Veterinary Diagnostics Market size was valued at USD 2.95 Bn. in 2022 and the total Veterinary Diagnostics revenue is expected to grow by 9.5% from 2023 to 2029, reaching nearly USD 5.58 Bn.
Veterinary Diagnostics Market Overview
The report published by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The Veterinary Diagnostics Market overview provides thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.
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Veterinary Diagnostics Market Report Scope and Research Methodology
The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Veterinary Diagnostics Market. A thorough report includes the drivers, restraints, opportunities, and challenges of the Veterinary Diagnostics Market. To understand Veterinary Diagnostics Market estimations and growth rates, a bottom-up approach was used in the report.
Regional analysis of the Veterinary Diagnostics Market was conducted at a local, regional and global level to understand the Veterinary Diagnostics Market penetration, price and demand analysis and competitive landscape. The report provides fundamental information on the Veterinary Diagnostics Market such as stakeholders, investors and new entrants used to develop marketing plans and investments.
The primary and secondary data methods were used for the data collection for the Veterinary Diagnostics Market. The primary approach involves surveys, questionnaires and telephonic interviews with market leaders, business owners, etc. and the secondary data collection method includes press news, annual reports and financial reports, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Veterinary Diagnostics Market
Veterinary Diagnostics Market Regional Insights
The Veterinary Diagnostics Market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Veterinary Diagnostics Market in several countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions.
Veterinary Diagnostics Market Dynamics:
The MMR report covers all the trends and technologies playing a major role in the growth of the Veterinary Diagnostics Market over the forecast period. It highlights the drivers, restraints, and opportunities expected to mpact the market growth during 2023-2029.
Veterinary Diagnostics Market Segmentation:
1 Global Veterinary Diagnostics Market, by Product (2023-2029)
• Consumables, Reagents Kits
• Instruments Devices
2 Global Veterinary Diagnostics Market, by Species (2023-2029)
• Cattle
• Canine
• Feline
• Caprine
• Equine
• Ovine
• Porcine
• Avian
• Others
3 Global Veterinary Diagnostics Market, by Testing Type (2023-2029)
• Analytical Services
• Diagnostic Imaging
• Bacteriology
• Pathology
• Molecular Diagnostics
• Immunoassays
• Parasitology
• Serology
• Virology
With a CAGR of % in 2023, the Pathology Testing Type segment led the market and is predicted to maintain its lead at the conclusion of the forecast period due to its wide range of service offerings, which include specialized diagnostics, imaging, and a variety of lab tests. It comprises diagnostics for immunological histochemistry and histopathology, which are used to identify alterations in animal tissues brought on by illnesses or diseases. Cells can be isolated from animal biopsy samples, which are then processed and sent to pathologists for additional evaluation through the use of contemporary technology and specialized Hematoxylin and Eosin (HEs) staining. For infectious diseases like the adenovirus and the distemper virus, as well as neoplastic conditions in both small and large animals, immunohistochemistry offers markers.
4 Global Veterinary Diagnostics Market, by Disease Type (2023-2029)
• Infectious Diseases
• Non-Infectious Diseases
• Hereditary, Congenital, and Acquired Diseases
• General Ailments
• Structural and Functional Diseases
5 Global Veterinary Diagnostics Market, by End-use (2023-2029)
• Laboratories
• Veterinary Hospitals and Clinics
• Point-Of-Care/In-House Testing
• Research Institutes and Universities
At almost % of the market in 2023, the laboratories segment held the biggest share and is predicted to continue leading the market at the conclusion of the forecast period. A crucial part of any program for monitoring or control is laboratory diagnostics. The majority of countries keep a national laboratory that tests for transboundary animal diseases (TADs) and provides support for national initiatives to eradicate and control diseases; these elements are what are propelling the growth of the market. Quality assurance procedures are being developed by numerous national and state laboratories to guarantee the reliability of test results. In order to respond to TAD introductions and provide the surveillance plans necessary to detect disease introductions and confirm disease freedom, veterinary services rely on the diagnostic capabilities of the laboratory system.
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Veterinary Diagnostics Market Key Players
• Thermo Fisher Scientific Inc (US)
• Abaxis Inc (US)
• IDVet(France)
• Bionote, Inc.(US)
• Idexx Laboratories Inc(US)
• Neogen Corp (US)
• Merck(US)
• Heska Corporation(US)
• BioChek(US)
• Precision Biosensor, Inc.(US)
• Zoetis (US)
• IncIm3 Inc (US)
• VCA Antech (US)
• Henry Schein Inc. (US)
• SKYER, Inc.(US)
•Covetrus (US)
• Randox Laboratories Ltd.(UK)
• Biopanda Reagents (UK)
• IM3Vet Pty Ltd.(Australia)
• bioMérieux SA (France)
• Virbac Corp (France)
• Alvedia(France)
• Shenzhen Bioeasy Biotechnology Co., Ltd (China)
•INDICAL BIOSCIENCE GmbH (Germany)
• Fassisi GmbH ( Germany)
• QIAGEN N.V.(Germany)
• Qiagen N.V(Germany)
• Agrolabo SPA,(Italy)
Key questions answered in the Veterinary Diagnostics Market are:
Which are the factors expected to drive the Veterinary Diagnostics Market growth?
What are the factors restraining the growth of the Veterinary Diagnostics Market?
What is the demand pattern of the Veterinary Diagnostics Market?
What major challenges could the Veterinary Diagnostics Market face in the future?
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Key Offerings:
Past Market Size and Competitive Landscape (2023 to 2029)
Past Pricing and price curve by region (2023 to 2029)
Market Size, Share, Size Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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