Companion Animal Diagnostics Market is slated to Witness Tremendous Revenue Growth of US$ 2,684.86 Million by 2027 - The Insight Partners

Companion Animal Diagnostics Market study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.

The companion animal diagnostics market is expected to grow owing to factors such as growing prevalence of chronic diseases in pet animals and increasing adoption of pets for companionship. However, increasing pet care costs and extended pet lifespan are likely to restrain the growth of the market during the forecast period.

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The report on the Companion Animal Diagnostics market includes information on the strategic collaborations. The study also mentions the key players across the Companion Animal Diagnostics market. Here are some prominent participants involved in the Companion Animal Diagnostics Market - Major Players: Zoetis Inc., IDEXX laboratories, Inc, Thermo Fisher Scientific Inc, Virbac, Randox Laboratories Ltd, idvet, IDEXX Laboratories, Inc, Heska Corporation, Fujifilm Corporation, and Skyla Corporation are among the leading companies operating in the companion animal diagnostics market.

Based on technology, the global companion animal diagnostics market is segmented into immunodiagnostics, clinical biochemistry, hematology, urinalysis, molecular diagnostics, and others. The immunodiagnostics segment is further sub-segmented into lateral flow assays, Elisa tests, allergen-specific immunodiagnostic tests, and immunoassay analyzers. Whereas the clinical biochemistry is sub-segmented into clinical chemistry analysis, glucose monitoring, and blood gas electrolyte analysis.

The immunodiagnostics segment held a largest share of the market in 2019. However, the clinical biochemistry segment is estimated to register a higher CAGR during the forecast period owing to increasing adoption of clinical chemistry analysis, glucose monitoring, and blood gas electrolyte analysis products.

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Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Companion Animal Diagnostics Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Companion Animal Diagnostics Market is analysed and depicted in the report.

Strategic Insights

Report Coverage Details
Market Size Value in US$ 2,031.62 Million in 2019
Market Size Value by US$ 2,684.86 Million by 2027
Growth rate CAGR of 4.1% from 2020-2027
Forecast Period 2020-2027
Base Year 2020
Historical data available Yes
Segments covered Technology ; Application ; Animal Type ; End User ;and Geography
Regional scope North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Companion Animal Diagnostics market. The researcher provides an extensive analysis of the Companion Animal Diagnostics market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

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Contact Person: Sameer Joshi
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About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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