Animal Health Diagnostics Market is to grow by USD 1.96 billion from 2022 to 2027- Technavio

NEW YORK, Nov. 8, 2023 /PRNewswire/ -- The

animal health diagnostics market is expected to grow by

USD

1.96 billion from 2022 to 2027. In addition, the momentum of the market will progress at a

CAGR of 9.63% during the forecast period, according to Technavio Research. The market has been segmented by type (livestock and companion), end-user (veterinary hospitals, veterinary clinics, and diagnostic centers), and geography (North America, Europe, Asia, and Rest of the World (ROW)).

North America is projected to contribute

58% by 2027. The growing humanization of dogs and cats is a major factor driving the Americas market.

This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read PDF Sample Report

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Technavio has announced its latest market research report titled Global Animal Health Diagnostics Market 2023-2027

Company Profile:

Bio Rad Laboratories Inc., Bio X Diagnostics SA, BioNote Inc., Eurofins Scientific SE, Eurolyser Diagnostics GmbH, FUJIFILM Corp., Heska Corp., Id Vet India Pvt. Ltd., IDEXX Laboratories Inc., INDICAL Bioscience GmbH, Neogen Corp., Randox Laboratories Ltd., Shenzhen Mindray BioMedical Electronics, SWISSAVANS AG, Teco Diagnostics, URIT Medical Electronic Co. Ltd., VCA Inc., Virbac Group, Zoetis Inc., and Thermo Fisher Scientific Inc.

Bio Rad Laboratories Inc. - The company offers animal health diagnostics such as Antimicrobial Susceptibility Testing and rabies Diagnosis Testing.

To gain access to more company profiles available with Technavio, buy the report!

Animal Health Diagnostics Market: Segmentation Analysis

The animal health diagnostics market share growth by the

livestock segment will be significant during the forecast period.  As it provides a source of income, food supply, asset preservation, employment opportunities, and livelihoods, cattle play an essential role in economics and social aspects, particularly for rural households.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio

Animal Health Diagnostics Market: Market Dynamic

Key Driver

Increase in pet humanization

Rising awareness about zoonotic diseases

Increasing dependency on livestock products

The increase in pet humanization is a key factor driving market growth. Humanizing is when you treat your pet as a family member. The number of pets being kept for functional purposes is decreasing with the Millennial generation.

Major Trend

The growing preference for health monitors is a major trend in the global animal health diagnostics market.

Identify key trends, drivers, and challenges in the market. Download a sample report to gain access to this information.

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What are the key data covered in this animal health diagnostics market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the animal health diagnostics market between 2022 and 2027.

Precise estimation of the animal health diagnostics market size and its contribution to the market in focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the animal health diagnostics market in North America, Europe, Asia, and ROW

A thorough analysis of the market's competitive landscape and detailed information about companies

Comprehensive analysis of factors that will challenge the growth of animal health diagnostics market companies.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com

SOURCE Technavio

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