Veterinary Diagnostics Market Size, Share, Trends, Growth Analysis, Development, Revenue, Future Growth and Forecast to 2029
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Global Veterinary Diagnostics Market was valued at USD 2.6 Billion in 2021 and is expected to reach USD 5.01 Billion by 2029, registering a CAGR of 8.55% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Veterinary diagnostics are referred to the tools that are utilized in diagnosis of animal diseases that is caused owing to the microorganisms, including viruses, fungi, bacteria and pathogens, among others. These animal diagnostics tools are used for detecting disease, checking the presence of disease-causing agents, monitoring disease progression and providing optimal therapeutics.
Veterinary Diagnostics Market Dynamics
- Driver’s Animal-derived food products
The increase in the demand for animal-derived food products acts as one of the major factors driving the growth of veterinary diagnostics market.
- Incidence of Transboundary
The surge in the incidence of transboundary and zoonotic diseases among animals accelerate the market growth.
- Number of Veterinary Practitioners
The rise in number of veterinary practitioners and their rising income levels in developed economies further influence the market.
Opportunities
Furthermore, use of PCR testing panels to rule out COVID-19 virus in animals extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
Some of the major players operating in the Veterinary Diagnostics Market are:
- Almac (UK)
- Element Materials Technology Group Limited (UK)
- Eurofins Scientific (France)
- PPD Development, LP (US)
- Source BioScience (UK)
- Intertek Group plc (UK)
- Laboratory Corporation of America (US)
- BioReliance Corporation (US)
- Charles River Laboratories (US)
- WuXi AppTec (China)
- Anacura (Belgium)
- LGC Ltd (UK)
- Medpace Hldgs (US)
- Syneos Health (US)
- PRA Health Sciences (US)
- STERIS plc (US)
- Merck Group KGaA (Germany)
- PPD, Inc. (US)
Recent Developments
- Heska Corporation acquired Lacuna Diagnostics in January’2021. This acquisition aims at strengthening the company’s portfolio of telemedicine services and point-of-care digital cytology technology.
Veterinary Diagnostics Market Scope and Market Size
Product
- Instruments
- Reagents
- Consumables
Technology
- Immunodiagnostics
- Clinical Biochemistry
- Molecular Diagnostics
- Haematology
- Urinalysis
- Others
Animal Type
- Companion Animals
- Livestock Animals
Disease Type
- Infectious Diseases
- Non-Infectious Diseases
- Hereditary, Congenital, and Acquired Diseases
- General Ailments
- Structural and Functional Diseases
Species
- Bovine
- Camelid
- Canine and Feline
- Caprine
- Equine
- Ovine
- Porcine
- Avian
- Others
End User
- Reference Laboratories
- Veterinary Hospitals and Clinics
- Point-Of-Care/In-House Testing
- Research Institutes And Universities
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The veterinary diagnostics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for veterinary diagnostics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the veterinary diagnostics market.
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