Veterinary Diagnostic Equipment Market Growth, Industry, Share And Outlook 2032 | IDEXX Laboratories, ABAXIS, HESKA Corporation, Zoetis, Virbac

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Veterinary Diagnostic Equipment market report by The Business Research Company, an increase in the prevalence rate of diseases among animals serves as one of the major drivers of the veterinary diagnostic equipment market. Due to the increase in the incidence of diseases in livestock and pets, the demand for enhanced diagnostic equipment increases. For instance, according to the Banfield Pet Hospital's 2020 Veterinary Emerging Topics (VET) Report, more than 50% of the dogs at 1,000 hospitals in 2019 were overweight or obese.

The global veterinary diagnostic equipment market size will grow from $0.94 billion in 2022 to $1.01 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global veterinary diagnostic equipment market size is expected to grow from $1.31 billion in 2027 at a CAGR of 6.7%.

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Major competitors in the Veterinary Diagnostic Equipment market include IDEXX Laboratories, ABAXIS, HESKA Corporation, Zoetis, Virbac, Mindray Medical International Ltd., Neogen Corporation, QIAGEN N.V., Agfa Healthcare, and Toshiba.

The Veterinary Diagnostic Equipment market is segmented -
1) By Product: Hematology, Immunodiagnostics, Clinical Chemistry, Molecular Testing

2) By End Users: Hospitals And Clinics, Reference Laboratories, Universities/Research Centers, Point-Of-Care/In-House Testing

3) By Animal: Livestock Cattle, Domestic Pets

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Veterinary Diagnostic Equipment market.

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Veterinary diagnostic equipment refers to devices and instruments mainly used by veterinary practitioners in determining and identifying various disorders in animals by using various diagnostic equipment such as clinical thermometers, diagnostic lights, X-ray equipment, and certain diagnostic test kits to detect the cause of disease and determine the treatment schedule for animals.

The Table Of Content For The Veterinary Diagnostic Equipment Market Include:
1. Executive Summary
2. Veterinary Diagnostic Equipment Market Characteristics
3. Veterinary Diagnostic Equipment Market Trends And Strategies
4. Veterinary Diagnostic Equipment Market - Macro Economic Scenario
5. Veterinary Diagnostic Equipment Market Size And Growth
……
26. Africa Veterinary Diagnostic Equipment Market
27. Veterinary Diagnostic Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Veterinary Diagnostic Equipment Market
29. Veterinary Diagnostic Equipment Market Future Outlook and Potential Analysis
30. Appendix

The "Global Veterinary Diagnostic Equipment Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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