Global veterinary immunodiagnostics market is projected to grow at an impressive CAGR in the upcoming five years. The market is anticipated for the growth from 2023-2027 on account of growing companion animal population, and growing cases of animal zoonotic diseases. The healthcare for companion animal population is developing and is in demand looking at the fare increase in their population. Moreover, rising demand of pet insurance, active expenses on the animal healthcare are some major factors that are behind the growth of global veterinary immunodiagnostics market. Also, rising demand for food products that are derived from animals is supporting the growth of global veterinary immunodiagnostics market, positively.
The global veterinary immunodiagnostics market is segmented by product type, animal type, technology, application, end user, distribution channel, regional distribution, and competitional landscape. Based on product type the market is further fragmented into analyzers, and consumables. The market sees an increasing demand for animal diagnostics so that instances of zoonotic diseases spreading to humans can be identified, and demand for good quality animal products is driving the market. These factors are supporting the consumables segment to dominate the market in the next five years.
In 2021, the world was hit with COVID-19, and economies were highly effected. The pandemic was caused because of a virus that cultivated through zoonotic disease. This fact has increased the concerns among the global population regarding animal related food products and their consumption. Bird flu, swine flu are some other examples that have earlier affected world health. So, in the recent wake of pandemic, the veterinary immunodiagnostics is actively utilized thereby supporting the growth of global veterinary immunodiagnostics market, positively.
Some of the major competitors in the market are Abaxis Inc., BioMerieux SA, Idexx Laboratories Corporation, Heska Corporation, Virbac SA, Zoetis Inc., Woodley Veterinary Diagnostics Ltd., Randox Laboratories Ltd., Neogen Corporation, Thermo Fisher Scientific Inc., among others.
Objective of the Study
- To analyze the historical growth of the market size of global veterinary immunodiagnostics market from 2017 to 2020.
- To estimate and forecast the market size of global veterinary immunodiagnostics market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global veterinary immunodiagnostics market based on product type, animal type, technology, application, end user, distribution channel, and regional distribution.
- To identify dominant region or segment in the global veterinary immunodiagnostics market.
- To identify drivers and challenges for global veterinary immunodiagnostics market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global veterinary immunodiagnostics market.
- To identify and analyze the profile of leading players operating in global veterinary immunodiagnostics market.
- To identify key sustainable strategies adopted by market players in global veterinary immunodiagnostics market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of global veterinary immunodiagnostics market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Veterinary hospitals, end users, service providers and other stakeholders
- Distributers and suppliers of veterinary immunodiagnostics products and other stakeholders
- Organizations, forums, and alliances related to veterinary immunodiagnostics market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as vendors, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Product Type · Animal Type · Application |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa |
| Key Companies Profiled | Abaxis Inc., BioMerieux SA, Idexx Laboratories Corporation, Heska Corporation, Virbac SA, Zoetis Inc., Woodley Veterinary Diagnostics Ltd., Randox Laboratories Ltd., Neogen Corporation, Thermo Fisher Scientific Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
