Veterinary Diagnostic Market 2022: Growing Demand Analysis by Companies Strategy, Developments, Market Position, Opportunities, and New Product Launches

The Veterinary Diagnostic Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Veterinary Diagnostic market growth.

The Global Veterinary Diagnostic Market Size is Projected to Reach at a CAGR of 10% during 2022-2027.

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Market Overview

The global animal healthcare industry is marked by a shortage of skilled veterinarians and pathologists. This is particularly evident in the emerging markets across countries like Brazil, China, and Southeast Asian countries, which show a huge gap in the demand and supply of veterinary professionals. Shortages are observed in developing countries such as. The majority of veterinarians across the globe work in private practices dedicated to companion animals, which leads to a shortage of resources for farm animals or food-producing animals. Currently, the lack of skilled veterinarians and diagnostic infrastructure, especially in developing countries, is one of the major factors limiting the uptake of advanced diagnostic solutions among veterinarians. The high cost of advanced diagnostic tests is another major barrier to its widespread adoption.

Top Leading Companies:

Pfizer, Thermo Fisher Scientific, Henry Schein, Virbac, Zoetis, IDVet, Abaxis, Heska Corporation, Idexx, Biochek, VCA Antech

Recent Developments

In April 2021, INDICAL BIOSCIENCE GmbH (Germany) acquired Boehringer Ingelheim’s  Svanova product portfolio which helped INDICAL widen its portfolio by adding 25 assays for livestock.
In April 2021, BioChek (Netherlands) opened a new office in Johannesburg, South Africa.
In January 2021, Heska Corporation (US) acquired Lacuna Diagnostics (US), this acquisition strengthened the company’s portfolio of point-of-care digital cytology technology and telemedicine services.
In December 2020, NEOGEN Corporation (US) launched a preventative care DNA screening tool for detecting genetic diseases in dogs.
In November 2020, NEOGEN Corporation (US) collaborated with Transnetyx Inc. (US), this partnership helped NEOGEN to increase its presence in the animal genomics and diagnostics market.

Veterinary Diagnostic Market Segmentation by Type:

Immunodiagnostic Tests
Molecular Diagnostics
Diagnostic Imaging
Hematology Analyzers
Clinical Chemistry
Others

Veterinary Diagnostic Market Segmentation by Application:

Farm Animals
Companion Animals
Others

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North America is expected to account for the largest share of the veterinary diagnostics market

North America accounted for the largest share of the global veterinary diagnostics market. The growth in the veterinary diagnostics market of North America is characterized by the increasing population of companion and food-producing animals, rising meat and dairy product consumption, the availability of technologically advanced veterinary reference laboratories, rising veterinary healthcare expenditure, and growth in pet insurance coverage.

Regional Veterinary Diagnostic Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Veterinary Diagnostic Market Report:

Detailed overview of Veterinary Diagnostic Market
Changing the Veterinary Diagnostic market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Veterinary Diagnostic market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Veterinary Diagnostic Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Veterinary Diagnostic Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Veterinary Diagnostic industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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