Global Veterinary Molecular Diagnostics Market By Technology (PCR kits, INAAT kits, Microarray kits, DNA sequencing kits), Product (Instruments & Software, Kits & Reagents, Services), , Animal Type (Companion Animals, Livestock Animals), Disease Indication (Vector-borne Diseases, Respiratory Pathogens Detection, Diarrhea Pathogens Detection, Others), Application (Infectious Diseases, Oncology, Genetics, Microbiology), End-User ( Veterinary Hospitals, Clinical Laboratories, Research Institutes),Geography (Europe, North America, Asia Pacific, South America and Middle East & Africa) – Industry Trends & Forecast to 2026
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The Global Veterinary Molecular Diagnostics Market is expected to rise from its initial estimated value of USD 453.83 million in 2018 to an estimated value of USD 870.34 million by 2026 registering a CAGR of 8.48% in the forecast period of 2019-2026. Molecular diagnostic market is driven by Increasing incidence of numerous animal diseases and by increasing expenditure on pet animal.
Few of the major market competitors currently working in the veterinary molecular diagnostics market are IDEXX Laboratories, Inc., VCA, Inc., Abaxis, Heska Corporation , Zoetis , NEOGEN CORPORATION , Thermo Fisher Scientific, Inc., Virbac, General Electric Company, Agfa-Gevaert Group., Veterinary Molecular Diagnostics, Inc., Novacyt Group, Qiagen , Biomedica Medizinprodukte GmbH & Co KG, Veterinary Laboratory – HealthGene Corp. , Bioneer, Abaxis, Neogen Corporatio.
Market Definition: Global Veterinary Molecular Diagnostics Market
The molecular diagnostic is a laboratory method for examining the RNA or DNA or other proteins in humans and animals which is used to identify diseases or the predisposition stage . The scope of this diagnostic comprises of the various clinical testing devices, supplies and reagents and which are used in hospitals, commercial laboratories, clinics, reference laboratories and research institutes for identifying disease indications for identifying and monitoring. Veterinary molecular diagnostics provides a number of benefits than the other traditional diagnostic techniques like fast shifting time (within 2.5–3 hours), high test specificity and sensitivity, and better distinction among the birulent and avirulant strains.
- Increase in the expenditure on pet animal
- Increase in incidence of numerous animal diseases
- Increase in the growth of foodborne diseases will act as a major market driver
Segmentation: Global Veterinary Molecular Diagnostics Market
- PCR kits
- INAAT kits
- Microarray kits
- DNA sequencing kits
- Instruments & Software
- Kits & Reagents
By Animal Type
- Companion Animals
- Livestock Animals
By Disease Indication
- Vector-borne Diseases
- Respiratory Pathogens Detection
- Diarrhea Pathogens Detection
- Infectious Diseases
- Veterinary Hospitals
- Clinical Laboratories
- Research Institutes
- North America
- South America
- Middle East and Africa
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Key Developments in the Market:
In Jan 2018, Mars Petcare(U.S.) acquired Genoscoper Laboratories(Finland), a specialist in molecular diagnostics for companion animals. This acquisition will help in accelerate discovery of genetic health markers for companion animals.
Competitive Analysis: Global Veterinary Molecular Diagnostics Market
The global veterinary molecular diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary molecular diagnostics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report:
- Current and future of global veterinary molecular diagnostics market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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