According to a new report published by UnivDatos Markets Insights, the Veterinary Infectious Disease Diagnostics Market is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into Technology (Immunodiagnostics, Molecular Diagnostics, and Others); Animal Type (Companion Animals and Food-Producing Animals); Infection Type (Bacterial Infections, Viral Infections, Parasitic Infections, and Others); Region/Country.
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The veterinary infectious disease diagnostics market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the veterinary infectious disease diagnostics market. The Veterinary infectious disease diagnostics market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the veterinary infectious disease diagnostics market at the global and regional levels.
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Market Overview
An infectious disease can be defined as an illness due to a pathogen or its toxic product, which arises through transmission from an infected animal, or a contaminated inanimate object to a susceptible host. Infectious diseases can cause a large number of fatalities if left untreated. The increasing admission of animals to shelters, along with the increased utilization of livestock animals and the higher risk of the spread of communicable diseases among them attributes to the market growth of veterinary infectious disease diagnostics. For instance, as per the Shelter Animal Count, 390,000 dogs were euthanized in animal shelters every year in the US.
Factors such as the increasing prevalence of infectious diseases can also infect human beings along with the rising adoption of companion animals.
Some of the major players operating in the market include Some of the major players operating in the market include BIOMÉRIEUX; Heska Corporation; IDEXX; Innovative Diagnostics; INDICAL BIOSCIENCE GmbH; Neogen Corporation; Randox Laboratories Ltd.; Thermo Fisher Scientific; Virbac.; and Zoetis.
COVID-19 Impact
The diagnostic sector has played an important role during the pandemic to control the infection as the proper treatment of COVID-19 was not available. During the initial stages of the pandemic, researchers and governmental organizations were actively involved in the testing of the animals present in the vicinity of human beings to prevent the spread of infections in the animals. Therefore, the market for veterinary infectious disease diagnosis was growing at a considerable pace during the pandemic.
· Based on the technology, the market has been categorized into immunodiagnostics, molecular diagnostics, and others. Among them, the molecular diagnostics category is to grow at a considerable rate during the forecast period. With the developments in the farm animal sector, the demand for fast and reliable diagnostic techniques such as reverse transcriptase PCR has increased which is responsible for the growth of molecular diagnostics.
· Based on the animal type, the market has been categorized into companion animals and food-producing animals. Among them, the food-producing animals segment held the dominant share in 2021. The increasing population of livestock animals for food production attributes to the dominant share of the segment. For instance, as per the New Zealand government stats, dairy cattle numbers increased by 82 percent nationally from 3.4 million to 6.3 million.
· Based on the infection type, the market has been categorized into bacterial infections, viral infections, parasitic infections, and others. Among them, the viral infections segment holds a higher CAGR during the forecast period. The increasing incidences of viral infections among cattle and companion animals are the main reasons for the growth of the segment. For instance, according to the government of India, till October 2022, Lumpy skin disease has already infected over 2.4 million animals and has led to over 110,000 cattle deaths in India.
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Veterinary Infectious Disease Diagnostics Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. The major factors such as the presence of a large market for cattle production, as well as the frequent product launches in the region, are responsible for the growth of the market in the Asia-Pacific. For instance, in October 2022, Urban Animal launched India’s first-ever DNA testing kits for dogs to ensure early disease diagnosis.
The major players targeting the market include
· BIOMÉRIEUX
· Heska Corporation
· IDEXX
· Innovative Diagnostics
· INDICAL BIOSCIENCE GmbH
· Neogen Corporation
· Randox Laboratories Ltd.
· Thermo Fisher Scientific
· Virbac
· Zoetis
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the veterinary infectious disease diagnostics market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the veterinary infectious disease diagnostics market?
• Which factors are influencing the veterinary infectious disease diagnostics market over the forecast period?
• What are the global challenges, threats, and risks in the veterinary infectious disease diagnostics market?
• Which factors are propelling and restraining the veterinary infectious disease diagnostics market?
• What are the demanding global regions of the veterinary infectious disease diagnostics market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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