Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact email@example.com.
SOURCE Research and Markets
DUBLIN, May 8, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/tvnc9k/veterinary) has announced the addition of the "Veterinary Diagnostics Market by Products & by Animals - Global Forecast to 2018" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
This market is mainly driven by the growing incidences of disease outbreaks, increasing companion animal market, and the increasing incidences of zoonotic diseases. Increasing awareness about animal health, increasing per capita income in emerging countries, and the antimicrobial resistance bacteria also significantly contribute in the growth of the market. The future market growth is dampened by several other factors such as lower animal health expenditure due to economic downturn, and the growing adoption of vegetarian food due to the increasing prevalence of chronic diseases like high cholesterol.
The global market is segmented by product, type of animal, end user, and geography. The veterinary diagnostics market is segmented, by products, broadly into clinical chemistry, hematology analyzers, molecular diagnostics, and immunodiagnostics. The animal market is segmented into companion animal and food-producing animal. The companion animal market covers dogs, cats and horses. Food-producing animal market includes into poultry, cattle, swine, and others (fish, sheep, and goat).
The market is further analyzed by end users. The report covers details about various end users of veterinary diagnostics in reference laboratories, hospitals and clinics, universities/research institutes, and point-of-care.
The total market is further divided into four major geographies, North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further analyzed at country level. The research report discusses about the key market drivers, restraints, and opportunities of the global market and its submarkets.
In 2013, the clinical chemistry segment commanded the largest share of the global market. Clinical chemistry segment will continue to dominate this market by 2018, growing at a moderate CAGR during the forecast period. A majority share of this growth can be attributed to widening applications of various clinical assays in veterinary diagnostics industry. Furthermore, rising demand for clinical diagnostic tests for food-producing animals is also expected to drive the growth of the market
North America contributes to the largest share to the global veterinary diagnostics market, followed by Europe, Asia-Pacific, and RoW. During the forecast period, the developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asian market. The APAC region is expected to have the fastest market growth during the forecast period, largely driven by the increasing per-capita income and the increasing awareness about the animal health in pet owners.
The major players in the veterinary diagnostics market include IDEXX Laboratories (U.S.), VCA Antech Inc. (U.S.), Abaxis Corporation (U.S.), Heska Corporation (U.S.), Zoetis Inc. (U.S.), Mindray Medical (China), Neogen Corporation (U.S.), and Thermo Fisher Scientific Inc. (U.S.).
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Veterinary Diagnostics Market, By Product
6 Global Veterinary Diagnostics Market, By Type Of Animal
7 Veterinary Diagnostics Market, By End User
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/tvnc9k/veterinary
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
©2012 PR Newswire. All Rights Reserved.