According to the report Europe Veterinary Diagnostics Market, published by Market Data Forecast, the market is projected to reach USD 1.716 billion by 2021, at a CAGR of 7.97% from 2016 to 2021.
The Europe Veterinary Diagnostics Market has seen an exemplar shift in the past few years with the emergence of new and technologically advanced products, which had an optimistic impact on the overall growth of the market. Diagnostics provide tools for effective and rapid testing to undertake preventative or remedial measures for the health of the animal population..
For instance, Food animal diagnostics assist in livestock and production animal preventive care and complement other measures such as vaccination and selective breeding. Similarly, lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock (large animals – cows, poultry, sheep, pigs, etc.) and household pets (cats, dogs, etc.) to test for the presence of a variety of medical conditions caused by bacteria, viruses, allergies, and fertility issues.
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Veterinary Diagnostics Market: Drivers & Restraints
The market for Molecular diagnostics is also expected to grow at a high rate. Increase in purchase and usage of various diagnostic instruments that are utilized in veterinary practices, in-clinic diagnostic procedures, high income households that keep pets and regularly visit veterinary laboratories are propelling the growth of this market. However, increasing adoption of vegetarian food due to changing food habits, the economic downturn, the increasing risk of obesity, exposure to global cuisines, and other diseases are some of the factors affecting the growth.
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Veterinary Diagnostics Market: Segmentation
- Clinical Chemistry
- Molecular Diagnostics
- Haematology analysers
- Diagnostic Imaging
- Companion Animals
- Food Producing Animals
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Veterinary Diagnostics Market: Overview
The European Parliament and the Council embraced the Regulation on transmissible creature diseases (“Animal Health Law”) in March 2016. The Regulation will be appropriate in the following 5 years and it’ll bolster the EU livestock sector in its mission towards aggressiveness and sheltered and smooth EU market of animals and of their products, making development for the veterinary diagnostics market. Veterinary diagnostic products are as complex as they are hard to make. A significant number of the poultry and domesticated animals diagnostic products are biologic products which request materials from living organisms. Market advancement for buddy creature diagnostic has depended intensely upon the obtaining and utilization of in-center analysers or diagnostic instruments utilized at veterinary practices. Immunodiagnostics is the segment with highest growth owing to the increase in the number of foodborne diseases affecting the animals and the need to perform various tests has increased gradually.
Veterinary Diagnostics Market: Region-wise Outlook
Geographically, market is segmented into various regions namely, UK, Spain, Italy, Germany and France. Europe is expected to increase at highest CAGR during the forecast period because of the growing healthcare facilities, technological advancements in developing countries, rapid adoption rate and increasing consumer awareness.
Key Questions Answered
Veterinary Diagnostics Market: Key Players
Some of the major companies dominating the market, by their products include VCA Inc., Heska Corporation, Abaxis, Inc., VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc.
Reasons to buy Veterinary Diagnostics Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Europe Veterinary Vaccines Market: http://www.marketdataforecast.com/market-reports/europe-veterinary-vaccines-market-81/
Europe Veterinary Diagnostics Market: http://www.marketdataforecast.com/market-reports/europe-veterinary-diagnostics-market-87/
Europe Bovine Respiratory Disease Treatment Market: http://www.marketdataforecast.com/market-reports/europe-bovine-respiratory-disease-treatment-market-910/
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