Global Animal Health Diagnostics Market: Industry Analysis & Outlook (2018-2022) - Zoonotic Diseases and Growing Pet Adoption to Boost Animal Health Diagnostics Market - ResearchAndMarkets.com

DUBLIN--()--The "Global Animal Health Diagnostics Market: Industry Analysis & Outlook (2018-2022)" report has been added to ResearchAndMarkets.com's offering.

This report provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering the U.S. along with the global market. The report profiles the key players of the market including IDEXX Corporation, Zoetis Corporation, Heska Corporation, and Abaxis.

The global animal health diagnostic market is expected to grow in future due to increasing demand for animal protein, rapid urbanization, improving pet industry, favorable demographics for pet adoption, and increasing disposable income. Key trends of this market include increasing companion ownership and rising incidences of zoonotic diseases. However, there are some factors which can hinder the market growth including legal norms, high cost for development and highly competitive landscape for new entrants.

Clinical chemistry testing has been the most significant segment in the growth of global animal health diagnostic market due to technological improvements in testing methods and its wide applications in small veterinary clinics and hospitals.

The U.S. is a major contributor to the global animal health diagnostic market supported by increased pet adoption among millennial, higher concentration of key players, increasing pet healthcare expenditure and number of homes with pet.

Market Dynamics

Growth Drivers

  • Growing Demand for Animal Protein
  • Improving Pet Market in the U.S.
  • Urbanization
  • Increasing Disposable Income
  • Favorable Demographics Supporting Pet Market

Key Trends

  • Increasing Companion Animal Ownership
  • Rising Incidences of Zoonotic Disease

Challenges

  • Highly Competitive Landscape for New Entrants
  • High Cost of Product Development
  • Legal Regulation

Key Topics Covered

1. Overview

2. Global Animal Health Diagnosis Market

3. Regional Animal Health Diagnosis Market

4. Market Dynamics

5. Competition

6. Company Profiles

  • Zoetis Inc.
  • IDEXX Corporation
  • Abaxis
  • Heska Corporation

For more information about this report visit https://www.researchandmarkets.com/research/2bb3x3/global_animal?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Animal Healthcare/Veterinary

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Animal Healthcare/Veterinary