Animal Health Diagnostics Market by Type and Geography - Forecast and Analysis 2021-2025
- Published: Apr 2021
- Pages: 120
- SKU: IRTNTR40454
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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
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?
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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.
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
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Animal Health Diagnostics Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10% |
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Market growth 2021-2025 |
USD 1.78 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.67 |
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Regional analysis |
North America, Europe, Asia, and ROW |
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Performing market contribution |
North America at 56% |
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Key consumer countries |
US, UK, Germany, China, and Canada |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
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. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- Livestock - Market size and forecast 2019-2024
- Companion - Market size and forecast 2019-2024
- Market opportunity by Type
Segmentation by end-user
- Veterinary hospitals
- Veterinary clinics
- Diagnostic centers
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Volume driver - Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- BioNote Inc.
- Heska Corp.
- IDEXX Laboratories Inc.
- IDvet
- Randox Laboratories Ltd.
- SWISSAVANS AG
- Teco Diagnostics
- Thermo Fisher Scientific Inc.
- Virbac SA
- Zoetis Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- China
- UK
- Germany
- Canada
- Increase in pet humanization
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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