Growing awareness in emerging economies about animal health and the need to prevent antimicrobial-resistant bacteria are key opportunities for the veterinary diagnostics market. The companies profiled in this report are ABAXIS, Inc., IDEXX Laboratories, Inc., IDVET, HESKA Corporation, Neogen Corporation, Thermo Fisher Scientific Inc. (Life Technologies Corporation) 271, VCA Antech, Inc., Virbac SA, Zoetis, Inc. and Mindray Medical International Ltd.
The global veterinary diagnostics market is segmented on the basis of products, applications, animals and geography. In terms of products the market is segmented into hematology, immunodiagnostics,clinical chemistry and molecular testing (including nucleic acid testing).A few other methods are enzyme linked immunosorbent assay (ELISA),indirect fluorescent antibody test (IFAT), lateral flow tests, agglutination, complement fixation, chain reaction (PCR), western blot, polymerase and microarrays/biochips. Clinical chemistry holds the largest share in the market due to the increasing number of applications of various clinical assays in veterinary diagnostics.
The animal market is segmented into food producing animal and companion animal. The application market is segmented into hospitals and clinics, reference laboratories, universities/research centers and point-of- care. On the basis of geography the market is segmented into various regions,namely, North America, Europe, Asia Pacific and LAMEA. North America dominates the global veterinary diagnostics market and is followed by the European region. The Asia-pacific region is expected to grow at the fastest rate due to the rise in per-capita income and growing awareness among pet owners about the animal’s health.
KEY BENEFITS
Analyses of the factors that limit and drive the growth of the market are provided
In-depth analysis of various geographies would give an understanding of the trends in various regions so that companies can make region specific plans
Deep dive analyses of segments such as products, application and animals will provide insights that would enable companies to gain competitive edge
Porter’s Five Force and other models would help in productive business decisions
On-the-whole market analysis would assist in understanding the scope of investing and assessing growth opportunities in this market
KEY DELIVERABLES
The global Veterinary Diagnostics Marketis segmented according to products, application, end-users and geography as follows:
MARKET BY PRODUCTS
Hematology Tests
Hematology Analyzers
Others
Clinical Chemistry
Urine Analyzers
Other
Immunodiagnostics
ELISA
Others
Molecular Diagnostics
Microarrays
PCR
Others
Diagnostic Imaging
MRI Scanning
Diagnostics Ultrasound
Others
Other Veterinary Diagnostics Products
MARKET BY APPLICATION
Hospitals and Clinics
Reference Laboratories
Universities/Research Institutions
Point-of-care
MARKET BY ANIMAL
Food-Producing Animal
Livestock
Cattle
Swine
Others (Fish, sheep, and goat)
Companion Animal
Dog
Horse
Cat
MARKET BY GEOGRAPHY
North America
Europe
Asia Pacific
LAMEA
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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