The global companion animal diagnostics market size was valued at USD 2.1 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 8% from 2021 to 2027.
The Companion Animal Diagnostics Market product addresses the epidemiology and etiology of livestock and promotes the prevention of additional complications related to the health of the companion animal and its owner. The companion animal diagnostics market is expected to show significant growth as the prevalence of chronic diseases in companion animals increases and the adoption of companion animals increases. However, increasing pet care costs and extending pet lifespan is expected to curb the growth of the market over the forecast period.
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A full report of Global Companion Animal Diagnostic Market is available at : https://www.orionmarketreports.com/companion-animal-diagnostic-market/52909/
Market Segments
By Application
- Clinical Pathology
- Bacteriology
- Virology
- Parasitology
- Other Applications (pregnancy testing, genetic testing, and toxicology testing)
By Animal Type
- Dogs
- Cats
- Horses
- Other Companion Animals (rabbits, reptiles, pet fish, and birds)
By End-User
- Veterinary Reference Laboratories
- Veterinary Hospitals and Clinics
- Point-of-care/In-house Testing
- Research Institutes and Universities
Key Market Players
IDEXX Laboratories, Inc. (US), and Zoetis, Inc. (US) and Heska Corporation (US) are the major players operating in the companion animal diagnostics market. Some of the other players operating in this market are Thermo Fisher Scientific, Inc. (US), Virbac (France), Heska Corporation (US), Neogen Corporation (US), bioMérieux SA (France), IDvet (France), INDICAL Bioscience GmbH (Germany) [QIAGEN N.V. (Netherlands)], and Randox Laboratories Ltd. (UK).
Scope of the Report
The research study analyzes the global Companion Animal Diagnostic 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 Companion Animal Diagnostic Market Report
1. What was the Companion Animal Diagnostic Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Companion Animal Diagnostic 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 Companion Animal Diagnostic 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 Companion Animal Diagnostic market.
- The market share of the global Companion Animal Diagnostic 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 Companion Animal Diagnostic market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Companion Animal Diagnostic market.
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