Veterinary Diagnostics Market Revenue Analysis, Competitive Landscape And Growing Trends

An overview of the Veterinary Diagnostics Market

VETERINARY DIAGNOSTICS is the term used to describe the detection and quantification of substances in non-human animal source materials. One crucial element of veterinary diagnosis is the clinical examination. It provides the necessary information for the veterinarian to diagnose the disease or conditions producing the clinical abnormalities. The veterinarian should be able to assess the severity of the pathophysiological processes with the aid of the findings of the clinical examination. Different veterinary technologies are used by veterinarians to diagnose illnesses, track the course of diseases or how well they respond to treatment, and check for underlying problems in animals that appear well.

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Veterinary Diagnostics Market Valuation:

Veterinary Diagnostics Market size was valued at USD 2.95 Bn. in 2022 and the total Veterinary Diagnostics revenue is expected to grow by 9.5% from 2023 to 2029, reaching nearly USD 5.58 Bn.

Veterinary Diagnostics Market Dynamics

Exploring Veterinary Diagnostics:

Understanding Veterinary Diagnostics:

Veterinary diagnostics encompass the identification and measurement of chemicals in non-human animal source materials, crucial for effective clinical examination and disease detection. From companion animals to livestock, these diagnostics play a pivotal role in maintaining animal health and well-being.

Technological advancements in veterinary diagnostics, including point-of-care testing and molecular diagnostics, are revolutionizing the field, enabling faster and more accurate disease detection. Moreover, rising investment in animal health and the prevalence of zoonotic illnesses are driving market growth.

Market Dynamics:

Zoonotic diseases, those transmitted from animals to humans, represent a significant global health concern. With approximately 30 major zoonotic diseases affecting humans, the importance of robust veterinary diagnostics in disease surveillance and prevention cannot be overstated.

However, challenges such as the high cost of pet care diagnostics and a shortage of veterinary professionals in developing countries pose significant hurdles to market expansion. Despite these challenges, the demand for advanced diagnostics remains strong, driven by the increasing prevalence of chronic illnesses in animals.

Veterinary Diagnostics Market Segmentation

Veterinary Diagnostics Market, by Product

• Consumables, Reagents & Kits
• Instruments & Devices

Veterinary Diagnostics Market, by Species

• Cattle
• Canine
• Feline
• Caprine
• Equine
• Ovine
• Porcine
• Avian
• Others

Veterinary Diagnostics Market, by Testing Type

• Analytical Services
• Diagnostic Imaging
• Bacteriology
• Pathology
• Molecular Diagnostics
• Immunoassays
• Parasitology
• Serology
• Virology

The Pathology Testing Type category held a dominant market position by virtue of its high compound annual growth rate (CAGR) in 2022 and is predicted to maintain this position through the conclusion of the forecast period. The segment offers a wide range of services, including specialised diagnostics, imaging, and numerous lab tests. It comprises diagnostics for immunological histochemistry and histopathology, which are used to identify alterations in animal tissues brought on by illnesses or diseases. Cells can be isolated from animal biopsy samples, which are then processed and sent to pathologists for additional evaluation through the use of contemporary technology and specialised Hematoxylin and Eosin (H&Es) staining. For infectious diseases like the adenovirus and the distemper virus, as well as neoplastic conditions in both small and large animals, immunohistochemistry offers markers.

Veterinary Diagnostics Market, by End-use

• Laboratories
• Veterinary Hospitals and Clinics
• Point-Of-Care/In-House Testing
• Research Institutes and Universities

Through End-Use A vital part of any programme for monitoring or control is laboratory diagnostics. The majority of countries keep a national laboratory that tests for transboundary animal diseases (TADs) and provides support for national initiatives to eradicate and control diseases; these elements are what are propelling the growth of the market. Quality assurance programmes are being developed by numerous national and state laboratories to guarantee the reliability of test results. In order to respond to TAD introductions and provide the surveillance programmes necessary to detect disease introductions and confirm disease freedom, veterinary services rely on the diagnostic capabilities of the laboratory system.

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Veterinary Diagnostics Market Key Players

• Thermo Fisher Scientific Inc (US)
• Abaxis Inc (US)
• IDVet(France)
• Bionote, Inc.(US)
• Idexx Laboratories Inc(US)
• Neogen Corp (US)
• Merck(US)
• Heska Corporation(US)
• BioChek(US)
• Precision Biosensor, Inc.(US)
• Zoetis (US)
• IncIm3 Inc (US)
• VCA Antech (US)
• Henry Schein Inc. (US)
• SKYER, Inc.(US)
•Covetrus (US)
• Randox Laboratories Ltd.(UK)
• Biopanda Reagents (UK)
• IM3Vet Pty Ltd.(Australia)
• bioMérieux SA (France)
• Virbac Corp (France)
• Alvedia(France)
• Shenzhen Bioeasy Biotechnology Co., Ltd (China)
•INDICAL BIOSCIENCE GmbH (Germany)
• Fassisi GmbH ( Germany)
• QIAGEN N.V.(Germany)
• Qiagen N.V(Germany)
• Agrolabo SPA,(Italy)

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Table of content for the Veterinary Diagnostics Market includes:

Part 01: Executive Summary

Part 02: Scope of the Veterinary Diagnostics Market Report

Part 03: Global Veterinary Diagnostics Market Landscape

Part 04: Global Veterinary Diagnostics Market Sizing

Part 05: Global Veterinary Diagnostics Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The global Veterinary Diagnostics market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Veterinary Diagnostics Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Veterinary Diagnostics to bolster military capabilities.

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