Veterinary Molecular Diagnostics Market Value to Reach US$ 1.1 Bn by 2031, Transparency Market Research, Inc.

The global 𝐯𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐦𝐨𝐥𝐞𝐜𝐮𝐥𝐚𝐫 𝐝𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 was valued at US$ 543.9 million in 2022 and is projected to grow at a CAGR of 7.9% from 2023 to 2031, reaching US$ 1.1 billion by 2031.

Analysts attribute this growth to increased pet ownership and the prevalence of vector-borne diseases. Additionally, the surge in research and development activities, coupled with the introduction of new veterinary molecular diagnostic methods and technological advancements, is driving market demand.

To enhance their market positions, vendors are prioritizing research and development efforts and exploring collaborations with other industry players. They are also focusing on developing innovative analyzers that streamline workflow and eliminate manual steps, ensuring consistent and clinically actionable results for veterinarians.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Molecular diagnostics are crucial laboratory methods for identifying diseases in animals by examining RNA, DNA, or proteins. They play a vital role in diagnosing vector-borne diseases, respiratory pathogens, and diarrhea pathogens in both companion and livestock animals.

Various technologies such as conventional PCR, singleplex PCR, multiplex PCR, and real-time PCR are used for veterinary molecular diagnosis, aiding in the detection of bacterial, viral, fungal, and parasitic infections.

While conventional laboratory diagnostics rely on techniques like neutralization and ELISA, advancements have led to the adoption of new molecular techniques like Western blot and PCR, driving the demand for veterinary molecular diagnostics globally.

Despite steady adoption of conventional methods, the rise of new molecular techniques, along with improved immunoassays and biosensors, is expected to fuel growth in the veterinary molecular diagnostics industry.

𝐌𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬

IDEXX Laboratories, Inc., Thermo Fisher Scientific, Inc., Zoetis, Inc., Neogen Corporation, bioMérieux SA, QIAGEN N.V., Biomedica Medizinprodukte GmbH, Bioneer, Mars, Incorporated, and Innovative Diagnostics

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐏𝐫𝐞𝐯𝐚𝐥𝐞𝐧𝐜𝐞 𝐨𝐟 𝐕𝐞𝐜𝐭𝐨𝐫-𝐛𝐨𝐫𝐧𝐞 𝐃𝐢𝐬𝐞𝐚𝐬𝐞𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐨𝐠𝐫𝐞𝐬𝐬

Vector-borne diseases are on the rise in dogs and cats globally, transmitted by various pathogens including viruses, bacteria, protozoa, and helminths. This trend poses significant threats and economic losses due to emerging or re-emerging diseases.

According to the World Health Organization, vector-borne diseases contribute to over 17% of infectious diseases, resulting in more than 700,000 deaths yearly.

The veterinary molecular diagnostics market is poised for growth, driven by advancements in diagnostic techniques and groundbreaking discoveries in animal health. Progress in detecting and managing diseases among animals will further propel market expansion.

Technological advancements and increased investments are driving innovations in veterinary molecular diagnostics. These developments are crucial for detecting new pathogens and enhancing food security in developing countries like India and China.

Adoption rates of veterinary molecular diagnostic techniques are rising, particularly in livestock management, aided by new vaccines and genomic approaches. Progress in DNA sequencing platforms and data analysis is also contributing to market growth.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Product Type

Instruments & Software
Kits & Reagents
Services

Technology

Conventional PCR
Singleplex PCR
Multiplex PCR
Real-time PCR
Others

Disease Type

Vector-borne Diseases
Respiratory Pathogens
Diarrhea Pathogens
Others

Animal Type

Companion Animal
Livestock Animal

End-user

Hospitals/Clinics
Reference Laboratories

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In January 2024, IDEXX Laboratories, Inc. launched the IDEXX inVue Dx Cellular Analyzer, a first-of-its-kind slide-free cellular analyzer to detect the most common cytologic changes found in ear and blood samples

In January 2024, Zoetis Inc. announced the expansion of its multi-application diagnostics platform, Vetscan Imagyst, to include AI Urine Sediment analysis. The new application enables accurate, in-clinic sediment analysis of fresh urine, allowing clinicians to make treatment decisions quickly.

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:
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𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of point-of-care molecular diagnostic devices for rapid testing.
Integration of artificial intelligence and machine learning in veterinary diagnostics.
Collaboration between veterinary diagnostics companies and academic institutions for research and development.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The veterinary molecular diagnostics market is poised for continued growth, driven by technological advancements, increasing pet ownership, and a growing emphasis on preventive healthcare for animals. Market players are expected to focus on expanding their product portfolios and geographical presence to capitalize on emerging opportunities.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market size and forecast analysis.
Competitive landscape assessment.
Regulatory landscape overview.
Technological advancements and innovations in molecular diagnostics.
Consumer behavior and purchasing trends in veterinary diagnostics.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐏𝐄𝐄𝐊 𝐃𝐞𝐧𝐭𝐚𝐥 𝐈𝐦𝐩𝐥𝐚𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/02/15/2608968/0/en/PEEK-Dental-Implants-Market-Value-to-Surpass-US-84-9-Million-by-2031-Transparency-Market-Research-Inc.html

𝐃𝐔𝐕 𝐋𝐢𝐭𝐡𝐨𝐠𝐫𝐚𝐩𝐡𝐲 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/02/15/2608722/0/en/DUV-Lithography-Systems-Market-Estimated-to-Reach-Revenue-of-US-12-3-Billion-by-End-of-2031-Transparency-Market-Research-Inc.html

 

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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