Veterinary Infectious Disease Diagnostics Market to Surge USD 3.67 Billion, With Excellent CAGR of 9.3% by 2030
Global Veterinary Infectious Disease Diagnostics Market research report endows with the key information about the HELATH industry, including very important facts and figures, expert opinions, and the latest developments across the world. A number of estimations and calculations have been included in this market report by assuming definite base year and the historic year. The market report makes organization armed with information produced by sound research methods. This global market report is an important document for every market enthusiast, policymaker, investor, and market player. Global Veterinary Infectious Disease Diagnostics Market report is generated with a nice combination of advanced industry insights, practical solutions, talent solutions and the use of latest technology which gives an excellent user experience.
What is more, Global Veterinary Infectious Disease Diagnostics Market analysis report provides a careful investigation of the current state of the market which covers several market dynamics. The competitor strategies covered in this credible market report mainly consist of new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost footprints in this market.
Data Bridge Market Research analyses that the veterinary infectious disease diagnostics market which is USD 1.80 billion in 2022, is expected to reach USD 3.67 billion by 2030, at a CAGR of 9.3% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Increased demand for animal-derived food products, an increase in the number of veterinary practitioners, the adoption of disease control and disease prevention measures, the growth of the companion animal population, and the prevalence of favourable pet insurance policies are some of the most insightful factors that will likely boost the growth of the veterinary infectious disease diagnostics market during the forecast period of 2023-2030. On the other hand, rising applications from emerging economies and rising vegan population trends will create immense opportunities for the veterinary infectious disease diagnostics market during the forecast period.
Animals with infectious infections who are not treated for an extended period of time can die. As a result, treating animals with these diseases necessitates early diagnosis and treatment. Furthermore, veterinary diagnostics refers to the processes and examinations used to detect the presence of infectious diseases. These tests and methods also make use of veterinary infectious disease diagnostics. These diagnostics can detect infectious diseases caused by viruses, bacteria, and parasites in animals. Additionally, diagnostics can be performed to detect contagious diseases in animals such as cats and dogs. The primary drivers of the global Veterinary Infectious Disease Diagnostics Market are an increase in pet ownership and an increase in animal health expenditure.
Restraints/Challenges
- Rising cost of pet care
The rising cost of pet care, combined with a lack of awareness about animal healthcare in developing economies, will likely impede the growth of the veterinary infectious disease diagnostics market during the forecast period. The lack of veterinarians in emerging economies will be the most difficult challenge to the market’s growth.
This veterinary infectious disease diagnostics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the veterinary infectious disease diagnostics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2020, Heska Corp., a US-based manufacturer of point-of-care diagnostics equipment and imaging devices, paid $110 million for Scil Animal Care Co. Heska Corp.’s overseas market share increased to 40% in Germany and 30% in Spain and France as a result of this acquisition, which also expanded the company’s animal care offering. Social Animal Care is a veterinary diagnostic device manufacturer based in France.
- In 2021, Zomedica Corp., a veterinary health corporation that manufactures point-of-care diagnostics for cats and dogs, recorded the first veterinarian sale of TRUFORMA and officially entered commercialization.
Some of the major players operating in the veterinary infectious disease diagnostics market are:
- BIOMÉRIEUX (France)
- Heska Corporation (U.S.)
- IDEXX (U.S.)
- Neogen Corporation (U.S.)
- INDICAL BIOSCIENCE GmbH (Germany)
- Randox Laboratories Ltd. (U.K.)
- Thermo Fisher Scientific Inc. (U.S.)
- Virbac (France)
- Zoetis (U.S.)
- Creative Diagnostics (U.S.)
- DRG INSTRUMENTS GMBH (Germany)
- Chembio Diagnostic Systems, Inc. (U.S.)
- Eurofins Technologies (Luxembourg)
- Abaxis (U.S.)
- Agrolabo S.p.A. (Italy)
- Abbott (U.S.)
- Danaher (U.S.)
Veterinary Infectious Disease Diagnostics Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015 – 2020) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Technology (Immunodiagnostics, Molecular Diagnostics, Other Veterinary Diagnostic Technologies), Animal Type (Companion Animals, Food Producing Animals), End User (Reference Laboratories, Veterinary Laboratories and Clinics, Point of Care / In House Testing, Research Institutes and Universities), Infection Type (Bacterial Infections, Viral Infections, Parasitic Infections, Other Infections) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Veterinary Infectious Disease Diagnostics Market Scope
Technology
- Immunodiagnostics
- Lateral flow assays
- ELISA tests
- Other immunodiagnostic technologies
- Molecular Diagnostics
- Polymerase chain reaction (PCR) tests
- Microarrays
- Other molecular diagnostic tests
- Other Veterinary Diagnostic Technologies
Animal Type
- Companion Animals
- Dogs
- Cats
- Horses
- Other companion animals
- Food Producing Animals
- Cattle
- Swine
- Poultry
- Other food-producing animals
End User
- Reference Laboratories
- Veterinary Laboratories and Clinics
- Point of Care / In House Testing
- Research Institutes and Universities
Infection Type
- Bacterial Infections
- Viral Infections
- Parasitic Infections
- Other Infections
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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