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U.S. Veterinary Diagnostics Market 2018-2025: Top Global Players ABAXIS, INC., HESKA CORPORATION, NEOGEN CORPORATION, QIAGEN N.V, VIRBAC, THERMOFISHER SCIENTIFIC INC., RANDOX LABORATORIES INC., IDVET, ZOETIS, INC.,IDEXX LABORATORIES, INC., VCA ANTECH, INC., MINDRAY MEDICAL INTERNATIONAL LTD.

U.S. Veterinary Diagnostics Market

U.S. Veterinary Diagnostics Market Research Report Will Help To Take Informed Decisions, Understand Opportunities, Plan Effective Business Strategies, Plan New Projects, Analyze Drivers And Restraints And Give Vision On The Forecast, Report Is An Specialist And Broad Research Report On The Major Regional Market Conditions, Concentrating On The United States, China, Europe, Japan, Southeast Asia, And India Regions.

Major Players: U.S. Veterinary Diagnostics Market

Some of the prominent participants operating in this market are ABAXIS, INC., HESKA CORPORATION, NEOGEN CORPORATION, QIAGEN N.V, VIRBAC, THERMOFISHER SCIENTIFIC INC., RANDOX LABORATORIES INC., IDVET, ZOETIS, INC., IDEXX LABORATORIES, INC., VCA ANTECH, INC., MINDRAY MEDICAL INTERNATIONAL LTD., HENRY SCHEIN, INC., NGAIO DIAGNOSTICS, CHEMBIO DIAGNOSTIC SYSTEMS, INC., BIOMÉRIEUX SA, BIO-RAD LABORATORIES, INC., ALVEDIA, HYTEST LTD, KYORITSU SEIYAKU CORPORATION among others.

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U.S. Veterinary Diagnostics Market is expected register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Segmentation: U.S. Veterinary Diagnostics Market

  • By Product Type (Consumables, Instruments),
  • By Product Type (Clinical Biochemistry, Immunodiagnostics),
  • By Animal (Livestock Cattle, Domestic Pets),
  • By End User (Veterinary Hospitals and Clinics, Farms and Livestock Production Companies, Point of Care (Household), Non Profit Animal Camps, Others),
  • By Distribution Channel (Direct Tender, Retail)

Drivers: U.S. Veterinary Diagnostics Market

Prominent factors driving the growth of this market consist of increasing number of pet insurances, increasing number of house pets, increasing in the number of veterinary practitioners, technological developments and increase in number of vendors, increasing consumption of animal food products, increasing importance of animal fluids in human healthcare are fuel the growth of veterinary diagnostics  market.

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Increasing Number of Pet Insurances:

Pet insurance is defined as that category of insurance in which insurance providers covers injuries and disease condition to some degree. Pet insurance covered such as accidents injuries, illnesses, veterinary exam fees, diagnostic treatments, prescription medications, cancer treatments, dental treatments etc. As per the statistics, the first pet insurance policy was noted, in 1890, which was focused only for horses and livestock.

According to statistics the Pet care and medicine cover a major part of the all pet market sales. For instance: cost of incidence coverage for an 11 year old dog in New York which is come under Embrace Insurance amounted to an annual cost of 10,260 U.S. dollars per owner in 2016.

Increasing number of house pets:

As human populations have grown, so too have pet populations.  Now days continuously increasing number of house pets. As per the statistic number of pets in 2017, approximately 89.7 million dogs were accounted to live in U.S. households as pets. In 2017, some approximately 68.0% percent of Americans have the pets.

As per the American Society for the Prevention of Cruelty to Animals, in 2016 approximately 90.0% of pet owners consider pets as family members.

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Increasing in the number of veterinary practitioners:

Veterinary practices are continuously increasing due to rising number of pet owners in U.S. Based on an article published in Pet food industry, in 2016,U.S ranks is fifth for pet owners in all over world and its rank third in cat pet owners.

According to the American Veterinary Medical Association, in 2013 approximately 90,200 working veterinarians in U.S.

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