Global Veterinary Point of Care Diagnostics Market was valued at USD 3.5 billion in 2018 which is expected USD 5.88 billion by 2027 at a CAGR 6.5%.
Veterinary points of diagnostic are tests that assist in recognizing and determining several diseases in animals. These tests are carried by using various methods that use their blood, urine, tissue and other samples. The new technologies are invented for human diagnostics are also used widely in veterinary point of care diagnostics.
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Increase in demand for pet insurance as well as pet adoption is the key driving factor which is expected to boost the global veterinary point of care diagnostics market growth. Furthermore, increase in disposable level, increasing order for animal-derived food products and rise in investments in animal healthcare spending which is expected to propel the growth of global veterinary point of care diagnostics market during this forecast period. Moreover, rise in foodborne and zoonotic diseases across the globe which is expected to fuel the global veterinary point of care diagnostics market growth.
However, lack of animal healthcare awareness is expected to hamper the global veterinary point of care diagnostics market growth. Also, high pet care cost will affect the growth of global veterinary point of care diagnostics market growth.
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The report also ensure an analysis of the market by allowing a comprehensive view of the Veterinary Point of Care Diagnostics market and its associated components by engaging a set of standards. Factors such as government expenditure, economic growth, supply chains, and distribution channels are scrutinized in order to relay precise information. Using bottom-up & top-down approaches, market-size validation, and estimation has been performed to collect data from the supply side. Also, analysis of the data has been done by using a precise research framework which is suited to the target market. This framework works as a research standard, providing tools to create market reports.
Various key players are discussed in this report such as LifeAssays AB, Diagon , Bionote, Inc, Biogal, Galed Labs. Acs Ltd., Thermo fisher Scientific, Inc, Abaxis,and IDEXX Laboratories
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