Press release
With 8.8% CAGR, Veterinary Infectious Disease Diagnostics Market to hit US$ 2.8 Billion 2027
Veterinary Infectious Disease Diagnostics Market Report
What are the growth prospects of the veterinary infectious disease diagnostics industry?
The global veterinary infectious disease diagnostics market size reached US$ 1.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2027, exhibiting a growth rate (CAGR) of 8.8% during 2022-2027.
What is a veterinary infectious disease diagnostics?
Veterinary infectious disease diagnostic technologies comprise cytology, immunohistochemical stains, bacteriological culture, fecal examination, and nucleic acid amplification. They assist in detecting diseases, evaluating the overall health, and providing effective treatment to animals. As it also reduces the risk of cross-contamination, they are extensively utilized in reference laboratories, veterinary clinics, and research institutes and universities across the globe.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the veterinary infectious disease diagnostics market?
The increasing adoption of companion animals on account of inflating income levels and the rising trend of nuclear families represents one of the major factors strengthening the market growth. Besides this, there is a rise in the prevalence of zoonotic diseases among animals. This, along with the growing consumption of animal-derived products and rising concerns about food safety around the world, is driving the market. Furthermore, the coronavirus disease (COVID-19) outbreak is positively influencing the demand for polymerase chain reaction (PCR) testing to analyze the impact of the infection on animals, which is impelling the market growth.
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Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Technology:
Immunodiagnostics
Molecular Diagnostics
Others
Breakup by Animal Type:
Companion Animals
Food Producing Animals
Breakup by Infection Type:
Bacterial Infections
Viral Infections
Parasitic Infections
Others
Breakup by End User:
Reference Laboratories
Veterinary Laboratories and Clinics
Point of Care/In House Testing
Research Institutes and Universities
By Geography:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
Abbott Laboratories
Biomérieux SA
Creative Diagnostics
HESKA Corporation
Innovative Diagnostics
IDEXX Laboratories Inc
Neogen Corporation
Qiagen N.V
Randox Laboratories Ltd
Thermo Fisher Scientific Inc
Virbac
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