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GLOBAL INDUSTRY INSIGHT:
Veterinary Diagnostics Market Size, Share, Development, Growth and
Demand Forecast to 2020
Global Veterinary Diagnostics Market Size, Share, Development,
Growth and Demand Forecast to 2020
The global veterinary diagnostics market is growing significantly due rising requirement for combat antimicrobialresistant bacteria, increasing awareness of animal health in emerging economies, and growing investment in
developing economies in the industry. Increasing number of new and technologically advanced products in
veterinary diagnostics market is creating sufficient opportunity for the veterinary diagnostics market to grow at a
substantial rate in the forecasted period. In addition, massive unexplored market in veterinary diagnostics industry
of developing economies are creating ample opportunities for the veterinary diagnostics market to grow at a
considerable rate in the coming years.
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The advanced research and development facilities, and new and innovative product developments by the
companies to improve their product portfolio are propelling the growth of the veterinary diagnostics industry.
Mounting usage of nanotechnology in veterinary diagnostics, modification of human diagnostic application into
veterinary diagnostics, and increasing demand for precise, and quick molecular diagnosis are some of the major
trends of the global veterinary diagnostic market.
The veterinary diagnostics market is categorized on the basis of product, type of animal and end users. On the
basis of products of veterinary diagnostics, the market can be categorized as clinical chemistry, hematology
analyzers, diagnostic imaging, immunodiagnostic tests, molecular diagnostic tests and other veterinary diagnostic
tests. Clinical chemistry leads the veterinary diagnosis market due to widening application of various clinical
assay in veterinary diagnosis and increasing demand for clinical diagnostic tests for food processing animals.
Clinical chemistry includes urine analyzers and other clinical chemistry test. Diagnostic imaging is further
segmented as ultrasound imaging, MRI scanning and other diagnostic imaging technologies.
On the basis of type of animal, the veterinary diagnostics market is segmented as companion animals and food
producing animals. The companion animals segment includes dogs, horses and cats. The food producing animals
include pigs, cattle, poultry, and others. Moreover, on the basis of end users, the veterinary diagnostics market is
segmented into veterinary hospitals and clinics, research institutions, point-of-care testing, and others.
Some of the factors driving the growth of global veterinary diagnostics market are increasing prevalence of
disease eruption in animals, rising innovative veterinary diagnostics, increasing per capita income in emerging
economies, and increasing prevalence of zoonotic diseases. In addition, rising public awareness about animal
diseases, and increasing companion animals and food processing animals are also fuelling the growth of the
global veterinary diagnosis market. However, increasing adaption of vegetarian diet, and economic slowdown are
some of the factors restraining the growth of the global veterinary diagnostics market to some extent.
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Global Veterinary Diagnostics Market Size, Share, Development,
Growth and Demand Forecast to 2020
Geographically, North America will be leading the global veterinary diagnostics market in the coming years, due to
increasing awareness of animal health and increasing ability of veterinarians to provide animal diagnostics
services. Asia-Pacific is the fastest growing region in the global vaccine market. The major reasons for the fastest
growth of veterinary diagnostics market in the region are rising number of companion animals due to mounting
urbanization, and rise in per-capita income, in the region. Moreover, the veterinary diagnostics market is growing
due to increasing awareness of animal health in the emerging countries, such as India and China, of Asia-Pacific
region.
Browse related market research at: https://www.psmarketresearch.com/industry-report/medical-devices
Some of the companies operating in the global veterinary diagnostics market are IDEXX Laboratories, Inc., Virbac
SA, Zoetis, Inc., Thermo Fisher Scientific, Inc., ABAXIS, Inc., Virbac SA, Neogen Corporation, VCA Antech, Inc.,
HESKA Corporation, and Mindray Medical International, Ltd.
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