Animal Health Diagnostics Market by Type and Geography - Forecast and Analysis 2021-2025

The animal health diagnostics market has the potential to grow by USD 1.78 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9.50%.

This animal health diagnostics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (livestock and companion) and geography (North America, Europe, Asia, and ROW). The animal health diagnostics market report also offers information on several market vendors, including BioNote Inc., Heska Corp., Id Vet India Pty Ltd., IDEXX Laboratories Inc., Randox Laboratories Ltd., SWISSAVANS AG, Teco Diagnostics, Thermo Fisher Scientific Inc., Virbac, and Zoetis Inc. among others.

What will the Animal Health Diagnostics Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Animal Health Diagnostics Market

 Get Your FREE Sample Now!

Animal Health Diagnostics Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising awareness about zoonotic diseases is notably driving the animal health diagnostics market growth, although factors such as the rising cost of animal healthcare may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the animal health diagnostics industry get your FREE report sample now.

With the increasing cross-continental travel and increased rate of globalization, the risk of zoonotic disease is growing. Several initiatives such as tracking, surveillance, reporting activities, and response plan development in case of epidemics have been implemented by the World Health Organization (WHO) to prevent the transmission of zoonotic diseases. The chances of zoonotic disease transmission can be further reduced through professional and public education. With the rising awareness about zoonotic diseases, the demand for animal health diagnostics will also grow which, in turn, will fuel market growth. The global animal health diagnostics market will grow at a CAGR of about 10% during the forecast period.

This animal health diagnostics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Animal Health Diagnostics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• BioNote Inc.
• Heska Corp.
• Id Vet India Pty Ltd.
• IDEXX Laboratories Inc.
• Randox Laboratories Ltd.
• SWISSAVANS AG
• Teco Diagnostics
• Thermo Fisher Scientific Inc.
• Virbac
• Zoetis Inc.

The animal health diagnostics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the animal health diagnostics market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Animal Health Diagnostics Market?

For more insights on the market share of various regions Request for a FREE sample now!

56% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the animal health diagnostics market in North America. Market growth in this region will be slower than the growth of the market in Asia.

The increasing humanization of dogs and cats and an increase in the adoption of pets will facilitate the animal health diagnostics market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Animal Health Diagnostics Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The lack of integrated and consistent strategies focusing limited resources on attainable goals is a major constraint to livestock development. As infectious diseases are highly prevalent in livestock, immunodiagnostics, and molecular diagnostic test kits and reagents register significant demand in the global animal health diagnostics market. However, market growth in this segment will be slower than the growth of the market in the companion segment. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the animal health diagnostics market size.

Request for a FREE sample

What are the Key Factors Covered in this Animal Health Diagnostics Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive animal health diagnostics market growth during the next five years
• Precise estimation of the animal health diagnostics market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the animal health diagnostics industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of animal health diagnostics market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch