This detailed report on Companion Animal Diagnostic Market put offers a succinct study on regional forecast, industry size, revenue estimations related to the industry. The report further emphasizes primary challenges and growth trends adopted by leading manufacturers of the dynamic competitive spectrum of the Companion Animal Diagnostic Market.
The companion animal diagnostic market is valued at approximately USD 1.54 billion in 2018 is anticipated to grow with a rate of more than 9.5 % over the forecast period 2019-2026.
On the basis of segmentation, the companion animal diagnostic market is segmented into technology, animal type, application and end-user. On the basis of technology segment, the market is sub-segmented into clinical biochemistry, immunodiagnostics, hematology, urinalysis, molecular diagnostics and other companion animal diagnostic technologies of which clinical biochemistry holds the major share owing to growing preference towards advanced clinical diagnostics coupled with wide application of this technology. On the basis of animal type segment, the market is bifurcated into dogs, cats, horses and other companion animals. The application segment is diversified into clinical pathology, bacteriology, virology, parasitology and other applications. Clinical pathology holds the major share in the application segment owing to growing demand for diagnostic products and consumables in pathology testing. On the basis of end-user segment the market is classified into reference laboratories, veterinary, hospitals & clinics, point-of-care/in-house testing and research institutes & universities.
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The Companion Animal Diagnostic Market Report provides key strategies followed by leading Companion Animal Diagnostic industry manufactures and Sections of Market like- product specifications, volume, production value, Feasibility Analysis, Classification based on types and end user application areas with geographic growth and upcoming advancement. The Companion Animal Diagnostic market report provides comprehensive outline of Invention, Industry Requirement, technology and production analysis considering major factors such as Revenue, investments and business growth.
The regional analysis of companion animal diagnostic market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America holds the leading position in companion animal diagnostic market due to growing adoption of companion animals coupled with rise in veterinary healthcare expenditure. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific region is witnessed owing to the growing awareness about animal healthcare coupled with adoption of companion animals in the region.
The market players mainly include–
IDEXX Laboratories, Inc.
Thermo Fisher Scientific Inc.
INDICAL Bioscience GmbH (QIAGEN N.V.)
Randox Laboratories, Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Other Companion Animal Diagnostic Technologies
By Animal Type
Other Companion Animals
By End User
Veterinary Hospitals & Clinics
Research Institutes & Universities
Middle East & Africa
Target Audience of the Global Companion animal diagnostic Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Key drivers for the companion animal diagnostic market include growing companion animal population, demand for pet insurance, increasing spending on pet coupled with increasing prevalence of animal diseases. Growing companion animal population is expected to be one of the major drivers for the growth of companion animal diagnostic market. Diagnostic tests are crucial tools for checking the health status of animals and in recognizing pathogens. These diagnostics tests help in early detection, management, and in prevention & control of animal diseases. As per the American Veterinary Medical Association, about 57% of U.S. owned a pet in 2016. Moreover, rise in the companion animal population is driving the demand for companion animal diagnostic market. For instance, as per Insurance Information Institute Organization, in 2017-2018 about 68% (85 million) families in the United States own a pet as compared to 56% in 1998. Thus, growing population of companion animal diagnostic is surging the demand for companion animal diagnostics for the prevention and diagnosis of various acute and chronic diseases in companion animals. Furthermore, growing demand for point of care diagnostic services is expected to create lucrative growth prospects of the companion animal diagnostic market across the globe. However, increasing pet care cost act as a key restraint for the market during the forecast period.
The foremost points are labelled in detail which are covered in this Companion Animal Diagnostic Market Report: –
Market Overview: Scope & Product Overview, Classification of Companion Animal Diagnostic by Product Category (Market Size (Sales), Market Share Comparison by Type (Product Category)), Companion Animal Diagnostic Market by Application/End Users (Sales (Volume) and Market Share Comparison by Application), Market by Region (Market Size (Value) Comparison by Region, Status and Prospect
Companion Animal Diagnostic Market by Manufacturing Cost Analysis: Key Raw Materials Analysis, Price Trend of Key Raw Materials, Key Suppliers of Raw Materials, Market Concentration Rate of Raw Materials, Proportion of Manufacturing Cost Structure (Raw Materials, Labor Cost), Manufacturing Process Analysis
Companion Animal Diagnostic Players/Suppliers Profiles and Sales Data: Company, Company Basic Information, Manufacturing Base and Competitors, Product Category, Application and Specification with Sales, Revenue, Price and Gross Margin, Main Business/Business Overview.
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Key Trends
1.3. Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Billion)
1.3.1. Companion Animal Diagnostic Market, by Technology, 2016-2026 (USD Billion)
1.3.2. Companion Animal Diagnostic Market, by Application, 2016-2026 (USD Billion)
1.3.3. Companion Animal Diagnostic Market, by Animal Type, 2016-2026 (USD Billion)
1.3.4. Companion Animal Diagnostic Market, by End-User, 2016-2026 (USD Billion)
1.3.5. Companion Animal Diagnostic Market, by Region, 2016-2026 (USD Billion)
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Companion Animal Diagnostic Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Companion Animal Diagnostic Market Dynamics
Chapter 4. Global Companion Animal Diagnostic Market Industry Analysis
Chapter 5. Global Companion Animal Diagnostic Market, By Technology
Chapter 6. Global Companion Animal Diagnostic Market, By Application
Chapter 7. Global Companion Animal Diagnostic Market, By Animal Type
Chapter 8. Global Companion Animal Diagnostic Market, By End-User
Chapter 10. Competitive Intelligence
10.1. Company Market Share (Subject to Data Availability)
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. IDEXX Laboratories, Inc.
10.3.1.2. Financial (Subject to Data Availability)
10.3.1.3. Product Summary
10.3.1.4. Recent Developments
10.3.2. Zoetis Inc.
10.3.3. Thermo Fisher Scientific Inc.
10.3.5. Heska Corporation
10.3.6. Neogen Corporation
10.3.7. bioMérieux SA
10.3.8. INDICAL Bioscience GmbH (QIAGEN N.V.)
10.3.10. Randox Laboratories, Ltd.
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