Veterinary Diagnostic Market Analysis & Forecast 2024-2030

Global Veterinary Diagnostic Market is expected to reach USD 7968.71 million by 2030 with CAGR of 9.1% between 2024 and 2030

Diagnosis is an important component of disease management and prevention. A small mistake in disease Diagnosis can result in small outbreak of disease and hence create threat to the entire population. The veterinarian must undertake in-depth examination with object to figure out nature of infection in animals to achieve effective control measure for disease. In Veterinary Diagnostic cause of death provides vital information regarding treatment plan for animals. Diagnosis of disease is very important to ensure food and animal safety. The conventional Veterinary Diagnostic methods are lesser sensitive, time consuming, and not applicable in the diagnosis of morphologically similar organisms.  

Globally animal diseases become major problem reducing the production of livestock, result in production of livestock in developing countries by approximately 16%. Modern molecular techniques such as DNA hybridization assays, polymerase chain reaction and its modifications have changed the prospective of diagnosis of animal diseases. Recent Veterinary Diagnostic technique includes tests that demonstrate the presence of the infectious agent, major antigens expressed with the help of agent or its nucleic acid and tests that demonstrate the presence of the antibodies against the infectious agent.  

Rapid advances in molecular biology deliver new powerful Veterinary Diagnostic tools. Research success in identification of specific Influenza virus strain along with use of gold nanoparticles has emerged as grate relief in animal disease cure. Development in the field of agricultural biotechnology result in increasing demand for Nano-based and refined diagnostic techniques. DNA biotechnology in Veterinary Diagnostic now significantly contributing to improve the animal disease control programme and hence enhanced both food production and livestock trade. Modern biotechnology delivers the facilities for protein sequencing of the target animal and chance to manipulate animal DNA to achieve better results .  

North America dominates the market with approximately 21 % of market share in 2023. Technological advancement along with better infrastructure and healthy budget spent on setting up laboratories driving market. Europe ranks second in terms revenue generated with Asia Pacific market showing highest CAGR in recent years. In Asian countries like China, India animal diseases severely affected livestock production but now region has developed advance Veterinary Diagnostic solution to cope with problem. Africa and South American Veterinary Diagnostic market also expected to show steady growth in recent years.  

Veterinary Diagnostic Market: Procedure Type

• Immunodiagnostics
• Molecular Diagnostics
• Clinical Chemistry
• Hematology Analyzers
• Diagnostic Imagining

Veterinary Diagnostic Market: End User / Application

• Livestock
• Companion Animals
• Research Organizations

Veterinary Diagnostic Market: Competition Analysis

• IDEXX Laboratories
• Abaxis
• Thermo Fisher Scientific
• Heska
• Zoetis
• Bio-Rad Laboratories
• IDvet
• Shenzhen Mindray Bio-Medical Electronics
• NEOGEN CORPORATION
• QIAGEN
• VCA
• Virbac

Global Veterinary Diagnostic Market: Regional Analysis

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Veterinary Diagnostic Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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