Global Veterinary diagnostics Market by Type, Animal, Product and region- Industry Analysis, Size, Share, Growth Trends and Forecasts (2016 - 2021)


The veterinary diagnostics market is estimated to reach USD 6678.34 Million by 2021 at a CAGR of 8.6%. Diagnostics provide tools for effective and rapid testing to undertake preventative or remedial measures for the health of the animal population. For instance, 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. Food animal diagnostics assist in livestock and production animal preventive care and complement other measures such as vaccination and selective breeding.
The Global Veterinary Diagnostics Industry has seen an exemplary 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. Veterinary diagnostic products are as complex as they are difficult to manufacture. Many of the rapid assay, poultry and livestock diagnostic products are biologic products which demand materials from living organisms. Because of this reason, during economic recession, United States faced a decline in consumer spending on pets, which affected the veterinary diagnostics market. Market development for companion animal diagnostic has depended heavily upon the purchasing and usage of in-clinic analysers or diagnostic instruments used at veterinary practices.
The global veterinary diagnostics market is segmented based on the type of diagnostic tests, which include the likes of immunodiagnostic tests, molecular diagnostics, diagnostic imaging, hematology analyzers, clinical chemistry and others. Global market for Immunodiagnostics is expected to grow at a higher CAGR due to the increase in the number of foodborne diseases affecting the animals and the need to perform various tests has increased gradually. In turn, the market for Molecular diagnostics is expected to grow at a higher than that of Immunodiagnostics due to the wide scope it provides over the likes of immunodiagnostics. 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.
Other segments include segmentation based on animal type (companion animals, farm animals), product type (consumables and instruments) and geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa). The North American and European veterinary diagnostics markets have huge shares owing to the increasing companion animal population, coupled with the positive trend towards animal healthcare spending. Developing regions in Asia-Pacific and Africa are expected to form a new revenue pocket in the market, with India, China and Brazil contributing to a majority of the market growth over the next decade.
Idexx, Abaxis, Thermo Fisher Scientific, Heska Corporation, VCA Antech, Henry Schein, Virbac, Zoetis, Biochek and ID Vet are the major players of this market.

1. INTRODUCTION
    1.1 REPORT DESCRIPTION
    1.2 STUDY ASSUMPTIONS
    1.3 MARKET DEFINITION
2. RESEARCH METHODOLOGY
    2.1 INTRODUCTION
    2.2 ANALYSIS METHODOLOGY
    2.3 STUDY TIMELEINE
2.4STUDY PHASES
      2.4.1 SECONDARY RESEARCH
      2.4.2 DISCUSSION GUIDE
      2.4.3 MARKET ENGINEERING AND ECONOMETRIC MODELING
      2.4.4 EXPERT VALIDATION
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
    4.1 MARKET DYNAMICS
      4.1.1 DRIVERS
          4.1.1.1 INCREASED PET OWNERSHIP
          4.1.1.2 INTENSIFYING CONSUMER FOCUS ON FOOD SAFETY
          4.1.1.3 INCREASING ZOONOTIC AND FOOD BORNE DISEASES
          4.1.1.4 IMPROVED NUTRITION
      4.1.2 RESTRAINT
          4.1.2.1 SCARCITY OF ARABLE LAND AND WATER
          4.1.2.2 INCREASED COMPETITION FOR CULTIVATED LAND
      4.2.4 PORTER'S FIVE FORCES ANALYSIS
          4.2.4.1 BARGAINING POWER OF SUPPLIERS
          4.2.4.2 BARGAINING POWER OF BUYERS
          4.2.4.3 THREAT OF NEW ENTRANTS
          4.2.4.4 THREAT OF SUBSTITUTE PRODUCTS AND SERVICES
          4.2.4.5 DEGREE OF COMPETITION
5. GLOBAL VETERINARY DIAGNOSTICS MARKET SEGMENTATION
    5.1 GLOBAL VETERINARY DIAGNOSTICS MARKET SEGMENTATION - BY TYPE OF DIAGNOSTIC TESTS
      5.1.1 IMMUNODIAGNOSTICS
          5.1.1.1 ENZYME LINKED IMMUNOSORBENT ASSAY (ELISA)
          5.1.1.2 RAPID IMMUNO MIGRATION (RIM)
          5.1.1.3 AGAR GEL IMMUNODIFFUSION (AGID) TEST:
          5.1.1.4 OTHERS
      5.1.2 MOLECULAR DIAGNOSTIC TESTS
          5.1.2.1 POLYMERASE CHAIN REACTION (PCR)
          5.1.2.2 MICROARRAYS
          5.1.2.3 SEQUENCING:
          5.1.2.4 IN-SITU HYBRIDIZATION (ISH)
          5.1.2.5 OTHERS
      5.1.3 DIAGNOSTIC IMAGING
          5.1.3.1 ULTRASOUND IMAGING
          5.1.3.2 MRI SCANNING
          5.1.3.3 OTHERS
      5.1.4 HEMATOLOGY ANALYZERS
      5.1.5 CLINICAL CHEMISTRY
      5.1.6 OTHERS
    5.2 BY ANIMAL TYPE
      5.2.1 FARM ANIMALS
          5.2.1.1 CATTLE
          5.2.1.2 SWINE
          5.2.1.3 POULTRY
          5.2.1.4 SHEEP
      5.2.2 COMPANION ANIMALS
          5.2.2.1 DOGS
          5.2.2.2 CATS
          5.2.2.3 HORSE
    5.3 GLOBAL VETERINARY DIAGNOSTICS MARKET SEGMENTATION - BY PRODUCTS
      5.3.1 CONSUMABLES:
      5.3.2 INSTRUMENTS:
    5.4 BY GEOGRAPHY
      5.4.1 NORTH AMERICA
          5.4.1.1 US
          5.4.1.2 CANADA
          5.4.1.3 MEXICO
      5.4.2 EUROPE
          5.4.2.1 UK
          5.4.2.2 FRANCE
          5.4.2.3 GERMANY
          5.4.2.4 SPAIN & PORTUGAL
          5.4.2.5 ITALY
          5.4.2.6 SCANDINAVIA
          5.4.2.7 BENELUX
          5.4.2.8 OTHERS
      5.4.3 ASIA-PACIFIC
          5.4.3.1 CHINA
          5.4.3.2 JAPAN
          5.4.3.3 INDIA
          5.4.3.4 SOUTH KOREA:
          5.4.3.5 AUSTRALIA & NEW ZEALAND
      5.4.4 LATIN AMERICA
          5.4.4.1 BRAZIL
          5.4.4.2 ARGENTINA
          5.4.4.3 OTHERS
      5.4.5 MIDDLE EAST & AFRICA
          5.4.5.1 GCC
          5.4.5.2 MOROCCO
          5.4.5.3 ALGERIA
          5.4.5.4 SOUTH AFRICA
          5.4.5.5 OTHERS:
6. COMPETITIVE LANDSCAPE
    6.1 MERGERS & ACQUISITIONS
    6.2 AGREEMENTS, COLLABORATIONS AND PARTNERSHIPS
    6.3 NEW PRODUCT LAUNCHES
7. COMPANY PROFILES
    7.1 THERMO FISHER SCIENTIFIC
      7.1.1 BUSINESS OVERVIEW:
      7.1.2 PRODUCTS & SERVICES:
      7.1.3 FINANCIALS
    7.2 HENRY SCHEIN
      7.2.1 BUSINESS OVERVIEW
      7.2.2 PRODUCTS & SERVICES
      7.2.3 FINANCIALS
    7.3 VIRBAC
      7.3.1 BUSINESS OVERVIEW
      7.3.2 PRODUCTS & SERVICES
      7.3.3 FINANCIAL OVERVIEW
    7.4 ZOETIS ANIMAL HEALTHCARE
      7.4.1 BUSINESS OVERVIEW
      7.4.2 PRODUCTS & SERVICES
      7.4.3 FINANCIAL OVERVIEW
    7.5 IDVET
      7.5.1 BUSINESS OVERVIEW
      7.5.2 PRODUCTS & SERVICES
      7.5.3 FINANCIAL OVERVIEW
    7.6 ABAXIS INCOPORATED
      7.6.1 BUSINESS OVERVIEW
      7.6.2 PRODUCTS & SERVICES
      7.6.3 FINANCIAL OVERVIEW
    7.7 HESKA CORPORATION
      7.7.1 BUSINESS OVERVIEW
      7.7.2 PRODUCTS & SERVICES
      7.7.3 FINANCIAL OVERVIEW
    7.8 IDEXX
      7.8.1 BUSINESS OVERVIEW
      7.8.2 PRODUCTS & SERVICES
      7.8.3 FINANCIAL OVERVIEW
    7.9 BIOCHEK B.V.
      7.9.1 BUSINESS OVERVIEW
      7.9.2 PRODUCTS & SERVICES
    7.10 ANTECH DIAGNOSTICS INC.
      7.10.1 BUSINESS OVERVIEW:
      7.10.2 PRODUCTS AND SERVICES
      7.10.3 FINANCIALS







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