Veterinary Molecular Diagnostics Market Research Report

 Growth opportunities in the veterinary molecular diagnostics market look promising over the next six years. This is mainly due to the rise in foodborne diseases, increasing penetration of molecular diagnostics for veterinary medicine due to the presence of a strong distribution channel, and the growing prevalence of zoonotic disease.

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Veterinary Molecular Diagnostics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The surging pervasiveness of zoonotic diseases and the growing diagnostic rate owing to the boost in expenditure on animal healthcare are the drivers anticipated to stimulate the growth of the global veterinary molecular diagnostic market. Also, the increase in foodborne diseases coupled with innovative veterinary diagnostics is another factor contributing to the market growth. Moreover, the accelerating penetration of molecular diagnostic for veterinary because of the prevalence of strong distributional channel, rapid urbanization, and frequent visits to veterinary facilities by high-income families that own pets, further strengthens the market growth. However, the lack of veterinary practitioners and inadequate awareness concerning veterinary molecular diagnostic across nations may curb the growth of the veterinary molecular diagnostic market share.

Product Type Segment Driver:

Based on the product type, the market is segmented into instruments and consumables. Amongst which, consumables are expected to expand at a higher CAGR over the forecast period. The consumables segment is further segregated into reagents, kits, and others. Kits are projected to witness a higher growth largely because of their use in screening of families of similar disorders. Also, most of the commercial products are available in the form of kits. Leading companies are involved in advancing veterinary diagnostics kits to launch new products, which will propel the market growth.

Application Type Segment Drivers

On the basis of application type, companion animals are anticipated to expand at a higher CAGR over the forecast period. This is mainly owing to the escalating expenditure on pet healthcare and the increasing awareness about pet healthcare.

Regional Drivers

Based on the regional coverage, North America is predicted to observe a faster CAGR during the forecast period. This is attributed to the fuelling pet adoption along with the increasing awareness about animal health. Also, various organizations, by their continuous efforts, are promoting animal welfare activities to raise the market growth. On the other hand, Asia Pacific is expected to lead the market over the forecast period due to the growing animal population, accelerating demand for animal-derived food products integrated with the adoption of veterinary diagnostic products.

Veterinary Molecular Diagnostics Market ’S leading Manufacturers:

  • Neogen Corporation
  • Bioneer
  • Biomedica Medizinprodukte GmbH & Co. KG
  • IDEXX Laboratories Inc.
  • Thermo Fisher Scientific Inc.
  • ABAXIS Inc
  • HealthGene Corporation
  • VCA Inc.
  • QIAGEN N.V.

Veterinary Molecular Diagnostics Market Segmentation:

Segmentation by Product Type:

  • Instruments
  • Consumables
  • Reagents
  • Kits
  • Others

Segmentation by Technology:

  • PCR
  • INAAT
  • Microarrays
  • DNA Sequencing

Segmentation by Animal Type:

  • Companion Animals
  • Dogs
  • Horses
  • Cats
  • Livestock Animals
  • Pigs
  • Cattles
  • Poultry
  • Others

Segmentation by End-Users:

  • Veterinary Hospitals
  • Clinical Laboratories
  • Research Institutes

Segmentation by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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