Veterinary Infectious Disease Diagnostics Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026
The veterinary infectious disease diagnostics market is
projected to value over USD 2.8 billion by 2026 end and register
a CAGR
of over 8% from the forecast period 2019-2026.
The rise in the number of veterinary
practitioners and increasing animal health expenditure has attributed to the
growth of the market. Furthermore, advancements in veterinary infectious
disease diagnostics tools are boosting the market growth. In addition, the
growing cases of food and zoonotic and foodborne diseases is leading to more
efficient diagnostic options, thus propelling the market. Advancements in the
animal farming sector and positive societal approach towards animal have
resulted in the expansion of the market.
The market is bifurcated into technology,
animal type, infection type, and end-user. In terms of technology,
immunodiagnostics is expected to dominate the growth of the market. Higher
adoption of diagnostic products by farmers, government institutions and
veterinarians is driving the demand of immunodiagnostics. Moreover, an
increasing demand for accurate devices is augmenting the market growth.
In terms of animal type, the companion type
is expected to lead the market during the forecast period. The rapid adoption
of dogs, cats and rising animal disease control & prevention awareness
bolster the demand of companion animals.
Based on infection type, viral infections
segment dictates the market growth. Viral infections that spread through
animals are dangerous to humans and other animals as well. Latest
advancements in technologies to detect viral infections in animals is driving
the market growth. The Lab on a Chip technology analyzes imbalances in body
fluids like urine and blood which further augments the market.
Based on end-users, reference laboratories
are expected to dominate the market growth. The rise in the number of samples
for analysis coupled with rise in in-house testing is bolstering the market.
Regionally, North America is the global
leader of the market. The rapid increase in the adoption of companion animals
is driving the growth of the market in the region. Furthermore, an increase in
healthcare spending on animals stimulates the market growth. Additionally, the
presence of prominent players is positively influencing the market.
Asia-Pacific region is predicted to be a
lucrative market for the manufacturers. The rise in disposable income and an
increase in veterinary practitioners and clinics are propelling the market in
the region.
Prominent
players of the market are Agrolabo S.p.A, Demeditec Diagnostics GmbH, Genesig,
InBios International, Inc., DRG Diagnostics GmbH, URIT Medical Electronic Group
Co., QIAGEN N.V, IDEXX Laboratories, Thermo Fisher Scientific, Virbac, Zoetis,
Inc., Randox Laboratories LTD, Creative Diagnostics and IDVet.
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Global Veterinary Infectious Disease
Diagnostics Market Segmentation:
By Technology
Immunodiagnostics
Lateral
Flow Assays
Elisa
Tests
Other
Immunodiagnostics Products
Molecular
Diagnostics
Microarrays
By Animal Type
Companion
Animals
Dogs
Cats
Horses
Other
Companion Animals
By Infection Type
Viral
Infections
Bacterial
Infections
Parasitic
Infections
By End User
Reference
Laboratories
Veterinary
Hospitals & Clinics
Point-of-Care/In-House
Testing
Research
Institutes & Universities
By Region
North
America
Europe
Asia
Pacific
Latin
America
Middle
East & Africa
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Competitive Landscape:
Mergers
and acquisitions are bolstering the market. Zoetis Inc. acquired Abaxis, Inc.
in 2018. The move helped Zoetis to expand its diagnostic instrument portfolios
Heksa
Corporation partnered with PetVet Care Centers in 2017. The collaboration
helped them to strengthen the sell in-house laboratory diagnostic equipment in
North America
FutureWise Key Takeaways
Growth
Prospects
SWOT
Analysis
Key
Trends
Key
data-points affecting market growth
Objectives of the Study:
•
To provide with an exhaustive analysis on the global veterinary
infectious disease diagnostics market by animal type, by technology, by
infection, by end-users and by region
•
To cater comprehensive information on factors impacting market growth
(drivers, restraints, opportunities, and industry-specific restraints)
•
To evaluate and forecast micro-markets and the overall market
•
To predict the market size, in key regions (along with countries)—North
America, Europe, Asia Pacific, Latin America and Middle East & Africa
•
To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
•
Profiling of companies to evaluate their market shares, strategies,
financial and core competencies
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Website: www.futurewiseresearch.com
Contact Person: Vinay Thaploo
Email: sales@futurewiseresearch.com
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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