Veterinary Diagnostics Market Report Provides a Comprehensive Analysis of Market Trends, Technological Advancements, Company Profile and Growth Opportunities
The global veterinary diagnostics market is growing significantly due rising
requirement for combat antimicrobial-resistant bacteria, increasing awareness
of animal health in emerging economies, and growing investment in developing
economies in the industry. Increasing number of new and technologically
advanced products in veterinary diagnostics market is creating sufficient
opportunity for the veterinary diagnostics market to grow at a substantial rate
in the forecasted period.
In addition, massive unexplored market in veterinary
diagnostics industry of developing economies are creating ample opportunities
for the veterinary diagnostics market to grow at a considerable rate in the
coming years.
The advanced research and development facilities, and new and innovative
product developments by the companies to improve their product portfolio are
propelling the growth of the veterinary diagnostics industry. Mounting usage of
nanotechnology in veterinary diagnostics, modification of human diagnostic
application into veterinary diagnostics, and increasing demand for precise, and
quick molecular diagnosis are some of the major trends of the global veterinary
diagnostic market.
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Some of the factors driving the growth of global veterinary diagnostics
market are increasing prevalence of disease eruption in animals, rising
innovative veterinary diagnostics, increasing per capita income in emerging
economies, and increasing prevalence of zoonotic diseases. In addition, rising
public awareness about animal diseases, and increasing companion animals and
food processing animals are also fuelling the growth of the global veterinary
diagnosis market. However, increasing adaption of vegetarian diet, and economic
slowdown are some of the factors restraining the growth of the global
veterinary diagnostics market to some extent.
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Geographically, North America will be leading the global veterinary
diagnostics market in the coming years, due to increasing awareness of animal
health and increasing ability of veterinarians to provide animal diagnostics
services. Asia-Pacific is the fastest growing region in the global vaccine
market. The major reasons for the fastest growth of veterinary diagnostics
market in the region are rising number of companion animals due to mounting
urbanization, and rise in per-capita income, in the region. Moreover, the
veterinary diagnostics market is growing due to increasing awareness of animal
health in the emerging countries, such as India and China, of Asia-Pacific
region.
Some of the companies operating in the global veterinary diagnosticsmarket are IDEXX Laboratories, Inc., Virbac SA, Zoetis, Inc., Thermo Fisher
Scientific, Inc., ABAXIS, Inc., Virbac SA, Neogen Corporation, VCA Antech,
Inc., HESKA Corporation, and Mindray Medical International, Ltd.
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