The Global Veterinary Diagnostics Market is estimated to be USD 3.07 Bn in 2023 and is expected to reach USD 6.21 Bn by 2028 growing at a CAGR of 15.1%.The National Pet Owners Survey 2021-2022, conducted by the American Pet Products Association (APPA), reported that the annual expenditure on routine visits for dogs accounts for USD 242
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
- The Global Veterinary Diagnostics Market is segmented based on Products, Animal Type, Testing Category, Disease Type, End-Uses, and Geography.
- By Products, the market is classified into Consumables, Reagents & Kits, Instruments & Devices, and Software & Services.
- By Animal Type, the market is classified into Companion Animals, and Livestock Animals.
- By Testing Category, the market is classified into Clinical Biochemistry, Immunodiagnostics, Molecular Diagnostics, Hematology, Urinalysis, and Others.
- By Disease Type, the market is classified into General Ailments, Hereditary, Congenital & Acquired Diseases, Infectious Diseases, Non-Infectious Diseases, and Structural & Functional Diseases.
- By End-Uses, the market is classified into Laboratories, Point-Of-Care/In-House Testing, and Veterinary Hospitals & Clinics.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Agrolabo S.p.A, bioMérieux SA, IDEXX Laboratories, Inc., Neogen Corp., Qiagen N.V., Virbac Group, Zoetis Inc., etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Veterinary Diagnostics Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Veterinary Diagnostics Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Veterinary Diagnostics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Veterinary Diagnostics Market, By Products
7 Global Veterinary Diagnostics Market, By Animal Type
8 Global Veterinary Diagnostics Market, By Testing Category
9 Global Veterinary Diagnostics Market, By Disease Type
10 Global Veterinary Diagnostics Market, By End-Uses
11 Americas’ Veterinary Diagnostics Market
12 Europe’s Veterinary Diagnostics Market
13 Middle East and Africa’s Veterinary Diagnostics Market
14 APAC’s Veterinary Diagnostics Market
15 Competitive Landscape
16 Company Profiles
17 Appendix
Companies Mentioned
- Agrolabo S.p.A
- bioMérieux SA
- Bio-Rad Laboratories, Inc.
- BioChek B.V.
- Covetrus, Inc.
- Diagon
- Heska Corp.
- IDEXX Laboratories, Inc.
- IDVet
- INDICAL Bioscience GmbH
- Mindray Medical International Ltd.
- Neogen Corp.
- Qiagen N.V.
- Randox Laboratories Ltd
- Thermo Fisher Scientific Inc.
- Virbac Group
- Zoetis Inc.