(PharmaNewsWire.Com, April 12, 2017 ) As per the syndicated report published by Market Data Forecast Europe Veterinary Diagnostics Market which is estimated to be USD 1264.1 million in 2016 is poised to reach USD 1852.7 million by 2021, at a CAGR of 7.98% from 2016 to 2021. It can be attributed to the factors such as rise in the number of food borne diseases in animals, increased use of diagnostic instruments used in veterinary practises, high income households with pets regularly visiting veterinary labs. However certain challenges rising adoption of vegetarian food due to changing food habits, increasing risk of obesity, economic downturn, exposure to global cuisines must be dealt with to reach the full potential.
Europe Veterinary Diagnostics Market has seen an evident shift in the recent few years with the new and technologically advanced products emerging, which have an optimistic impact on the all-round growth of the market.
Diagnostics provide tools for rapid and effective testing to undertake preventative or remedial measures for the animal population health. For example, Food animal diagnostics assist in livestock and production animal preventive care and complement other measures such as selective breeding and vaccination. Similarly, lateral flow and other rapid tests are used with veterinary medicine for testing commercial livestock as well as household pets to check for the presence of various medical conditions caused by viruses, bacteria, allergies, and issues related to fertility.
Europe Veterinary Diagnostics Market is segmented based on Product and Animals as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Based on Product:
Clinical Chemistry
o Urine Analysis
o Glucose Monitoring
o Blood Gas Electrolyte Analysis
Molecular Diagnostics
o Micro Arrays
o PCR Tests
o Other Molecular Diagnostics Tests
Haemotology
o Haemotology Analysers
o Haemotology Catridges
Diagnostic Imaging
o Radiography Systems
o Ultrasound Imaging Systems
o CT Scanners
o MRI Scanners
Immunodiagnostics
o Immunoassay Analysers
o ELISA Tests
o Lateral-Flow Strip Readers
o Lateral-Flow Rapid Tests
o Allergen specific Immunodiagnostic Tests
Based on Animals:
Companion Animals
o Canine Diagnostics
o Feline Diagnostics
o Other Veterinary Diagnostics
Food Producing Animals
o Bovine Diagnostics
o Bovine Diagnostics
o Ovine Diagnostics
o Poultry Diagnostics
o Piscine Diagnostics
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe). As per the study France is poised to hold the major market share while Germany is the fastest growing market in this region.
VCA Inc., Heska Corporation, Abaxis, Inc., VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc are the major players operating in the Europe Veterinary Diagnostics Market. According to recent reports VCA Inc entered into an agreement with MMI Holdings Inc for merging, trying to have a greater impact on the market share.
The Veterinary Diagnostics market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries
Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis
Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses
Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Animal Health Segment:
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