Global Animal Health Diagnostics Market 2018-2022 | Rise in Internet of Animals to Boost Growth | Technavio

December 26, 2018

LONDON--(BUSINESS WIRE)--Dec 26, 2018--The global animal health diagnostics market is expected to post a CAGR of close to 10% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global animal health diagnostics market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the global animal health diagnostics market is the rising awareness about zoonotic diseases. Also, the increased rate of globalization and cross-continental travel increase the risk of proliferating zoonotic diseases worldwide. The rise in professional and public awareness can prevent the spread of these diseases. Veterinarians need to report any incidence of zoonotic diseases that might lead to an outbreak.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period.

This report is available at a USD 1,000 discount for a limited time only:

Global animal health diagnostics market: Rise in Internet of Animals

Internet of Things (IoT) is transforming the way in which animal healthcare was approached previously. Over the past few years, there has been a rise in demand for wearable activity and health monitors, along with the video-enabled engagement and remote monitoring. There are several monitoring solutions available for livestock that deliver robust data analytics that assists in providing real-time insights on when an animal can be intervened for feeding and healthcare. With technological advances helping to improve animal care, the market is finding new solutions to meet the rising demand and reduce costs.

“Pet owners are more concerned about the health and wellness of their pets. Therefore, the increase in pet humanization is expected to boost the growth of the global animal health diagnostics market during the forecast period,” says a senior analyst at Technavio.

Global animal health diagnostics market: Segmentation analysis

This market research report segments the global animal health diagnostics market by animal type (livestock, and companion) by end-user (veterinary clinics, veterinary hospitals, and research institutes) and geographical regions (APAC, EMEA, and the Americas).

The Americas region led the market in 2017 with a market share of over 73%, followed by EMEA and APAC respectively. EMEA is expected to register the highest incremental growth during the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181225005021/en/

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SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/26/2018 01:19 AM/DISC: 12/26/2018 01:19 AM


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