Press release
Comprehensive Evaluation on Animal Diagnostics Market with Top Players: Virbac, Heska Corporation, Neogen Corporation, Zoetis Inc., Randox, QIAGEN
Animal Diagnostics Market
Technological advancements veterinary diagnostics coupled with industry players efforts to develop cost-effective, flexible diagnostic tool capable of delivering faster results will stimulate industry growth. However, low expenditure on pet care in developing economies such as South Africa along with exorbitant cost associated with animal test will hinder industry growth over the forecast timeframe.
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Molecular diagnostics will witness lucrative growth over the forecast timeframe. Molecular diagnostics allow identification, detection, and genotyping of pathogens, thus resulting in industry expansion. Growing adoption of molecular techniques in livestock and veterinary research for vaccine development, studying host-pathogen interactions, microbiome and resistome analyses, development of diagnostic assays and genome analysis to optimize breeding will drive segment growth over the forecast period.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Neogen Corporation
• Zoetis Inc.
• Randox
• QIAGEN
• IDEXX LABORATORIES LIMITED
• Abaxis UK Ltd
• Abaxis, Inc.
• Virbac
• Heska Corporation
Hematology segment will witness robust growth over the forecast period. Growing demand for bleeding (hemostasis) analysis, erythrocyte analysis, and leukocyte analysis coupled with rising number of pets suffering from vomiting, weakness, diarrhea, fever, pale gums and loss of appetite requiring hematological tests for disease diagnosis will lead to segment growth.
Urinalysis provides valuable information about urinary tract infection in pets especially in small animals including dogs, cats, rabbits, guinea pigs and others. Presence of associations such as International Society for Companion Animal Infectious Diseases providing guidelines for management of urinary tract infection will drive segment growth.
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U.S. animal diagnostics market accounted for largest regional share in 2016 owing to high pet adoption and disposable income. Technological advancements in veterinary diagnostics along with government initiatives to encourage animal healthcare sector growth will further fuel U.S. animal diagnostics market growth.
Animal Diagnostics Market by Technology
o Immunodiagnostics
o ELISA
o Lateral flow assays
o Immunoassay analyzers
o Others
o Clinical biochemistry
o Hematology
o Molecular diagnostics
o PCR
o Microarrays
o Others
o Urinalysis
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