(PharmaNewsWire.Com, August 14, 2017 ) According to Publisher, the companion animal diagnostics market is accounted for $1,018 million in 2015 and is expected to reach $1,842 million by 2022 growing at a CAGR of 8.84%. Global companion animal diagnostics market is mainly driven by factors such as increasing expenditure on animal healthcare, rising demand for pet insurance, rising pet adoption in emerging nations, growing income levels in developed regions and rising awareness about zoonotic diseases. However factors such as scarcity of arable land & water and cost effective production are the factors hampering the market growth.
In 2015, immunodiagnostic tests segment held the largest share in global market, the growth is attributed to the advantages such as accuracy, rapid diagnosis easy handling and high sensitivity. However Clinical Chemistry segment is expected to grow at the highest CAGR during the forecast period. Among animal type, dogs segment accounted for approximately 70% of the overall market share, whereas cats segment is expected to witness high growth rate.
Europe dominated the global companion animal diagnostics market and Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to rising pet adoption and increasing demand for animal derived food products in India and China.
Some of the key players in the global market include ABAXIS, Inc., Abbott Laboratories, Boehringer Ingelheim, Danaher Corporation, Elanco, GE Healthcare, IDEXX Laboratories, Inc., IDVET, Merck, Neogen Corporation, Roche Diagnostics, Siemens, Thermo Fisher Scientific Inc, Virbac SA and Zoetis, Inc.
Regions Covered: -North America -US -Canada -Mexico -Europe -Germany -France -Italy -UK -Spain -Rest of Europe -Asia Pacific -Japan -China -India -Australia -New Zealand -Rest of Asia Pacific - Rest of the World -Middle East -Brazil -Argentina -South Africa -Egypt
9 Company Profiling 9.1 ABAXIS, Inc. 9.2 Abbott Laboratories 9.3 Boehringer Ingelheim 9.4 Danaher Corporation 9.5 Elanco 9.6 GE Healthcare 9.7 IDEXX Laboratories, Inc. 9.8 IDVET 9.9 Merck 9.10 Neogen Corporation 9.11 Roche Diagnostics 9.12 Siemens 9.13 Thermo Fisher Scientific Inc 9.14 Virbac SA 9.15 Zoetis, Inc. . Make an enquiry: http://www.reportsweb.com/inquiry&RW0001322732/buying
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
