The global veterinary diagnostics market is attracting demand various veterinary diagnostics which includes factors such as-

• Increased adoption of advanced technologies to diagnose the disease

• Increased demand for meat and dairy products

• Rising demand for minimal invasive diagnostics methods

• Increase in pet adoption and companion animals are fueling the market growth of veterinary diagnostics.

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Market summary:

Veterinary diagnostics devices market is filled with handful of market players with majority market share. With key strategies such as acquisitions, mergers, collaborations, product launches and innovations are highly adopted which are fueling the market growth. In order to maintain their market position, companies are investing in robust R&D activities for product innovations. For e.g. a joint venture of Sanofi’s Rhone Merieux and Merck’s MSD AgVet. Called Merical was formed in 1997.

Regional analysis:

According to statistics, more than 62% of U.S. households have a companion animal. U.S. veterinary diagnostics market is growing due to increased awareness coupled with rising pet adoption and increasing expenditure on companion animals.

European countries such as France, Germany, and UK are growing due to offer lucrative opportunities for the market. Factors such as increase applications of molecular and serological diagnostics in veterinary parasitology are creating demand for veterinary diagnostics market.

Developing nations in Asia-Pacific such as China, India are contributing significant revenue for global veterinary diagnostics devices market.

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Some of the key market players of global veterinary diagnostics devices market are-

• Mindray Medical International Ltd.

• ABAXIS, Inc.

• Biocheck smart veterinary diagnostics

• Zoetis, Inc.

• Neogen Corporation

• Bio rad veterinary diagnostics

• HESKA Corporation

• IDVET

• Biomerieux veterinary diagnostics

• IDEXX Laboratories, Inc.

• Thermo Fisher Scientific Inc. (Life Technologies Corporation)

• VCA Antech, Inc.

• Virbac SA

• Cal biotech

Notable market development:

BioCheck had launched two new PCR test kits. These two test kits were multispecies campylobacter multiplex DNA test kit and new castle disease virus multiplex RNA test kit in 2017.

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The global Veterinary Diagnostics devices market is divided into following categories-

By product type

• Hematology tests

• Immunodiagnostics

• Clinical chemistry

• Molecular testing.

By animal type

• Canine

• Feline

• Bovine

• Poultry

o Poultry ELISA

o Poultry PCR

• Swine

o Swine ELISA

o Swine PCR

• Others

By end-users

• Veterinary Hospitals

• Veterinary Clinics

• Research laboratories

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