Veterinary Diagnostics Market Worth USD 9.9 Billion at a 9.9% CAGR by 2030

Veterinary Diagnostics Market Insights:

In a recent research report by Market Research Community, the veterinary diagnostics market is expected to surpass USD 9.9 Billion by the year 2030, from USD 14.97 Billion in 2021.

An essential and crucial part of managing and preventing the spread of diseases among animals is veterinary diagnostics. The market for animal diagnostics is expanding quickly due to the increased focus on preventing and controlling zoonotic animal diseases that directly affect the global human population. The Centers for Disease Control and Prevention (CDC) reported in 2017 that approximately 10,000 Americans experience zoonotic infections each year. One of the main global public concerns nowadays is the increasing incidence and prevalence of zoonotic illnesses.

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Top Key Players of the Veterinary Diagnostics Market:

Zoetis, Heska Corp., IDEXX Laboratories Inc., Agrolabo S.p.A., IDvet, Virbac, Thermo Fisher Scientific Inc., Neogen Corp., Covetrus, iM3Vet Pty Ltd.

Test Type Covered in This Report Are:
Analytical Services
Diagnostic Imaging
Bacteriology
Pathology
Molecular Diagnostics
Immunoassays
Parasitology
Serology
Virology

By End Use:

Laboratories
Veterinary Hospitals and Clinics
Point-Of-Care/In-House Testing
Research Institutes and Universities

Regional Analysis:
North America- (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

 

Due to rising pork consumption and the need for better diagnostic methods, the porcine category also retained a sizeable portion of the market in 2021. MYRTA, a portable real-time polymerase chain reaction device for molecular diagnostics for human and animal health, was introduced by MatMaCorp in March 2021. Due to its ability to identify the porcine reproductive and respiratory syndrome virus, the MYRTA system may potentially be useful in veterinary medicine.

During the projection period, the Asia Pacific regional market is expected to develop at the fastest rate. Increasing numbers of middle-class homes, more disposable money, acceptance of pets, and a high need for animal proteins are just a few of the major reasons anticipated to propel regional market expansion.

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The veterinary diagnostics market is projected to grow at a significant pace reaching a CAGR of approximately 9.9%, over the forecast period of 2022-2030, despite a considerable fall in Product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

The study is consolidated into major segments and further into sub-segments, such as by Product (Consumable, Reagents, & Kits, Instruments, and devices), Species (Cattle, Canine, Caprine, Equine, Ovine, Porcine, Avian, and others), Testing Type (Analytical Services, Diagnostic Imaging, Bacteriology, Pathology, Molecular Diagnostics, Immunoassays, Parasitology, Serology, Virology), by diseases type (Infectious Diseases, Non-Infectious Diseases, Hereditary, Congenital and Acquired Diseases, General Ailments, Structural and Functional Diseases) By End-use (Laboratories, Veterinary Hospitals and Clinics, Point-Of-Care/In-House Testing, Research Institutes and Universities) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 - 2021, considering 2021 as the base year.

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The research provides answers to the following key questions: 

What type of customers buying the products and services from companies operating in the Veterinary Diagnostics Market?
What will be the roadmap for the product manufacturers operating in the Veterinary Diagnostics Market for the forecast period, 2022 to 2030?
What are the recent developments in the competitive landscape to look out for during the estimated period?
What are the major trends influencing customers' lives and their buying behaviour?
How can brands best communicate with the customers they intend to target?
When, where and how the customers want to use or consume the products or services?

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This release was published on openPR.