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.
Cytology, immunohistochemical stains, bacteriological culture, fecal examination, and nucleic acid amplification are among the diagnostic methods for infectious diseases in animals. 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.
Market Trends:
One of the primary elements bolstering market expansion is the rising trend of nuclear households and the increased adoption of companion animals as a result of rising income levels. 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:
Immunodiagnostics
Molecular Diagnostics
Others
Breakup by Animal Type:
Companion Animals
Food Producing Animals
Breakup by Infection Type:
Bacterial Infections
Viral Infections
Parasitic Infections
Others
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
Virbac
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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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