Animal health diagnostics market Is Expected To Witness Huge Demand With A CAGR of 8% by 2032

The global size for Animal health diagnostics market reached USD 1.84 Billion in 2022 and is anticipated to attain USD 3.68 Billion by 2032, with a projected revenue Compound Annual Growth Rate (CAGR) of 8% throughout the forecast period. Key drivers for the market’s revenue expansion include the escalating incidence of animal diseases, a growing demand for pet insurance, and increased public awareness of animal health. Additionally, advancements in veterinary molecular diagnostics technologies contribute to the market’s revenue growth.

 

A significant contributor to the revenue growth of the Animal health diagnostics market is the increasing prevalence of animal diseases. The heightened occurrence of various disorders in animals, such as zoonotic diseases, foodborne illnesses, and bacterial infections, is propelling the need for molecular diagnostics in the veterinary field. Another influential factor fostering market revenue growth is the global surge in pet adoption, posing an elevated risk of animal diseases.

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Major Points covered in this report are as below:

• An analysis of Veterinary Molecular Diagnostic industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.

• In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.

• In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.

• This report provides information on the market status of Veterinary Molecular Diagnostic manufacturers and provides valuable insight into the market for companies and individuals.

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Market Overview:

In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.

Key Players covered in this report are

• Zoetis Inc.
• IDEXX Laboratories Inc.
• Thermo Fisher Scientific Inc.
• Bio-Rad Laboratories, Inc.
• Virbac
• Heska Corporation
• Agfa-Gevaert N.V.
• QIAGEN N.V.
• VCA Inc.
• Neogen Corporation
• GenMark Diagnostics, Inc.

Based on Product Type market is segmented into:

• PCR Kits
• Microarrays
• Others

Based on Disease Type market is segmented into:

• Infectious Diseases
• Genetic Diseases
• Others

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Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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