Global Veterinary Diagnostics Market Analysis & Trends - Industry Forecast to 2025
The Global Veterinary Diagnostics Market is poised to grow at a CAGR of around 8.3% over the next decade to reach approximately $13.1 billion by 2025. Some of the prominent trends that the market is witnessing include growing market for animal derived foods, recent technological developments in veterinary diagnostics and growth opportunities/investment opportunities.
Based on Product, the market is categorized into consumables and instruments.
By Technology the market is segmented by urinalysis, hematology, immunodiagnostics, molecular diagnostics, clinical biochemistry, diagnostic imaging and other technologies. Further urinalysis segment is divided into urinalysis clips and cartridges/panels, urine analyzers, urine test strips. Hematology is further subsegmented into hematology cartridges and hematology analyzers. Immunodiagnostics is further subsegmented into Enzyme Linked Immunosorbent Assay Tests (ELISA), immunoassay analyzers, lateral flow, Rapid Immuno Migration (RIM), Agar Gel Immuno-diffusion (AGID) and other immunodiagnostics. Molecular diagnostics is subsegmented into polymerase chain reaction tests, microarrays, sequencing (DNA & NGS), in-situ hybridization (ISH) and other molecular diagnostic tests. Clinical biochemistry is subsegmented into chemical chemistry analysis, blood gas-electrolyte analysis and glucose monitoring. Other technologies are subsegmented into Indirect Fluorescent Antibody Test (IFAT), western blot, agglutination and complement fixation.
Depending on animal type, the market is segmented into companion animals and farm animals. Companion animals are further subsegmented into horses, cats, dogs and other companion animals. Farm animals segment is further subsegmented into poultry, cattle, pigs, fish, sheep and goat.
By End User the market is segmented into veterinary hospitals & clinics, academic institutions & universities, research institutes and universities, point-of-care/in-house testing and reference laboratories.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
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