Livestock diagnostics include consumables comprising test kits, reagents, and systems used to detect and diagnose diseases in livestock samples, such as blood, serum, urine, and stool. Livestock diagnosis plays a vital role in disease management and prevention as it helps monitor the health status of animals and identify pathogens. Thus, the early detection, management, and control of animal diseases facilitate the safe trade of animals and animal products.
According to Meticulous Research® the global livestock diagnostics market is expected to grow at a CAGR of 8.2% to reach USD 2.02 billion by 2028.
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The growth of this market is mainly attributed to rising demand for animal-derived food products, favorable government initiatives supporting timely livestock diagnosis, increasing prevalence of foodborne & zoonotic diseases, and advancements in veterinary diagnostic methods. Emerging markets are further expected to offer significant growth opportunities for players operating in the livestock diagnostics market. However, the shortage of veterinarians is restraining the growth of this market.
To provide efficient analysis, Meticulous Research® has segmented this market on the basis of product (consumables, systems, and software), technology (immunodiagnostics, molecular diagnostics, and other technologies), animal type (ruminants, swine, poultry, and other animals), end user (reference laboratories, veterinary hospitals & clinics, and point-of-care testing), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).
Based on product, the livestock diagnostics market is segmented into consumables, systems, software. In 2021, the consumables segment is estimated to account for the largest share of the livestock diagnostics market. The growth of this segment can be attributed to the commercial availability of a diverse range of reagents and consumables for various diseases and animal health screening, the recurrent nature of consumables, availability of disease-specific test kits and assays, and growing awareness regarding regular animal health check-ups.
Based on technology, the immunodiagnostics segment is estimated to account for the largest share of the global livestock diagnostics market in 2021 due to its implementation in diagnostics as well as for quality-control programs as they are rapid, convenient, and are an accurate research tool for the detection and quantitation of targets. Further, the continuous development of new biomarkers & their cost-benefit and growing adoption of automated platforms for ELISA are expected to increase the adoption of this technology.
Based on animal type, the market is categorized into ruminants, swine, poultry, and other animals (equine and fish). In 2021, the ruminants segment is estimated to account for the largest share of the global livestock diagnostics market due to their growing population, rising government initiatives for improving their health, and growing demand for food products derived from ruminants. The ruminants segment is further segmented into bovine and other ruminants, which comprises sheep, goats, deer, elk, giraffes, and camels.
Based on end user, the market is segmented into reference laboratories, veterinary hospitals & clinics, and point-of-care testing. In 2021, the reference laboratories segment is estimated to account for the largest share of the global livestock diagnostics market due to the higher adoption of livestock diagnostic products by reference laboratories, growing R&D activities to impart advancements in the procedures of animal health checks, and growing preference for clinics, small to mid-sized hospitals, and farm owners towards utilizing health screening and diseases diagnostic services offered by reference laboratories.
This research report analyzes major geographies and provides comprehensive analysis for North America (U.S and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America, and Middle East & Africa.
The key players operating in the global livestock diagnostics market are IDEXX Laboratories, Inc. (U.S.), Zoetis Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux S.A. (France), INDICAL BIOSCIENCE GmbH (Germany), Agrolabo SpA (Italy), Neogen Corporation (U.S.), IDvet (France), GD Animal Health (Netherlands), BioChek B.V. (Netherlands), and VMRD, Inc. (U.S.).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/livestock-diagnostics-market-5085
Author:
Mr. Khushal Bombe
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