According to the latest report by IMARC Group, titled “Veterinary Infectious Disease Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global veterinary infectious disease diagnostics market size reached US$ 1.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2027, exhibiting a growth rate (CAGR) of 8.8% during 2022-2027.
Veterinary infectious disease diagnostic technologies comprise cytology, immunohistochemical stains, bacteriological culture, fecal examination, and nucleic acid amplification. They assist in detecting diseases, evaluating the overall health, and providing effective treatment to animals. As it also reduces the risk of cross-contamination, they are extensively utilized in reference laboratories, veterinary clinics, and research institutes and universities across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The increasing adoption of companion animals on account of inflating income levels and the rising trend of nuclear families represents one of the major factors strengthening the market growth. Besides this, there is a rise in the prevalence of zoonotic diseases among animals. This, along with the growing consumption of animal-derived products and rising concerns about food safety around the world, is driving the market. Furthermore, the coronavirus disease (COVID-19) outbreak is positively influencing the demand for polymerase chain reaction (PCR) testing to analyze the impact of the infection on animals, which is impelling the market growth.
Breakup by Technology:
- Molecular Diagnostics
Breakup by Animal Type:
- Companion Animals
- Food Producing Animals
Breakup by Infection Type:
- Bacterial Infections
- Viral Infections
- Parasitic Infections
Breakup by End User:
- Reference Laboratories
- Veterinary Laboratories and Clinics
- Point of Care/In House Testing
- Research Institutes and Universities
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Abbott Laboratories
- Biomérieux SA
- Creative Diagnostics
- HESKA Corporation
- Innovative Diagnostics
- IDEXX Laboratories Inc
- Neogen Corporation
- Qiagen N.V
- Randox Laboratories Ltd
- Thermo Fisher Scientific Inc
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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