The global Veterinary infectious disease diagnostics market was valued at USD 1.4 billion in 2021 and it is anticipated to grow up to USD 4.5 billion by 2031, at a CAGR of 11.6% during the forecast period.
New York, According to a new market research report published by Global Insight Services “Veterinary Infectious Disease Diagnostics Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Animals with infectious infections who are not treated for a prolonged period of time can die. Therefore, treating animals with these diseases requires early diagnosis and therapy. Additionally, veterinary diagnostics refers to the processes and examinations carried out to identify the existence of infectious diseases. These tests and methods also use goods referred to as veterinary infectious disease diagnostics. Animal infections brought on by viruses, bacteria, and parasites are just a few of the infectious diseases that can be detected with these diagnostics. Diagnostics can also be used to find infectious diseases in animals like dogs and cats.
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Market Trends and Drivers
Globally, there has been an increase in the overall companion animal population and adoption rate. Having a companion animal is associated with positive health benefits such as reduced cardiac arrhythmias, blood pressure normalisation, decreased anxiety, greater psychological stability, and improved well-being, according to several studies. The growing pet population is expected to fuel demand for pet care products and services, supporting the growth of dependent industries such as veterinary infectious disease diagnostics. For instance, According to a National Pet Owners Survey (2019–2020) conducted by the American Pet Products Association (APPA), an estimated 67% of US households, or about 84.9 million families, owned a pet. According to a National Pet Owners Survey (2019–2020) conducted by the American Pet Products Association (APPA), an estimated 67% of US households, or about 84.9 million families, owned a pet.
Market Restraints and Challenges
Infectious diseases in animals can be fatal if left untreated for an extended period of time. As a result, early diagnosis is critical in the treatment of animals suffering from these diseases. Furthermore, veterinary diagnosis refers to the procedures and tests used to detect the presence of infectious disease. Furthermore, the products used in these tests and procedures are known as veterinary infectious disease diagnostics. These diagnostics aid in the detection of infectious diseases in animals, such as viruses, bacteria, and parasites. Diagnostics can also be used to detect infectious diseases in animals such as cats and dogs.
Major Players in the Global Veterinary Infectious Disease Diagnostics
The key players in the market are IDEXX Laboratories, Inc. (US), Zoetis, Inc. (US), Thermo Fisher Scientific, Inc. (US), Virbac (France), bioMérieux SA (France), Heska Corporation (US), IDvet (France), NEOGEN Corporation (US), QIAGEN N.V. (a part of INDICAL Bioscience) (Europe), Randox Laboratories Ltd. (UK), Agrolabo S.p.A. (Italy), Bio-Rad Laboratories (US), Bionote, Inc. (South Korea), Biogal Galed Labs (Israel), and BioChek (Netherlands) among others.
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Reasons to buy Veterinary Infectious Disease Diagnostics Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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