Veterinary Molecular Diagnostics Market Scenario with Top Competitors | BioMérieux SA, IDEXX Laboratories, Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Neogen Corporation, ID.Vet
The market is segmented based on product type, disease type, species type, end user and region. On the basis of product type, the market has been segmented into four segments such as PCR kits, INAAT kits, microarray kits, DNA sequencing kits. PCR kits segment is expected to be the fastest growing segment over the forecast period, registering the significant CAGR of 7.8% in terms of revenue, over the forecast period. The increasing demand for advanced veterinary molecular diagnostic kits, such as RT-PCR kits, DNA sequencing kits and microarray based diagnostic kits owing to the growing number of diagnostic procedures in livestock and companion animals worldwide is expected to boost the growth of veterinary molecular diagnostics market over forecast period.
The PCR kits segment dominates the market with a market value of US$ 63.4 Mn in 2017. Also, the segment is expected to maintain its dominance over the forecast period with a market value of US$ 124.0 by 2026 end and expands at a significant CAGR.
On the basis of disease type, the market has been segmented into Anaplasma spp., Ehrlichia spp., New Castle Disease, Influenza, Porcine Reproductive & Respiratory Syndrome (PRRS) and others.
Based on species type, the market has been segmented into livestock animals including Aquatic, Bovine, Porcine, Ovine, Poultry and Equine.
On the basis of end user, the market has been segmented into veterinary hospitals, clinical laboratories and veterinary research institutes.
On the basis of region, the market has been segmented into North America, Latin America, Europe, Asia Pacific Excluding China (APEC), China and the Middle East and Africa (MEA).
To Get Sample Copy of Report Visit at: https://www.futuremarketinsights.com/reports/sample/rep-gb-6742
Increasing set up of new production facilities by the key manufacturers in growing economies coupled with increasing adoption of molecular diagnostic techniques in animals is anticipated to boost the production for molecular diagnostic kits and drives the growth for veterinary molecular diagnostics market over a forecast period. The increasing prevalence of chronic disorders in animals such as influenza, new castle disease and diabetes coupled with high prevalence of infectious diseases is further anticipated to fuel the demand for veterinary molecular diagnostics market. Increasing preference for molecular diagnosis on the account of their high specificity and efficacy in diagnosing chronic diseases in animals and presence of strong distribution channel is further anticipated to drive the growth of veterinary molecular diagnostics market over forecast period. Rising adoption of pets, increasing financial grants for innovation in veterinary diagnostics, fast FDA approvals for reagents used in animal molecular diagnostics, and increased consumer spending on veterinary care is also expected to drive the market revenue growth over the forecast period. Increasing spending on pet care in the developing economies such as Japan and India in APEC region is anticipated to have a positive impact on veterinary molecular diagnostics market in APEC region. However, the increasing demand for advanced veterinary molecular diagnostic kits, such as RT-PCR kits, DNA sequencing kits and microarray based diagnostic kits owing to the growing number of diagnostic procedures in livestock and companion animals is further anticipated to drive the growth of veterinary molecular diagnostics market in North America and Europe over the forecast period.
However, gaps in epidemiological knowledge of certain virulent veterinary diseases, high costs associated with veterinary molecular diagnosis and stringent regulatory approval process for novel molecular diagnostic kits resulting into product delays, may hamper the demand for veterinary molecular diagnostic kits and restrain the growth of veterinary molecular diagnostics market over forecast period. Also, the improper veterinary care research infrastructure in the emerging economies, limited reimbursement policies and Visa restrictions strangling vet practices coupled with shortage of veterinary doctors and colleges are some other factors anticipated to hinder the growth of the global veterinary molecular diagnostics market.
This report assesses trends driving the growth of segmental markets and offers analysis and insights into the regional veterinary molecular diagnostics market. North America is estimated to dominate the veterinary molecular diagnostics market with a maximum value share by the end of 2017. By 2026, North America and Europe markets cumulatively are expected to account for over 67.8% revenue share of the global veterinary molecular diagnostics market by the end of 2026.
Methodology With Latest Advancements and Application @ https://www.futuremarketinsights.com/askus/rep-gb-6742
Some key companies covered in this report include bioMérieux SA, IDEXX Laboratories, Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Neogen Corporation, ID.Vet, INDICAL BIOSCIENCE GmbH, and Veterinary Molecular Diagnostics, Inc. These leading players focus to consolidate their position in the global veterinary molecular diagnostics market by actively participating in activities such as partnerships, mergers, acquisitions and collaborations. Companies focus on extending their product line and expansion of production capacities to meet the growing demands for veterinary molecular diagnostics kits worldwide.
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Veterinary Molecular Diagnostics Market Scenario with Top Competitors | BioMérieux SA, IDEXX Laboratories, Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Neogen Corporation, ID.Vet here
News-ID: 1537040 • Views: 255
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Vet
Vet2Door Offers Mobile Vet Services for St. Petersburg Area Pets
ST. PETERSBURG, Florida Your pets are smart. They know the dreaded carrier means they're going somewhere, probably the vet. This is stressful for them and for you. Dr. Janell Dowling aims to make life easier for pets and owners alike. She's introduced her Vet2Door Mobile Vet service in greater Saint Petersburg to provide exams, shots, even hospice care, wherever you and your pet, or pets, are. Her website, Vet2Door.com, lists the full
MOTOROLA VET JOINS THINOPTICS AS NEW CEO
ThinOPTICS, the line of state-of-the-art, ingeniously-designed stemless reading glasses that turned the category on its head when it launched in 2014, is pleased to welcome its new Chief Executive Officer, David Westendorf, to the team. With more than 25 years of experience in marketing, product development and general management at some of the most recognizable companies of the tech age, Westendorf will lend his business acumen and proven growth strategies
Lead Auditor Courses on VET Standard NP4512 Concluded
The first course for lead auditors on the new VET standard NP4512:2012 “Training Management System, Including Technology-Enhanced Learning – Requirements” took place on November 29th and 30th on the premises of the Portuguese Institute for Quality in Portugal. The Q-Cert-VET project consortium welcomed 17 experienced auditors from 8 Portuguese and international certification bodies, including APCER, Bureau Veritas, CERTIF, DAS Certification, EIC, LUSAENOR, SGS, and TUV Rheinland. Four trainers from the
Melbourne Emergency Vet Hospital welcomes Back Star Medicine Performer
24 hour emergency veterinary hospital, the Southern Animal Referral Centre, recently welcomed back Dr Chris Simpson after he completed a two year residency program in small animal internal medicine. Dr Chris Simpson has recently returned to the Southern Animal Referral Centre after completing his two year ANZCVS approved small animal internal medicine training program. Dr Simpson has resumed his position as head veterinarian at the 24 hour veterinary hospital and is
Camvine takes digital signage to vet waiting room TVs!
Cambridge, UK, 30 November 2011 – Camvine and The VetChannel partner to bring a unique and leading-edge communication service to UK veterinary waiting rooms. Pet health media owner The VetChannel is benefiting from instantaneous customer service and significantly greater operational efficiency across its new digital signage network through the integration of Camvine’s cloud-based digital signage platform, CODA, with its own media web portal using the CODA API. Rollout is
VetSource Awarded Vet-VIPPS Certification
Portland, OR: VetSource, a leading provider of veterinary sponsored home delivery services, is pleased to announce that as of June 8th, 2011, it has earned Veterinary-Verified Internet Pharmacy Practice Sites (Vet-VIPPS) certification from the National Association of Boards of Pharmacy (NABP). Recognized for it’s innovative e-scripting tools and compliance building programs, VetSource’s new status as Vet-VIPPS Certified identifies VetSource as a fully licensed pharmacy in compliance with all applicable state boards