Dublin, Feb. 14, 2019 (GLOBE NEWSWIRE) -- The "Veterinary Diagnostics Market by Product, Technology, Animal, End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global veterinary diagnostics market is estimated to grow at a CAGR of 9.3% from 2017 to 2022, to reach USD 3.62 billion by 2022 from USD 2.31 billion in 2017.

The growth of this market is mainly attributed to rising demand for animal-derived food products, growing demand for pet insurance, rising animal health expenditure, increasing incidence of zoonotic diseases, increasing awareness about animal healthcare, and increase in the number of veterinary practitioners and their growing income levels. Untapped emerging economies such as China and India offer significant growth opportunities. However, rising pet care costs may hinder the growth of this market to a certain extent. In this report, the veterinary diagnostics market is segmented on the basis of product, technology, animal type, end user, and region. Based on product, the market is segmented into consumables and instruments. The consumables segment accounted for the largest share of the global market in 2016. The large share of this segment is mainly attributed to the increasing adoption of diagnostic consumables such as reagent clips and cartridges, immunodiagnostic test kits, PCR test kits, blood glucose strips, urine glucose strips, and other consumables. Geographically, the global market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2016, North America commanded a major share of the veterinary diagnostics market. This is mainly due to the increasing adoption of companion animals, growing pet insurance purchases, increasing demand for animal-derived food products, and rising veterinary healthcare expenditure in the region. However, Asia-Pacific is expected to register the highest growth during the forecast period. Growth in the Asia-Pacific market can be attributed to rising companion animal ownership, rising awareness about animal health, increase in demand for animal-derived food products, and growing per capita animal health expenditure. Some of the prominent players in the veterinary diagnostics market include IDEXX Laboratories, Inc. (U.S.), Abaxis, Inc. (U.S.), Neogen Corporation (U.S.), Heska Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Zoetis, Inc. (U.S.), QIAGEN N.V. (Netherlands), IDVet (France), and Virbac (France).

Key Topics Covered:

1 Veterinary Diagnostics Market: Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Scope of the Study 1.4 Currency 1.5 Limitations 1.6 Stakeholders 2 Veterinary Diagnostics Market: Research Methodology 2.1 Research Data 2.2 Market Size Estimation 2.3 Market Breakdown and Data Triangulation 2.4 Market Share Estimation 2.5 Assumptions for the Study 3 Veterinary Diagnostics Market: Executive Summary 4 Veterinary Diagnostics Market: Premium Insights 4.1 Veterinary Diagnostics Market Overview 4.2 Asia Pacific: Veterinary Diagnostics Market, 2017 4.3 Veterinary Diagnostics Market: Geographic Growth Opportunities 4.4 Veterinary Diagnostics Market: Geographic Mix 4.5 Veterinary Diagnostics Market: Developing vs Developed Countries/Regions 5 Veterinary Diagnostics Market: Overview 5.1 Introduction 5.2 Market Dynamics 5.3 Key Market Drivers 5.3.1 Growth in Companion Animal Population 5.3.2 Growing Prevalence of Animal Zoonotic Diseases 5.3.3 Rising Demand for Animal-Derived Food Products 5.3.4 Rising Demand for Pet Insurance & Growing Animal Health Expenditure 5.3.5 Growth in the Number of Veterinary Practitioners and Income Levels in Developed Economies 5.4 Key Market Restraints 5.4.1 Increasing Pet Care Costs 5.5 Key Market Opportunities 5.5.1 Untapped Emerging Markets 5.6 Key Challenges 5.6.1 Lack of Animal Healthcare Awareness in Emerging Markets 5.6.2 Shortage of Veterinarians in Emerging Markets 6 Veterinary Diagnostics Market: Industry Insights 6.1 Introduction 6.2 Industry Trends 6.2.1 Development of Portable Instruments for Poc Diagnostic Services 6.2.2 Development of Rapid and Sensitive Veterinary Diagnostic Kits 6.2.3 Growing Consolidation in the Veterinary Diagnostics Industry 7 Veterinary Diagnostics Market, By Product 7.1 Introduction 7.2 Instruments 7.3 Consumables 8 Veterinary Diagnostics Market, By Technology 8.1 Introduction 8.2 Immunodiagnostics 8.2.1 Lateral Flow Assays 8.2.1.1 Lateral Flow Rapid Tests 8.2.1.2 Lateral Flow Strip Readers 8.2.2 Elisa Tests 8.2.3 Allergen-Specific Immunodiagnostic Tests 8.2.4 Immunoassay Analyzers 8.2.5 Other Immunodiagnostic Products 8.3 Clinical Biochemistry 8.3.1 Clinical Chemistry Analysis 8.3.1.1 Clinical Chemistry Reagent Clips and Cartridges 8.3.1.2 Clinical Chemistry Analyzers 8.3.2 Glucose Monitoring 8.3.2.1 Blood Glucose Strips 8.3.2.2 Glucose Monitors 8.3.2.3 Urine Glucose Strips 8.3.3 Blood Gas & Electrolyte Analysis 8.3.3.1 Blood Gas and Electrolyte Reagent Clips and Cartridges 8.3.3.2 Blood Gas & Electrolyte Analyzers 8.4 Molecular Diagnostics 8.4.1 Polymerase Chain Reaction (PCR) Tests 8.4.2 Microarrays 8.4.3 Other Molecular Diagnostic Products 8.5 Hematology 8.5.1 Hematology Cartridges 8.5.2 Hematology Analyzers 8.6 Urinalysis 8.6.1 Urinalysis Clips & Cartridges/Panels 8.6.2 Urine Analyzers 8.6.3 Urine Test Strips 8.7 Other Veterinary Diagnostic Technologies 9 Veterinary Diagnostics Market, By Animal Type 9.1 Introduction 9.2 Companion Animals 9.2.1 Dogs 9.2.2 Cats 9.2.3 Horses 9.2.4 Other Companion Animals 9.3 Livestock Animals 9.3.1 Cattle 9.3.2 Pigs 9.3.3 Poultry 9.3.4 Other Livestock Animals 10 Veterinary Diagnostics Market, By End User 10.1 Introduction 10.2 Reference Laboratories 10.3 Veterinary Hospitals & Clinics 10.4 Point-Of-Care/In-House Testing 10.5 Research Institutes & Universities 11 Veterinary Diagnostics Market, By Region 11.1 Introduction 11.2 North America 11.2.1 US 11.2.2 Canada 11.3 Europe 11.3.1 Germany 11.3.2 UK 11.3.3 France 11.3.4 Italy 11.3.5 Spain 11.3.6 Rest of Europe 11.4 Asia Pacific 11.4.1 China 11.4.2 Japan 11.4.3 India 11.4.4 Rest of APAC 11.5 Latin America 11.5.1 Brazil 11.5.2 Mexico 11.5.3 Rest of Latin America 11.6 Middle East and Africa 12 Veterinary Diagnostics Market: Competitive Landscape 12.1 Introduction 12.2 Growth Strategy Matrix 12.3 Product Portfolio Matrix 12.4 Market Share Analysis 12.5 Competitive Situations and Trends 12.5.1 Product Launches 12.5.2 Mergers and Acquisitions 12.5.3 Agreements, Partnerships, and Collaborations 12.5.4 Expansions 13 Company Profile 13.1 Idexx Laboratories 13.2 Abaxis, Inc. 13.3 Zoetis, Inc. 13.4 Qiagen N.V. 13.5 Thermo Fisher Scientific 13.6 Neogen Corporation 13.7 Heska Corporation 13.8 Virbac 13.9 Biomrieux SA 13.10 Idvet 13.11 Randox Laboratories, Ltd.

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