Global Veterinary Diagnostics Market Research Report, Industry Research Report, Market Share, Market Forecast- Ken Research

The laboratory of Veterinary Diagnostic serves a diagnostic medical testing for infectious toxins, agents and other causes of disease in animal diagnostic samples acquiesced by veterinary practitioners serving animal owners, public officials associated with public health and scientists with collaborative research projects. Whereas, the market of veterinary diagnostic has been segmented across the globe on the basis of animal type, technology, applications and product. In addition, the global veterinary diagnostic market is predominantly driven by growing livestock production and growing animal derived food. Not only has this, the rising consumer spending on pets, growing prevalence of animal diseases across the globe, innovation in veterinary diagnostics and several others key drivers which lead the market growth in the coming years more significantly. While, with the key drivers the market is having some restraints which hinder the market growth such as scarcity of arable land and water and high cost associated with the veterinary diagnostic tests. Furthermore, by utilizing the market opportunities such as growing demand for pet insurance, rising awareness regarding animal health in improving the countries and several others will lead the market growth more actively in the near future.

According to the report analysis, ‘Global Veterinary Diagnostics Market- Technologies, Market share and Industry Forecast to 2024’ states that some of the major companies which are recently functioning in this market more actively for attaining the huge market share such as Abaxis, Inc. (U.S.), Abbott Laboratories (U.S.), Acon Laboratories, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Henry Schein, Inc. (U.S.), Heska Corporation (U.S.), Horiba, LTD. (Japan), ID Vet (France), Idexx Laboratories, Inc. (U.S.), Mindray Medical International LTD. (China), Neogen Corp. (U.S.), Pfizer, Inc. (U.S.), Qiagen NV (Germany), Thermo Fisher Scientific, Inc. (U.S.), Zoetic, Inc. (U.S.) and several others. Whereas, the immune diagnostics segment in global veterinary diagnostic market is anticipated to register highest market share in terms of revenue with almost 26.1% and a earning of USD 617 million in 2017. Moreover, the segment of immunodiagnostics in this market is driven by technological advancements for developing the efficiency of items.

In 2017, Sygnis AG (Germany) introduced a new Universal lateral Flow Assay kit under Innova Biosciences brand name helping the researchers to perform research and development more significantly. Additionally, in the same year, Amsbio (U.K.) introduced Hyaluronic Acid Qualification Kit that can be utilized as an in place of ELISA test and can detect and quantify Hyaluronic. For instance, Molecular Diagnostic is anticipated to increase at the highest pace at a CAGR of 9.4%. In addition, advance technological development in PCR has also led to improvement of isothermal amplification methods such as Loop-Mediated Isothermal Amplification and Polymerase Spiral Reaction that are being utilization for clinical screening, point-of-care testing and several others.

On the basis of geography, the market of Veterinary Diagnostic is spread across the globe which majorly includes highly reputed regions such as North America, Europe, Asia Pacific and rest of the world. While, the region of North America dominates the highest share in this market by apprehending highest market share in terms of earning of almost 33.5% and a revenue of around USD 791 million in the last year (2017). Furthermore, it is expected that in the coming years the global market of veterinary diagnostic will grow more actively over the recent few years.

For more information on the research report, refer to below link:

https://www.kenresearch.com/healthcare/diagnostics/global-veterinary-diagnostics-market/171809-91.html

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