According to the latest report by IMARC Group, titled, “ Veterinary Diagnostics Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2021-2026“, the global veterinary diagnostics market exhibited moderate growth during 2015-2020 and expected to grew at a CAGR of 8.6% during 2021-2026.
Veterinary diagnostics include a wide range of tests conducted to detect the presence of any diseases among animals. They are carried by analyzing the samples of blood, feces, and tissues of animals. These tests utilize various technologies, such as polymerase chain reaction, real-time polymerase chain reaction, in-situ hybridization, immunohistochemistry, and gene sequencing. The primary test helps in detecting diseases in healthy animals, and confirmatory tests aid in classifying disease status in a clinically diseased animal. As a result, veterinary diagnostics are extensively adopted across pathology, bacteriology, toxicology, nutrition, and virology testing centers.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Veterinary Diagnostics Market Trends:
A significant increase in pet adoption, along with the high prevalence of several diseases among pets, is augmenting the demand for veterinary diagnostics. Furthermore, with the escalating demand for animal-derived pet food products, there is a growing need for veterinary diagnostic services to detect viral infections, zoonotic gastrointestinal diseases, tuberculosis, rabies, etc. Additionally, numerous technological advancements have led to the development of improved immunoassays, biosensors, non-polymerase chain reaction techniques for proteomics for disease diagnosis and nucleic acid detection. Besides this, the increasing adoption of rapid tests and portable instruments for the effective diagnosis of diseases will further continue to drive the global market for veterinary diagnostics.
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Global Veterinary Diagnostics Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Altopro, S.A. de C.V., Amcor Plc, Ampacet Corporation, Chiripal Poly Films Limited, Clondalkin Flexible Packaging, Cosmo Films Limited, Futamura Chemical Co. Ltd., Innovia Films Limited (CCL Industries), Jindal Poly Films Limited, Mondi Plc, Polyplex Corporation Ltd., Printpack Holdings Inc., Toray Industries Inc. and Uflex Ltd.
The report has segmented the market on the basis of region, product, technology, animal type, disease type and end user.
Breakup by Product:
- Kits and Reagents
- Software and Services
Breakup by Technology:
- Clinical Biochemistry
- Molecular Diagnostics
Breakup by Animal Type:
- Companion Animals
- Livestock Animals
Breakup by Disease Type:
- Infectious Diseases
- Non-infectious Diseases
- Hereditary, Congenital and Acquired Diseases
- General Ailments
- Structural and Functional Diseases
Breakup by End User:
- Reference Laboratories
- Veterinary Hospitals and Clinics
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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