Veterinary Infectious Disease Diagnostics Market
Veterinary Infectious Disease Diagnostics Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Technology (Immunodiagnostics { Lateral Flow Assays, ELISA Tests, Other Immunodiagnostic Technologies}, Molecular Diagnostics { Polymerase Chain Reaction (PCR) Tests, Microarrays, Other Molecular Diagnostic Tests}, Others), By Animal Type (Companion Animals, Food Producing Animals), By End-Users (Reference Laboratories, Veterinary Laboratories, and Clinics, Point of Care / In House Testing, Research Institutes and Universities), By Region (North America, Europe, The Asia Pacific, Latin America, The Middle East, And Africa),
- Published Date: March 2022
- Report ID: BWC22104
- Available Format: PDF
- Page: 230
Report Overview
Rising technological advancement in diagnostic devices, automation, rising companion animal population coupled with the increasing trend of pet insurance is the key factor anticipated to propel the demand of the global veterinary infectious disease diagnostics market in the forecast period..
Global Veterinary Infectious Disease Diagnostics Market- Industry Trends & Forecast Report 2028
The Global Veterinary Infectious Disease Diagnostics Market was worth USD 1552.8 Million in 2021, and it is further projected to reach USD 2,636.8 Million by 2028, at a CAGR of 8.7 % during 2022-2028. Rising technological advancement in diagnostic devices, automation, rising companion animal population, and the increasing trend of pet insurance are the key factors anticipated to propel the demand of the veterinary infectious disease diagnostics market in the forecast period. Also, rising investment in animal healthcare, increasing incidence of zoonotic diseases, rising disposable income in emerging economies will further drive the global veterinary infectious disease diagnostics.
Veterinary Infectious Disease Diagnostics Overview
Veterinary diagnosis is regarded as the field of study associated with the diagnosis of various infectious and non-infectious animal diseases caused by a variety of internal and external factors primarily being driven by the microorganisms like bacterial infections, viral infections, and fungi. The veterinary diagnostic laboratories could help identify these animal diseases and provide an array of diagnostic services to veterinarians, pet owners, and other biomedical researchers, with the help of medical testing for infectious agents, toxicities, and other pathogens that enabled swift identification and eradication of the disease.
Global Veterinary Infectious Disease Diagnostics Market Trends
Growth Drivers
Growing investments in animal health is pushing the growth of the market
According to the Animal and Plant Health Inspection Service, In December 2021, the U.S. Department of Agriculture’s announced that they were awarded over USD 16.3 million spanning across 64 projects with states, animal institutions, universities, and other areas associated with animal health to bolster the animal health preservation. By ensuring the health of animals, the U.S. government is looking forward to preserving its export markets and pushing any possibilities of foreign animal diseases out of the country. The funding has been found to support projects aimed at improving the vaccine distribution plans, animal movement decisions in case of high-consequence animal disease outbreaks, offering educational programs on animal disease prevention, and developing point-of-care tests for appropriate animal diagnostics rapidly identifying any foreign animal diseases.
Restraints
Reduced availability of treatment and awareness about Zoonotic diseases in Africa
Being one of the biggest epicenters for zoonotic disease, Africa has grown vulnerable to catching such diseases and has contributed to a considerable proportion of mortality rates associated with zoonotic diseases across the world. It demonstrates a reduced emphasis on healthcare spending across the most zoonotic diseases affected regions in the world. Such a reduction indicates a lack of awareness and proper treatment or preparedness for the infectious diseases carried forward from the animals to humans, which is exacerbating the demand for veterinary infectious disease diagnostic kits across the region, thereby impeding the growth of the global market.
Impact of COVID-19 On the Global Veterinary Infectious Disease Diagnostics Market
The nucleic acid detection technologies, including the PCR and RT-PCR, have resulted in the development of rapid and more specific diagnostic assays, which have been witnessing improvements across gene sequencing techniques, which could augment the capabilities to identify the entire genome of an animal. The development is expected to enhance the vaccine efficacy rates in the coming years, which may help eradicate infectious diseases at much cheaper costs. Since the outbreak of the COVID-19 pandemic, the worldwide veterinary infectious disease diagnostics industry has grown dramatically. Coronavirus infection is a zoonotic illness that was detected in bats first. As a result, demand for infectious illness diagnostics surged considerably to prevent the spread of another virus or a pandemic scenario, supporting market development.
Global Veterinary Infectious Disease Diagnostics – By Technology
Based on technology, the global veterinary infectious disease diagnostics market is segmented into Immunodiagnostics, Molecular Diagnostics, and others. The rising emergence rate of advanced immunoassay formats and diagnostics is likely to contribute a major share to propel the growth of the immunodiagnostics segment in the global veterinary infectious disease diagnostic market during the forecast period. Immunodiagnostics is a diagnostics method that uses an antigen-antibody reaction as their primary means of detection. Serum Insulin introduced the concept of using immunology as a diagnostic tool. Immunodiagnostic tests use antibodies as reagents and the results of these tests are used to aid diagnosis and are widely used in many scientific disciplines.
Global Veterinary Infectious Disease Diagnostics Market – By Animal Type
Based on animal type, the global veterinary infectious disease diagnostics market is segmented into companion animals and food-producing animals. Food producing animals segment is expected to register the highest CAGR during the forecast period. The growing prevalence of companion animals around the world to serve handicapped or disabled people is supporting the growth of the companion animals’ segment. Growing disease management and disease prevention, as well as an increase in dog and cat adoption, are driving the expansion of the companion animal industry. Additionally, rising pet insurance penetration, combined with an increase in the number of veterinary practitioners internationally, is driving market demand.
Global Veterinary Infectious Disease Diagnostics Market - Regional Insights
Geographically, the global veterinary infectious disease diagnostics market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America, Middle-East & Africa. Among these regions, North America is expected to hold the largest market share, followed by Europe due to factors such as favorable healthcare infrastructure and the availability of numerous market players in these regions. North American veterinary infectious disease diagnostics market is growing due to the growing number of pets in the region and rising awareness regarding pet insurance among pet owners. Moreover, the growing number of companion animals and food-producing animals and increasing awareness regarding regular checkups of the animals have further supported the growth of the North American veterinary infectious disease diagnostics market.
Competitive Landscape
The Global Veterinary Infectious Disease Diagnostics Market is characterized by the presence of many local, regional, and global vendors. The market for veterinary infectious disease diagnostics is partially consolidated, with fierce competition among the leading players. The leading market players of the global veterinary infectious disease diagnostics market are Biomerieux S.A., Heska Corporation, IDEXX Laboratories, Inc., IDVet, Neogen Corporation, Boehringer Ingelheim Vetmedica, Inc., Dechra Pharmaceuticals PLC, Ceva Santé Animale, Bayer AG, Vetoquinol S.A, HESKA Corporation, Demeditec Diagnostics GmbH, and other prominent players.
Recent Development
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In September 9, 2021, Heska Corporation, a leading global provider of advanced veterinary diagnostic and specialty products, announced that the Company had acquired majority ownership of Biotech Laboratories U.S.A. LLC ("Biotech"), a leading developer of rapid assay diagnostics testing, from Biotech Holdings U.S.A. LLC.
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In August 2021, Elanco announced that it had closed the acquisition of Kindred Biosciences. The latest acquisition advances Elanco’s access to the fast-growing dermatology market, and the acquisition brings three potential dermatology blockbusters expected to launch through 2025, as well as additional R&D programs for other chronic disorders and unmet needs. The company paid USD 444 million for the acquisition of Kindered Biosciences.
Scope of Report:
Attribute |
Details |
Years Considered |
Historical data – 2018-2021 |
Base Year – 2021 |
|
Forecast – 2022 – 2028 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa |
Product/Service Segmentation |
By Technology, By Animal Type, By End-Users, By Region |
Key Players |
Biomerieux S.A., Heska Corporation, IDEXX Laboratories, Inc., IDVet, Neogen Corporation, Boehringer Ingelheim Vetmedica, Inc., Dechra Pharmaceuticals PLC, Ceva Santé Animale, Bayer AG, Vetoquinol S.A, HESKA Corporation, Demeditec Diagnostics GmbH, and other prominent players. |
By Technology
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Immunodiagnostics
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Lateral Flow Assays
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ELISA Tests
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Other Immunodiagnostic Technologies
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Molecular Diagnostics
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Polymerase Chain Reaction (PCR) Tests
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Microarrays
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Other Molecular Diagnostic Tests
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Others
By Animal Type
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Companion Animals
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Food Producing Animals
By End-User
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Reference Laboratories
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Veterinary Hospitals and Clinics
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Point of Care / In House Testing
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Research Institutes and Universities
By Region
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North America
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Europe
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Asia Pacific
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Latin America
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Middle East and Africa
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
- Executive Summary
- Global Veterinary Infectious Disease Diagnostics Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Restraints
- Opportunities
- Challenges
- Technological Landscape/Recent Development
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Global Veterinary Infectious Disease Diagnostics Market Overview
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Technology
- Immunodiagnostics
- Lateral Flow Assays
- ELISA Tests
- Other Immunodiagnostic Technologies
- Molecular Diagnostics
- Polymerase Chain Reaction (PCR) Tests
- Microarrays
- Other Molecular Diagnostic Tests
- Others
- Immunodiagnostics
- By Animal Type
- Companion Animals
- Food Producing Animals
- By End-User
- Reference Laboratories
- Veterinary Hospitals and Clinics
- Point of Care / In House Testing
- Research Institutes and Universities
- By Region
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
- By Technology
- Market Size & Forecast by Value, 2018-2028
- North America Veterinary Infectious Disease Diagnostics Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Technology
- By Animal Type
- By End-User
- By Country
- United States
- Canada
- Market Size & Forecast by Value, 2018-2028
- Europe Veterinary Infectious Disease Diagnostics Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Technology
- By Animal Type
- By End-User
- By Country
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Market Size & Forecast by Value, 2018-2028
- The Asia Pacific Veterinary Infectious Disease Diagnostics Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Technology
- By Animal Type
- By End-User
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Market Size & Forecast by Value, 2018-2028
- Latin America Veterinary Infectious Disease Diagnostics Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Technology
- By Animal Type
- By End-User
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Market Size & Forecast by Value, 2018-2028
- The Middle East & Africa Global Veterinary Infectious Disease Diagnostics Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Technology
- By Animal Type
- By End-User
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Market Size & Forecast by Value, 2018-2028
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Merger, Acquisition, Partnership.)
- Impact of COVID-19 on Global Veterinary Infectious Disease Diagnostics Market Industry
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- Biomerieux S.A.
- Innovative Diagnostics
- IDEXX Laboratories, Inc.
- Neogen Corporation
- QIAGEN N.V.
- Randox Laboratories, Ltd.
- Thermo Fisher Scientific
- Virbac
- Zoetis, Inc.
- Elanco
- Merck & Co. Inc
- Boehringer Ingelheim Vetmedica, Inc.
- Bayer AG
- HESKA Corporation
- Demeditec Diagnostics GmbH
- Other Prominent Players
- Key Strategic Recommendations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Global Veterinary Infectious Disease Diagnostics Segmentation
Figure 2 Global Veterinary Infectious Disease Diagnostics Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Global Veterinary Infectious Disease Diagnostics Market Size, By Value (USD Million), 2018-2028
Figure 5 Global Veterinary Infectious Disease Diagnostics Market Share, By Technology, By Value, 2018-2028
Figure 6 Global Veterinary Infectious Disease Diagnostics Market Share, By Animal Type, By Value, 2018-2028
Figure 7 Global Veterinary Infectious Disease Diagnostics Market Share, By End-User, By Value, 2018-2028
Figure 8 Global Veterinary Infectious Disease Diagnostics Market Share, By Region, By Value, 2018-2028
Figure 9 North America Veterinary Infectious Disease Diagnostics Market Size, By Value (USD Million), 2018-2028
Figure 10 North America Veterinary Infectious Disease Diagnostics Market Share, By Technology, By Value, 2018-2028
Figure 11 North America Veterinary Infectious Disease Diagnostics Market Share, By Animal Type, By Value, 2018-2028
Figure 12 North America Veterinary Infectious Disease Diagnostics Market Share, By End-User, By Value, 2018-2028
Figure 13 North America Veterinary Infectious Disease Diagnostics Market Share, By Country, By Value, 2018-2028
Figure 14 Europe Veterinary Infectious Disease Diagnostics Market Size, By Value (USD Million), 2018-2028
Figure 15 Europe Veterinary Infectious Disease Diagnostics Market Share, By Technology, By Value, 2018-2028
Figure 16 Europe Veterinary Infectious Disease Diagnostics Market Share, By Animal Type, By Value, 2018-2028
Figure 17 Europe Veterinary Infectious Disease Diagnostics Market Share, By End-User, By Value, 2018-2028
Figure 18 Europe Veterinary Infectious Disease Diagnostics Market Share, By Country, By Value, 2018-2028
Figure 19 The Asia-Pacific Veterinary Infectious Disease Diagnostics Market Size, By Value (USD Million), 2018-2028
Figure 20 The Asia-Pacific Veterinary Infectious Disease Diagnostics Market Share, By Technology, By Value, 2018-2028
Figure 21 The Asia-Pacific Veterinary Infectious Disease Diagnostics Market Share, By Animal Type, By Value, 2018-2028
Figure 22 The Asia-Pacific Veterinary Infectious Disease Diagnostics Market Share, By End-User, By Value, 2018-2028
Figure 23 The Asia-Pacific Veterinary Infectious Disease Diagnostics Market Share, By Country, By Value, 2018-2028
Figure 24 Latin America Veterinary Infectious Disease Diagnostics Market Size, By Value (USD Million), 2018-2028
Figure 25 Latin America Veterinary Infectious Disease Diagnostics Market Share, By Technology, By Value, 2018-2028
Figure 26 Latin America Veterinary Infectious Disease Diagnostics Market Share, By Animal Type, By Value, 2018-2028
Figure 27 Latin America Veterinary Infectious Disease Diagnostics Market Share, By End-User, By Value, 2018-2028
Figure 28 Latin America Veterinary Infectious Disease Diagnostics Market Share, By Country, By Value, 2018-2028
Figure 29 The Middle East & Africa Veterinary Infectious Disease Diagnostics Market Size, By Value (USD Million), 2018-2028
Figure 30 The Middle East & Africa Veterinary Infectious Disease Diagnostics Market Share, By Technology, By Value, 2018-2028
Figure 31 The Middle East & Africa Veterinary Infectious Disease Diagnostics Market Share, By Animal Type, By Value, 2018-2028
Figure 32 The Middle East & Africa Veterinary Infectious Disease Diagnostics Market Share, By End-User, By Value, 2018-2028
Figure 33 The Middle East & Africa Veterinary Infectious Disease Diagnostics Market Share, By Country, By Value, 2018-2028
List of Tables
Table 1 Global Veterinary Infectious Disease Diagnostics Market Size, By Technology, By Value, 2018-2028
Table 2 Global Veterinary Infectious Disease Diagnostics Market Size, By Animal Type, By Value, 2018-2028
Table 3 Global Veterinary Infectious Disease Diagnostics Market Size, By End-User, By Value, 2018-2028
Table 4 Global Veterinary Infectious Disease Diagnostics Market Size, By Region, By Value, 2018-2028
Table 5 North America Veterinary Infectious Disease Diagnostics Market Size, By Technology, By Value, 2018-2028
Table 6 North America Veterinary Infectious Disease Diagnostics Market Size, By Animal Type, By Value, 2018-2028
Table 7 North America Veterinary Infectious Disease Diagnostics Market Size, By End-User, By Value, 2018-2028
Table 8 North America Veterinary Infectious Disease Diagnostics Market Size, By Country, By Value, 2018-2028
Table 9 Europe Veterinary Infectious Disease Diagnostics Market Size, By Technology, By Value, 2018-2028
Table 10 Europe Veterinary Infectious Disease Diagnostics Market Size, By Animal Type, By Value, 2018-2028
Table 11 Europe Veterinary Infectious Disease Diagnostics Market Size, By End-User, By Value, 2018-2028
Table 12 Europe Veterinary Infectious Disease Diagnostics Market Size, By Country, By Value, 2018-2028
Table 13 The Asia-Pacific Veterinary Infectious Disease Diagnostics Market Size, By Technology, By Value, 2018-2028
Table 14 The Asia-Pacific Veterinary Infectious Disease Diagnostics Market Size, By Animal Type, By Value, 2018-2028
Table 15 The Asia-Pacific Veterinary Infectious Disease Diagnostics Market Size, By End-User, By Value, 2018-2028
Table 16 The Asia-Pacific Veterinary Infectious Disease Diagnostics Market Size, By Country, By Value, 2018-2028
Table 17 Latin America Veterinary Infectious Disease Diagnostics Market Size, By Technology, By Value, 2018-2028
Table 18 Latin America Veterinary Infectious Disease Diagnostics Market Size, By Animal Type, By Value, 2018-2028
Table 19 Latin America Veterinary Infectious Disease Diagnostics Market Size, By End-User, By Value, 2018-2028
Table 20 Latin America Veterinary Infectious Disease Diagnostics Market Size, By Country, By Value, 2018-2028
Table 21 The Middle East & Africa Veterinary Infectious Disease Diagnostics Market Size, By Technology, By Value, 2018-2028
Table 22 The Middle East & Africa Veterinary Infectious Disease Diagnostics Market Size, By Animal Type, By Value, 2018-2028
Table 23 The Middle East & Africa Veterinary Infectious Disease Diagnostics Market Size, By End-User, By Value, 2018-2028
Table 24 The Middle East & Africa Veterinary Infectious Disease Diagnostics Market Size, By Country, By Value, 2018-2028
Table 25 Biomerieux S.A. Company Overview
Table 26 Biomerieux S.A. Financial Overview
Table 27 Heska Corporation Company Overview
Table 28 Heska Corporation Financial Overview
Table 29 Neogen Corporation Company Overview
Table 30 Neogen Corporation Financial Overview
Table 31 QIAGEN N.V. Company Overview
Table 32 QIAGEN N.V. Financial Overview
Table 33 Thermo Fisher Scientific Company Overview
Table 34 Thermo Fisher Scientific Financial Overview
Table 35 Zoetis, Inc. Company Overview
Table 36 Zoetis, Inc. Financial Overview
Table 37 Elanco Company Overview
Table 38 Elanco Financial Overview
Table 39 Merck & Co. Inc Company Overview
Table 40 Merck & Co. Inc Financial Overview
Table 41 Bayer AG Company Overview
Table 42 Bayer AG Financial Overview
Table 43 HESKA Corporation Company Overview
Table 44 HESKA Corporation Financial Overview
Table 45 Demeditec Diagnostics GmbH Company Overview
Table 46 Demeditec Diagnostics GmbH Financial Overview
Table 47 IDEXX Laboratories, Inc. Company Overview
Table 48 IDEXX Laboratories, Inc. Financial Overview
Table 49 Randox Laboratories, Ltd. Company Overview
Table 50 Randox Laboratories, Ltd. Financial Overview
Table 51 Virbac Company Overview
Table 52 Virbac Financial Overview
Table 53 Boehringer Ingelheim Vetmedica, Inc. Company Overview
Table 54 Boehringer Ingelheim Vetmedica, Inc. Financial Overview
Table 55 Innovative Diagnostics Company Overview
Table 56 Innovative Diagnostics Financial Overview
Market Segmentation
By Technology
- Immunodiagnostics
- Lateral Flow Assays
- ELISA Tests
- Other Immunodiagnostic Technologies
- Molecular Diagnostics
- Polymerase Chain Reaction (PCR) Tests
- Microarrays
- Other Molecular Diagnostic Tests
- Others
By Animal Type
- Companion Animals
- Food Producing Animals
By End-User
- Reference Laboratories
- Veterinary Hospitals and Clinics
- Point of Care / In House Testing
- Research Institutes and Universities
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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