(PharmaNewsWire.Com, February 05, 2017 ) Browse 305 market data Tables and 40 Figures spread through 306 Pages and in-depth TOC on "Veterinary Diagnostics Market by Product (Instruments, Consumables, Services) by Technology (Diagnostic Imaging, Clinical Chemistry, Immunodiagnostics, Molecular Diagnostics) by Animal (Dogs, Cats, Horses, Cattle, Pigs, Poultry) - Global forecast to 2021"
The global veterinary diagnostics market is estimated to grow at a CAGR of 8.6% from 2016 to 2021 to reach USD 6.71 Billion by 2021. Factors such as growing demand for pet insurance and rising animal health expenditure, increasing demand for animal-derived food products, innovation in veterinary diagnostics, growth in the number of veterinary practitioners and their income levels in developed economies, and increasing incidence of zoonotic diseases are the major factors driving the growth of the global market. However, high cost of the diagnostic imaging instruments and increasing pet care costs may hinder the growth of this market to a certain extent.
In this report, the veterinary diagnostics market is segmented on the basis of product, technology, animal type, and region. On the basis of product, the market is segmented into consumables, instruments, and services. Based on the technology the market is segmented into diagnostic imaging, clinical chemistry, immunodiagnostics, hematology, and molecular diagnostics. The diagnostic imaging segment accounted for the largest share of the market in 2015, owing to its wide application in companion animals as well as livestock. On the basis of animal type, the market is segmented into companion animals and food-producing animals. Similarly, on the basis of type of end-user the market is segmented into reference laboratories, veterinary hospitals and clinics, point-of-care testing/ in-house testing, and research institutes.
Geographically, the global veterinary diagnostics market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America commanded a major share of the market. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period. Growth in the Asia-Pacific market can be attributed to rising companion animal population, increase in the demand for animal-derived food products and increasing adoption of diagnostic products for diagnosis and treatment of animals.
Some of the prominent players in the veterinary diagnostics market include IDEXX Laboratories, Inc. (U.S.), VCA, Inc. (U.S.), ABAXIS, Inc. (U.S), Heska Corporation (U.S.), Zoetis, Inc. (U.S.), Neogen Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), ID.Vet (France), Virbac (France), Mindray Medical Internationals Ltd. (China), GE Healthcare (U.K), and AGFA Healthcare (Netherlands).
Target Audience:
Veterinary Diagnostics Manufacturers
Veterinary Diagnostics Distributors
Animal Health Research Centers
Veterinary Reference Laboratories
Veterinary Hospitals and Clinics
Government Associations
Market Research and Consulting Firms
Venture Capitalists and Investors
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