Press release
Companion Animal Diagnostics Market Worth $7.39 Billion by 2029 - Exclusive Report by Meticulous Research
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5273
Animal diagnosis is the field of study that deals with the diagnosis of various animal diseases caused due to various external and internal factors, especially microorganisms such as bacteria, viruses, and fungi. Animal disease is an impairment of the normal state of an animal that affects the normal functioning of its vital functions. Animal diagnostic tests help detect various animal diseases. Diagnostic laboratories provide diagnostic medical testing for infectious agents, toxins, and other disease causes in animal diagnostic samples submitted. According to the U.S. State of Pet Health 2018, the prevalence of diabetes mellitus in felines increased from 67.6 cases per 10,000 in 2015 to 94 cases per 10,000 in 2018, with a total increase of 39.1%, and that in canines increased from 23.6 cases per 10,000 in 2015 to 38 cases per 10,000 in 2018 with a total increase of 61.0%.
COVID-19 Pandemic Offers Lucrative Opportunities for the Companion Animal Diagnostics Market Players
Many animal species have proven to be susceptible to infection with SARS-CoV-2. Thus, to better understand its epidemiological significance in animal health, biodiversity, and human health, there has been a surge in the research to develop diagnostic products for companion animals. Also, with regards to some of the cases found in animals, CDC, USDA, and state public health and animal health officials in several countries are working to conduct active surveillance of SARS-CoV-2 in pets, including cats, dogs, and other small mammals, that had contact with a person with COVID-19.
The animals are being tested for SARS-CoV-2 infection to see whether the pet develops antibodies to this virus. Thus, the research on SARS-Cov-2 in animals is limited, but several studies are underway to learn more about coronavirus infection. This has led to the development of various assays and kits for testing. For instance, in April 2020, IDEXX Laboratories, Inc. (U.S.) launched the IDEXX SARS-CoV-2 (COVID-19) RealPCR Test for pets.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5273
The companion animal diagnostics market study presents historical market data in terms of value (2020 and 2021), estimated current data (2022), and forecasts for 2029 - by product, technology, animal type, and end user. The study also evaluates industry competitors and analyzes the regional and country markets.
Based on technology, the immunodiagnostics segment is estimated to account for the largest share of this market in 2022. Factors contributing to the large share of this segment include the growing adoption of diagnostic products based on immunodiagnostic technology and the development of advanced diagnostic immunoassay tests.
Based on product, the consumables segment is estimated to dominate the companion animal diagnostics market in 2022. Factors include the commercial availability of a diverse range of reagents and consumables for various diseases and animal health screening and the availability of diseases-specific test kits and assays. Moreover, the emergence of various PoC tests and assays is expected to create significant growth opportunities.
Based on animal type, the canines segment is estimated to account for the largest share of the companion animal diagnostics market in 2022. Factors driving the growth of this segment include the increasing canine population as pets and the growing prevalence of diseases such as diabetes.
Quick Buy - "Companion Animal Diagnostics Market by Product [Consumables (Leukemia, Heartworm, Influenza), System, Software], Technology [ELISA, PCR, Hematology, Urinalysis], Animal Type [Canine, Feline], End User (Point of Care, Hospital) - Global Forecast to 2029" Research Report: https://www.meticulousresearch.com/Checkout/10760166
Based on end user, the reference laboratories segment is estimated to account for the largest share of the market in 2022. An increase in the number of veterinary reference laboratories and the availability of new advanced tests are likely to propel the segment. Furthermore, veterinary reference laboratories provide veterinary diagnostics to pet owners, and government-related programs or research collaborations are likely to boost the veterinary reference laboratories segment in the companion animal diagnostics market during the forecast period.
Geographically, North America is estimated to account for the largest share of the overall companion animal diagnostics market in 2022, closely followed by Europe and Asia-Pacific. However, Asia-Pacific is slated to register the highest growth during the forecast period primarily due to the rising incidence of various zoonotic diseases and rising awareness about animal health.
The report also includes an extensive assessment of the product portfolio, geographic analysis, and key strategic developments in the industry's leading market participants over the past four years (2019-2022). The companion animal diagnostics market recently witnessed several new product launches, enhancements, approvals, partnerships & agreements, expansions, and acquisitions. For instance, in February 2021, Heska Corporation acquired Biotech Laboratories U.S.A. LLC (U.S.), a developer of rapid assay diagnostic testing, to help Heska expand its product portfolio and enter the rapid assay point of care diagnostics market. In August 2020, IDEXX Laboratories, Inc. (U.S.) launched PrsoCyte One Hematology Analyzer, which simplifies user experience and also gives more accurate results at the point of care.
The key players profiled in this market study are IDEXX Laboratories, Inc. (U.S.), Zoetis Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Heska Corporation (U.S.), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux S.A. (France), INDICAL BIOSCIENCE GmbH (Germany), Agrolabo SpA (Italy), Neogen Corporation (U.S.), and Idvet (France).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/companion-animal-diagnostics-market-5273
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
ABOUT / Portrait of the company - We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Companion Animal Diagnostics Market Worth $7.39 Billion by 2029 - Exclusive Report by Meticulous Research here
News-ID: 2643738 • Views: …
More Releases from Meticulous Research®
Nutraceutical Products Market: Growth Trends and Future Outlook to 2030| Meticul …
The nutraceutical products market is witnessing steady and significant growth, driven by a rising awareness of health, nutrition, and disease prevention. Between 2023 and 2030, the market is projected to expand at a compound annual growth rate of 7.8%, ultimately reaching a value of $691.87 billion by the end of the forecast period. This growth reflects a major shift in consumer mindset, as individuals increasingly seek products that offer both…
Global Feed Additives Market Outlook: Trends, Growth Drivers, and Regional Insig …
The way we feed our livestock is changing, and feed additives are at the heart of that transformation. Over the next decade, the global feed additives market is expected to surpass $51 billion, fueled by rising demand for meat and dairy products, concerns over animal health, and a push toward more sustainable farming practice. Farmers today are no longer just feeding animals they are strategically nourishing them to improve growth,…
Global Home Medical Equipment Market: Trends, Insights, and Forecast to 2030 | M …
The home medical equipment market is growing steadily and is projected to reach nearly $63 billion by 2030. These devices are designed to help people manage their health at home, allowing patients to remain independent while receiving the care they need. From respiratory devices to mobility aids, these products make it possible for individuals to maintain a better quality of life without relying entirely on hospital care. They are especially…
Global Membrane Filtration Technologies Market: Trends, Growth Drivers, and Regi …
The membrane filtration technologies market is steadily expanding, with expectations to hit $22.2 billion by 2030. Over the past few years, industries and municipalities alike have faced increasing pressure to manage water more efficiently. Water scarcity, environmental regulations, and operational needs have created a situation where traditional water treatment methods are no longer sufficient. Businesses are turning toward membrane filtration technologies as a solution that offers both reliability and precision.
Water…
More Releases for Animal
Animal Health Market Sets the Table for Continued Growth : Zoetis Animal Healthc …
Advance Market Analytics published a new research publication on "Animal Health Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Animal Health market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Animal Antimicrobials and Antibiotics Market 2023 Growth and Development By Bion …
Antibiotics, also called antibacterials, are a type of antimicrobial drug used in the treatment and prevention of bacterial infections. They may either kill or inhibit the growth of bacteria. Animal Antimicrobials and Antibiotics includes Premixes, Oral Powders, Oral Solutions and Injections on the base of classification, which represent 12.4%, 14.4%, 10.4% and 56.6% of global Animal Antimicrobials and Antibiotics market.
Get Sample Copy: https://www.worldwidemarketreports.com/sample/273708
Farm Animals and Companion Animals are the…
Animal Healthcare Market Analysis Focusing on Top Key Players - Merck, Bayer Ani …
Worldwide Market Reports recently released on the Animal Healthcare market for the forecast period, 2017 – 2022 is involved in screening the business environment and the companies operating in the Animal Healthcare industry. Importantly, the research sheds a lot of light on their winning strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. Besides, the industry is thoroughly weighed upon on the basis of…
Animal Model Market trends, Animal Model Market growth, Animal Model Market size …
Key Findings of Animal Model Market
Developing Regions to Overpower Developed Ones With Regard to Demand
The Asian territory is on the verge of evolving as the next big destination for animal models. This growth can be attributed to various factors such as American and European pharmaceutical companies diversifying their research activities to curtail extra expenses and save costs. Although U.S and Europe have retained their legacy in the global market, their…
Animal Growth Promoter Market Outlook To 2023 – Bayer Animal Health, Biomin, B …
Nov 2018, New York USA (News)- Different categories of feed additives for farm animals are referred to as natural growth promoters (NGPs) or non-antibiotic growth promoters. They are commonly regarded as favorable alternatives to antibiotic growth promoters (AGPs) in livestock production. NGPs include predominantly organic acids, probiotics, prebiotics, synbiotics, phytogenics, tannins, feed enzymes and immune stimulants, an ongoing search for alternatives has created a large variety of NGPs for pigs,…
Animal Antimicrobials and Antibiotics Market Key Players : Animal Health, Bayer …
The term antibiotic or antimicrobial is used for those agents who kill or inhibit the growth of microorganism. The antimicrobials products have significant benefits to the animal and to human food safety. There are researches, which have proven that an increase in the rate of animal illness results in higher rate of human illness. Therefore, livestock dealers depend on animal antibiotics to provide safe food. The scope of this report…
