Bovine Diagnostics Market Emerging Growth Analysis, Future Demand and Business Opportunities 2030

The "Bovine Diagnostics Market" size is expected to reach US$ 2,011.15 million by 2030 from US$ 1,155.59 million in 2022; it is estimated to record a CAGR of 7.2% from 2022 to 2030.

Continuous research and development efforts allow veterinary diagnostics companies to launch various innovative diagnostics products that provide rapid results. In addition, growing awareness among end users through the government's educative and knowledge-sharing programs has encouraged these companies to introduce advanced diagnostics products.

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Companies Profiled in this report includes:

• Idexx Laboratories Inc.
• PBD Biotech Ltd
• Thermo Fisher Scientific Inc.
• Innovative Diagnostics SAS
• Neogen Corp
• Enfer Labs
• bioMerieux SA
• Ring Biotechnology Co Ltd.
• Bionote Inc
• Shenzhen Bioeasy Biotechnology Co Ltd.

A few of the recent product launches in the bovine diagnostics market have been mentioned below.

•In June 2023, Zoetis, Inc. launched Vetscan Mastigram+, an on-farm mastitis diagnostic solution that provides results 8 hours before the next milking. The Vetsacn Mastigram+ uses a flow dipstick test to detect Gram-positive mastitis in cattle. The product would detect the presence of Gram-positive pathogens in cow milk with 99% sensitivity and 100% specificity, along with differentiating between for Gram-positive and Gram-negative bacteria.

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Bovine Diagnostics Market Segmentation:

By Product:
• Immunoassay Kits
• PCR Kits
• Hemagglutination Inhibition (HI) Assay

By Disease Type:
• Bovine Viral Diarrhea (BVD)
• Bovine Tuberculosis (TB)
• Bovine Mastitis
• Foot and Mouth Disease (FMD)

By End User:
• Veterinary Hospitals
• Veterinary Clinics

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Increasing incidences of foot and mouth diseases are likely to boost the growth of bovine diagnostics market:

In livestock, foot and mouth disease (FMD) is a highly contagious viral disease that has a significant economic impact. It affects cattle, swine, sheep, goats, and other cloven-hoofed ruminants. The disease is a transboundary animal disease (TAD) that disrupts the trade of animals and animal products in regional and global markets. According to the World Organization for Animal Health, 77% population of livestock is estimated to be infected with the disease across the world, primarily in Africa, the Middle East, and Asia, as well as a limited area of South America. A total of 75% of FMD prevention and control costs are provided by countries with low incomes and lower middle incomes. Approximately 50% of the total costs are incurred by Africa and Eurasia. Seven strains of an Aphthovirus (A, O, C, SAT1, SAT2, SAT3, and Asia1) are endemic in different parts of the world. The prevention of FMD is based on early detection and warning systems, effective surveillance, and other measures. Each strain requires a specific vaccine to provide immunity to a vaccinated animal.

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