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Growing Demand and Trends of Animal Health Diagnostics Market To Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth, Forecast 2031, Players - Bio X Diagnostics SA, Bionote Co Ltd

05-27-2024 03:39 PM CET | Health & Medicine

Press release from: Worldwide Market Reports

Animal Health Diagnostics Market

Animal Health Diagnostics Market

Market Overview:

Animal health diagnostics support veterinarians in detecting and monitoring diseases in animals through tests and examinations. Diagnostic tests help identify infectious agents, assess organ functions, detect cancers and monitor drug therapy.

Market Dynamics:

Growing pet ownership worldwide is driving the growth of the animal health diagnostics market. According to the American Pet Products Association (APPA), around 90.5 million U.S. households, or about 68% of U.S. households, own a pet. The heightened human-animal bond results in owners regarding pets as valued family members, leading to increased spending on pet care which includes regular veterinary checkups and disease diagnosis tests. Furthermore, rising concerns about zoonotic diseases and their impact on public health has led to increased funding from governments and international organizations towards animal disease prevention, control and eradication programs. These initiatives involve large-scale screening of livestock population which fuels the demand for diagnostic tests and services in the animal health sector.

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1) To understand how our report can make a difference to your business strategy
2) To understand the analysis and growth rate in your region
3) Graphical introduction of global as well as regional analysis
4) Know the top key players in the market with their revenue analysis
5) SWOT analysis, PEST analysis, and Porter's five force analysis

Market Drivers Supporting the Growth of the Animal Health Diagnostics Market

The companion animal sector is booming globally, driven by humanization trends and busier lifestyles that prompt more people to acquire pets. Rising pet adoption has led to increased spending on animal welfare needs like regular health checkups, diagnostics and vaccinations. According to the American Pet Products Association, around 85 million households in the US own at least one pet currently. Such growing pet ownership presents abundant opportunities for animal disease testing manufacturers.

Animal diagnostics is advancing rapidly with new technology innovations that improve efficiency, outcomes and convenience. Point-of-care testing solutions are gaining favor as they enable instant diagnosis and treatment decisions. Molecular diagnostic tools are augmenting traditional methods with higher accuracy, earlier disease detection and new applications. Automation integration offers streamlined workflows while minimizing turnaround times for results. The introduction of novel biomarker identification techniques also expands the diagnostic areas. These technological advancements are supporting wider adoption and new revenue channels for animal health diagnostic companies.

Major Players are listed in this report:

❖ Bio X Diagnostics SA
❖ Bionote Co Ltd
❖ Ellie Diagnostics
❖ Eurofins Scientific SE
❖ Eurolyser Diagnostics GmbH
❖ Galaxy Diagnostics
❖ Heska Corp.
❖ IDEXX Laboratories Inc.
❖ Innovative Diagnostics
❖ Mars Inc.
❖ Mindray Bio medical Electronics Co. Ltd.
❖ Neogen Corp.
❖ Randox Laboratories Ltd.
❖ Secure Diagnostics Pvt. Ltd.
❖ Teco Diagnostics
❖ Thermo Fisher Scientific Inc.
❖ Vimian Group AB
❖ Zoetis Inc.

Segments Breakdown, The market is categorized as follows:

By Type -

❖ Companion
❖ Livestock

By Application -

❖ Veterinary hospitals
❖ Veterinary clinics
❖ Diagnostic centers

Market Opportunity for Boosting the Animal Health Diagnostics Market

With ever greater scrutiny on food safety, governments are prioritizing disease surveillance in livestock to prevent outbreaks that jeopardize public health and trade. Regular monitoring and testing schemes target pathogens affecting poultry, cattle and other food animals. This presents an active opportunity area for animal diagnostic device makers and service providers. Export market access also depends on robust testing programs demonstrating disease freedom. As food safety oversight rises in developing regions undergoing agricultural modernization, it translates to a expanding customer segment for animal health diagnostic enterprises.

Market Trend Influencing the Animal Health Diagnostics Market

A major trend gaining recognition is theshift towards faster on-site diagnostics that enable quick clinical decisions. Whether for emergency rooms or farms, the ability to get test results within hours instead of days enables timely treatment, limits unnecessary hospitalization and prevents disease spread in herds. Technologies like portable microscopy, molecular assays giving real-time PCR outcomes and wireless monitoring solutions are seeing higher relevance and investment focus industry-wide. This accentuates the need for diagnostics manufacturers to deliver portable, rapid and easy-to-use testing platforms customized for point-of-care and field applications.

Key Benefits for Stakeholders:

⏩ The study includes a comprehensive analysis of current Animal Health Diagnostics Market trends, estimations, and market size dynamics from 2024 to 2031 to identify the most potential prospects.
⏩ The five forces study by Porter underlines the role of buyers and suppliers in aiding stakeholders in making profitable business decisions and expanding their supplier-buyer network.
⏩ In-depth research, as well as market size and segmentation, can assist you in identifying current Animal Health Diagnostics Market opportunities.
⏩ The largest countries in each area are mapped based on their market revenue contribution.
⏩ The Animal Health Diagnostics Market research report provides an in-depth analysis of the top competitors in the Animal Health Diagnostics Market.

Global Animal Health Diagnostics Market 2024 Key Insights:

¤ Research and analyze the Animal Health Diagnostics Market standing and future forecast associated with production, Animal Health Diagnostics Market price structure, consumption, and Animal Health Diagnostics Market historical knowledge.
¤ The report understands the structure of Animal Health Diagnostics Market trade by distinctive its varied segments and sub-segments.
¤ Market split the breakdown knowledge by company, products, end-user, and prime countries, Animal Health Diagnostics Market history knowledge from 2017 to 2022 and forecast to 2031.
¤ Analysis of Animal Health Diagnostics Market regarding individual growth trends, prospects, and their contribution to the overall Animal Health Diagnostics Market.
¤ Global Animal Health Diagnostics Market 2024 report analyzes competitive expansions like agreements, new product launches, and Animal Health Diagnostics Market acquisitions.
¤ Research report targets the key international Animal Health Diagnostics Market players to characterize sales volume, Animal Health Diagnostics Market revenue, growth potential, drivers, SWOT analysis, and Animal Health Diagnostics Market development plans in coming years.

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