Companion Animal Diagnostics Market By Technology (Clinical Biochemistry, Immunodiagnostics, Molecular Diagnostics, Hematology, Urinalysis, Others), By Application (Clinical Pathology, Bacteriology, Virology, Parasitology, Other Applications), By Animal Type (Dogs, Cats, Others), By End User (Diagnostic Labs, Veterinary Hospitals And Clinics, Point-Of-Care And In-House Testing, Research Institutes And Universities): Global Opportunity Analysis And Industry Forecast, 2022-2030 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Companion Animal Diagnostics market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Companion Animal Diagnostics market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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The global companion animal diagnostics market size was US$ 2.9 billion in 2021. The global companion animal diagnostics market size is estimated to reach US$ 6.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.6% during the forecast period from 2022 to 2030.
Companion animals mainly include cats and dogs considered a part of the family. It is a diagnostic process that is used to identify a chronic disease in fellow animals at the molecular state. It is known as the most suitable method to determine and describe different chronic disorders in animals. For the detection of diseases, many diagnostics techniques are used including immunodiagnostic, molecular diagnostic, urinalysis, Clinical biochemistry, and others.
Factors Influencing Market Growth
The rise in the majority of zoonotic diseases in animals, an increase in technological improvement in point-of-care diagnostics, and an increase in disposable income levels in growing regions drive the overall market expansion.
The increase in awareness related to animal healthcare and the increase in the use of quick tests and transportable devices in point-of-care diagnostics drive the overall market expansion.
The shortage of trained veterinary specialists and animal health awareness hampers the overall market expansion.
Effect of the COVID-19 Pandemic
COVID-19 had a positive influence on the overall market expansion. The growth in the majority of COVID-19 has propelled the need for accurate treatment and diagnosis devices in many nations. Moreover, the increase in the number of COVID-19 disorders in animals has alarmed different veterinary institutions around the globe to evaluate samples for diagnosis from companion and domestic animals during the pandemic.
Regional Analysis
North America had the highest revenue share during the analysis period, due to the majority of chronic disorders among animals like gastrointestinal disease, zoonotic disease, and among others and arthritis.
Asia-Pacific is expected to notice lucrative growth, due to a rise in the companion animal population, an increasing need for diagnostics services from the livestock sector, and increasing partner animal health costs, in emerging nations.
Leading Competitors
The prominent players in the global companion animal diagnostics market are:
- Triviumvet
- Randox Laboratories
- Neogen Corporation
- Indical Bioscience
- Idexx Laboratories
- Heska Corporation
- Fujifilm Holdings Corporation
- Thermo Fisher Scientific
- Virbac
- BioNote
- Others
Segmentation Analysis
The global companion animal diagnostics market segmentation focuses on Technology, Application, End User, and Region.
Segmentation on the basis of Technology
Clinical Biochemistry
o Clinical Chemistry Analyzer
o Blood Glucose Monitoring
o Blood Gas & Electrolyte Analysis
Immunodiagnostics
o ELISA
o Lateral Flow Assay
o Immunoassay Analyzers
o Others
Hematology
o Hematology Cartridges
o Hematology Analyzers
Molecular Diagnostics
o PCR
o Microarrays
o Others
Urinalysis
o Urinalysis clips & cartridges/panels
o Urine Analyzer
o Urine Test Strips
o Others
Segmentation on the basis of Application
Clinical Pathology
Bacteriology
Virology
Parasitology
Other Applications
Segmentation on the basis of Animal Type
Dogs
Cats
Others
Segmentation on the basis of End User
Diagnostic Labs
Point-Of-Care and In-House Testing
Research Institutes and Universities
Veterinary Hospitals and Clinics
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Key Points Covered in Companion Animal Diagnostics Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Companion Animal Diagnostics market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Companion Animal Diagnostics Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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