Global Companion Animal Diagnostics Market Analysis–Trends, Insights and Forecasts (2021-2027)

  • Publish Date
    October 18, 2021
  • No of Pages
    310
  • SKU Code
    GIR 8032
  • Format

Global Companion Animal Diagnostics Market – Overview

The report will cover the overall analysis and insights in relation to the size and growth rate of the “Global Companion Animal Diagnostics Market ” by various segments at a global and regional level for the 2014-2027 period, with 2014-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

Global Companion Animal Diagnostics Market – Introduction

  • The growth in this market is driven by growth in the companion animal population, rising demand for pet insurance, and increasing number of veterinary practitioners in developed economies. The growing demand for rapid tests and portable instruments for point-of-care services is expected to offer potential growth opportunities for market players in the coming years.

Global Companion Animal Diagnostics Market Report Scope

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2020 as the base year, 2021 as the estimate year and forecast for 2027 with projection of CAGR from 2021 to 2027.
  • The report covers discussion of economic trends and technology.
  • Market estimates represent revenue.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope.
Attribute Details
Market size available for years 2014–2027
Base year considered 2020
Forecast period 2021–2027
Historical period 2014-2019
Forecast units Value (USD) & Volume (Million Units)
Forecast units Value (USD) & Volume (Million Units)
Segmentation By Regions
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
By Countries
United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Indonesia, Malaysia, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Brazil, Argentina, Mexico, South Africa and 54 Others.
By Technology

Clinical Biochemistry, Immunodiagnostics, Hematology, Urinalysis, Molecular Diagnostics and Others.

By Animal Type
Dogs, Cats, Horses and Other Companion Animals (rabbits, reptiles, pet fish, and birds)
By Application
Clinical Pathology, Bacteriology, Virology, Parasitology and Others (pregnancy testing, genetic testing, and toxicology testing)
By End User
Veterinary Reference Laboratories, Veterinary Hospitals and Clinics, Point-of-care/In-house Testing, Research Institutes and Universities and Others.
Companies covered Ameri-Pac Inc.; Bayer AG; Heska Corp.; Boehringer Ingelheim GmbH; Ceva Sante Animale; Conklin Company Inc;  Elanco; IDvet ; IDEXX Laboratories, Inc.; INDICAL Bioscience GmbH; Merck Animal Health; Merial; Nutreco N.V.;Neogen Corp;  QIAGEN N.V.; Randox Laboratories Ltd.; Thermo Fisher Scientific, Inc.; Vetiquinol S.A.; Virbac; Zoetis, Inc. and Others.

Segments Covered in Global Companion Animal Diagnostics Market

  • The global companion, animal diagnostics market, is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. In 2019, North America was estimated to be the largest regional market for companion animal diagnostics. However, the Asia Pacific market is expected to grow at the highest CAGR during the forecast period primarily due to factors such as growth in pet adoption, increasing awareness about animal health, and increasing per capita animal health expenditure, especially in India and China.

 Covid-19 Impact on the Global Companion Animal Diagnostics Market

  • COVID-19 is a new strain of corona-virus that has not been previously identified in humans. Corona-viruses (CoV) are a family of RNA (ribonucleic acid) viruses. COVID-19 started in Asia and is now spreading over the rest of the world via person-to-person contact and community spread. COVID-19 pandemic may have a potential impact on global companion, animal diagnostics market.

 Recent Developments in Global Companion Animal Diagnostics Market

  • In January 2020, IDEXX launched the Vcheck Feline NT-proBNP test kit
  • In January 2020, Heska Corporation acquired SCIL Animal Care Company (Germany) to complement the company’s veterinary diagnostics portfolio and expand the geographic portfolio across North America and greater Europe and reach over to 25 countries across these regions.
  • In July 2019, FujiFilm Corporation established FUJIFILM VET Systems Co., Ltd in Japan to supply its veterinary products segment to veterinary clinical practices in the country. This expansion would enhance the company’s veterinary medicine business in Japan.
  • In January 2018, IDEXX launched the IDEXX Catalyst SDMA Test
  • Zoetis acquired Abaxis, a pioneer in the veterinary point-of-care diagnostics field, for USD 2.0 billion in July 2018.

Key Market Players in Global Companion Animal Diagnostics Market

  • The major players in the global companion, animal diagnostics market are BioMérieux SA; Heska Corp.; IDvet ; IDEXX Laboratories, Inc.; INDICAL Bioscience GmbH; Neogen Corp; QIAGEN N.V.; Randox Laboratories Ltd.; Thermo Fisher Scientific, Inc.; Virbac; Zoetis, Inc. and Others.
  • Also, the global companion, animal diagnostics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Objectives of the Global Companion Animal Diagnostics Market Study

  • To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the global companion animal diagnostics market.
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies.
  • To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total global companion animal diagnostics market.
  • To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the global companion animal diagnostics market.
  • A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.

 

Note

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GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKETINTRODUCTION

Objectives Of The Study

Global Companion Animal Diagnostics Market Definition

Global Companion Animal Diagnostics Market Scope

Global Companion Animal Diagnostics Market Stakeholders

Global Companion Animal Diagnostics Market Limitations

Summary of changes in Global Companion Animal Diagnostics market

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKETRESEARCH METHODOLOGY

Research data

Secondary data

Primary data

Global Companion Animal Diagnostics Market Size Estimation

Global Companion Animal Diagnostics Market Breakdown & Data Triangulation

Global Companion Animal Diagnostics Market Share Analysis

Global Companion Animal Diagnostics Market Risk assessment/limitations

Assessment of The Impact Of Covid-19 On The Global Companion Animal Diagnostics Market

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKETEXECUTIVE SUMMARY

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKET OUTLOOK / MARKET OVERVIEW

Introduction

Market Dynamics

Market Drivers

Growth in the Companion Animal Population

Rising Demand for Pet Insurance

Increasing Number of Veterinary Practitioners in Developed Economies

Countries

Market restraints

Rising Pet Care Costs

Opportunities

Growing Demand for Rapid Tests & Portable Instruments for Point-Of-Care (PoC) Diagnostic Services

USE of Advanced Technologies to Improve Disease Diagnosis Accuracy in Companion Animals

Challenges

Porters Five Force Model

Moderate-to-high bargaining power of suppliers
Moderate-to-high threat of new entrants
Moderate threat of substitutes
High-to-moderate intensity of rivalry
Moderate bargaining power of buyers

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKETINDUSTRY INSIGHTS

Introduction

Industry trends

Strategic benchmarking

Pricing analysis

Value chain analysis

Ecosystem analysis

Patent analysis

Trade analysis

IMPACT OF COVID-19 ON THE GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKET

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKET BY TECHNOLOGY

Clinical Biochemistry

Immunodiagnostics

Hematology

Urinalysis

Molecular Diagnostics

and Other.

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKET BY ANIMAL TYPE

Dogs, Cats

Horses

Other Companion Animals (rabbits, reptiles, pet fish, and birds).

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKET BY APPLICATION

Clinical Pathology

Bacteriology

Virology

Parasitology

Other Applications (pregnancy testing, genetic testing, and toxicology testing)

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKET BY END USER

Veterinary Reference Laboratories

Veterinary Hospitals and Clinics

Point-of-care/In-house Testing

Research Institutes and Universities

and Others.

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKET BY GEOGRAPHY

Overview

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Rest of the World

Latin America

Middle East & Africa

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKET COMPETITIVE LANDSCAPE

Introduction

Footprint analysis of the top players in the global companion animal diagnostics market

Product & service portfolio matrix

Market share analysis

Company evaluation quadrant

Company evaluation quadrant for start-ups/smes

Competitive scenario

GLOBAL COMPANION ANIMAL DIAGNOSTICS MARKET – COMPANY PROFILES

(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  1. IDEXX Laboratories, Inc.
  2. Zoetis, Inc.
  3. Heska Corp.
  4. Thermo Fisher Scientific, Inc.
  5. Virbac; Neogen Corp
  6. bioMérieux SA
  7. IDvet
  8. INDICAL Bioscience GmbH
  9. QIAGEN N.V.
  10. Randox Laboratories Ltd.
  11. and Others 50.

APPENDIX

Discussion guide

Available customizations

Related reports

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Frequently Asked Questions ?

As a part of the study, we have considered only those diagnostic tools, test kits, and instruments that utilize bodily fluids such as serum, plasma, urine blood, feces and tissue samples to diagnose diseases and disorders in companion animals. Procedures such as necropsy, biopsy and cytology conducted for diseases diagnosis is out of scope.

By animal type, we have considered dogs, cats, horses, and smaller companion animals such as rabbits, reptiles, fish, birds and other small mammals.

The companion animal diagnostics market is dominated by three major players IDEXX, Zoetis and Heska Corporation. These players have adopted various organic and inorganic growth strategies new product developments and enhancements, acquisitions, and agreements & partnerships to sustain their presence in this market.

Clinical Pathology is the leading application segment a these tests are usually the first tools of evaluation for disease patterns.

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