Veterinary Diagnostics Market: Geographic Growth Opportunities

 

Contact Information
Marketsandmarkets
Contact: Mr. Rohan Markets and Markets UNIT no 80
pune
maharastra - 411028
India
1-888-600-6441
shitoleswapnil25@gmail.com
 
The factors driving the growth of the market include increasing animal population, rising demand for animal-derived food products, increasing incidence of zoonotic diseases, growing pet insurance purchases, rising animal health expenditure, and growth in the number of veterinary practitioners and their income levels in developed economies. However, increasing pet care costs may hinder the growth of this market to a certain extent.

https://www.marketsandmarkets.com/Market-Reports/veterinary-diagnostics-market-26017452.html

In this report, the veterinary diagnostics market is segmented on the basis of product, technology, animal type, end user, and region. On the basis of product, the market is segmented into instruments and consumables. Based on technology, it is categorized into clinical biochemistry, immunodiagnostics, hematology, molecular diagnostics, urinalysis, and other veterinary diagnostic products. On the basis of animal type, the market is segmented into livestock and companion animals. Based on end user, it is categorized into reference laboratories, veterinary hospitals & clinics, point-of-care/in-house testing, and academic institutes & universities.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2016, North America commanded a major share of the veterinary diagnostics market. However, Asia-Pacific is expected to register the highest growth during the forecast period. Growth in the Asia-Pacific market can be attributed to rising animal population, increase in demand for animal-derived food products, growing per capita animal health expenditure, especially in India and China, and rising awareness regarding animal health & welfare.

Some of the prominent players in the market include IDEXX Laboratories, Inc. (U.S.), Abaxis, Inc. (U.S.), Heska Corporation (U.S.), Neogen Corporation (U.S.), Zoetis, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), QIAGEN N.V. (Netherlands), Virbac (France), and IDVet (France).

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
For more information, visit: https://www.marketsandmarkets.com/Market-Reports/veterinary-diagnostics-market-26017452.html


Veterinary Diagnostics

 

If you have any questions regarding information in this press release, please contact the person listed in the Contact / Company information box of this page. Please do not attempt to contact Market Press Release. We will be unable to assist you with any information regarding this release. Market Press Release disclaims any content contained in this press release.