Companion Animal Diagnostics Market to Grow at a Robust Rate During Forecast Period
Rise in the population of companion animals to drive global
companion animal diagnostics market
According to TechSci Research report, “Global
Companion
Animal Diagnostics Market
By Technology (Clinical Biochemistry, Clinical Chemistry Analysis, Glucose
Monitoring, Blood Gas & Electrolyte Analysis, Immunodiagnostics,
Hematology, Urinalysis, Others (Microbiology Tests and Histopathology Tests)), By
Application (Clinical Pathology, Bacteriology, Virology, Parasitology, Others
(Pregnancy Testing, Genetic Testing, and Toxicology Testing)), By Animal Type
(Dogs, Cats, Horses, Other (Rabbits, Reptiles, Pet Fish, and Birds)), By End
User (Veterinary Reference Laboratories, Veterinary Hospitals and Clinics,
Point-of-care/In-house Testing, Research Institutes and Universities), By Region, Forecast & Opportunities,
2025”, market for companion animal diagnostics is expected
to grow at a rapid pace through 2025 owing to increasing pet ownerships across
the globe. Pets are often adopted to cope up with emotional stress, as an
amusement to kids and also for security purposes. They are the owner’s
responsibility and their health is a major concern to their owners. Thus, the
owners pay grave attention to their pet’s health and ensure that their pets are
receiving regular health checkups. This is one of the major factors which is
contributing to the growing share of the market. Increasing expenses in the
field of animal healthcare to protect the companion animals from food borne and
zoonotic disorders contribute a large share to the market. Besides, automated
diagnostics is in demand nowadays as automated tests provide more precise and
efficient results in a shorter span of time at lower costs. Application of
automated diagnostics in animal healthcare is propelling the market growth of
the companion animal diagnostics, globally. However, the market growth in the
budding economies might get hampered as the family incomes are quite less and
thus, people are unable to spend much on their pet’s health.
Browse
XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on "Global
Companion Animal Diagnostics Market"
https://www.techsciresearch.com/report/companion-animal-diagnostics-market/5059.html
The global companion animal diagnostics market is
segmented based on technology, application, animal type, end user, company and
region. The technology segment is divided into clinical biochemistry, clinical
chemistry analysis, glucose monitoring, blood gas & electrolyte analysis, immunodiagnostics,
hematology, urinalysis and others including microbiology tests and
histopathology tests. Clinical biochemistry held the largest share of the
market in 2019, and the stats are likely to be the same throughout the forecast
period. Extensive use of clinical tests for the diagnosis of diseases in
companion animals coupled with surging demand of advanced animal healthcare are
fueling the segment growth. The application segment is further divided into clinical
pathology, bacteriology, virology, parasitology and others, which includes pregnancy
testing, genetic testing, and toxicology testing. In 2019, clinical pathology accounted
for the largest market share as clinical pathology tests are the first choice
of people for the diagnosis of their pet’s disease. This is because these tests
provide a better understanding of progression of disease which is indispensable
for developing novel treatments. The animal type is segmented into various
animals which are dogs, cats, horses and others including rabbits, reptiles,
pet fish, and birds. Among these, dogs evidently held the highest market share
in the year 2019 as they are the most petted animals. Also, Association of Pet
Obesity Prevention (APOP) reported 56% of dogs to be obese in 2017. Increasing
cases of obesity, cancer, etc., in dogs led to dogs holding the largest market
share.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=5059
Customers can also request
for 10% free customization on this report.
Some of the leading players of
global companion animal diagnostics market include IDEXX Laboratories, Inc., Zoetis
Inc., Thermo Fisher Scientific Inc., Virbac, Heska Corporation, Neogen
Corporation, bioMérieux SA, INDICAL Bioscience GmbH (QIAGEN N.V.), Randox
Laboratories, Ltd., etc.
“North
America accounted for the largest share in global companion animal diagnostics
market in 2019 and the region is projected to hold its dominance through 2025.
Countries such as US and Canada are contributing majorly to the market share as
they have high rate of adoption of companion animals or pets. Also, advanced
animal healthcare sector and increasing investments in the same by North
American governments and other leading companies can be held responsible for
the largest share of the region. However, Asia-Pacific market is expected to
expand the most during the forecast period on the back of soaring research and
developments activities in developing countries such as India and China.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global
Companion Animal Diagnostics Market By Technology (Clinical Biochemistry,
Clinical Chemistry Analysis, Glucose Monitoring, Blood Gas & Electrolyte
Analysis, Immunodiagnostics, Hematology, Urinalysis, Others (Microbiology Tests
and Histopathology Tests)), By Application (Clinical Pathology, Bacteriology,
Virology, Parasitology, Others (Pregnancy Testing, Genetic Testing, and
Toxicology Testing)), By Animal Type (Dogs, Cats, Horses, Other (Rabbits,
Reptiles, Pet Fish, and Birds)), By End User (Veterinary Reference
Laboratories, Veterinary Hospitals and Clinics, Point-of-care/In-house Testing,
Research Institutes and Universities), By Region, Forecast & Opportunities,
2025” has
evaluated the future growth potential of global companion animal diagnostics
market and provided statistics & information on market size, shares, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global companion animal
diagnostics market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]