Global Veterinary Molecular Diagnostics Market Research Report 2020: COVID-19 Outbreak Impact Analysis
Brand Essence Market Research has developed a concise study on the Veterinary Molecular Diagnostics market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.
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Veterinary Molecular Diagnostics Market is valued at USD 456.4 Million in 2018 and expected to reach USD 796.3 Million by 2026 with the CAGR of 8.3 % over the forecast period. Increasing Prevalence of Veterinary Diseases and Pet Spending by the Owners are the Key Driving Factors for the Growth of Veterinary Molecular Diagnostics Market
Scope of Veterinary Molecular Diagnostics Report:
The molecular diagnostic is a technique used to detect a disease or its tendency stage by examining the DNA/RNA/proteins in humans and/or in animals. From the past years, it has been observed that veterinary diseases are rising worldwide. With this, the concerns about animal health are also increasing because animals are the main source of several useful dairy products and meat. With rising awareness about animal health, the market associated with the animals is someway is gaining huge popularity among the population. This trend is expected to make the market development for the veterinary molecular diagnostics market. Around the world, many veterinarians and animal specialist are making aware the population regarding new facts about the diseases affecting different animal species, which in turn is expected to propel the veterinary molecular diagnostics market in the forecast period. However, complex process and difficulty in manufacturing of the molecular diagnostic systems may hamper the veterinary molecular diagnostics market.
Increasing prevalence of veterinary diseases is expected to derive the market growth of the veterinary molecular diagnostics market. Moreover, rising pet spending by the owners and increasing foodborne diseases are contributing to the market growth of the veterinary molecular diagnostics market. Due to the rising incidence of foodborne diseases such as swine flu, bird flu, and brucellosis, the production of animal has reduced by 15-20% per year, globally. According to the European Food Safety Authority (EFSA), approximately 320 Mn cases of foodborne zoonotic diseases have been reported each year. It has been observed that from 2010 to 2012, the number of salmonellosis cases has decreased by 5.4% in the European region due to rising awareness and initiatives regarding animal healthcare and increasing veterinary disease diagnosis rate.
Veterinary molecular diagnostics market report is segmented on the basis of product type, application, technology, end-user and region & country level. Based upon product type, veterinary molecular diagnostics market is classified into instruments, reagents and kits, and software and services. On the basis of application, market is classified into genetics, infectious diseases, and microbiology, oncology, and others. On the basis of technology, market is classified into polymerase chain reaction (PCR), isothermal nucleic acid amplification technology (INNAT), microarrays, and DNA sequencing. On the basis of end-user, market is classified into clinical laboratories, veterinary hospitals, research institutes, and others.
The regions covered in this veterinary molecular diagnostics market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of veterinary molecular diagnostics is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Veterinary Molecular Diagnostics Market Report-
The major players operating in the veterinary molecular diagnostic market are IDEXX Laboratories, Inc., Mars Incorporated, Zoetis Inc., Heska Corporation, Neogen Corp, Thermo Fisher Scientific, Virbac, GE Healthcare, Veterinary Molecular Diagnostics, Inc., and others.
Rising Pet Ownership Coupled with Rising Affordability to Access the Essential Healthcare Services are the Major Factors Driving the Growth of the Market.- Favorable healthcare services due to rising affordability are largely contributing to the identification and testing of the disease at an early stage. Additionally, the rising influence of western culture specially observed in countries like India, and China has increased the adoption rate for pet ownership. This increases the demand for better veterinary facilities and products which in turn driving the growth of the veterinary molecular diagnostics market. In has been observed from past few years pet ownership has become a status symbol and are very trending in the developing countries.
Most of the people also adopt and pet animals such as dogs, cats, and hamster for psychological benefits. In the US, pet ownership has doubled from 67 Mn in the 1970s to 164 Mn in 2012. In 2012, according to the American Pet Products Association (APPA), around 83 Mn pet dogs and 96 Mn pet cats were there in the US. In the US, Week magazine quoted the total expenditure on companion animals were increased from 43 Mn in 2008 to 53 Mn in 2012 which includes animal healthcare, animal food, and other accessories.
Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Veterinary Molecular Diagnostics Market.
Key Benefits for Veterinary Molecular Diagnostics Market Reports
â€¢ Global market report covers in-depth historical and forecast analysis.
â€¢ Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
â€¢ Global market report helps to identify opportunities in market place.
â€¢ Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Veterinary Molecular Diagnostics Market Segmentation:-
By Product Type:
â€¢Reagents and Kits
â€¢Software and Services
â€¢Polymerase Chain Reaction (PCR)
â€¢Isothermal Nucleic Acid Amplification Technology (INAAT)
By Regional & Country Analysis:
â€¢Middle East and Africa
oRest of Middle East and Africa
North America is expected to dominate the Veterinary Molecular Diagnostics Market.- Geographically, Veterinary Molecular Diagnostics Market report is segmented into North America, Europe, Asia-Pacific and Rest of the World. The North America market is expected to dominate the global veterinary molecular diagnostics market owing high diagnose rate and advanced facilities for research and development activities. The US veterinary molecular diagnostics market is expected to be the most prominent market in North America with significant market share growth. However, growth in the Asia Pacific region is expected to show high growth in the future due to rising incidence of veterinary diseases, awareness, and developing healthcare infrastructure and facilities.
This comprehensive report will provide:
â€¢ Enhance your strategic decision making
â€¢ Assist with your research, presentations and business plans
â€¢ Show which emerging market opportunities to focus on
â€¢ Increase your industry knowledge
â€¢ Keep you up-to-date with crucial market developments
â€¢ Allow you to develop informed growth strategies
â€¢ Build your technical insight
â€¢ Illustrate trends to exploit
â€¢ Strengthen your analysis of competitors
â€¢ Provide risk analysis, helping you avoid the pitfalls other companies could make
â€¢ Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
â€¢ Which are the driving factors responsible for the growth of market?
â€¢ Which are the roadblock factors of this market?
â€¢ What are the new opportunities, by which market will grow in coming years?
â€¢ What are the trends of this market?
â€¢ Which are main factors responsible for new product launch?
â€¢ How big is the global & regional market in terms of revenue, sales and production?
â€¢ How far will the market grow in forecast period in terms of revenue, sales and production?
â€¢ Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
â€¢ How will each segment grow over the forecast period and how much revenue will these segment account for in 2026?
â€¢ Which region has more opportunities?
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The Essential Content Covered in the Global Veterinary Molecular Diagnostics Market Report:
* Top Key Company Profiles.
* Main Business and Rival Information
* SWOT Analysis and PESTEL Analysis
* Production, Sales, Revenue, Price and Gross Margin
* Market Share and Size
The report provides a 6-year forecast (2020-2026) assessed based on how the Veterinary Molecular Diagnostics market is predicted to grow in major regions like USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa, Others.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Veterinary Molecular Diagnostics market.
Chapter 2: Evaluating the leading manufacturers of the global Veterinary Molecular Diagnostics market which consists of its revenue, sales, and price of the products.
Chapter 3: the competitive nature among key manufacturers, with market share, revenue, and sales.
Chapter 4: Presenting global Veterinary Molecular Diagnostics market by regions, market share and revenue and sales for the projected period.
Chapters 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
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