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The Veterinary Diagnostics Market is segmented by Technology (immunodiagnostics, clinical biochemistry, molecular diagnostics, hematology, urinalysis, and other technologies), Animal Type, and Geography.
Fastest Growing Market:
The veterinary diagnostics are tests, which help in determining and detecting various disorders associated with animals. The diagnostic tests are performed by taking the blood, feces, and tissue samples, of animals. The increased pet ownerships with improving urban lifestyle and many shifting from towns to urban localities across developed and emerging markets drive the demand for veterinary healthcare as well as its diagnostics. Also, the rise in zoonotic and foodborne diseases, have increased the responsibility of owners and animal healthcare organizations to invest more in their healthcare. Apart from that, there are many private insurance companies in developed markets that are attracting owners and companies which are propelling the growth of veterinary diagnostics market. However, increased pet care costs and substandard veterinary healthcare facilities act as among the major restraints for the veterinary diagnostics market.
With the growing importance given to pet care and agriculture importance through farm animals, the veterinary diagnostics is becoming a more important subject in the present era. The scope of this report, thus, covers the market segmentation by veterinary diagnostic tests, and animal type in both companion and farm animals.
|By Animal Type|
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Growing importance is now been given to rapid tests, which helps in providing results within 24 hours or during the initial examination period of an animal. Molecular diagnostics are therefore very powerful diagnostic tools for both farm animals and pets to protects the animals from infectious diseases such as influenza. There are certain programs/initiatives run by veterinary healthcare companies to improve upon animal disease control, thus, enhancing their biotechnology scope. The studies involve manipulation of DNA through facilities to improve upon protein sequencing of the target and recombinant DNA technologies. Furthermore, with the rising pet ownership and increasing awareness, the veterinary diagnostics market is expected to grow.
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The United States and Canada have a growing number of people adopting pets and several facilities provide proper pet care services in major cities of these countries. With increasing urban nature of the societies and more investments towards the animal as protection of their household as well as improving upon human-animal relationship, drives the market of veterinary diagnostics in this region. Also, the steady importance given to agricultural contribution to these countries makes the owner more responsible for better care of farm animals. The healthcare expenditure compared to other countries, also fuels the market growth in North America. Thus, it should hold a major share of the market, over the forecast period.
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The major market players are focusing on improved diagnostics techniques for animal care, especially protecting the animals from diseases from changing weather conditions. Some of the major players in the market are Biomérieux SA, Idexx Laboratories, Virbac, Thermo Fisher Scientific and Zoetis, Inc, among others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growth in Population of Companion Animals and Their Owners
4.2.2 Increased Burden of Animal Zonotic Diseases
4.2.3 Growing Pet Insurance and Animal Health Investments
4.3 Market Restraints
4.3.1 Increased Pet Care Costs
4.3.2 Substandard Healthcare Facilities in Low and Middle Income Countries
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Technology
5.1.2 Clinical Biochemistry
5.1.3 Molecular Diagnostics
5.1.6 Other Technologies
5.2 By Animal Type
5.2.1 Companion Animals
188.8.131.52 Other Companion Animals
5.2.2 Livestock Animals
184.108.40.206 Other Livestock Animals
5.3.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle-East and Africa
5.3.5 South America
18.104.22.168 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Neogen Corporation
6.1.2 Biomerieux SA
6.1.3 Heska Corporation
6.1.4 Idexx Laboratories
6.1.6 Qiagen N.V.
6.1.7 Randox Laboratories, Ltd
6.1.8 Thermo Fisher Scientific
6.1.10 Zoetis, Inc
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments