Press release
Veterinary Molecular Diagnostics Market 2019: Growing Factor Analysis By Key Players VCA, Inc., Abaxis, Heska Corporation, Zoetis, NEOGEN CORPORATION
Veterinary Molecular Diagnostics Market
Global Veterinary Molecular Diagnostics Market By Technology (PCR kits, INAAT kits, Microarray kits, DNA sequencing kits), Product (Instruments & Software, Kits & Reagents, Services), , Animal Type (Companion Animals, Livestock Animals), Disease Indication (Vector-borne Diseases, Respiratory Pathogens Detection, Diarrhea Pathogens Detection, Others), Application, End-User, Geography - Industry Trends & Forecast to 2026
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The Global Veterinary Molecular Diagnostics Market is expected to rise from its initial estimated value of USD 453.83 million in 2018 to an estimated value of USD 870.34 million by 2026 registering a CAGR of 8.48% in the forecast period of 2019-2026. The molecular diagnostic market is driven by the Increasing incidence of numerous animal diseases and by increasing expenditure on pet animals.
Some of the major market competitors currently working in the veterinary molecular diagnostics market are IDEXX Laboratories, Inc., VCA, Inc., Abaxis, Heska Corporation , Zoetis , NEOGEN CORPORATION , Thermo Fisher Scientific, Inc., Virbac, General Electric Company, Agfa-Gevaert Group., Veterinary Molecular Diagnostics, Inc., Novacyt Group, Qiagen , Biomedica Medizinprodukte GmbH & Co KG, Veterinary Laboratory - HealthGene Corp. , Bioneer, Abaxis, Neogen Corporatio.
Market Definition: Global Veterinary Molecular Diagnostics Market
The molecular diagnostic is a laboratory method for examining the RNA or DNA or other proteins in humans and animals which is used to identify diseases or the predisposition stage . The scope of this diagnostic comprises of the various clinical testing devices, supplies and reagents and which are used in hospitals, commercial laboratories, clinics, reference laboratories and research institutes for identifying disease indications for identifying and monitoring. Veterinary molecular diagnostics provides a number of benefits than the other traditional diagnostic techniques like fast shifting time (within 2.5-3 hours), high test specificity and sensitivity, and better distinction among the birulent and avirulant strains.
Market Drivers:
Increase in the expenditure on pet animal
Increase in incidence of numerous animal diseases
Increase in the growth of foodborne diseases will act as a major market driver
Market Restraints:
High cost of these systems acts as a market restraint
Lack of trained professionals that can utilize completely antigen/immunogenic structures is also acting as a major market restraint
Table of Contents:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Segmentation: Global Veterinary Molecular Diagnostics Market
By Technology
PCR kits
INAAT kits
Microarray kits
DNA sequencing kits
By Product
Instruments & Software
Kits & Reagents
Services
By Animal Type
Companion Animals
Livestock Animals
By Disease Indication
Vector-borne Diseases
Respiratory Pathogens Detection
Diarrhea Pathogens Detection
Others
By Application
Infectious Diseases
Oncology
Genetics
Microbiology
By End-User
Veterinary Hospitals
Clinical Laboratories
Research Institutes
By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the Market:
In Jan 2018, Mars Petcare(U.S.) acquired Genoscoper Laboratories(Finland), a specialist in molecular diagnostics for companion animals. This acquisition will help in accelerate discovery of genetic health markers for companion animals.
Competitive Analysis: Global Veterinary Molecular Diagnostics Market
The global veterinary molecular diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary molecular diagnostics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Contact:
Data Bridge Market Research
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UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: Corporatesales@databridgemarketresearch.com
About Data Bridge Market Research
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