Global Veterinary Diagnostic Equipment Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Veterinary Diagnostic Equipment Market Report by The Business Research Company covers veterinary diagnostic equipment market drivers and restraints, veterinary diagnostic equipment market size, major players, and the impact of COVID-19 on the veterinary diagnostic equipment market.
The veterinary diagnostic equipment market consists of sales of veterinary diagnostic equipment and related services. Veterinary diagnostic equipment assists the veterinary practitioners in determining and identifying various disorders in animals. Veterinary diagnostic equipment industry includes companies that manufacture diagnostic equipment such as clinical thermometers, diagnostic lights, X-ray equipment, and certain diagnostic test kits.
Increase in the prevalence rate of diseases among animals serves as one of the major drivers of the veterinary diagnostic equipment market. Due to increase in the incidence of diseases in livestock and pets, the demand for enhanced diagnostic equipment increases.
The global veterinary diagnostic equipment market is expected to grow from $0.74 billion in 2020 to $0.88 billion in 2021 at a compound annual growth rate (CAGR) of 18.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.13 billion in 2025 at a CAGR of 6.5%.
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Some veterinary diagnostic equipment market trends include manufacturers introducing advanced technologies such as advance blood micro sampling techniques to enable enhanced precision, patient-centered specimen collection and diagnosis of diseases in animals. Blood micro sampling is a technique that allows the participants to draw blood samples from their livestock and companion animals with ease. The samples are then forwarded to labs for further diagnosis. This technique is an extension to dry blood sampling, which is a method of collecting blood.
Global veterinary diagnostic equipment market segments include:
1) By Product: Hematology, Immunodiagnostics, Clinical Chemistry, Molecular Testing.
2) By End Users: Hospitals & Clinics, Reference Laboratories, Universities/Research Centers, Point-Of-Care/In-House Testing.
3) By Animal: Livestock Cattle, Domestic Pets.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Veterinary Diagnostic Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides veterinary diagnostic equipment market overviews, analyzes and forecasts market size, share, veterinary diagnostic equipment market players, veterinary diagnostic equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The veterinary diagnostic equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Veterinary Diagnostic Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: IDEXX Laboratories, ABAXIS, HESKA Corporation, Zoetis, Virbac, Mindray Medical International Ltd., Neogen Corporation, QIAGEN N.V., Agfa Healthcare, Toshiba, Carestream Health, MinXray, Diagnostic Imaging Systems, BCF Technology, Sedecal , Kaixin, Esaote, Pfizer, Thermo Fisher Scientific, Henry Schein, Idvet, bioMérieux SA, Randox Laboratories Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Veterinary Diagnostic Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Veterinary Diagnostic Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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