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Title: Veterinary Diagnostics Market worth 6.71 Billion USD by 2021


1
MarketsandMarkets Presents
  • Veterinary Diagnostics Market 

2
  • The global veterinary diagnostics market is
    estimated to grow at a CAGR of 8.6 from 2016 to
    2021 to reach USD 6.71 Billion by 2021. Factors
    such as growing demand for pet insurance and
    rising animal health expenditure, increasing
    demand for animal-derived food products,
    innovation in veterinary diagnostics, growth in
    the number of veterinary practitioners and their
    income levels in developed economies, and
    increasing incidence of zoonotic diseases are the
    major factors driving the growth of the global
    market. However, high cost of the diagnostic
    imaging instruments and increasing pet care costs
    may hinder the growth of this market to a certain
    extent.

3
http//www.marketsandmarkets.com/Market-Repor
ts/veterinary-diagnostics-market-26017452.html
In this report, the veterinary diagnostics
market is segmented on the basis of product,
technology, animal type, and region. On the basis
of product, the market is segmented into
consumables, instruments, and services. Based on
the technology the market is segmented into
diagnostic imaging, clinical chemistry,
immunodiagnostics, hematology, and molecular
diagnostics. The diagnostic imaging segment
accounted for the largest share of the market in
2015, owing to its wide application in companion
animals as well as livestock. On the basis of
animal type, the market is segmented into
companion animals and food-producing animals.
4
  • Geographically, the global veterinary diagnostics
    market is segmented into North America, Europe,
    Asia-Pacific, and the Rest of the World. In 2015,
    North America commanded a major share of the
    market. However, Asia-Pacific is expected to
    witness the highest growth rate during the
    forecast period. Growth in the Asia-Pacific
    market can be attributed to rising companion
    animal population, increase in the demand for
    animal-derived food products and increasing
    adoption of diagnostic products for diagnosis and
    treatment of animals.
  • Some of the prominent players in the veterinary
    diagnostics market include IDEXX Laboratories,
    Inc. (U.S.), VCA, Inc. (U.S.), ABAXIS, Inc.
    (U.S), Heska Corporation (U.S.), Zoetis, Inc.
    (U.S.), Neogen Corporation (U.S.), Thermo Fisher
    Scientific, Inc. (U.S.), ID.Vet (France), Virbac
    (France), Mindray Medical Internationals Ltd.
    (China), GE Healthcare (U.K), and AGFA Healthcare
    (Netherlands).

5
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6
About MarketsandMarkets
MarketsandMarkets is a global market research and
consulting company based in the U.S. We publish
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