Global Animal Health Diagnostics Market: Industry Analysis and Outlook (2018-2025) Report provides an extensive research on the fast-evolving Animal Health Diagnostics Market. It also gives competitive landscape of the leading companies with regional and global analysis of the market till 2025.
Animals, like humans, suffer from diseases and hence require proper care from veterinarians, farmers and pet owners. Sixty percent of all human diseases are found to have origin in animals (zoonotic diseases), and therefore, effective prevention and control of infectious diseases is necessary to combat the spread of diseases in animals and humans. Animal health diagnosis, also referred as veterinary diagnosis, is used to detect presence of any disease or other medical issue in animals.
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The report profiles the key players of the market including:
In terms of industry segments, animal health diagnostics market is divided into –
Though, the animal health diagnostic market is filled with a vast number of diagnostic test but these are broadly categorized into definite number of segments.
There are mainly five types of diagnostic tests used on animals that include –
The U.S. is a major contributor to the global animal health diagnostic market supported by increased pet adoption among millennial, higher concentration of key players, increasing pet healthcare expenditure and number of homes with pet.
Clinical chemistry testing has been the most significant segment in the growth of global animal health diagnostic market due to technological improvements in testing methods and its wide applications in small veterinary clinics and hospitals.
The global animal health diagnostic market is expected to grow in future due to –
Increasing Demand for Animal Protein, Rapid Urbanization, Improving Pet Industry and Favorable Demographics for Pet Adoption, And Increasing Disposable Income.
Key trends of this market include –
Increasing Companion Ownership and Rising Incidences of Zoonotic Diseases.
However, there are some factors which can hinder the market growth including legal norms, high cost for development and highly competitive landscape for new entrants.
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