Veterinary Immunodiagnostics : Major Advances and Future Insights
Global Veterinary Immunodiagnostics MarketΒ is expected to reach USD 2,011.3 million by 2022, supported by a CAGR of 9.6% during the forecast period of 2017 to 2022.Β Veterinary immunodiagnostics has been playing a very important role in the enhancement of animal health. Thus, rising demand for animal derived food products, growth in companion and livestock animals, and growing animal health care expenditure are majorly driving the growth of this market. In addition, growing animal healthcare awareness, rising adoption of animals in developing nations, and increasing government policies on the use of diagnostic products for the betterment of animal health are further expected to boost the growth of the global veterinary immunodiagnostics market.
The global veterinary immunodiagnostics market is segmented by product, animal type, application, technology, end user, and geography. The product market is further classified into two segments, namely analysers and consumables. The consumables segment dominated the overall market in 2016 and is also estimated to continue its dominance over the forecast period owing to their increasing demand to diagnosis of animals for the prevention of transfer of zoonotic disease in human population and to ensure the good quality of animal derived products.
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Based on animal type, the veterinary immunodiagnostics market is mainly segmented into livestock and companion animals. The livestock animals segment holds the largest share in 2016, owing to the higher investment in the healthcare of livestock animals with rising demand for animal derived products across the globe.
Veterinary immunodiagnostics Market, By Application, 2017- 2022
Geographically, the global Veterinary immunodiagnostics market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. These regions are further analysed at a country level with the detailed qualitative and quantitative analysis. North America accounted for the major share in the global veterinary immunodiagnostics market in 2016, followed by Europe, and Asia-Pacific region. The major share of the North American region is mainly attributed to the higher rate of companion animals, higher spending of pet care, well established healthcare system, and large number of veterinarians. On the other hand, Asia-Pacific region is projected to grow at a faster CAGR of 11.4% during the forecast period, due to rising investment in improving animal healthcare infrastructure, growing animal healthcare expenditure, increasing pet care cost, and increasing pet ownership.
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The key players in the global Veterinary immunodiagnostics market are Abaxisinc., bioMΓ©rieux SA, IDEXX Laboratories inc., Heska Corporation, Virbac SA, Zoetisinc., Randox Laboratories Ltd., Neogen Corporation, Woodley Equipment Company Ltd, Thermo Fisher Scientific Inc., and QIAGEN N.V.
Scope of the Report:
Market by Product type:
- Analyzers
- Consumables
Market by animal type:
- Livestock
- Cattle
- Pigs
- Poultry
- Others
- Companion
- Feline
- Canine
- Equine
- Others
Market by Technology:
- Enzyme-Linked Immunosorbent Assay (ELISA)
- Chemiluminescence Immunoassay
- Fluorescent Immunoassay
- Colorimetric Immunoassay
- Radioimmunoassay
- Rapid Test
- Others
Market by Application:
- Infectious Disease
- Autoimmune Disorder
- Endocrinology& Oncology
- Bone and Mineral diseases
- Others
Market by End User:
- Reference Laboratories
- Academic and Research Institutes
- Veterinary Hospitals & Clinics
- Point of care/ In-house testing
Market by Geography:
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa