Animal Diagnostics Market Eminent Players - IDEXX Laboratories, Abaxis, Heska Corporation, Neogen, Zoetis, Thermo Fisher Scientific, Randox, Qiagen, Virbac

With increasing awareness about animal healthcare & the growing trends of pet adoption, animal diagnostics market is anticipated to witness commendable expansion over 2017-2024. The fear of zoonosis and an increasing appetite for animal protein have also seemingly contributed toward driving this business space. Previously, the commercial scope of animal diagnostics industry had been rather limited, as animal diagnostics had been handled by a few selected divisions within large pharmaceutical companies. However, with the private and public-sector demands rising for specialized animal healthcare, the last couple of decades have witnessed a rise in the number of companies dedicated to animal diagnostics and healthcare.

In the present scenario, animal diagnostics industry has reached a level of interest where hackathons are being conducted to come up with new animal healthcare solutions. In a first ever animal health focused hackathon held by Boehringer Ingelheim Animal Health in association with the University of Georgia in 2018, participants came up with ideas to develop potential solutions in pets and livestock welfare. The notions ranged from developing fitness trackers for pets as well as owners to the development of drones for the early detection of sick livestock. The hackathon was witness to myriad, miraculous solutions such as an Alexa compatible feeding and weight monitoring system for dogs and cats, a self-disinfecting, non-slip mat for animal examination tables, a mobile app-based screening test for major poultry pathogens seen in backyard chicken flocks, and a surgical tool to enable precise placement of screws during surgery. Indeed, the event was an apt demonstration depicting the current trends in animal diagnostics market.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/2495

Of late, in-vitro diagnostic instrumentation and related products have come to be extensively applied to animal diagnostics products in veterinary healthcare. Major animal diagnostic methods in mainstream healthcare - immunodiagnostics, molecular testing, hematology and clinical chemistry, now have standard applications in the veterinary care of pets and livestock animals. This practice has indeed augmented animal diagnostics market trends to quite an extent, bringing forth new avenues of growth for this vertical.

Animal diagnostics industry has incorporated technologies and procedures gained from mainstream healthcare and human diagnostics to develop a full-sized sister market that is open to further advancement. The effect of advancement in animal diagnostics has been apparent in companion animal care as benchtop clinical analysis permits veterinarians to achieve accurate in-clinic testing results, shortening the time between diagnosis and treatment and facilitating direct billing for additional revenue. Livestock animal diagnostics industry remains largely bound to the laboratory due to high accuracy and sensitivity requirements in animal disease testing. Animal diagnostics activities related to the marketing of molecular point of care diagnostic devices for animal testing will continue to intensify with applications relating to veterinary diagnostic testing, farm biosecurity and wildlife testing in resource-poor regions.

Renowned animal healthcare companies have been striving to incorporate innovations from startups and facilitate further penetration of technology in pet and livestock sectors, thereby generating considerable opportunities in animal diagnostics market. The Internet of Things has also had an impact on animal diagnostics industry with the decreasing prices of sensors and the pervasive presence of high-speed broadband. Wearable health monitors that have already penetrated the pet sector are now anticipated to find popularity in livestock monitoring as well. Indeed, the deployment of wearables in livestock supervising provides better real time insights and large data analytics about when to intervene in the feeding and care of animals.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/2495

Being a part of an evolving ecosystem, animal diagnostics industry is supported by innovative trends such as microfluidics and information technology that help commercialize point-of-care diagnostics and decentralized IVD devices. Startups as well as established animal medicine and diagnostic equipment producers are rapidly advancing their efforts, targeting innovations to be brought forth in animal diagnostics market. Driven by a continued spate of acquisitions and large-scale investments, animal diagnostics industry size is forecast to register a CAGR of 8% over 2017-2024.

Report 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 3600 synopsis, 2014 - 2025
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, 2014 - 2025
3.3. Industry impact forces
3.3.1.Growth drivers
3.3.1.1.Growing trend of adopting 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, 2018
3.7.1.Business overview
3.7.2.Revenue analysis
3.7.3.Product landscape
3.7.4.Strategy dashboard
3.8. PESTEL analysis

Chapter 4. Animal Diagnostics Market, By Technology
4.1. Key segment trends
4.2. Immunodiagnostics
4.2.1. Market size, by region, 2014 - 2025 (USD Million)
4.2.2.ELISA
4.2.2.1. Market size, by region, 2014 - 2025 (USD Million)
4.2.3.Lateral flow assays
4.2.3.1. Market size, by region, 2014 - 2025 (USD Million)
4.2.4.Immunoassay analyzers
4.2.4.1. Market size, by region, 2014 - 2025 (USD Million)
4.2.5.Others
4.2.5.1. Market size, by region, 2014 - 2025 (USD Million)
4.3. Clinical biochemistry
4.3.1. Market size, by region, 2014 - 2025 (USD Million)
4.4. Hematology
4.4.1. Market size, by region, 2014 - 2025 (USD Million)
4.5. Molecular diagnostics
4.5.1. Market size, by region, 2014 - 2025 (USD Million)
4.5.2.PCR
4.5.2.1. Market size, by region, 2014 - 2025 (USD Million)
4.5.3.Microarrays
4.5.3.1. Market size, by region, 2014 - 2025 (USD Million)
4.5.4.Others
4.5.4.1. Market size, by region, 2014 - 2025 (USD Million)
4.6. Urinalysis
4.6.1. Market size, by region, 2014 - 2025 (USD Million)
4.7. Others
4.7.1. Market size, by region, 2014 - 2025 (USD Million)

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.