Veterinary diagnostics market is expected to reach USD 3.9 billion by 2027 from an estimated USD 2.5 billion in 2021, at a CAGR of 9%.
Growth can mainly be attributed to a growing companion animal population, an increase in the incidence of cross-border infectious and zoonotic diseases, an increase in demand for animal-derived food, an increase in demand for pet insurance, an increase in the cost of veterinary medicine, and an increase in the number of veterinarians. . Income level in developed countries. On the other hand, rising pet care costs are expected to restrain the overall market growth. Currently, the lack of skilled veterinarians and diagnostic infrastructure, especially in developing countries, is one of the major factors limiting the utilization of advanced diagnostic solutions among veterinarians.
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A full report of Global Veterinary Diagnostics Market is available at: https://www.orionmarketreports.com/veterinary-diagnostics-market/31236/
The key manufacturers in this market include
- Bio-Rad Laboratories
- IDvet
- Shenzhen Mindray Bio-Medical Electronics
- NEOGEN CORPORATION
- QIAGEN
- VCA
- Virbac
By the product type, the market is primarily split into
- Immunodiagnostics
- Molecular Diagnostics
- Clinical Chemistry
- Hematology Analyzers
- Diagnostic Imagining
By the end users/application, this report covers the following segments
- Hospital
- Clinic
- Other
Scope of the Report
The research study analyzes the global Veterinary Diagnostics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Veterinary Diagnostics Market Report
1. What was the Veterinary Diagnostics Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Veterinary Diagnostics Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Veterinary Diagnostics Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Veterinary Diagnostics market.
- The market share of the global Veterinary Diagnostics market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Veterinary Diagnostics market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Veterinary Diagnostics market.
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