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Veterinary Diagnostic Equipment Market Overview 2024-2033 | IDEXX Laboratories Inc., ABAXIS Inc., HESKA Corporation, Zoetis Inc., Virbac, Mindray Medical International Limited, Neogen Corporation

12-22-2023 10:37 AM CET | Health & Medicine

Press release from: The Buisness Research Company

Veterinary Diagnostic Equipment

Veterinary Diagnostic Equipment

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 Diagnostic Equipment Global Market Report 2023 identifies diseases as the major driver for the Veterinary Diagnostic Equipment market's growth in the forecast period. 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.

The veterinary diagnostic equipment market size has grown strongly in recent years. It will grow from $1.02 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increasing pet ownership, growing livestock industry, prevalence of companion animals, demand for preventive veterinary care, rising disposable income levels.

The veterinary diagnostic equipment market size is expected to see strong growth in the next few years. It will grow to $1.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.

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Major competitors in the Veterinary Diagnostic Equipment market are IDEXX Laboratories Inc., ABAXIS Inc., HESKA Corporation, Zoetis Inc., Virbac, Mindray Medical International Limited, Neogen Corporation.

A key trend in the Veterinary Diagnostic Equipment market includes technological advancement. Veterinary diagnostic equipment manufacturers are introducing advanced technologies such as advanced blood microsampling techniques to enable enhanced precision, patient-centered specimen collection, and diagnosis of diseases in animals. Blood microsampling is a technique that allows the participants to draw blood samples from their livestock and companion animals with ease. The samples are then forwarded to labs for further diagnosis. This technique is an extension of dry blood sampling, which is a method of collecting blood.

Read More On The Global Veterinary Diagnostic Equipment Market Report Here:
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The Veterinary Diagnostic Equipment market is segmented -
• By Product: Hematology, Immunodiagnostics, Clinical Chemistry, Molecular Testing
• By Animal: Livestock Cattle, Domestic Pets
• By End Users: Hospitals And Clinics, Reference Laboratories, Universities/Research Centers, Point-Of-Care/In-House Testing
• 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.

The Business Research Company's "Global Veterinary Diagnostic Equipment 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 Diagnostic Equipment Market Include:

1. Veterinary Diagnostic Equipment Market Executive Summary
2. Veterinary Diagnostic Equipment Market Segments
3. Veterinary Diagnostic Equipment Market Size And Veterinary Diagnostic Equipment Market Growth Rate
4. Key Veterinary Diagnostic Equipment Market Trends
5. Major Veterinary Diagnostic Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Veterinary Diagnostic Equipment Market
26. Top Veterinary Diagnostic Equipment Companies
27. Veterinary Diagnostic Equipment Market Opportunities And Strategies
28. Veterinary Diagnostic Equipment Market, Conclusions And Recommendations
29. Appendix

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