The global Companion Animal Diagnostics market research study published by Emergen Research is an extensive collection of insightful information about the Companion Animal Diagnostics industry. The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Companion Animal Diagnostics market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Companion Animal Diagnostics market landscape. The Companion Animal Diagnostics research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans.
Leading companies looking for new revenue streams will find this research very helpful in understanding the market and its underlying dynamics. It is useful for companies looking to diversify into new markets or expand their current scope of operations.
The market for companion animal diagnostics was valued at $5.12 billion globally in 2021 and is anticipated to grow at a rate of 9.7% during the forecast period. Key drivers influencing market revenue growth include the rising need for pet insurance, a preference for quick tests and portable equipment for Point-of-Care (PoC) diagnostic testing for animals, as well as an increase in the frequency of multiplex and zoonotic infections.
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Market Overview:
The report bifurcates the Companion Animal Diagnostics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Companion Animal Diagnostics market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
This report tells you Today how the Companion Animal Diagnostics market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Competitive Terrain:
The global Companion Animal Diagnostics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Market Segmentations of the Companion Animal Diagnostics Market
For this study, this report segments the global Companion Animal Diagnostics market on the basis of product, application, and region:
Segments Covered in this report are:
-
Technology Type Outlook (Revenue, USD Billion; 2019-2030)
- Clinical Biochemistry
-
Animal Type Outlook (Revenue, USD Billion; 2019-2030)
- Dogs
- Cats
- Others
-
Application Outlook (Revenue, USD Billion; 2019-2030)
- Clinical Pathology
- Bacteriology
- Parasitology
- Virology
- Others
Leading Market Players Profiled in the Report:
Idexx Laboratories, Inc., Neogen Corporation, Zoetis, Inc., Heska Corporation, IDvet, Virbac, Shenzhen Mindray Animal Medical Technology Co., Ltd, Biomerieux SA, Bionote, Inc., and Randox Laboratories Ltd
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Regional Outlook:
- North America (the U.S., Canada, Mexico)
- Europe (the U.K., Germany, France, Italy)
- Asia Pacific (India, China, Japan, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
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