According to the latest report by IMARC Group, titled, “ Veterinary Diagnostics Market: Global Industry Trends, Share, Size, Opportunity and Forecast 2021-2026“, the global veterinary diagnostics market exhibited moderate growth during 2015-2020 and expected to grew at a CAGR of 8.6% during 2021-2026.
Veterinary diagnostics rely on several tests to detect the presence of diseases among animals. They are conducted by collecting and analyzing samples of blood, urine, stool, and tissues of livestock, pet, and wild animalsto improve the quality of life of animals. Presently, they are gaining widespread adoption in pathology, bacteriology, toxicology, nutrition, and virology testing centersworldwide as veterinary diagnosticsplay an important role in disease management and the overall wellbeing of an animal.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Veterinary Diagnostics Market Trends:
A significant surge in the animal population and the adoption rate of pets globally represents one of the key factors driving the market. Moreover, the escalating demand for pet care products and servicesis promoting the growth of the market. In addition to this, the development of portable instruments, biosensors, immunoassays, non-polymerase chain reaction (PCR) techniques for disease diagnosis ispositively influencing the market. Moreover, governments of different countries, along with animal rights activists, are implementing favorable policies, which is anticipated to impel the market growth.
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Global Veterinary Diagnostics Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Altopro, S.A. de C.V., Amcor Plc, Ampacet Corporation, Chiripal Poly Films Limited, Clondalkin Flexible Packaging, Cosmo Films Limited, Futamura Chemical Co. Ltd., Innovia Films Limited (CCL Industries), Jindal Poly Films Limited, Mondi Plc, Polyplex Corporation Ltd., Printpack Holdings Inc., Toray Industries Inc. and Uflex Ltd.
The report has segmented the market on the basis of region, product, technology, animal type, disease type and end user.
Breakup by Product:
- Kits and Reagents
- Software and Services
Breakup by Technology:
- Clinical Biochemistry
- Molecular Diagnostics
Breakup by Animal Type:
- Companion Animals
- Livestock Animals
Breakup by Disease Type:
- Infectious Diseases
- Non-infectious Diseases
- Hereditary, Congenital and Acquired Diseases
- General Ailments
- Structural and Functional Diseases
Breakup by End User:
- Reference Laboratories
- Veterinary Hospitals and Clinics
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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