Description

Veterinary In vitro Diagnostics Market: Market Dynamics

 

Veterinary In-vitro diagnostics are used for detecting infections, conditions and diseases, and also used to monitor the health status of animals and therapeutic procedures by examining the specimens like blood, tissue, urine, stools and other bodily fluids derived from body of the animal. Various technologies are incorporated in Invitro diagnostics such as micro array techniques, mass spectrometry, polymerase chain reaction and sequencing technology are used for testing the sample preparation. Factors such as upsurge of pet adoption, increase in zoonotic diseases, rise in Veterinary healthcare awareness in pet owners are driving the market globally. Furthermore, increase in healthcare expenditure on animals, technological advancements in veterinary diagnostics also propels the growth for market globally. However, lack of awareness, high cost of the tests, stringent regulatory framework may hamper the growth of the market globally.

 

Market Scope: Veterinary In vitro Diagnostics Market

 

The Market is segmented on the basis of Type, Products, Animal Type, and Distribution channel and Geographical regions

Based on the Type

  • Software and services
  • Instruments
  • Reagents and consumables

Based on the Products

  • Blood testing
  • Immunodiagnostics
  • Tissue diagnostics
  • Molecular diagnostics
  • Chemical chemistry

Based on the Disease Condition

  • Immune system disorders
  • Infectious disease
  • Neurological disorders
  • Cancer
  • Nephrological diseases
  • Gastrointestinal disorders
  • Others

Based on the Animal Type

  • Ruminants
  • Equine
  • Canine
  • Feline
  • Swine
  • Others

Based on the End User

  • Veterinary Hospitals
  • Veterinary Clinics

 

Regional Analysis:  Global Veterinary In-vitro Diagnostics Market

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions. Veterinary In vitro Diagnostics Market is dominated by North America followed by Europe due to the increasing practitioners in veterinary and well established veterinary healthcare in those regions. Due to the increase in adoption of animals, growing health concerns about the pets and humanization of animals are the factors which are supporting the Asia Pacific regions such as India and China to show significant growth in the Market.

 

Competition Assessment:

  • IDEXX Laboratories, Inc. (U.S.)
  • Heska Corporation (U.S.)
  • Pfizer, Inc. (U.S.)
  • Bio-Rad Laboratories Inc. (U.S.)
  • Life Technologies Corporation (U.S.)
  • VIRBAC (France)
  • Abaxis (U.S.)
  • Prionics AG (Switzerland)

 

Notable Market Developments:

  • In February 2017, Samsung Electronics entered into veterinary market by collaborating with Henry Schein, Inc., a provider of health care products and services to office-based dental, animal health, and medical practitioners and Samsung launched PT10V, its point-of-care (PoC) blood analyzer to expand its business in US Pet market.
  • In 2016, Fujifilm Corporation entered into clinical laboratory outsourcing services for animals by acquiringMonolis Co., Ltd. a Japanese outsourcing provider of veterinary clinical laboratory services including blood tests for pets,

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, and regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market


Location

GEOGRAPHY

PBI Location Map

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX