Veterinary Diagnostics Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Veterinary Diagnostics is accounted for $2.2 billion in 2017 and is expected to reach $5.30 billion by 2026 growing at a CAGR of 10.2% during the forecast period.

Factors such as growing number of disease outbreaks in animals, zoo tonic diseases arising in humans, rising number of veterinary doctors are boosting the growth of the market. Moreover, increasing knowledge about animal health and the demand to prevent antimicrobial-resistant bacteria provide ample opportunities for the market growth. However increasing inclination towards a vegetarian diet and increasing pet care costs are hindering the market growth.

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Veterinary diagnostics are non-invasive methods used to recognize and inspect the causes of diseases in animals. Those are the tests, which help in resolving and detecting several disorders in animals. These procedures are implemented through various methods, which utilize their blood, feces, and tissue samples. A new range of technologies from human diagnostics segments are being adapted for the veterinary domain.

Based on animal type, livestock animals segment witnessed considerable growth due to the increasing population which led to the rising demand for dairy products such as milk, butter, and curd. Additionally, the increasing consumption of meat in the developing countries will also increase the market’s growth during the forecast period. By geography, North America is dominating the market owing to the existence of high quality healthcare system for both the humans and veterinary animals, growing prevalence of zoonotic diseases has increased the demand for veterinary diagnostics centers which will subsequently contribute to the market’s growth in this region.

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Some of the key players profiled in the Veterinary Diagnostics Market include Zoetis, Biochek, Virbac, VCA Antech, Thermo Fisher Scientific, Pfizer, IDVet, Idexx, Heska Corporation, Henry Schein and Abaxis.

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Products Covered:
• Instruments
• Consumables
• Other Products

Animal Types Covered:
• Livestock Animals
• Companion Animals

Technologies Covered:
• Urinalysis
• Hematology
• Molecular Diagnostics
• Clinical Biochemistry
• Immunodiagnostics

End Users Covered:
• Research Institutes and Universities
• Point-of-care/In-house Testing
• Veterinary Hospitals and Clinics
• Veterinary Reference Laboratories

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 396576