Veterinary Diagnostics Market Analysis, Growth, Share, Market Trends 2030

Veterinary Diagnostics Market Insights:

In a recent research report by Market Research Community, the veterinary diagnostics market is expected to surpass USD 9.9 Billion by the year 2030, from USD 14.97 Billion in 2021.

Veterinary diagnostics refers to the techniques and methods used by veterinarians to diagnose illnesses and conditions in animals. There are a variety of diagnostic tools and techniques that are used in veterinary medicine, including physical examinations, laboratory tests, imaging, and endoscopy.

The veterinarian will also listen to the animal's heart and lungs, and feel the animal's abdomen to check for any abnormalities. Laboratory tests are an important tool in veterinary diagnostics and include a wide range of tests such as blood tests, urine tests, and feces analysis. These tests can help to identify issues such as infection, inflammation, and organ dysfunction.

The veterinary diagnostics market is projected to grow at a significant pace reaching a CAGR of approximately 9.9%, over the forecast period of 2022–2030, despite a considerable fall in Product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

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The study is consolidated into major segments and further into sub-segments, such as by Product (Consumable, Reagents, & Kits, Instruments, and devices), Species (Cattle, Canine, Caprine, Equine, Ovine, Porcine, Avian, and others), Testing Type (Analytical Services, Diagnostic Imaging, Bacteriology, Pathology, Molecular Diagnostics, Immunoassays, Parasitology, Serology, Virology), by diseases type (Infectious Diseases, Non-Infectious Diseases, Hereditary, Congenital and Acquired Diseases, General Ailments, Structural and Functional Diseases) By End-use (Laboratories, Veterinary Hospitals and Clinics, Point-Of-Care/In-House Testing, Research Institutes and Universities).

Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including Zoetis; Heska Corp.; IDEXX Laboratories Inc.; Agrolabo S.p.A.; IDvet; Virbac; Thermo Fisher Scientific Inc.; Neogen Corp.; Covetrus; iM3Vet Pty Ltd.

The veterinary diagnostics market Share is driven by factors such as the increasing demand for animal health products, the growing awareness of animal health and welfare, and the growing popularity of pet insurance. The market is also expected to be driven by the increasing adoption of new diagnostic technologies, such as digital imaging and point-of-care testing.

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