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

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40454
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

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?

Animal-Health-Diagnostics-Market-Market-Size-2020-2025

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?

Animal-Health-Diagnostics-Market-Market-Share-by-Region-2020-2025

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?

Animal-Health-Diagnostics-Market-Market-Share-by-Type-2020-2025

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.

 

Event-Tickets-Market-Report

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

Animal Health Diagnostics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2021-2025

USD 1.78 billion

Market structure

Fragmented

YoY growth (%)

8.67

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 56%

Key consumer countries

US, UK, Germany, China, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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.

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,

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.

Read More Read Less

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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA 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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The animal health diagnostics market growth will increase by $1.69 billion during 2019-2024.
      The animal health diagnostics market is expected to grow at a CAGR of 9.62% during 2019-2024.
      Technavio has segmented the animal health diagnostics market by type (Livestock and Companion) and geographic (North America, Europe, APAC, South America, and MEA).
      BioNote Inc., Heska Corp., IDEXX Laboratories Inc., IDvet, Randox Laboratories Ltd., SWISSAVANS AG, Teco Diagnostics, Thermo Fisher Scientific Inc., Virbac SA, Zoetis Inc. are a few of the key vendors in the animal health diagnostics market.
      North America will register the highest growth rate of 53.85% among the other regions. Therefore, the animal health diagnostics market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the animal health diagnostics market growth are:
      • Increase in pet humanization
      The animal health diagnostics market vendors should focus on grabbing business opportunities from the livestock segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Health Care
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>