New Medical Devices market report from Markets and Markets: "Veterinary Diagnostics Market - Global Forecast to 2018"
Boston, MA -- (SBWIRE) -- 06/18/2014 -- Veterinary Diagnostics Market by Products (Clinical Chemistry, Hematology Analyzers, Molecular Diagnostics, Immunodiagnostics, Diagnostics Imaging), by Animals (Companion, Food-producing, Dog, Livestock, Poultry, Swine) - Global Forecast to 2018
Over the years, the veterinary diagnostics market has grown multi-fold, adapting various technologies from the human diagnostics segment. In the past decade, a number of new products have been launched in this market, which had a positive impact on the growth of this market.
In this report, the global veterinary diagnostics market is segmented by products, type of animals, end-users, and geography. The veterinary diagnostics market is mainly classified by product into clinical chemistry, hematology analyzers, molecular diagnostics, immunodiagnostics, diagnostic imaging, and others. The animal market covers companion animals and food-producing animals. The report also discusses the key market drivers, restraints, and opportunities of the global veterinary diagnostics market and its sub-markets.
View Full Report Details and Table of Contents
The global veterinary diagnostics market is expected to grow at a healthy CAGR during the forecast period of 2013 to 2018 and is estimated to be worth $4,200 million by 2018. The market is mainly driven by the increasing incidences of disease outbreaks, increasing companion animal market backed by the rise in the adoption of pets, increase in the disposable incomes, and the increasing incidences of zoonotic diseases. However, economic downturn and increasing adoption of vegetarian food inhibits the growth of the market to a certain extent.
During the forecast period the clinical chemistry segment will continue to drive and dominate the veterinary diagnostics market. A majority share of this growth can be attributed to widening applications of various clinical assays in veterinary diagnostics industry. Furthermore, rising demand for clinical diagnostics tests for food-producing animals are also expected to drive the growth of the veterinary diagnostics market. Highly organized dairy sector, increased awareness towards prevention of diseases in livestock animals in order to meet the increased demand for meat and dairy products, and increasing number of farm animals is expected to fuel the demand for diagnostic tests during the forecast period of 2013-2018.
Companies Mentioned in this Report: ABAXIS, INC., HESKA CORPORATION, IDEXX LABORATORIES, INC., IDVET, MINDRAY MEDICAL INTERNATIONAL LTD., NEOGEN CORPORATION, THERMO FISHER SCIENTIFIC INC. (LIFE TECHNOLOGIES CORPORATION), VCA ANTECH, INC., VIRBAC SA, ZOETIS, INC.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Medical Devices research reports at Fast Market Research
You may also be interested in these related reports:
- Tissue Diagnostics Market - Trends & Forecast to 2018
- Microfluidics Market By Materials (Polymers, Silicon, Glass), Pharmaceuticals (Microreactors, Toxicity Screening, Lab on Chip, Proteomic & Genomic Analysis) Drug Delivery Devices (Microneedles, Micropumps), IVD (POC) - Global Trends & Forecast to 2018
- In-Vitro Toxicology/ Toxicity Testing Market - Global Forecast to 2018
- Disposable Medical Devices Sensors Market - by Type (Biosensor, Image sensor, Accelerometer), Monitoring (Smart Pill, Pulse Oximeter), Diagnostic (Capsule Endoscope, Blood Glucose Strip), Therapeutic (Insulin pump, Dialysis) - Global Forecast to 2018
- Patient Monitoring Device / Equipment / System Market - Global Forecast to 2018
- MediPoint: Diagnostic Cardiac Biomarkers for Acute Coronary Syndromes - Global Analysis and Market Forecasts
- Point-Of-Care Diagnostic Market - Global Forecast to 2018
- Animal/Veterinary Vaccines Market - Global Forecast to 2018
- Animal Parasiticides Market - Global Forecast to 2018
- Immunoassay Market [Technology (Enzyme, Fluorescent, Chemiluminescence, Radioimmunoassay), Analyzers & Reagents, Applications (Infectious Diseases, Cancer, Endocrinology, Cardiology), End Users (Hospitals, Laboratory, Academics)] - Global Forecast to 2018