-being extremely important.

Increased incidences of zoonotic and food-borne diseases around the globe have motivated firms to create effective diagnostic alternatives for both animals and animals. In addition, increasing livestock ownership, expenses in animal care and less expensive regulation dynamics for diagnostic approvals support the development of accompanying animal diagnostics. Moreover, the development in the industry has been accelerated by the increasing use of IVD testing and the recent techniques such as nanotechnology, fluorometric diagnostics. In addition, the demand for internal diagnostic instruments and technology has grown in the study centers and laboratories. These variables contribute to the increase in revenues in this market.

Product Stance

The greatest development for consumables is anticipated in the forecast era with a CAGR of over 7.1%. A profound understanding of the demand of such goods in veterinary clinics, hospitals, laboratories, etc. determines the general market for veterinary diagnostics. In addition, demand for point diagnostics of animal animals on the market is on the rise. Few of the diagnoses of care for accompanying pets are blood glucose monitors, pregnancy kits, strips of urinalysis, etc. While most diagnostic tests for livestock continue to be limited to laboratories because of the elevated sensitivity demands and the efficacy of their disease tests. Tonometer, laryngoscopes, centrifuges and analyzers are amongst those diagnostic tools and tools used for animal disease testing. It is projected that the future revenues of this segment will rise significantly owing to its greater consumption, utilization and disposal rates. Therefore, in the coming years, this segment will develop significantly.

Species Stance

Different species of animals that are diagnosed under various medical circumstances are regarded to be a vast sector of the animal health industry, with cattle (beef and milk) as dominant species, as well as animals (e.g., cow, poultry, sheep and pig, etc.). Cats and dogs are regarded as the top subsegment in the section of accompanying livestock. In the developing countries, the industry is also experiencing constant development. This is because animal products and animal protein are increasingly demanded. The world's cattle industry is increasing quickly, according to the World Health Organization (WHO). The world's meat production is forecast to increase to 376 million in 2030, from 218 million tonnes in 1997.

The demand for quality, secure food around the world is likely to boost. In the coming years, the market in veterinary diagnostics is expected to see an increase in the amount of animals, medications and diagnostics.

Disease Type Stance

The world's human and animal population and their well-being suffer from animal diseases. In the event of epidemic and spread of infections from animals to animals or animals to humans these illnesses should be effectively managed. There are few examples of common animal illnesses: brucellosis, flu, foot and mouth illnesses, respiratory, reproductive, herpes and tuberculosis. The non-infectious illnesses subsegment currently maintains a market of more than 5% of the forecast period with a CAGR. Innovative techniques for the detection of illnesses in livestock have grown in market numbers. The Chip Lab, for example, can evaluate electrical imbalances in body fluids such as urine, blood and milk.

Testing Category Stance

The test type sector is anticipated to thrive over the forecast period by inventing sophisticated animal diagnostic techniques, such as nucleic acid diagnostics, PCRs, biomarkers and biosensors. These methods have been adopted as routine diagnostic instruments by veterinary laboratories and health practitioners. These experiments are useful when big specimens are tested and searched. Of the several test kinds, the fastest-growing sub-categories include immunodiagnostics, molecular diagnostics, analytical services and clinical chemistry. Nanotechnology, moreover-it promises screening various pathogens in a single test-is also the next large step for veterinary diagnostics. These sophisticated techniques can greatly enhance the diagnostic capacities for animal diseases while decreasing the time and price of standard techniques.

End Use Stance

Nowadays, sophisticated analysts from hospitals have been used in veterinary facilities and study centres, adding to the market's income development. End customers like pet owners benefit valuably from sophisticated technological instruments such as in-house analyzers and point-of-service diagnostics for their comfort and fast outcomes.

Point of animal care testing also shows development in the forecast horizon with a CAGR of more than 7.5 per cent. Today, technology improves every day, and provides medical experts and veterinarians with enormous possibilities to enhance animal health.

Regional Stance

In the veterinary diagnostics industry, Europe has the biggest market share in the North American market. This may be because accompanying pets in this region are increasingly adopting, as animal healthcare expenditure has risen. In addition, many business players and well-established infrastructures exist in these areas. In addition, the resulting greater share is also attributed to the assistance provided by government organizations combining greater R&D investment. There are also anticipated to be strong growth opportunities on this market from emerging markets, like China, India and LA. Asian economies in this sector are thought to have the greatest development.

Market Segmentation

Global Veterinary Diagnostics Market, By Product

  • Instruments & Devices
  • Consumables, Reagents & Kits

Global Veterinary Diagnostics Market, By Species

  • Camelid
  • Bovine
  • Canine and Feline
  • Caprine
  • Avian
  • Ovine
  • Equine
  • Porcine
  • Others

Global Veterinary Diagnostics Market, By Testing Category

  • Bacteriology
  • Analytical Services
  • Diagnostic Imaging
  • Immunoassays
  • Pathology
  • Molecular Diagnostics
  • Parasitology
  • Virology
  • Serology
  • Others

Global Veterinary Diagnostics Market, By Disease Type

  • Non-Infectious
  • Infectious
  • General Ailments
  • Hereditary, Congenital and Acquired
  • Structural and Functional

Global Veterinary Diagnostics Market, By End Use

  • Veterinary Hospitals and Clinics
  • Research Institutes and Universities
  • Laboratories
  • Point-Of-Care/In-House Testing

Global Veterinary Diagnostics Market, By Geography

  • North America.
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “Veterinary Diagnostics Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Veterinary Diagnostics market segments with market dynamics and their impact. The report also covers basic technology development policies.

Key Players & Strategies

Main players in the market include are Thermo Fisher Scientific Inc, Abaxis Inc, ., IDVet, Agrolabo SPA, Idexx Laboratories Inc, Neogen Corp, Merck, Heska Corporation, Qiagen N.V, Virbac Corp, Zoetis, IncIm3 Inc, VCA Antech and Henry Schein Inc. others.

These respondents are particularly involved in the introduction of new products, clinical / in-house analysers and point-of-service diagnostic instruments for animal health suppliers, veterinarians

Related Reports

Medical Nonwoven Disposables Market (By Product: Incontinence Hygiene Products, Surgical Non-woven Products; By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Online Platform) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global medical nonwoven disposables market is forecasted to grow at a CAGR of 6.6% over the forecast time frame and reach around US$ 26.1 billion by 2026. The report provides analysis of global medical non-woven disposables market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Nonwovens are a unique category of textile product enginee

Plastic Surgery Instruments Market (By Type: Handheld Surgical Instruments, Electrosurgical Instruments; By Procedure: Face and Head Procedures, Breast Procedures, Body and Extremities Procedures, Reconstruction Surgeries) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global plastic surgery instruments market size is anticipated to reach around US$ 1.7 billion by 2026 and expected to grow at a CAGR of 8.5% from period 2019 to 2026. Plastic surgery involves the restoration, replacement, alteration and rehabilitation of body regions, such as the head, skin, musculoskeletal, breast and others. The two main kinds of plastic surgery are cosmetic and reconstructive. Cosmetic o

Upper Limb Prosthetics Market (By Component: Prosthetic Arm, Prosthetic Wrist, Prosthetic Shoulder, Prosthetic Elbow, Terminal Devices; By Product: Body Powered Prosthetic Devices, Passive Prosthetic Devices, Hybrid Prosthetic Devices, Myoelectric Prosthetic Devices; By Cause: Vascular Disease and Diabetes, Trauma, Cancer; By End Use: Ambulatory Surgical Centers, Hospitals, Prosthetic Clinics) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global upper limb prosthetics market size is expected to worth US$ 1.9 billion by 2026 and poised to grow at a CAGR around 10.5 % from period 2019 to 2026. The prothetics of the upper limbs have gone a long way from their ancient origins to advanced and advanced protheses of today's moments.  Today, the highest prothesis implants consist of aluminum, plastics and sophisticated composite components. The

MRI-Guided Neurosurgical Ablation Market (By Product: Accessories, MRI-guided Laser Ablation Systems, MRI-guided Focused Ultrasound Systems, MRI-guided Radiofrequency Ablation Systems; By End-use: Clinics, Ambulatory Surgical Centers, Hospitals) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global MRI-guided neurosurgical ablation market is forecasted to grow at a CAGR around 4.3% from period 2019 to 2026 and reach around US$ 5.4 billion by 2026. The report provides analysis of global MRI-guided Neurosurgical Ablation market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights An gr

Self-Monitoring Blood Glucose Devices Market (By Product: Continuous Glucose Monitors, Lancets, Self-monitoring Blood Glucose Meters, Testing Strips; By Application: Type 2 Diabetes, Type 1 Diabetes, Gestational Diabetes; By End-Use: Home Usage, Hospitals, Diagnostic Clinics & Centers) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Introduction According to Acumen Research and Consulting, The global self-monitoring blood glucose devices market size is expected to reach US$ 19 billion by 2026 and market is growing at a CAGR of 5 % from 2019 to 2026. Diabetes is a clinical disorder in which the blood glucose level rises owing to the pancreas ' incapacity to generate insulin. Monitoring glucose is one of the most important measures in the leadership of diabetes

Ovarian Cancer Diagnostics Market (By Diagnosis Type: Imaging, Biopsy, Blood Test, Others; By Cancer Type: Germ Cell Tumor, Stromal Cell Tumor, Epithelial Tumor, Others; By End-Use: Cancer Diagnostic Centers, Hospital Laboratories, Research Institutes, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Introduction  According to Acumen Research and Consulting, the global ovarian cancer diagnostics market is forecasted to grow at striking CAGR around 5.9 % over the forecast time frame and reach around US$ 1.8 billion by 2026. One of the most prevalent kinds of cancer in females is ovarian cancer. It is a cancer which begins in the ovaries. Ovary is a woman reproductive organ that contains eggs or ova. There are two ovaries i

Cart Summary