Veterinary Diagnostics Market Growth in United States

 The global veterinary diagnostics market size is projected to reach USD 9.5 billion by 2026, exhibiting a CAGR of 10.0% during the forecast period. Rising prevalence of zoonotic diseases such as swine flu and rabies is the main factor driving the growth of this market. Zoonotic diseases are those which humans contract from animals, birds or insects. They pose grave danger not only to the person infected, but also to other people who might come in close contact with him or her, laying the groundwork for an epidemic. A study published by the Centers for Disease Control and Prevention (CDC) states that 75% of emerging infectious diseases affecting humans are zoonotic in origin. This was already witnessed during the recent Ebola outbreak and rapid spread of swine flu a few years earlier. Preventing the birth of such diseases is crucial for public health as they also cause huge economic losses. According to the WHO, zoonotic epidemics between 1997 and 2009 led to a loss of about USD 80 billion. Thus, veterinary diagnostic techniques are set to witness a surge in demand in the upcoming years.

Get Sample PDF:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/veterinary-diagnostics-market-101040

According to the Fortune Business Insights report, titled “Veterinary Diagnostics Market Size, Share & Industry Analysis, By Product Type (Instruments and Reagents & Consumables), By Technique (Hematology, Immunohistochemistry, Molecular Diagnostics, Diagnostic Imaging, Clinical Biochemistry, and Others), By Animal Type (Livestock and Companion), End-user (Veterinary Hospitals & Clinics, Veterinary Reference Laboratories, and Others) and Regional Forecast, 2019-2026”, the market value stood at USD 4.4 billion in 2018. The report also contains an exhaustive analysis of the various factors and regional and competitive dynamics that are likely to influence the market during the forecast period. Additionally, it provides businesses with sound research which can aid them in making informed decisions and forming smart strategies for the future.

Fortune Business Insights identifies some of the major players in this market:

  • DRE Veterinary
  • Randox Laboratories Ltd.
  • IDEXX
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • VCA Antech, Inc.
  • Virbac
  • Thermo Fisher Scientific Inc.

Europe to Display Impressive Growth; North America to Dominate the Scene

Rising prevalence in veterinary disorders, especially among pet dogs, and increasing pet ownership will put North America in the driver’s seat in terms of revenue. Growing investment in veterinary research will favor growth of the market in Europe during the forecast period. The market in Asia-Pacific will be primarily driven by rising pet population in India and China along with increasing livestock numbers. In Africa, Latin America, and the Middle East, availability of affordable medical equipment will bode well for the market.

Comments

Post a Comment

Popular posts from this blog

U.S. Acne Treatment Market 2023 Growth, Trends, Demand and Business Opportunities -2029

The recently released Fortune Business Insights™ research on the  U.S. Acne Treatment Market   survey report provides facts and statistics regarding market structure and size. Global U.S. Acne Treatment Market Industry, 2023-2028 Research report presents an in-depth analysis of the U.S. Acne Treatment Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. The U.S. acne treatment market size was valued at USD 4.27 billion in 2021. The market is projected to grow from USD 4.50 billion in 2022 to USD 6.12 billion by 2029, exhibiting a CAGR of 4.5% during the forecast period. Get a Free Sample PDF Brochure  –  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/106565 Acne is a skin condition that occurs due to the plugging of hair follicles with sebum, oil, dirt, and dead skin cells. According to the published articles, acne is the most common disease in the U.S., it affects an estimated 80% of the total population a
Read more

Remote Patient Monitoring Devices Market Recent Development, Share, Size, Segments and Revenue Forecast

  The global   Remote Patient Monitoring Devices   Market Share provides market insights to help companies make better business decisions and advance growth plans, based on market forecasts and trends. The dynamic structure of the market, product offerings of key players, their challenges, technical innovation, hurdles and barriers, sales and communication information, sales by country, risk, outlook, landscape competitive, growth strategy, and so on are all marketing variables covered in the study. Explore in depth the current and emerging state of the industry. The study looks at a number of factors, including the degrees of advancement and the various strategies used by the current major players in the market. Request a Free Sample PDF:  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/106328 The global remote patient monitoring devices market size was USD 25.32 billion in 2020. The market is expected to grow from USD 30.05 billion in 2021 to USD 101.02 billion in
Read more

 Dental Prosthetics Market Size, Segmentation, Growth Factor,  Demands, Analysis, Regional Forecast to 2028

 The global Dental Prosthetics Market Share provides market insights to help companies make better business decisions and advance growth plans, based on market forecasts and trends. The dynamic structure of the market, product offerings of key players, their challenges, technical innovation, hurdles and barriers, sales and communication information, sales by country, risk, outlook, landscape competitive, growth strategy, and so on are all marketing variables covered in the study. Explore in depth the current and emerging state of the industry. The study looks at a number of factors, including the degrees of advancement and the various strategies used by the current major players in the market. Request a Free Sample PDF:  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/102677 The global dental prosthetics market size was USD 6.09 billion in 2018 and is projected to reach USD 9.71 billion by 2026, exhibiting a CAGR of 6.0% during the forecast period. Key market pla
Read more