During the forecast period, the Global Veterinary Infectious Disease Diagnostics Market is expected to grow at a rapid pace of 10.1%. The Veterinary Infectious Disease Diagnostics market is currently valued at US$ 1.9 billion in 2023. The Veterinary Infectious Disease Diagnostics market is expected to reach a peak of US$ 4.9 billion by 2033.
Key players are committed to providing a better experience for customers through diagnostic innovation. Thanks to artificial intelligence (AI) algorithms that enable cost-effective access to expert-level results, remote veterinary specialist review, and post-diagnostic consultations, veterinarians can gain full diagnostic insights anytime, anywhere.
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Their one-of-a-kind product and service combination delivers a comprehensive picture, allowing veterinarians to make more informed medical decisions for more personalised treatment. They regard their veterinary clientele as collaborators in their mission. As a result, they are eager to adjust their services to end-user requests, modifying their solutions to fit within – and improve – their existing standards.
Key businesses’ veterinary microbiology solutions are built with veterinary labs in mind and include a wide range of high-quality culture mediums, identification, and susceptibility testing items. It also has Johne’s Disease devices and reagents that are automated.
They constantly cooperate with veterinarians, farmers, and pet owners to develop safe, effective, and practical treatment adherence options. They provide care for nearly all species treated by veterinary medicine and cover the majority of therapeutic segments, including thousands of pharmacological, biological, nutritional, and diagnostic products.
Their worldwide presence helps them to address issues unique to each country. They achieve this by providing products and services that meet the needs of all those who care for animals on a daily basis all around the world.
Key players are investigating creative approaches to more responsible reproduction management that considers the well-being of companion animals as well as food-producing animals.
The majority of diagnostics provided by major suppliers are ISO 17025 certified, including testing on PCR and ELISA systems. Their extensive products provide end customers with industry-leading knowledge. This includes high-quality, low-cost diagnostic and surveillance testing options, as well as short response times, which are usually less than 24 hours. Their diagnostic solutions and services match the needs of the end-user and ensure that they receive the data they need to decrease hazards and preserve their pet’s health and safety.
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Regional Insights
The United States dominates the Veterinary Infectious Disease Diagnostics industry, accounting for 9.8% of total North American sales. In the United States, the Veterinary Infectious Disease Diagnostics market is predicted to reach a peak of US$ 1.7 billion.
The region’s veterinary healthcare expenditure has greatly expanded, which is expected to boost market expansion. Furthermore, the availability of healthcare programmes, as well as an increase in the number of attempts to improve animal health, are predicted to boost the region’s growth potential.
With a projected value of US$ 206.2 million and a revenue growth rate of 9.1% over the forecast period, the United Kingdom is a significant Veterinary Infectious Disease Diagnostics market. By providing a variety of materials, key stakeholders in assisting pet owners want to further educate them. These allow pet owners to make informed choices about their pet’s health. Furthermore, their website is intended to be an interesting and educational veterinary health resource.
Japan accounts for 9.4% of total Veterinary Infectious Disease Diagnostics revenue. The Japanese market for Veterinary Infectious Disease Diagnostics is approximately $351.6 million USD. This is due to the growing acceptance of companion animals. Furthermore, the country has a high need for animal proteins, which is expected to boost regional market expansion.
Competitive Landscape:
The global Veterinary Infectious Disease Diagnostics market share is fragmented as a result of both domestic and international competitors. Several companies command substantial market shares in their respective specialty areas. Large corporations generally give natural events like product approvals and the rise in pet adoption around the world a significant amount of importance. The market for Veterinary Infectious Disease Diagnostics is predicted to expand quickly as a result of these factors.
Recent Developments:
- In September 2018, Equine Progesterone, a test for determining the progesterone level in horses, was released, according to Eurolyser Diagnostica GmbH.
- In January 2019, the Catalyst One and Catalyst Dx analyzers, an in-house testing technique for the measurement of progesterone levels in dogs, were launched by IDEXX Laboratories, Inc.
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Key Players:
- Zoetis Inc.
- Thermo Fisher Scientific
- Virbac
- Biomerieux SA
- Heska Corporation
- IDvet
- NEOGEN Corporation
- QIAGEN N.V.
- Randox Laboratories Ltd.
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