Increasing adoption of advanced technologies to diagnose the diseases enables create demand for veterinary diagnostics market over the forecast period. Moreover, increased demand for meat and dairy products are expected to attract the demand for veterinary diagnostics. Rising demand for minimally invasive diagnostic methods coupled with availability of novel products expected to fuel the market revenue for veterinary diagnostics devices over the forecast period. Surge in the companion animal adoption coupled with rising disposable income expected to boost the veterinary vaccines market. However, stringent regulations such as prohibit the veterinary OTC medicine, higher cost of the products are expected to acts as major road blocks for the market revenue growth over the forecast period.A sample of this report is available upon request @
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Based on the product type, Veterinary Diagnostics devices market has been segmented into the following:
• Hematology tests
• Immunodiagnostics
• Clinical chemistry
• Molecular testing.
Based on animal type, veterinary diagnostics market has been segmented into the following:
• Canine
• Feline
• Bovine
• Poultry
o Poultry ELISA
o Poultry PCR
• Swine
o Swine ELISA
o Swine PCR
• Others
Based on end users, veterinary diagnostics devices market has been segmented into the following:
• Veterinary Hospitals
• Veterinary Clinics
• Research laboratories
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Veterinary Diagnostics market is consolidated with few players controlling by far the majority market share. The veterinary healthcare market is experiencing considerable mergers and acquisitions. Development of novel technologies and expanded applications to the veterinary healthcare is expected to fuel market demand over forecast period. Large number of mergers in animal healthcare had undertaken, such as Pfizer, Merck, Sanofi. Merial is formed in 1997 as a joint venture of Ssanofi’s Rhone Merieux and Merck’s MSD AgVet. Elanco entered the companion animal segment strongly in the USA in 2007 and expanded geographical foot prints outside the U.S. with acquisition of Janssen in 2011.
In order to maintain leverage, companies are spending robust R&D is able to offer innovative products to the market.
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Global veterinary diagnostics market dominated by key players such as Mindray Medical International Ltd., ABAXIS, Inc., Biocheck smart veterinary diagnostics, Zoetis, Inc., Neogen Corporation, Bio rad veterianry diagnostics, HESKA Corporation, IDVET, Biomerieux veterinary diagnostics, IDEXX Laboratories, Inc., Thermo Fisher Scientific Inc. (Life Technologies Corporation), VCA Antech, Inc., Virbac SA, Cal biotech.
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