Recent Developments

Veterinary diagnostics are kind of non-invasive procedures used to find and examine the reasons of diseases in animals. Several new technologies from human diagnostics sections are being adapted for the veterinary domain. This trend has expected to endure in the future, thereby contributing to the development of this market.

The rising number of disease outbreaks in animals and zootonic diseases rising in humans are driving the development of this market.

However, the rising inclination to a vegetarian diet and economic uncertainty are main limiting factors faced by this market.

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Market Overview

Market Data Forecast published a report named as Veterinary Diagnostics Market. The global veterinary diagnostics market worth was USD 3.8 Billion in 2018 and it has expected to rise at a CAGR of 7.15% over the forecast period. 

Report segmented as:

By Product:

• Instruments
• Consumables

By Technology:

• Clinical Biochemistry
• Urinalysis
• Immunodiagnostics
• Hematology
• Molecular Diagnostics

Geographical Segmentation:

Based on geography, the market divided under many countries such as North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific has led the global Veterinary Diagnostics Market.

Key market players:

• IDEXX Laboratories, Inc.
• ABAXIS, Inc.
• HESKA Corporation
• IDVET
• Thermo Fisher Scientific Inc.
• Neogen Corporation
• Virbac SA
• VCA Antech, Inc.
• Mindray Medical International Ltd.
• Zoetis, Inc.

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The Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

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