ALL >> Health >> View Article
Companion Animal Diagnostics Market Worth $3.0 Billion By 2025

According to the new market research report "Companion Animal Diagnostics Market by Technology (Immunodiagnostic, Clinical Biochemistry, Hematology, Urine Analysis), Application (Clinical Pathology, Virology, Bacteriology, Parasitology), Animal (Dog, Cat, Horse), End-User - Global Forecast to 2025", published by MarketsandMarkets™, the Companion Animal Diagnostics Market is projected to reach USD 3.0 billion by 2025 from an estimated USD 1.8 billion in 2020, at a CAGR of 9.8%.
Browse in-depth TOC on "Companion Animal Diagnostics Market"
369 – Tables
37 – Figures
283 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173823870
The Factors such as the rising companion animal population, increasing demand for pet insurance, and the growth in the number of veterinary practitioners in developed countries are driving the growth of this market. Also, the growing demand for rapid tests and portable instruments for point-of-care services and the use of advanced technologies like machine learning is expected to offer potential growth ...
... opportunities for market players in the coming years. However, increasing pet care costs are expected to restrain market growth to a certain extent.
Immunodiagnostics segment to account for the largest share of the Companion Animal Diagnostics Market in 2019
Based on technology, the market is segmented into immunodiagnostics, clinical biochemistry, hematology, urinalysis, molecular diagnostics, and other companion animal diagnostic technologies. These methods have been used clinically for decades in the veterinary industry, and are the only reliable option to test animals for several infectious diseases such as equine infectious anemia virus and feline immunodeficiency virus. Immunodiagnostic tests can identify the presence of antibodies to viruses that are inactive and no longer present in the body. These advantages are further used to widen the clinical applications of immunodiagnostic tests in the veterinary health market.
Clinical pathology segment to dominate the market, by application
Based on application, the market is segmented into clinical pathology, bacteriology, virology, parasitology, and other applications. In 2019, the clinical pathology segment was expected to account for the largest share of the market. Clinical pathology encompasses hematology, clinical chemistry, cytopathology, endocrinology, urinalysis, coagulation, immunohematology, and general pathology. In the case of chronic diseases, veterinarians recommend routine blood and urine check-ups where clinical pathologists work along with veterinarians to evaluate the cause of the disease. The rising volume of pathology tests performed is expected to increase the demand for diagnostic products and consumables for clinical pathology applications in the coming years.
Get a Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=173823870
North America to dominate the global Companion Animal Diagnostics Market in 2019
North America is expected to account for the largest share of the market in 2019, followed by Europe. Factors such as the increasing adoption of companion animals, growing pet insurance industry, rising veterinary healthcare expenditure, and the growing number of veterinary practices are expected to drive the market in North America. The US is the largest market for companion animal diagnostics in the North American region, primarily due to the large and growing companion animal population in the country.
The key players operating in the Global Companion Animal Diagnostics Market, are IDEXX Laboratories, Inc. (US), Zoetis, Inc. (US), Thermo Fisher Scientific, Inc. (US), Virbac (France), Heska Corporation (US), Neogen Corporation (US), bioMérieux SA (France), IDvet (France), INDICAL Bioscience GmbH (Germany) [QIAGEN N.V. (Netherlands)], and Randox Laboratories Ltd. (UK).
Browse Related Reports:
Veterinary Rapid Test Market by Product (Rapid Test Kit, Rapid Test Readers), Application (Viral, Bacterial, Parasite, Allergies), and Animal Type (Companion (Cat, Dog, Horse), Livestock (Cattle, Swine, Poultry)) - Global Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/veterinary-rapid-test-market-117784882.html
Veterinary Reference Laboratory Market by Service Type (Clinical Chemistry, Hematology, Immunodiagnostics, Molecular Diagnostics), Application (Pathology, Bacteriology, Virology, Parasitology), Animal (Dog, Cat, Cattle, Poultry, Pig) - Global Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/veterinary-reference-laboratory-market-256972714.html
Add Comment
Health Articles
1. Which Type Of Fruits Increase Sperm Count?Author: Surrogacy Centre India
2. How To Use Paragard Allwormer For Dogs And Cats?
Author: VetSupply
3. 5 Steps To Increase The Longevity Of Your Dental Implants
Author: Shallowford Dental Studio of Roswell
4. What To Expect During An Eye Exam In Tucson
Author: Catalina Eye Care
5. Understanding Epilepsy: Symptoms, Causes, And Effective Treatment Options
Author: lisa miracle
6. Level 5 Care Management
Author: Accessskills
7. Can Teeth Straightening Lead To Gum Problems Like Recession?
Author: Ryan Daniel
8. Everything You Need To Know About Dental Implants: A Comprehensive Guide
Author: Dr. Nimit Garg
9. Probiotics Supplement Manufacturers
Author: vakyaprob
10. Stay Active And Focused With The Best Energy Drink
Author: Yash
11. Infection Control In Healthcare: The Role Of Utopia-aire Isolation Rooms In Singapore
Author: Utopia Aire Pte Ltd
12. Discovering Top-quality Dental Care In Annerley: Your Guide To A Healthy Smile
Author: My implant dentist
13. Go For Dental Extraction If You Are Having Cavity Issues
Author: Pearl Dental Surgery
14. Skokie Dental – Smiles Made Simple
Author: Dr Tariq Hafeez
15. How To Prepare For A Successful Ivf Cycle?
Author: SCI IVF Hospital