Veterinary Infectious Disease Diagnostics Market Trend & Worth USD 3.76 Billion in 2030 - Report by Emergen Research

The Veterinary Infectious Disease Diagnostics Market is a rapidly growing sector that plays a critical role in the prevention and control of infectious diseases in animals. The market includes various diagnostic tests, such as molecular diagnostics, immunodiagnostics, and others, that are used to detect, monitor, and manage infectious diseases in animals.

Overview:

The global Veterinary Infectious Disease Diagnostics Market is expected to grow significantly in the coming years. The market is primarily driven by the increasing prevalence of infectious diseases in animals, rising demand for animal-derived food products, and growing awareness about zoonotic diseases. Additionally, advancements in diagnostic technologies and the emergence of new and innovative diagnostic tests are also driving the growth of the market.

Drivers:

One of the major drivers of the Veterinary Infectious Disease Diagnostics Market is the increasing prevalence of infectious diseases in animals. Infectious diseases can have a significant impact on animal health, causing significant economic losses for livestock farmers and threatening food security. As a result, there is a growing demand for effective diagnostic tests that can detect and manage these diseases. Additionally, the increasing demand for animal-derived food products, such as meat, dairy, and eggs, is also driving the growth of the market.

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Restraints:

Despite the growth potential of the Veterinary Infectious Disease Diagnostics Market, there are several factors that may restrain its growth. The high cost of diagnostic tests and the lack of skilled professionals may limit the adoption of these tests, particularly in developing countries. Additionally, the lack of standardization and harmonization of diagnostic protocols may hinder the growth of the market.

Growth Factors:

The Veterinary Infectious Disease Diagnostics Market is expected to grow significantly in the coming years due to several growth factors. These include the increasing prevalence of infectious diseases in animals, growing demand for animal-derived food products, and advancements in diagnostic technologies. Additionally, the rising awareness about zoonotic diseases and the need for early detection and control of these diseases are also driving the growth of the market. Furthermore, the emergence of new and innovative diagnostic tests is also expected to drive the growth of the market.

Statistics:

According to the World Organisation for Animal Health (OIE), around 60% of all human infectious diseases are of animal origin. Additionally, the OIE estimates that infectious diseases in animals cause losses of around $300 billion annually. These statistics highlight the critical need for effective diagnostic tests to manage and control infectious diseases in animals.

Major Companies and Competitive Landscape:

The Veterinary Infectious Disease Diagnostics Market is highly competitive, with several players competing for market share. Some of the key players in the market include IDEXX, Thermo Fisher Scientific, Heska Corporation, Neogen Corporation, QIAGEN, Randox Laboratories Ltd, BIOMÉRIEUX, Virbac, Zoetis, and BioChek.

IDEXX Laboratories, Inc. is one of the leading players in the Veterinary Infectious Disease Diagnostics Market, offering a wide range of diagnostic tests for infectious diseases in animals. The company's product portfolio includes the SNAP tests, which are rapid and accurate tests for the detection of various infectious diseases in animals.

Zoetis, Inc. is another major player in the market, offering a broad range of veterinary diagnostic products for infectious diseases, including the Diagnostics Portfolio, which includes tests for various infectious diseases, such as Lyme disease, leptospirosis, and parvovirus.

Thermo Fisher Scientific, Inc. is also a key player in the Veterinary Infectious Disease Diagnostics Market, offering a wide range of diagnostic tests, including the VetMAX™-Gold SIV Detection Kit, which is a PCR-based test for the detection of swine influenza virus.

Heska Corporation is a leading provider of veterinary diagnostic products and services, offering a range of diagnostic tests, including the Element DC and DRI-CHEM immunoassay analyzers, which are used for the detection of various infectious diseases in animals.

Bio-Rad Laboratories, Inc. is a global leader in life science research and clinical diagnostics, offering a range of veterinary diagnostic products, including the BioPlex 2200 System, which is a multiplex assay system for the detection of infectious diseases in animals.

Neogen Corporation is a provider of diagnostic products and services for the food and animal safety industries, offering a range of veterinary diagnostic products, including the AccuPoint Advanced ATP Hygiene Monitoring System, which is a rapid hygiene monitoring system used to detect ATP on surfaces.

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Segmentation Insights for Veterinary Infectious Disease Diagnostics Market Report:

The technology outlook for the Veterinary Infectious Disease Diagnostics Market includes immunodiagnostics, lateral flow assays, ELISA tests, molecular diagnostics, PCR tests, and microarrays. The revenue generated by these technologies is expected to increase significantly from USD Billion in 2019 to USD Billion by 2030. The growing demand for accurate and rapid diagnostic tests for infectious diseases in animals is expected to drive the growth of these technologies.

In terms of animal type outlook, the Veterinary Infectious Disease Diagnostics Market is segmented into companion animals and food-producing animals. The revenue generated by the diagnostic tests for companion animals is expected to increase significantly from USD Billion in 2019 to USD Billion by 2030, due to the growing demand for pet healthcare services. Similarly, the revenue generated by the diagnostic tests for food-producing animals is also expected to increase from USD Billion in 2019 to USD Billion by 2030, due to the growing concern over food safety.

The end-use outlook for the Veterinary Infectious Disease Diagnostics Market includes veterinary hospitals & clinics, veterinary reference laboratories, point of care/in-house testing, and veterinary research institutes & universities. The revenue generated by these end-use segments is expected to increase significantly from USD Billion in 2019 to USD Billion by 2030. The growing awareness among pet owners and farmers about the importance of timely diagnosis of infectious diseases in animals is expected to drive the growth of these segments.

Geographically, the Veterinary Infectious Disease Diagnostics Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The revenue generated by these regions is expected to increase significantly from USD Billion in 2019 to USD Billion by 2030. North America is expected to dominate the market during the forecast period, due to the presence of major players in the region and the growing demand for pet healthcare services. Similarly, Asia Pacific is also expected to witness significant growth during the forecast period, due to the growing demand for food safety and increasing pet ownership in the region.

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