Veterinary Diagnostics Market report provides detailed information regarding various insights of the industry. Some of them are growth drivers, hindrances, competitive landscape, regional analysis, and challenges.
The Global Veterinary Diagnostics Market is likely to expand in the coming years, according to a report published by Fortune Business Insights, titled “Veterinary Diagnostics Market Size, Share and Global Trend By Animal Type (Livestock, Companion), By Product (Instruments, Consumables), By Modality (Molecular Diagnostics, Diagnostic Imaging, Hematology Analyzers, Immunodiagnostic Tests,Clinical Biochemistry), By End User (Veterinary Hospitals, Veterinary Clinics) and Geography Forecast till 2026”.
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Key Players Operating in The Veterinary Diagnostics Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
Increasing Pet Ownership to Ramp up Demand
The veterinary diagnostics market growth is premised on the increasing demand and ownership of pets. Pet animals such as dogs and cats provide a sense of emotional comfort and are known to keep households lively. These animals are especially demanded by old people, resulting in pet ownership rising at an astonishing rate. For example, the American Veterinary Medical Association estimates that the overall pet population in 2016 was 77 million dogs and 58 million cats, with 57% of American households owning a pet. According to the India International Pet Trade Fair, in India, pet population has spiked from 7 million in 2006 to 10 million in 2011. Veterinary diagnostic techniques, therefore, are being increasingly demanded as having pets also exposes family members to various zoonotic diseases. Moreover, the necessity for accurate diagnosis is boosting the popularity of immunohistochemistry technology, as pointed out by veterinary diagnostics market trends, giving it a share of 24.3% till 2026.
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To view the original version on The Express Wire visit Veterinary Diagnostics Market 2020 Industry Size, Global Trends, Share, Development, Insights and Forecast Research Report 2026