Veterinary Infectious Disease Diagnostics Market – poised to grow exponentially by 2030

PORTLAND, OR, UNITED STATES, October 25, 2021 /EINPresswire.com/ – Rising number of pet owners, rising animal health spending and demand for pet insurance are boosting the global veterinary infectious disease diagnostics market. However, the lack of veterinary infrastructure in underdeveloped countries is hampering the growth of the market. On the other hand, awareness of animal health across the world creates new opportunities in the years to come.

“Veterinary Infectious Disease Diagnostics Market, By Product Type (Immunodiagnostics, Molecular Diagnostics, and Others) and Application (Dogs, Cats, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026.” According to the report, the global veterinary infectious disease diagnostics industry generated $ 1.27 billion in 2018 and is expected to reach $ 2.40 billion by 2026, with a CAGR of 8.3% from 2019 to 2026 .

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Immunodiagnostics segment to maintain leadership position by 2026

On the basis of product type, the immunodiagnostics segment contributed nearly half of the total share of the global veterinary infectious disease diagnostics market in 2018, and is expected to maintain its leading position throughout the period. forecast. Additionally, this segment is believed to have the highest CAGR of 9.2% from 2019 to 2026. This is due to the benefits of using these tests, including quick results and accurate diagnosis. The research also analyzes segments including molecular diagnostics and others.

Dogs segment to retain lion’s share of revenue by 2026

On the basis of applications, the dog segment accounted for the largest market share of the global veterinary infectious disease diagnostics market, accounting for over two-fifths of the total market share in 2018, and is expected to maintain its lion’s share in terms of in revenue by 2026. Additionally, this segment is expected to grow at the highest CAGR of 9.0% from 2019 to 2026. This is due to the increase in dog ownership as pets across the world. The report also discusses segments including chats and others.

North America to Maintain Dominance Over Forecast Period

Based on region, North America had the highest market share in terms of revenue, accounting for nearly two-fifths of the global veterinary infectious disease diagnostics market in 2018, and is expected to maintain its dominance over the course of this year. the forecast period. This is attributed to increased awareness of early detection of disease in companion animals and the availability of better veterinary treatment options. In addition, Asia-Pacific is expected to maintain the highest CAGR of 10.3% from 2019 to 2026, due to the increase in the number of pet owners and increased awareness of early diagnosis and treatment of diseases occurring. in pets.

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Main market players: –

The main players operating in the market are Biomérieux SA, HESKA Corporation, IDEXX Laboratories, Inc., ID.Vet, Neogen Corporation, Qiagen NV, Randox Laboratories Ltd, Thermo Fisher Scientific Inc, Virbac and Zoetis.

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“We have also published some syndicated market research in the same area that you may be interested in. Below is the title of the report for your reference, considering the impact of Covid-19 on this market, which will help you assess the aftermath of the pandemic on the short and long term growth trends of this market. Marlet. “

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