Veterinary Molecular Diagnostics Market Set to Surge Significantly During 2016 - 2024

Veterinary diseases are on the rise worldwide and so the concerns about the animal health, as they are the vital source of numerous useful by-products such as milk, fur, oil, and meat. Nowadays, the market related to animals is somehow is gaining popularity, which is further making the market scenario for the molecular diagnostic market. Veterinarians around the world are revealing new facts regarding various diseases related to different species of animals, which in turn is expected to fuel the veterinary molecular diagnostic market in the near future. The molecular diagnostic systems are complex and difficult to manufacture.


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Rising prevalence of various animal diseases globally is expected to favor the veterinary molecular diagnostics market over the forecast period. The rise in spending on pets is one of the reasons that can favor the veterinary molecular diagnostic market. There has been a rise in increasing foodborne diseases and is expected to be one of the most crucial reasons for the growth of veterinary molecular diagnostic market. Furthermore, global animal production has reduced by 15%–20% a year.

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mainly due to rising incidence of foodborne zoonotic diseases. With growing awareness about zoonotic diseases such as brucellosis, bird flu, and swine flu, farm owners are increasingly inclined towards the proper care of livestock through correct and specific diagnosis. According to the European Food Safety Authority (EFSA), around 3,20,000 cases of foodborne and zoonotic diseases are reported every year. Campylobacteriosis affected around 2,20,209 people in the EU in 2012, due to consumption of infected broiler meat. However, the number of salmonellosis cases in humans decreased by 5.4% in the EU between 2010 and 2012. This was primarily due to increase animal healthcare initiatives and disease diagnosis rate.

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On the basis of region presence, veterinary molecular diagnostics market is segmented into five key regions: North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. Presently, North America dominates the global market for Veterinary Molecular Diagnostics due to high diagnose rate and a large number of facilities for research and development. However, growth in Middle East and African region is significant growth in terms of CAGR over the forecast period due to rise in a number of incidence and favorable healthcare facilities. The U.S. Veterinary Molecular Diagnostics market is expected to dominate in terms of market share with significant share among all the regions.

Some player exists in the market are IDEXX Laboratories, Inc., VCA, Inc., ABAXIS, Inc., Heska Corporation, Zoetis, Inc., Neogen Corporation, Thermo Fisher Scientific, Inc., ID.Vet, Virbac, GE Healthcare, AGFA Healthcare, and Veterinary Molecular Diagnostics, Inc.

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