Global Veterinary Molecular Diagnostics Industry 2018 Industry Analysis, Top Players, Revenue and Market Share Report
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The forecast veterinary molecular diagnostics market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, veterinary molecular diagnostics on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report.
Veterinary Molecular Diagnostics Market: Market Insights
The molecular diagnostic is a collection of techniques used to analyses biological markers in the genome and proteome. In veterinary molecular diagnostics, samples that are derived from animals are tested. This diagnostic mostly focuses on the identification, genotyping of pathogens and detection. In veterinary diagnosis, these techniques are used to diagnose diseases in individual animals and groups or to assess the disease status of a group. Expansions in the farm animals’ sector and in sociable attitude towards pet animals have resulted in an augmented demand for fast and reliable diagnostic techniques.
Growing consciousness regarding the importance of molecular diagnostics among veterinarians and the general public in both developed and developing countries for healthy livestock is estimated to drive the global veterinary molecular diagnostics market. Further, increasing incidence of numerous animal diseases worldwide, and an upsurge in spending on pets are other reasons driving the growth of this market. Additionally, owing to the increasing incidence of foodborne zoonotic diseases worldwide the production of animal has reduced by 15%–20% per year. As per the European Food Safety Authority (EFSA), around 3, 20,000 cases of foodborne and zoonotic diseases are reported every year. Therefore, with increasing, consciousness regarding zoonotic diseases such as bird flu and swine flu farm owners are progressively inclining towards the appropriate care of livestock through correct and specific diagnosis.
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Furthermore, growth in purchase and usage of several diagnostic instruments that are used in veterinary practices, families with high income that keep pets and frequently visit veterinary laboratories and in-clinic diagnostic processes are some of the factors boosting the growth of this market. Rising urbanization and growth in the number of pet owners are likely to provide opportunities to the veterinary molecular diagnostics market in the upcoming year. However, low awareness regarding Veterinary Molecular Diagnostics in developed and developing countries acts as a restraining factor for the market.
Veterinary Molecular Diagnostics Market: Regional Analysis
Geographically, North America has dominated the market growth followed by Europe. The boosting factors for the veterinary molecular diagnostics market are high number of animal diagnosis tests by pet owners, a large number of facilities for research & development and increasing demand for livestock food products. Whereas, the factors responsible for the growth veterinary molecular diagnostics market in Europe region is due to increasing awareness of pet nutrition & health, augmented pet adoption and presence of innovative veterinary molecular diagnostic technology for testing wide range of an animal pathogen.
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New launch to remain key expansion strategies of the leading players in the veterinary molecular diagnostic market from 2018-2024
June 2016, IDEXX Laboratories, Inc. has launched the Rapid Visual Pregnancy Test for cattle, a point-of-care test that detect an open cow 28 days post-breeding, improving reproductive efficiency and profitability.
Some of the leading companies in the global veterinary molecular diagnostic market are IDEXX Laboratories, Inc., VCA, Inc., Thermo Fisher Scientific, Inc., Novacyt Group, QIAGEN N.V., Biomedical Medizinprodukte GmbH & Co KG, HealthGene Corporation, Bioneer, ABAXIS, Inc., Neogen Corporation
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