Global Veterinary Diagnostics Market 2017-2021

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.

Get A Free Sample 

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.

Want a bigger picture? Try a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.   

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?

Technavio also offers customization on reports based on specific client requirement.