DUBLIN--(BUSINESS WIRE)--The "Global Veterinary Diagnostics Market - Trends & Forecasts 2017 - 2022" report has been added to Research and Markets' offering.
The global veterinary diagnostics market accounted for a market value of USD 3,781 million in 2015. The market has been estimated to be worth USD 4,104 million in 2016 and is projected to reach a market value of USD 6,168 million by 2021, growing at a CAGR of 8.50% during the forecast period 2016 to 2021.
Veterinary diagnostic products are as complex as they are difficult to manufacture. Most of the rapid assay, poultry, and livestock diagnostic products are biologic products that require materials from living organisms. Owing to this, during the economic recession of 2008, the United States faced a decline in consumer spending on pets, which affected the veterinary diagnostics market. The market development for companion animal diagnostics has relied heavily on the purchase and use of in-clinic analyzers or diagnostic instruments that are used for veterinary practices.
Diagnostic technologies such as lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock and household pets for the presence of a variety of medical conditions to be able to undertake preventative or remedial measures. Food animal diagnostics assist in livestock, production, and animal preventive care while complementing other measures, such as vaccination and selective breeding.
The global veterinary diagnostics market has been segmented by type of diagnostic tests, animal type, product, and geography.
Companies Mentioned:
- Pfizer
- Thermo Fisher Scientific
- Henry Schein
- Virbac
- Zoetis
- IDVet
- Abaxis
- Heska Corporation
- Idexx
- Biochek
- VCA Antech
Key Topics Covered:
1. Introduction
2. Research Approach and Methodology
3. Key Findings of the Study
4. Market Overview
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/tb7xjp/global_veterinary
