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Global Veterinary Diagnostics Market 2017-2021

  • Published: Aug 2017
  • Pages: 81
  • SKU: IRTNTR14325
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This industry research report identifies IDEXX Laboratories, Abaxis, Thermo Fisher Scientific, Heska, and Zoetis as the key vendors in the global veterinary diagnostics market. This industry research report also presents a competitive analysis of the market by product (immunodiagnostics, molecular diagnostics, clinical chemistry, hematology analyzers, and diagnostic imagining), by animal type (livestock and companion animals), by end- users (veterinary hospitals, veterinary clinical, and research institutes), and by geography (the Americas, APAC and EMEA).

Veterinary diagnostics market analysis

Research analysis on the global veterinary diagnostics market identifies the rise in zoonotic diseases across the globe that are transmitted from animals to humans that will raise the demand for diagnostic centers as one of the primary factor fueling the market’s growth prospects. Zoonotic disease is caused by germs, including microorganisms and parasites. These germs can cause severe illness and even death of a human. This will drive the growth of the veterinary diagnostics market, which according to Technavio’s market research analysts will grow at a CAGR of more than 9% by 2021.

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Veterinary diagnostics market scope based on geography

In terms of geography, the Americas contribute to the highest revenue in this market. The region is the world's largest beef producer and the second largest pork producer and witnessing an increase in health expenditure and a rise in demand for pet insurance. The increasing prevalence of Zoonotic disease in the region has increased the demand for veterinary diagnostics centers which will subsequently contribute to the market’s growth.

Veterinary diagnostics market growth: competitive landscape and key vendors

The market consists of many regional vendors and appears to be slightly fragmented. The market is highly competitive due to the development and innovations of new products. To sustain the competition, the vendors in the market are investing heavily in the research and development of new products.

The leading vendors in the market

  • IDEXX Laboratories
  • Abaxis
  • Thermo Fisher Scientific
  • Heska
  • Zoetis

Veterinary diagnostics market size based on product

  • Immunodiagnostics
  • Molecular diagnostics
  • Clinical chemistry
  • Hematology analyzers
  • Diagnostic imagining

Owing to the benefits of the enzyme-linked immune sorbent assay (ELISA) tests and a lateral flow test, the immunodiagnostics segment contributed to the major shares of this market. The vendors are focusing on providing innovative tests in terms of automation and are providing technologically advanced tests for easy and comprehensive immunodiagnostic analysis.  Additionally, the vendors are also focusing on adopting new products and are also concentrating on providing cost-effective tests to patients.

Veterinary diagnostics market forecast based on animal type

  • Livestock
  • Companion animals

The livestock segment accounted for the largest market shares and comprises of cattle and goats. The increasing population across the globe has led to the rising demand for dairy products such as milk, butter, and curd. Additionally, the increasing consumption of meat in the developing countries will also increase the market’s growth in the livestock segment.

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Key questions answered in the report include

  • What will the market size, market forecast, and the growth rate be in 2021?
  • What are the key factors driving the global veterinary diagnostics market?
  • What are the key market trends impacting the growth of the global veterinary diagnostics market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global veterinary diagnostics market?
  • What are the market opportunities and threats faced by the vendors in the veterinary diagnostics market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the veterinary diagnostics market?

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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product

  • Market overview
  • Immunodiagnostics
  • Molecular diagnostics
  • Clinical biochemistry
  • Hematology analyzers
  • Diagnostics imaging

PART 07: Market segmentation by animal type

  • Livestock
  • Companion animals

PART 08: Market segmentation by end-user

  • Veterinary hospitals
  • Veterinary clinics
  • Research institutes

PART 09: Geographical segmentation

  • Overview
  • Americas
  • EMEA
  • APAC

PART 10: Decision framework

PART 11: Drivers and challenges

  • Market drivers
  • Market challenges

PART 12: Market trends

PART 13: Vendor landscape

  • Competitive landscape
  • Other prominent vendors

PART 14: Key vendor analysis

  • Abaxis
  • Heska
  • IDEXX Laboratories
  • Thermo Fisher Scientific
  • Zoetis

PART 15: Appendix

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
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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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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