Global Veterinary Diagnostics Market Outlook to 2026: CAGR to Grow at 10.2%, Driven by the Growing Number of Diseases in Animals, and Zoonotic Diseases - ResearchAndMarkets.com
Aug. 28, 2018
DUBLIN--(BUSINESS WIRE)--Aug 28, 2018--The "Veterinary Diagnostics - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the market is accounted for $2.2 billion in 2017 and is expected to reach $5.30 billion by 2026 growing at a CAGR of 10.2% during the forecast period.
Factors such as growing number of disease outbreaks in animals, zoonotic diseases arising in humans, rising number of veterinary doctors are boosting the growth of the market. Moreover, increasing knowledge about animal health and the demand to prevent antimicrobial-resistant bacteria provide ample opportunities for the market growth. However increasing inclination towards a vegetarian diet and increasing pet care costs are hindering the market growth.
Based on animal type, the livestock animals segment witnessed considerable growth due to the increasing population which led to the rising demand for dairy products such as milk, butter, and curd. Additionally, the increasing consumption of meat in the developing countries will also increase the market's growth during the forecast period.
By geography, North America is dominating the market owing to the existence of high quality healthcare systems for both humans and veterinary animals. Growing prevalence of zoonotic diseases has increased the demand for veterinary diagnostics centers which will subsequently contribute to the market's growth in this region.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Veterinary Diagnostics Market, By Product
6 Global Veterinary Diagnostics Market, By Animal Type
7 Global Veterinary Diagnostics Market, By Technology
8 Global Veterinary Diagnostics Market, By End-User
9 Global Veterinary Diagnostics Market, By Geography
10 Key Developments
11 Company ProfilingBiomerieux SA Neogen Corporation Heska Corporation VCA Antech Thermo Fisher Scientific Pfizer IDVet Idexx Virbac Henry Schein Mindray Medical International Ltd. Randox Laboratories Ltd. Qiagen N.V. Biochek Zoetis Abaxis
For more information about this report visit https://www.researchandmarkets.com/research/72bp2m/global_veterinary?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180828005690/en/
Laura Wood, Senior Manager
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Animal Healthcare/Veterinary
INDUSTRY KEYWORD: HEALTH VETERINARY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/28/2018 01:49 PM/DISC: 08/28/2018 01:48 PM