Global Veterinary Infectious Disease Diagnostics Market Size By Technology, By Animal Type, By End User, By Geographic Scope And Forecast

Veterinary Infectious Disease Diagnostics Market Size And Forecast

Veterinary Infectious Disease Diagnostics Market size was valued at USD 1.6 Billion in 2022 and is projected to reach USD 3.54 Billion by 2030, growing at a CAGR of 8.87 % from 2023 to 2030.

The primary drivers of the growth of the worldwide Veterinary Infectious Disease Diagnostics Market are the increase in pet ownership and the rise in animal health expenditure. For instance, diagnosing an animal’s disease costs a lot of money. The Global Veterinary Infectious Disease Diagnostics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Veterinary Infectious Disease Diagnostics Market Definition

Tests that assist in determining and identifying various illnesses in animals are known as veterinary infectious disease diagnostics. These treatments are carried out using a variety of techniques using tissue, excrement, and blood samples from the patients. In veterinary diagnostics, new techniques and technology that have been created for human diagnostics are also heavily used. Immunodiagnostics (lateral flow assays, ELISA, etc.), molecular diagnostics (PCR testing, microarrays, etc.), and other techniques are employed in veterinary diagnostics.

Indirect fluorescent antibody test (IFAT), complement fixation, agglutination, western blot, and other techniques are also employed. Microorganisms are the root cause of infectious diseases. The bulk of diseases that are significant to veterinarians are brought on by helminths, bacteria, and viruses. Mycoplasmal, rickettsial, protozoal, and other microbial agents cause fewer but nonetheless significant disorders. Any particular infectious disease’s effects are influenced by a variety of variables.

Clearly, infections that frequently kill adult and/or young animals are quite serious. Certain illnesses have a negative impact on natural R technology by leading to infertility or abortion. Other illnesses may result in significant losses in the quantity and quality of food, resources, or labor produced. When an infectious agent may be transferred from an animal to a human, zoonotic illnesses pose a concern to human health. A combination of the aforementioned elements may be related to the significance attached to a particular sickness.

Global Veterinary Infectious Disease Diagnostics Market Overview

Animals with infectious infections who are not treated for a prolonged period of time can die. Therefore, treating animals with these diseases requires early diagnosis and therapy. Additionally, veterinary diagnostics refers to the processes and examinations carried out to identify the existence of infectious diseases. These tests and methods also use goods referred to as veterinary infectious disease diagnostics.

Animal infections brought on by viruses, bacteria, and parasites are just a few of the infectious diseases that can be detected with these diagnostics. Additionally, diagnostics can be performed to find contagious diseases in animals like cats and dogs. The primary drivers of the growth of the worldwide Veterinary Infectious Disease Diagnostics Market are the increase in pet ownership and the rise in animal health expenditure. For instance, diagnosing an animal’s disease costs a lot of money.

There are now more people looking for these services and willing to spend more money. Additionally, the market for veterinary infectious disease diagnostics is expanding due to an increase in the prevalence of numerous infectious diseases among companion animals. However, the development of the veterinary infectious disease diagnostics industry is constrained by a lack of awareness regarding the usage of these tools in developing nations.

Global Veterinary Infectious Disease Diagnostics MarketSegmentation Analysis

The Global Veterinary Infectious Disease Diagnostics Market is segmented on the basis of Technology, Animal Type, End User, and Geography.

Veterinary Infectious Disease Diagnostics Market, By Technology

• Immunodiagnostics• Molecular Diagnostics• Others

Based on Technology, The Market is segmented into Immunodiagnostics, Molecular Diagnostics, and Others. Lateral flow assays, ELISA tests, and other immunodiagnostic technologies make up the immunodiagnostics segment. The market for veterinary infectious disease diagnostics was dominated by the immunodiagnostic sector. Throughout the projection period, this market segment is anticipated to continue to rule. The development of sophisticated diagnostic immunoassay formats and diagnostic platforms can be blamed for this dominance.

Veterinary Infectious Disease Diagnostics Market, By Animal Type

• Companion Animals• Food Producing Animals

Based on Animal Type, The Market is segmented into Companion Animals and Food Producing Animals. The segment with the largest revenue was companion animals, and throughout the forecast period, growth is expected. This can be ascribed to rising pet ownership in industrialized nations, rising pet insurance penetration, an increase in veterinary professionals worldwide, and a spike in strategies to prevent and control animal diseases.

Veterinary Infectious Disease Diagnostics Market, By End User

• Reference Laboratories• Veterinary Laboratories and Clinics• Point of Care/In House Testing• Others

Based on End User, The Market is segmented into Reference Laboratories, Veterinary Laboratories and Clinics, Point of Care/In House Testing, and Others. In 2018, the end-user sector for reference laboratories dominated the global market. The substantial share of this end-user segment can be due to the vast volume of samples from both small and large animal practices that are sent to reference laboratories for examination.

Veterinary Infectious Disease Diagnostics Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Veterinary Infectious Disease Diagnostics Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The rise in meat and dairy product consumption, the availability of technologically advanced veterinary reference laboratories, the rising cost of veterinary healthcare, and the expansion of pet insurance coverage all contribute to the growth of the market in North America.

Key Players

The “Global Veterinary Infectious Disease Diagnostics Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as bioMérieux SA, Heska Corporation, IDEXX Laboratories, Inc., ID. Vet, Neogen Corporation, QIAGEN N.V., Randox Laboratories Ltd, THERMO FISHER SCIENTIFIC INC, Virbac., Zoetis and Others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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