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Animal Therapeutics And Diagnostics Market Trends, Top Companies, Share, Growth And Forecast 2033
Animal Therapeutics And Diagnostics Market Trends
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Surge In Pet Adoption To Drive Market Growth
Rising pet adoption is expected to propel the animal therapeutics and diagnostics market going forward. Animal treatments and diagnostics are in high demand as more and more individuals take pets into their families and become more aware of and concerned about their health. The pet owners are willing to spend money on medical care, routine check-ups, and preventive care. For instance, in 2021, according to Chewy Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. Therefore, the rising pet adoption rate is driving the animal therapeutics and diagnostics market.
Product Innovations Transforming The Animal Therapeutics And Diagnostics Market
Product Innovations are a key trend gaining popularity in the animal therapeutics and diagnostics market. Major companies operating in the animal therapeutics and diagnostics market are developing innovative technologies to sustain their position in the market. For instance, in December 2022, EKF Diagnostics, a UK-based vitro diagnostics company, launched a new version of the Lactate Scout analyzer for veterinary applications. The new analyzer feature allows for species selection for companion animals and cattle and make it ideal for use in both small and large animal practices.
The animal therapeutics and diagnostics market covered in this report is segmented -
1) By Animal Type: Companion Animals, Cattle, Pigs, Poultry,Sheep
2) By Product: Animal Diagnostics Products, Instruments, Consumables, Animal Therapeutics Products, Anti-Parasitic Drugs And Antibiotics, Anti-Inflammatory Drugs, Anesthetics
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Major companies operating in the animal therapeutics and diagnostics market report are Zoetis Inc., Boehringer Ingelheim Animal Health USA Inc., Virbac AH Inc., Ceva Animal Health Inc., Heska Corporation, IDEXX Laboratories Inc., bioMérieux Inc., Thermo Fisher Scientific Inc., Randox Laboratories Ltd., Bio-Rad Laboratories Inc., Bayer Animal Health LLC, Eli Lilly and Company, Merck & Co. Inc. Animal Health Division, Sanofi-Aventis Animal Health Inc., Elanco Animal Health Incorporated, BioNote Inc., IDvet, BASF Corporation, Koninklijke DSM N.V., Evonik Industries AG, MSD Animal Health, Vetoquinol S.A., Phibro Animal Health Corporation, Dechra Pharmaceuticals PLC, Kindred Biosciences Inc., Neogen Corporation, Abaxis Inc., QIAGEN N.V., Pfizer Animal Health, Norbrook Laboratories Limited
Contents of the report:
1. Executive Summary
2. Animal Therapeutics And Diagnostics Market Report Structure
3. Animal Therapeutics And Diagnostics Market Trends And Strategies
4. Animal Therapeutics And Diagnostics Market - Macro Economic Scenario
5. Animal Therapeutics And Diagnostics Market Size And Growth
…..
27. Animal Therapeutics And Diagnostics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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