The Veterinary Infectious Disease Diagnostics by The Business Research
Company provides market overview across 60+ geographies in the seven
regions - Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, the Middle East, and Africa, encompassing 27 major global
industries. The report presents a comprehensive analysis over a
ten-year historic period (2010-2021) and extends its insights into a
ten-year forecast period (2023-2033).
Learn More On The Veterinary Infectious Disease Diagnostics Market:
https://www.thebusinessresearchcompany.com/report/veterinary-infectious-disease-diagnostics-global-market-report
According to The Business Research Company’s Veterinary Infectious
Disease Diagnostics , The veterinary infectious disease diagnostics
market size has grown strongly in recent years. It will grow from $1.77
billion in 2023 to $1.95 billion in 2024 at a compound annual growth
rate (CAGR) of 9.9%. The growth in the historic period can be
attributed to increasing pet ownership, rising awareness, government
initiatives.
The veterinary infectious disease diagnostics
market size is expected to see strong growth in the next few years. It
will grow to $2.82 billion in 2028 at a compound annual growth rate
(CAGR) of 9.7%. The growth in the forecast period can be attributed to
emerging diseases, increased research and development, globalization of
veterinary practices, growing livestock population. Major trends in the
forecast period include technological innovations, rapid adoption of
point-of-care testing, integration of molecular diagnostics,
digitalization in veterinary healthcare, expansion of product
portfolios, collaborations and partnerships, customized diagnostics for
different animal species.
The increasing incidence of
transboundary and zoonotic diseases such as rabies is expected to propel
the growth of the veterinary infectious disease diagnostics market
going forward. Zoonoses are diseases and infections that are transferred
spontaneously between humans and vertebrate animals. Veterinary
infectious disease diagnostics are used to detect rabies in pets and
animals. These devices are used to prevent animals from causing death.
For instance, in 2021, according to the World Health Organization (WHO),
a Swiss-based government agency, rabies disease was found in over 150
nations and territories. Dogs are the most common source of human rabies
deaths, accounting for up to 99% of all rabies transmissions. Children
under the age of 15 make up 40% of those bitten by suspected rabid
animals. Infection kills tens of thousands of people every year, mostly
in Asia and Africa. Therefore, the increasing incidence of transboundary
and zoonotic diseases is driving the growth of the veterinary
infectious disease diagnostics market.
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The veterinary infectious disease diagnostics market covered in this report is segmented –
1) By Infection Type: Viral Infections, Bacterial Infections, Parasitic Infections, Other Infections
2) By Animal Type: Companion Animal, Food-Producing animals
3) By Technology: Immunodiagnostics, Molecular Diagnostic, Other Technologies
4) By End User: Reference Laboratories, Veterinary Hospitals and
Clinics, Point of Care, Research Institutes and Universities, Other End
Users
Technological advancements have emerged as the key trend
gaining popularity in the veterinary infectious disease diagnostics
market. Major companies operating in the veterinary infectious disease
diagnostics market are introducing new technological innovations to
sustain their position in the market. For instance, in February 2022,
Merck Animal Health, a US-based company specializing in the development
of animal drugs, launched SenseHub Feedlot based on electronic ear tag
technology. The SenseHub Feedlot is composed of a reusable ear tag and
an installed antenna and an infrared thermistor that can collect, save,
and share information from a gateway to a data platform. SenseHub
Feedlot is a technology-enabled solution that detects illness more
quickly, reliably diagnoses a disease, and detects illness earlier to
effectively manage pain in cattle than by ocular inspection.
The veterinary infectious disease diagnostics market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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