Growing demand for advanced diagnostic devices anticipated driving the global veterinary infectious disease diagnostics market in the forecast period of 2019-2025.
Published | November 2019
BlueWeave Consulting review study of the Global Veterinary Infectious Disease Diagnostics Market anticipated propelling with a significant CAGR of over 8.2% in the forecasted period of 2019-2025. Rising demand and adoption of advanced veterinary infectious disease diagnostic technologies by professionals and practitioners for routine diagnostic such as nucleic acid diagnostics, biosensors, PCR, and biomarkers driving the market growth and anticipated to witness the positive impact on the increase in upcoming years 2019-2025. Advantages associated with advanced technologies such as quick, sensitive & accurate diagnosis, high rate of efficacy, and accurate result validation coupled with the rising incidence of infectious diseases are anticipated to support the growth in upcoming years. North America is dominating the global market of veterinary infectious disease diagnostic with the presence of leading players in the North American region coupled with high healthcare spending for animals.
Growth in the companion animal population coupled with pet insurance expected to propel the growth of global veterinary infectious disease diagnostics market
In addition, rising investment in animal healthcare, increasing incidence of zoonotic diseases trend, rising disposable income in emerging economies coupled with veterinary practitioner’s enhancement contributing simultaneously to drive the global veterinary infectious disease diagnostics and expected to witness commendable growth in upcoming years. The companion animal market witness significant growth owing to the increasing demand for animal products and animal protein. The companion animals such as cat and dog segment in the global veterinary infectious disease diagnostic market held a significant share in session 2018, owing to high expenditure on pet healthcare.
Non-infectious diseases anticipated to dominate the global veterinary infectious disease diagnostics market in the forecast period
Amidst the disease category non-infectious segment is anticipated to dominate the global veterinary infectious disease diagnostic market during the forecast period of 2091-2025. Advancement in technology such as chip technology for electrolytic imbalance analysis from the body fluid, hereditary, and acquired disease rise makes the market lucrative and anticipate to propel growth with a significant growth rate. Molecular screening contributing to the global market for the diagnosis of early-stage genetic disease and nanotechnology contribute via. screening of multiple pathogens in a single assay. Furthermore, the consumption of advanced analyzers for diagnostic purposes in veterinary hospitals has increased, which is aiding growth.
Veterinary infectious disease diagnostics market: competitive landscape
Some of the major industry players are Biomerieux S.A., Heska Corporation, IDEXX Laboratories, Inc., IDVet, Neogen Corporation, QIAGEN N.V. (A Part of Indical Bioscience), Randox Laboratories, Ltd., Thermo Fisher Scientific, Virbac, Zoetis, Inc. and Other Prominent Players
The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of veterinary infectious disease diagnostics market size & forecast. The report promises to provide state-of-the-art technology of veterinary infectious disease diagnostics market and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
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