Veterinary Infectious Disease Diagnostics Market Analysis, Industry Size, Share, Key Players And Forecast To 2032

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

The Business Research Company's Veterinary Infectious Disease Diagnostics Global Market Report 2023 identifies increasing incidence of transboundary and zoonotic diseases such as rabies as the major driver for the veterinary infectious disease diagnostics market's growth in the forecast period. Zoonoses are diseases and infections that are transferred spontaneously between humans and vertebrate animals. Veterinary infectious disease diagnostics are used to detect rabies in pets and animals. These devices are used to prevent animals from causing death.

The global veterinary infectious disease diagnostics market size will grow from $1.65 billion in 2022 to $1.85 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. 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 size of veterinary infectious disease diagnostics market is expected to grow to $2.74 billion in 2027 at a CAGR of 10.4%.

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Major competitors in the veterinary infectious disease diagnostics market are Zoetis Inc., IDEXX Laboratories Inc., Thermo Fisher Scientific Inc., QIAGEN N.V., IDvet, NEOGEN Corporation, INDICAL BIOSCIENCE GmbH.

A key trend in the veterinary infectious disease diagnostics market includes technological advancement. Major companies operating in the veterinary infectious disease diagnostics market are introducing new technological innovations to sustain their position in the market. For instance, in 2020, LexaGene, a US-based company operating in veterinary infectious disease diagnostics, released MiQLab, a gold standard diagnostic equipment that uses a unique RT-qPCR-based technology to evaluate each sample's contents for up to 27 distinct pathogens in under an hour. MiQLab is unique in that it is open-source, allowing users to customize existing tests and build new ones with ease. If a new test is necessary due to a mutation, the open-access functionality allows new tests to be developed quickly on LexaGene's MiQLab system.

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The veterinary infectious disease diagnostics market is segmented -
1) By Infection Type: Viral Infections, Bacterial Infections, Parasitic Infections, Other Infections

2) By Animal Type: Companion Animal, Food-Producing animals

3) By Technology: Immunodiagnostics, Molecular Diagnostic, Other Technologies

4) By End User: Reference Laboratories, Veterinary Hospitals and Clinics, Point of Care, Research Institutes and Universities, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the veterinary infectious disease diagnostics market.

The Business Research Company's "Global Veterinary Infectious Disease Diagnostics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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

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