2024 Projections: Animal Diagnostics Market Report for Virbac, Heska Corporation, Neogen, Thermo Fisher Scientific, Abaxis, Randox, IDEXX Laboratories, Zoetis, and Qiagen

Market Study Report adds 2017-2024 global Animal Diagnostics market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

Animal Diagnostics Market will reach USD 5.4 billion by 2024; as per a new research report.

Growing demand for superior pet products, increasing spending towards pet healthcare as well as advancements in veterinary diagnostics will propel industry growth over the coming years. Different countries? governments along with various international organizations have been organizing campaigns, and various other programs to create awareness about animal derived human infections should stimulate business growth.

Increasing adoption of pet and growing incidences of zoonotic and foodborne diseases will drive animal diagnostics market growth over the forecast timeframe. Numerous efforts undertaken by government and several other organizations to stimulate growth of animal healthcare sector will contribute to industry expansion.

Increasing demand for animal protein along with increasing meat consumption due to lowering of meat prices in developing economies such as China will propel industry growth over the coming years. Increasing number of veterinary clinics equipped with modern technology will positively impact industry growth.

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U.S. held largest market share in 2016 and should hold its position over the coming years. Growing pet adoption coupled with increasing government efforts to accelerate growth of animal healthcare sector will drive U.S. animal diagnostics market. Rise in disposable income and technological advancements in veterinary diagnostics will favor industry growth.

Rising awareness towards animal healthcare, high technological adoption and increasing research activities to accelerate development of veterinary diagnostic solutions will drive France animal diagnostics market over the forecast period. Presence of associations such as The French Animal Health Network (RFSA) working towards advancing development of superior animal products will positively impact industry growth.

China animal diagnostics market will be driven by growing pet population, rising disposable income leading to rise in pet care expenditure. Rising demand for advanced animal diagnostic solutions coupled with increasing number of veterinary clinics in the country will positively impact industry growth.

Few notable industry players operating in animal diagnostics market include Virbac, Heska Corporation, Neogen, Thermo Fisher Scientific, Abaxis, Randox, IDEXX Laboratories, Zoetis, and Qiagen. Acquisition, merger, strategic collaboration and partnership are some of the strategies adopted by industry players to strengthen their product offerings and consolidate market position. For instance, Heska entered into 7-year agreement with PetVetCare Centers in November 2017 to supply in-house laboratory diagnostic equipment to the centers thereby expanding company?s customer base.

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Table of Content:

Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data Sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary
2.1. Animal diagnostics industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Animal type trends
2.1.4. Regional trends

Chapter 3. Animal Diagnostics Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Growing trend of adopt"ing pet animals
3.3.1.2. Rising prevalence of food borne and zoonotic diseases
3.3.1.3. Favorable government initiatives
3.3.1.4. Rapidly increasing demand for animal products
3.3.1.5. Advancements in veterinary diagnostics
3.3.2. Industry pitfalls & challenges
3.3.2.1. Prohibitive cost associated with animal tests
3.3.2.2. Low out of pocket expenditure on pet healthcare in developing countries
3.4. Growth potential analysis
3.4.1. By technology
3.4.2. By animal type
3.5. Regulatory landscape
3.5.1. U.S
3.5.2. Europe
3.6. Porter's analysis
3.7. Competitive landscape, 2016
3.7.1. Business overview
3.7.2. Revenue analysis
3.7.3. Product landscape
3.7.4. Strategy dashboard
3.8. PESTEL analysis

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