Veterinary Diagnostics Market research report offer:
The global Veterinary Diagnostics market is defined, along with an analysis of several influencing factors like drivers, constraints, opportunities, & challenges.
Market risk analysis & industry trend analysis are also included in the Veterinary Diagnostics market.
The market competition landscape is defined, characterised, & analysed using Porter’s Five Force Analysis & SWOT analysis, with a focus on global primary manufacturers.
Identification and analysis of micro and macro aspects that influence & will influence market growth in the global Veterinary Diagnostics competitive landscape.
A comprehensive list of key market participants in the global Veterinary Diagnostics business.
It gives a descriptive assessment of demand-supply side analysis in the worldwide Veterinary Diagnostics market.
A statistical analysis of certain major economic indicators
The market is described using figures, charts, graphs, & drawings.
COVID-19 Impact on Veterinary Diagnostics market:
In the Veterinary Diagnostics market, the research also reveals exclusive choices, difficult situations, & problematic scenarios. A series of concepts will aid readers in making decisions & strategizing for their future chances. Our challenges, adversity, and market concerns let our readers realise how businesses might save them. The novel coronavirus illness (COVID-19) problem is wreaking havoc on all service & manufacturing businesses due to severe declines in demand. The majority of workforces in this arena are at risk. As an outcome, a considerable number of originalities have shut down.
The global crisis has impacted every industry. COVID-19’s market impact has been closely monitored by our analysts. A separate section of the report focuses on the setbacks which happened throughout the crisis.
Get access to a free copy of our latest sample report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=26017452
Introduction of the global Veterinary Diagnostics Market:
The intangible facts surrounding the key restraints, opportunities, & risks that are anticipated to affect the industry’s development during the forecast period are investigated in the Veterinary Diagnostics Market report (2022-2026). Other assessments, like supply & demand, imports & exports, distribution networks, consumption, and production capacity, are all important in giving business owners, stakeholders, & field marketers a competitive edge over competitors in the same arena. Furthermore, the research evaluates the Veterinary Diagnostics market competitors’ flaws & strengths in several categories. For business owners to establish real business plans, they must analyse previous & future major trends which are actively contributing to the growth of the Veterinary Diagnostics industry.
A complete analysis of the global Veterinary Diagnostics industry, as well as market segmentation by product type, applications, end-use, & region, is included in the report. The report includes a historical market dynamics analysis from 2022 to 2026, which will help readers compare past trends to current market scenarios, as well as key player contributions.
Regional Insights on Veterinary Diagnostics market:
The several sections on regional segmentation provide information on the regional characteristics of the global Veterinary Diagnostics Market. This chapter discusses the regulatory environment that will have an impact on the global market. It highlights the market’s political landscape & anticipates its impact on the worldwide Veterinary Diagnostics industry. Global brands’ presence and availability, as well as the problems they face from fierce competition from local & domestic brands, the influence of domestic tariffs, and trade channels, are all considered. The Veterinary Diagnostics report examines the five areas & their distribution by country:
North America – (U.S., Canada, and Mexico)
Europe – (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)
Asia Pacific – (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
Middle East & Africa – (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)
South America – (Brazil, Argentina, Colombia, and Rest of South America)
Get access to a free copy of our latest Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=26017452
Segmentation:
In the last ten years, pet care costs have increased significantly. According to the APPA 2019 report, veterinary care is the second-highest source of spending in the pet care community. The US, for example, spent over USD 18.11 billion on veterinary care in 2018, a growth of 6.1% over the previous year. This is expected to reach USD 19.98 billion in 2019. PetMD also reported that low-to-medium pet care costs had reached USD 250 to USD 4,500 in veterinary practices, with a high-end procedure priced anywhere between USD 5,000 and USD 20,000. According to the APPA National Pet Owners Survey 2019–2020, the average household in the US spent USD 212 on routine vet visits for dogs and USD 160 for cats in 2019. The average range of diagnostic revenue per clinical visit in the US was around USD 85‒90 in 2020. This is mainly due to the availability of advanced monitoring, diagnostic, and therapeutic procedures in veterinary practices, which, though effective, come with high price tags. Advanced products and procedures play a significant role in treatments; however, the cost of materials and equipment used in these procedures is very high. For instance, diagnostic procedures for identifying sensitivity to antimicrobials, or the presence of infection using PCR or any other advanced technologies, are costlier than the actual treatment. Hence, pet owners and veterinarians are reluctant to invest so much for diagnostic purposes.
Opportunity: Untapped emerging markets
Emerging countries like India and China have robust livestock markets. According to the Livestock Production Statistics of India 2018, India is one of the largest milk producers (20.17% of the global production), followed by the US, China, Brazil, and Pakistan. According to the USDA Foreign Agricultural Service in 2017, China is the fourth-largest beef producer in the world. Beef production in China is estimated at 7.3 million metric tons. According to the FAO, China was the world’s largest hog producer and pork consumer. Pork consumption increased from 28.3 kg per person in 2012 to 34.2 kg per person in 2019.
The emerging economies are expected to become a focal point for the growth of the veterinary diagnostics market. The Asia Pacific, Middle Eastern, and Latin American regions are relatively untapped markets for companies compared to Europe and North America. Large poultry and dairy animal populations in these emerging markets are expected to drive the growth of the veterinary health market. Currently, the number of veterinarians in emerging markets is on the rise. Moreover, many veterinary practices are adopting technologically advanced solutions commonly used by veterinarians in developed economies. Thus, with a surge in the companion animal population, growing demand for veterinary services from the livestock industry, and growing companion animal health expenditure, emerging countries across APAC and Latin America are expected to offer significant growth opportunities for the market.
Challenge: Shortage of veterinary practitioners in developing countries
The global animal healthcare industry is marked by a shortage of skilled veterinarians and pathologists. This is particularly evident in the emerging markets across the APAC and Latin America, which show a huge gap in the demand and supply of veterinary professionals. According to the World Animal Health Information Database (2017), there were 180,821 veterinary professionals in India. The general norm is to have at least one veterinary doctor for every 5,000 animals. According to the Vet Extension (2018), India’s total livestock population was 512.05 million; this translates into a requirement of 60,000 veterinarians catering to bovine animals alone. The demand will further increase if poultry, sheep, goats, pigs, and other animals are considered. Currently, the lack of skilled veterinarians and diagnostic infrastructure, especially in developing countries, is one of the major factors limiting the uptake of advanced diagnostic solutions among veterinarians.
Key Players:
Some of the major market players in the veterinary diagnostics market include IDEXX Laboratories, Inc. (US), Zoetis, Inc. (US), Heska Corporation (US), Thermo Fisher Scientific Inc. (US), NEOGEN Corporation (US), Bio-Rad Laboratories Inc. (US), bioMérieux SA (France), Virbac (France), Agrolabo S.p.A. (Italy), INDICAL BIOSCIENCE GmbH (Germany), Randox Laboratories Ltd. (Ireland), IDvet (France), Biopanda Reagents (UK), Bionote, Inc. (South Korea), BioChek (Netherlands), Fassisi GmbH (Germany), Biogal Galed Labs (Israel), Alvedia (France), SKYER, Inc. (South Korea), and Shenzhen Bioeasy Biotechnology Co., Ltd. (China).
Will You Have Any Questions About This Report? Please Contact Us On:
https://www.marketsandmarkets.com/Market-Reports/veterinary-diagnostics-market-26017452.html
