According to the latest study on “Companion Animal Diagnostics Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Technology, Application, Animal Type, and End User", the global companion animal diagnostics market was valued at US$ 2,031.62 million in 2019 and is projected to reach US$ 2,684.86 million by 2027; it is expected to grow at a CAGR of 4.1% during 2020–2027. The report highlights trends prevailing in the global companion animal diagnostics market and the factors driving market along with those that act as hindrances.
The following manufacturers are covered: Zoetis Inc., Thermo Fisher Scientific Inc., Virbac, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Randox Laboratories, Ltd., Idvet, IDEXX Laboratories, Inc., Heska Corporation, Fujifilm Corporation, Skyla Corporation and more
The companion animal diagnostics market is expected to grow owing to factors such as growing prevalence of chronic diseases in pet animals and increasing adoption of pets for companionship. However, increasing pet care costs and extended pet lifespan are likely to restrain the growth of the market during the forecast period.
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The report segments global companion animal diagnostics Market as follows:
By Technology
Immunodiagnostics
- Lateral Flow Assays
- Elisa Tests
- Allergen-Specific Immunodiagnostic Tests Diagnostics
- Immunoassay Analyzers
Clinical Biochemistry
- Clinical Chemistry Analysis
- Glucose Monitoring
Blood Gas Electrolyte Analysis
- Hematology
- Urinalysis
- Molecular Diagnostics
- Others
By Application
- Bacteriology
- Clinical Pathology
- Virology
- Parasitology
- Others
By Animal Type
- Dogs
- Cats
- Horses
- Others
By End User
- Diagnostic Laboratories
- Veterinary Hospitals and Clinics
- Research Institutes and Universities
Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the “Companion Animal Diagnostics” market.
- Key market trends cracking up the growth of the “Companion Animal Diagnostics” market.
- Challenges to market growth.
- Key vendors of “Companion Animal Diagnostics” market.
- Detailed SWOT analysis.
- Opportunities and threats face by the existing vendors in Global “Companion Animal Diagnostics” market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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