Procurement
Expert Panel
Create New Account
Login
logo
Report store
Insights
Survey
Consulting
Book discovery call
logo

Veterinary Diagnostics Market: Current Analysis and Forecast (2021-2027)

Region:Global

Product Code:UMHE21276

Download Sample Report
Published On

June 2021

Total pages

117

About the Report

VETERINARY DIAGNOSTICS PLAYS AN IMPORTANT ROLE IN ANIMAL DISEASE DIAGNOSIS AND ITS MANAGEMENT. THE PRACTICE OF VETERINARY DIAGNOSTICS IS ESSENTIAL IN ORDER TO PREVENT EVEN A SMALL OUTBREAK OF DISEASE AMONG THE ENTIRE ANIMAL COMMUNITY. HIGH-QUALITY DIAGNOSTICS ARE IMPORTANT TO PROVIDE APPROPRIATE TREATMENT AND TO ENSURE THE OVERALL WELLBEING OF AN ANIMAL.

THE GLOBAL VETERINARY DIAGNOSTICS MARKET IS GROWING EXPONENTIALLY, DRIVEN BY THE INCREASING NUMBER OF COMPANION ANIMALS ALL OVER THE WORLD. THE MOST COMMON COMPANION ANIMALS ADOPTED AS PETS ARE DOGS AND CATS. FOR INSTANCE, AS PER THE WORLDATLAS STATISTICS OF 2021, THE GLOBAL DOG POPULATION IS AROUND 900 MILLION AND RISING, WITH THE GLOBAL CAT POPULATION IS ABOUT 600 MILLION. ALSO, APPROXIMATELY 470 MILLION DOGS WERE KEPT AS PETS, AND AROUND 370 MILLION PET CATS WERE IN THE WORLD.

ZOONOSES ARE THOSE DISEASES THAT ARE SPREAD FROM ANIMALS TO HUMAN BEINGS. EACH YEAR, 5 NEW EMERGING DISEASES APPEAR, AND AMONGST THEM, 3 OR 4 ARE ZOONOTIC I.E., ORIGINATED IN WILDLIFE. ALSO, NEARLY 60% OF THE DISEASES IN THE WORLD ARE ZOONOTIC. THESE DISEASES ENDANGER HUMAN HEALTH MAKING ANIMAL DIAGNOSTICS AN INEVITABLE STEP TO PREVENT THE SPREAD OF SUCH EMERGING DISEASES AND THEIR CATASTROPHIC EFFECTS. THEREBY, AUGMENTING THE GROWTH OF THE GLOBAL VETERINARY DIAGNOSTICS MARKET. OTHER FACTORS DRIVING THE GROWTH OF THIS MARKET ARE GROWING ANIMAL HEALTH EXPENDITURES ASSOCIATED WITH RISING DISPOSABLE INCOME AND INCREASED CONSUMPTION OF ANIMAL-DERIVED FOOD PRODUCTS INCLUDING MEAT AND DAIRY PRODUCTS. FOR INSTANCE, THE ANNUAL CONSUMPTION OF FLUID COW MILK WAS HIGHEST IN INDIA (MORE THAN 81 MILLION METRIC TONS) FOLLOWED BY EUROPEAN UNION (33.4 MILLION METRIC TONS).

BASED ON PRODUCTS, THE MARKET IS FRAGMENTED INTO CONSUMABLES AND INSTRUMENTS. THE CONSUMABLE SEGMENT GRABBED THE MAJOR MARKET SHARE AND GENERATED REVENUE OF USD XX IN 2020. MOREOVER, THE MARKET WOULD REACH USD XX BY 2027 GROWING WITH A CAGR OF XX% DURING 2021-2027 OWING TO THE INCREASE IN THE NUMBER OF EFFECTIVE CONSUMABLES THAT CAN BE USED FOR DIAGNOSTICS.

BASED ON TECHNOLOGY, THE MARKET IS CLASSIFIED INTO IMMUNODIAGNOSTICS, CLINICAL BIOCHEMISTRY, MOLECULAR DIAGNOSTICS, HEMATOLOGY, URINALYSIS, AND OTHER TECHNOLOGIES. THE IMMUNODIAGNOSTICS SEGMENT DOMINATED THE GLOBAL VETERINARY DIAGNOSTICS MARKET. THE SEGMENT GENERATED A REVENUE OF USD XX MILLION IN 2020 AND IS EXPECTED TO GROW AT A CAGR OF XX% DURING THE FORTHCOMING YEARS. HOWEVER, THE MOLECULAR DIAGNOSTICS SEGMENT IS ALSO EXPECTED TO AT THE HIGHEST CAGR DURING THE FORECAST PERIOD.

THE ANIMAL TYPE SEGMENT OF THE GLOBAL VETERINARY DIAGNOSTICS MARKET IS DIVIDED INTO COMPANION ANIMALS AND LIVESTOCK ANIMALS. FURTHER, THE COMPANION ANIMAL INCLUDES DOGS, CATS AND OTHER. THE LIVESTOCK ANIMALS INCLUDE CATTLE, SWINE, POULTRY, AND OTHERS. THE COMPANION ANIMAL SEGMENT GRABBED THE MAJOR MARKET SHARE AND DOMINATED THE MARKET. THE SEGMENT GENERATED REVENUE WORTH USD XX MILLION IN 2020 AND IS EXPECTED TO GROW AT A CAGR OF XX% TO REACH USD XX MILLION BY 2027 OWING TO THE RISING COMPANION ANIMAL POPULATION ALL OVER THE GLOBE.

AMONG END-USERS, THE MARKET IS DIVIDED INTO VETERINARY REFERENCE LABORATORIES, VETERINARY HOSPITALS & CLINICS, IN-HOUSE TESTING, VETERINARY RESEARCH INSTITUTES & UNIVERSITIES. THE VETERINARY HOSPITALS & CLINICS DOMINATED THE MARKET AND EXPECTED TO GROW AT A CAGR OF XX% TO REACH THE MARKET VALUATION OF USD XX MILLION BY 2027 OWING TO THE PRESENCE OF ADVANCED TECHNOLOGIES AND TRAINED PERSONNEL IN HOSPITALS AND CLINICS.

FOR A BETTER UNDERSTANDING OF THE MARKET ADOPTION OF VETERINARY DIAGNOSTICS, THE MARKET IS ANALYZED BASED ON ITS WORLDWIDE PRESENCE IN THE COUNTRIES SUCH AS NORTH AMERICA (UNITED STATES, CANADA, AND THE REST OF NORTH AMERICA), EUROPE (GERMANY, FRANCE, ITALY, SPAIN, UNITED KINGDOM AND REST OF EUROPE), ASIA-PACIFIC (CHINA, JAPAN, INDIA, AUSTRALIA AND REST OF APAC), AND REST OF WORLD. NORTH AMERICA CONSTITUTES A MAJOR MARKET FOR THE VETERINARY DIAGNOSTICS INDUSTRY OWING TO THE CONCERN OF THE PET OWNERS FOR THEIR PETS ABOUT THEIR HEALTH AND COMFORT AS THEY TREAT THEIR PETS LIKE A FAMILY. HOWEVER, THE ASIA PACIFIC REGION WOULD GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD.

SOME OF THE MAJOR PLAYERS OPERATING IN THE MARKET INCLUDE IDEXX LABORATORIES, THERMO FISHER SCIENTIFIC, ZOETIS INC, VIRBAC, RANDOX, QIAGEN, NEOGEN, HESKA CORPORATION, ABAXIS, BIO-RAD LABORATORIES, ETC. SEVERAL M&AS ALONG WITH PARTNERSHIPS HAVE BEEN UNDERTAKEN BY THESE PLAYERS TO BOOST THEIR PRESENCE IN DIFFERENT REGIONS.

Scope of the Report

Products

Veterinary Diagnostics plays an important role in animal disease diagnosis and its management.

Companies

IDEXX LABORATORIES

THERMO FISHER SCIENTIFIC

ZOETIS INC

VIRBAC

RANDOX

QIAGEN

NEOGEN

HESKA CORPORATION

ABAXIS

BIO-RAD LABORATORIES

Table of Contents

1 MARKET INTRODUCTION

1.1 MARKET DEFINITIONS

1.2 OBJECTIVE OF THE STUDY

1.3 LIMITATION

1.4 STAKE HOLDERS

1.5 CURRENCY USED IN REPORT

1.6 SCOPE OF THE GLOBAL VETRINARY DIAGNOSTICS MARKET STUDY

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 RESEARCH METHODOLOGY FOR THE GLOBAL VETRINARY DIAGNOSTICS MARKET

2.1.1 MAIN OBJECTIVE OF THE GLOBAL VETRINARY DIAGNOSTICS MARKET

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL VETRINARY DIAGNOSTICS MARKET REVENUE

7 MARKET INSIGHTS BY PRODUCT

7.1 CONSUMABLES

7.2 INSTRUMENTS

8 MARKET INSIGHTS BY TECHNOLOGY

8.1 IMMUNODIAGNOSTICS

8.1.1 LATERAL FLOW ASSAY

8.1.2 ELISA

8.2 CLINICAL BIOCHEMISTRY

8.3 MOLECULAR DIAGNOSTICS

8.4 HEMATOLOGY

8.5 URINALYSIS

8.6 OTHER TECHNOLOGIES

9 MARKET INSIGHTS BY ANIMAL TYPE

9.1 COMPANION ANIMALS

9.1.1 DOGS

9.1.2 CATS

9.1.3 OTHERS

9.2 LIVESTOCK ANIMALS

9.2.1 CATTLE

9.2.2 SWINE

9.2.3 POULTRY

9.2.4 OTHERS

10 MARKET INSIGHTS BY END-USERS

10.1 VETERINARY REFERENCE LABORATORIES

10.2 VETERINARY HOSPITALS & CLINICS

10.3 IN-HOUSE TESTING

10.4 VETERINARY RESEARCH INSTITUTES & UNIVERSITIES

11 MARKET INSIGHTS BY REGION

11.1 NORTH AMERICA VETERINARY DIAGNOSTICS MARKET

11.1.1 UNITED STATES

11.1.2 CANADA

11.1.3 REST OF NORTH AMERICA

11.2 EUROPE VETERINARY DIAGNOSTICS MARKET

11.2.1 GERMANY

11.2.2 FRANCE

11.2.3 UNITED KINGDOM

11.2.4 SPAIN

11.2.5 ITALY

11.2.6 REST OF EUROPE

11.3 ASIA PACIFIC VETERINARY DIAGNOSTICS MARKET

11.3.1 CHINA

11.3.2 JAPAN

11.3.3 INDIA

11.3.4 AUSTRALIA

11.3.5 REST OF ASIA PACIFIC

11.4 REST OF THE WORLD VETERINARY DIAGNOSTICS MARKET

12 VETERINARY DIAGNOSTICS MARKET DYNAMICS

12.1 MARKET DRIVERS

12.2 MARKET CHALLENGES

12.3 IMPACT ANALYSIS

13 VETERINARY DIAGNOSTICS MARKET OPPORTUNITIES

14 VETERINARY DIAGNOSTICS MARKET TRENDS & INSIGHTS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

16.1 DEMAND SIDE ANALYSIS

16.2 SUPPLY SIDE ANALYSIS

16.2.1 TOP PRODUCT LAUNCHES

16.2.2 TOP BUSINESS PARTNERSHIPS

16.2.3 TOP MERGER & ACQUISITIONS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

18.1 PORTER'S FIVE FORCES ANALYSIS

18.1.1 BARGAINING POWER OF SUPPLIER

18.1.2 BARGAINING POWER OF BUYER

18.1.3 INDUSTRY RIVALRY

18.1.4 AVAILABILITY OF SUBSTITUTE

18.1.5 THREAT OF NEW ENTRANTS

19 COMPANY PROFILED

19.1 BIO-RAD LABORATORIES

19.1.1 KEY FACTS

19.1.2 BUSINESS DESCRIPTION

19.1.3 KEY PRODUCT/SERVICES OFFERINGS

19.1.4 GROWTH STRATEGY

19.1.5 SWOT ANALYSIS

19.1.6 KEY FINANCIALS

19.1.6.1 REVENUE SPLIT

19.1.6.2 FINANCIAL OVERVIEW OF BIO-RAD LABORATORIES

19.1.7 RECENT DEVELOPMENTS

19.1.7.1 PRODUCT LAUNCH

19.1.7.2 PARTNERSHIPS

19.1.7.3 BUSINESS EXPANSION AND INVESTMENTS

19.1.7.4 MERGER AND ACQUISITION

19.2 IDEXX LABORATORIES

19.3 ZOETIS INC

19.4 THERMO FISHER SCIENTIFIC

19.5 VIRBAC

19.6 RANDOX

19.7 QIAGEN

19.8 NEOGEN

19.9 HESKA CORPORATION

19.10 ABAXIS

20 DISCLAIMER

Research Methodology

Why Buy From Us?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

reach
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022