Veterinary Diagnostics Market– SWOT Analysis of Major Industry Segments

Veterinary Diagnostics Market

Data Bridge Market research presents the top quality and comprehensive Veterinary Diagnostics Market research report which provides clear insights into market dynamics and prospects the whole market including global production, revenue forecast, value and volume. This Veterinary Diagnostics Market report deeply study competitive scenario and evaluated the crucial vendors with regard to product stratification and business strategies. It analyzes the detailed insight with respect to industries and geographies. The detailed information of the existed industries is the first acquired by the dedicated team to provide exact and accurate data of the market.

Global veterinary diagnostics market is registering a substantial CAGR of 8.76% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017.

Market Definition: Global Veterinary Diagnostics Market

Veterinary diagnostics refers to the test which determines the various disorders related to animals. These tests are done by taking feces, blood and tissue samples of animals. The innovations in the medical field which had been developed for veterinary diagnostics help determine the cause of the disease, so that proper treatment methods can be utilized for its treatment

Top Manufacturers Covered in the Report:

Few of the major market competitors currently working in the global veterinary diagnostics market are IDEXX, Abaxis, NEOGEN CORPORATION, bioMérieux SA, Randox Laboratories Ltd., QIAGEN, Thermo Fisher Scientific, Heska Corporation, Zoetis, Covetrus, IDvet, Pfizer Inc., Bio-Rad Laboratories Inc., Virbac, Mindray DS USA Inc., VCA Inc., URIT MEDICAL ELECTRONIC CO. LTD., BPC Biosed srl, HORIBA Ltd., FUJIFILM Corporation, Alvedia and ACON Laboratories Inc. among others.

Segmentation: Global Veterinary Diagnostics Market

Global Veterinary Diagnostics Market By Product (Instruments, Consumables), Technology (Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Hematology, Urinalysis, Others)

Animal Type (Companion Animals, Livestock Animals)

End User (Reference Laboratories, Veterinary Hospitals and Clinics, Point-of-Care/In-House Testing, Research Institutes & Universities)

Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis:

Global Veterinary diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares veterinary diagnostics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Recent Developments in the Market:

• In June 2018, Pathway Vet Alliance has entered into a strategic partnership with Heska Corporation. It will enable the company to provide in-house operational services like a point of care blood diagnostics and allergy testing. This alliance will strengthen the company in terms of accuracy, precision, speed and ease to use.
• In May 2018, Zoetis has announced that it has acquired Abaxis which has enhanced the company’s market share in veterinary diagnostics. The acquisition will enable the company to accelerate the sales of its product in more than 100 countries which will increase the revenue of the company.

Market Drivers

• The companion animal population has surged which is driving the growth of the market
• The rising prevalence of animal zoonotic diseases is propelling the growth of the market
• Surging demand for animal-derived food products is fueling the growth of the market
• Increasing demand for pet insurance and growing animal health expenditure is boosting the growth of the market
• The number of veterinary practitioners and income levels have increased in the developed economies is contributing to the growth of the market

Some of the key questions answered in this report:

• Detailed Overview of Veterinary Diagnostics Market helps deliver clients and businesses making strategies.
• Influential factors that are thriving demand and constraints in the market.
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Veterinary Diagnostics Market?
• SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
• What growth momentum or acceleration market carries during the forecast period?

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