Market Overview:
A molecular diagnostic is a laboratory test that examines DNA, RNA, and other proteins in humans and animals to detect diseases or the predilection level. Veterinary molecular diagnostics have a range of advantages over other conventional diagnostic procedures, including a faster shift time of 2.5–3 hours, improved differentiation, and high test specificity and sensitivity among avirulant and birulent strains. The detection, recognition, and genotyping of pathogens are the primary goals of veterinary molecular diagnostics. These methods are used in veterinary diagnosis to diagnose diseases in individual animals and herds, as well as to determine the disease status of a herd. One of the major factors driving the growth and demand of the veterinary molecular diagnostics market is the rapid increase in the number of veterinary practitioners and the rise in income levels in developed economies. Furthermore, the demand for pet insurance and rising animal welfare spending are both leading to the global market's expansion. In addition, the demand for animal-derived food products and an increase in the incidence of animal zoonotic diseases are boosting the market's growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Trividia Health (United States), IDEXX Laboratories (United States), Abaxis, Zoetis (United States), QIAGEN N.V. (Netherlands), Thermo Fisher Scientific, Neogen (United States), Virbac (France), Biomérieux SA (France) and Randox Laboratories (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics by major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Veterinary Molecular Diagnostics Market Study:
Trividia Health (United States), IDEXX Laboratories (United States), Abaxis, Zoetis (United States), QIAGEN N.V. (Netherlands), Thermo Fisher Scientific, Neogen (United States), Virbac (France), Biomérieux SA (France) and Randox Laboratories (United Kingdom)
In the last few years, Global market of Veterinary Molecular Diagnostics developed rapidly. Major factors driving the market are Rise in Prevalence of Animal Diseases
.
On the basis of product type, the Veterinary Molecular Diagnostics market is segmented by Instruments and Consumables.
On the basis of applications, the Veterinary Molecular Diagnostics market is segmented by Livestock Animals and Companion Animals.
Latest Industry Highlights:
October 2020 – Trividia Health has released a pet-monitoring blood glucose system, Test Buddy, which is meant to help dogs and cats with diabetes. and August 2020 – IDEXX Laboratoriesa global leader in veterinary diagnostics and software, announced the launch of the ProCyte OneHematology Analyzer. The new analyzer's advanced technology delivers breakthrough workflow simplicity and consistent, accurate results at the point of care..
Some of the other players that are also part of study are IDvet (France) and BioChek B.V. (Netherlands). The Global Veterinary Molecular Diagnostics market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Veterinary Molecular Diagnostics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Veterinary Molecular Diagnostics market.
Identification of total players or companies operating in the global market which is further concentrated to a fewer or most impacting players which is considered under the reports scope. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Veterinary Molecular Diagnostics Devices, Suppliers of Veterinary Molecular Diagnostics Devices, Research Institutes and Universities, Medical Device Manufacturers and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.