According to the latest report published by “Data Bridge Market
Research”, the Veterinary
Diagnostics Market is anticipated to grow at a steady pace over the
forecast period 2019 – 2026. The report sheds light on the various trends and
restraining factors that are expected to shape the growth of the Veterinary
Diagnostics in the upcoming years. The report ponders over the various
parameters that are expected to impact revenue generation, sales, and demand
for the Fresh Compressed Yeast in the various regional markets.
Global veterinary
diagnostics market is registering a substantial CAGR of 8.76% in the forecast
period of 2019-2026. The report contains data from the base year of 2018 and
the historic year of 2017.
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Market Definition:
Global Veterinary Diagnostics Market
Veterinary diagnostics refers to the test which determines
the various disorders related to animals. These tests are done by taking feces,
blood and tissue samples of animals. The innovations in the medical field which
had been developed for veterinary diagnostics help determine the cause of the
disease, so that proper treatment methods can be utilized for its treatment
Top
Manufacturers Covered in the Report:
Few of the major market competitors currently working in the
global veterinary diagnostics market are IDEXX, Abaxis, NEOGEN CORPORATION,
bioMérieux SA, Randox Laboratories Ltd., QIAGEN, Thermo Fisher Scientific,
Heska Corporation, Zoetis, Covetrus, IDvet, Pfizer Inc., Bio-Rad Laboratories
Inc., Virbac, Mindray DS USA Inc., VCA Inc., URIT MEDICAL ELECTRONIC CO. LTD.,
BPC Biosed srl, HORIBA Ltd., FUJIFILM Corporation, Alvedia and ACON
Laboratories Inc. among others.
Competitive Analysis:
Veterinary diagnostics market is highly fragmented and the
major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
veterinary diagnostics market for Global, Europe, North America, Asia-Pacific,
South America and Middle East & Africa.
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Market Drivers
·
The companion animal population has surged
which is driving the growth of the
market
·
The rising prevalence of animal zoonotic
diseases is propelling the growth of the market
·
Surging demand for animal-derived food products
is fueling the growth of the market
·
Increasing demand for pet insurance and growing
animal health expenditure is boosting the growth of the market
·
The number of veterinary practitioners and
income levels have increased in the developed economies is contributing to the
growth of the market
Key Developments in
the Market:
·
In June 2018, Pathway Vet Alliance has entered
into a strategic partnership with Heska Corporation. It will enable the company
to provide in-house operational services like a point of care blood diagnostics
and allergy testing. This alliance will strengthen the company in terms of
accuracy, precision, speed and ease to use.
·
In May 2018, Zoetis has announced that it has
acquired Abaxis which has enhanced the company’s market share in veterinary
diagnostics. The acquisition will enable the company to accelerate the sales of
its product in more than 100 countries which will increase the revenue of the
company.
Key Questions Related
to the Veterinary diagnostics market Addressed in the Report
•
What are the growth prospects of the Veterinary
diagnostics market over the forecast period?
•
How are the market players operating in the Veterinary
diagnostics market adapting to the evolving regulatory framework?
•
What are the leading market players operating in
the current Veterinary diagnostics market landscape?
•
Which region is expected to dominate the global Veterinary
diagnostics market in terms of share, size, and value?
•
What are the strategies adopted by upcoming
market players to solidify their market presence?
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Veterinary diagnostics market research report here with a single click at@ https://www.databridgemarketresearch.com/reports/global-veterinary-diagnostics-market
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