Veterinary diagnostics refer to several tests perform to detect the existence of disorders among animals. They are carried out by examining the samples of blood, feces and tissues of livestock, wild and pet animals. These tests relies on several technologies, such as real-time polymerase chain reaction (RT-PCR), polymerase chain reaction (PCR), in situ hybridization (ISH), immunohistochemistry (IHC) and gene sequencing. The basic test categories are screening tests which are used for the detection of a disease in healthy animals, and confirmatory tests which are done to classify disease status in a clinically diseased animal. The global veterinary diagnostics market is projected to grow majorly, in terms of revenue, during the forecast period. Use of better technologies for diagnosis and treatment of animals has compelled the market. Veterinary treatment has recently become an issue of global discussion and debate. Huge number of students who intend to study and specialize in veterinary care has also accelerated the veterinary diagnostics market growth. Moreover, the governments in various regions are driven to develop state-of-the-art veterinary hospitals and healthcare centers. Thus, the global veterinary diagnostics market is estimated to grow considerably in the next few years. Furthermore, the increasing inclination of the people toward the adoption of pets also propels the veterinary diagnostics market. Various countries in Europe promote the adoption of pets as an exercise to heal people suffering from ill-health and depression. It is projected that one in every three persons intends to or has a pet in the U.S. The factors mentioned above are propelling the global veterinary diagnostics market. Additionally, the animal rights activists have also prompted governments to develop new facilities for veterinary care, treatment, and diagnostics. This is also a major factor stimulating the growth of global veterinary diagnostics market. Apart from this, the increasing pet care costs are likely to hamper the veterinary diagnostics market growth

Furthermore, the expansion of the veterinary diagnostics market is owing to a rise in number of in-clinic diagnostic procedures, and increase in purchase and usage of many diagnostic instruments which are used in veterinary practices. Moreover, rise in number of high income households that keep pets and frequently visit veterinary laboratories are also anticipated to propel the veterinary diagnostics market. In-clinic diagnostic practices and companion animal diagnostics increase in the number of animals diagnosed along with the technologically advanced equipment and procedures which ensure the accurate and quicker results.

The global Veterinary Diagnostics Market is segregated on the basis of Technology as Hematology, Clinical Biochemistry, Immunodiagnostics, Molecular Diagnostics and Other Technologies. Based on Animal Type the global Veterinary Diagnostics Market is segmented in Companion Animals and Livestock Animals.

The global Veterinary Diagnostics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Veterinary Diagnostics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Thermo Fisher Scientific Inc, Abaxis Inc, IDVet, Agrolabo SPA, Idexx Laboratories Inc and others are among the major players in the global Veterinary Diagnostics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In April 2021, INDICAL BIOSCIENCE GmbH (Germany) bought Boehringer Ingelheim’s Svanova product portfolio which supported INDICAL in expanding its portfolio by including 25 assays for livestock.
• In April 2021, BioChek (Netherlands) started a new office in Johannesburg, South Africa.
• In January 2021, Heska Corporation (US) acquired Lacuna Diagnostics (US), this acquisition empowered the company’s portfolio of point-of-care digital cytology technology and telemedicine services.
• In April 2020, Heska Corporation declared the acquisition of scil animal care company GmbH from Covetrus, Inc. This acquisition would support Heska Corporation to become one of the leading point-of-care diagnostic companies in terms of veterinary care.

The global Veterinary Diagnostics Market has been segmented as below:

Veterinary Diagnostics Market, By Technology

• Hematology
• Clinical Biochemistry
• Immunodiagnostics
• Molecular Diagnostics
• Other Technologies

Veterinary Diagnostics Market, By Animal Type

• Companion Animals
• Livestock Animals

Veterinary Diagnostics Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Veterinary Diagnostics Market, By Company

• Thermo Fisher Scientific Inc
• Abaxis Inc
• IDVet
• Agrolabo SPA,
• Idexx Laboratories Inc
• Neogen Corp
• Merck
• Heska Corporation
• Qiagen N.V
• Virbac Corp
• Zoetis
• IncIm3 Inc
• VCA Antech
• Henry Schein Inc.
• QIAGEN N.V.
• bioMérieux SA
• Randox Laboratories Ltd.

The report covers the below scope:

• Global Veterinary Diagnostics Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Veterinary Diagnostics Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Veterinary Diagnostics Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Veterinary Diagnostics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Veterinary Diagnostics Market share. Major industry players with significant revenue share include Thermo Fisher Scientific Inc, Abaxis Inc, IDVet, Agrolabo SPA, Idexx Laboratories Inc and others.

Why to Buy this Report:

• Gain detailed insights on the Veterinary Diagnostics industry trends
• Find complete analysis on the market status
• Identify the Veterinary Diagnostics Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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