Veterinary Diagnostics Market Trends, Size, Share & Analysis 2019-2017-Inkwood Research - PowerPoint PPT Presentation

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Veterinary Diagnostics Market Trends, Size, Share & Analysis 2019-2017-Inkwood Research

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he global market for veterinary diagnostic is estimated to progress at 7.71% CAGR throughout 2019-2027 and will generate revenue of $5,129 million by the end of 2027. The heavy demand for livestock products is partly responsible for the steady increase in market growth over the years.Know more @ – PowerPoint PPT presentation

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Title: Veterinary Diagnostics Market Trends, Size, Share & Analysis 2019-2017-Inkwood Research


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VETERINARY DIAGNOSTICS MARKET
FORECAST 2019-2027
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  • The diagnosis, treatment and prevention of
    diseases or other conditions in animals falls
    under the category of veterinary diagnostic
    services.
  • The aim is to detect the underlying pathogenesis
    responsible for the disease/disorder associated
    with the companion animals and livestock,
    increase the production of livestock products
    effectively saving the budget, and to keep a
    check on both the domestic animals wildlife to
    human transmission of various diseases.
  • The global market for veterinary diagnostic is
    estimated to progress at 7.71 CAGR throughout
    2019-2027 and will generate revenue of 5,129
    million by the end of 2027. The heavy demand for
    livestock products is partly responsible for the
    steady increase in market growth over the years.

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  • Veterinary diagnostics have incorporated
    technologies and methods gained from human
    diagnostics and mainstream healthcare services to
    develop a fully-fledged co-dependent market that
    remains open to further innovation.
  • The market is primarily driven by increasing
    veterinary care expenditures and the introduction
    of novel veterinary diagnostic instruments.
  • The technology and product of the veterinary
    diagnostic market are used extensively for many
    purposes. Microfluidics, miniaturization and
    information technology (IT) features are
    supporting the development and widespread
    commercialization of point-of-care (POC) and
    decentralized IVD devices used outside of the
    traditional clinical laboratory environment.
  • This has resulted in the progress of companion
    animal care as POC and granted permits to the
    veterinarians to carry out accurate in-clinic
    testing, subsequently shortening the time to
    results and allowing direct billing for
    additional revenue.

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The global market for veterinary diagnostic is
estimated to progress at 7.71 CAGR throughout
2019-2027 and will generate revenue of 5,129
million by the end of 2027.
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Technological advancements for a specific
diagnosis for animal diseases are responsible for
propelling the market at 7.34 CAGR during the
forecasting years of 2019-2027.
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The European veterinary diagnostic market has
been predicted to rise its CAGR by 7.65 during
the tenure of 2019-2027.
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The veterinary diagnostic market of the Asia
Pacific region is predicted to grow at a CAGR of
8.38 during the forecasting years of 2019-2027.
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The extensiveness of the product portfolio,
research and development expenditure and the
geographical presence of the companies
established and contributing to the global
veterinary diagnostic market have been
progressive by leaps. Some of these companies
operating in the global economy are Thermo Fisher
Scientific Inc., Zoetis Inc., Bio-Rad
Laboratories, Inc., Horiba, Ltd., Biomedica, ID
Vet, Alvedia, Heska Corporation, Qiagen N.V.,
Neogen Corporation, Fujifilm Europe GmbH, Idexx
Laboratories, Inc., Acon Laboratories, Inc.,
Sysmex Corporation and Henry Schein, Inc. (U.S.).
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