Summary

The global Veterinary Infectious Disease Diagnostics market is expected to grow at a significant rate of around 8% during the forecast period. An infectious disease can be defined as an illness due to a pathogen or its toxic product, which arises through transmission from an infected animal, or a contaminated inanimate object to a susceptible host. Infectious diseases can cause a large number of fatalities if left untreated. The increasing admission of animals to shelters, along with the increased utilization of livestock animals and the higher risk of the spread of communicable diseases among them attributes to the market growth of veterinary infectious disease diagnostics. For instance, as per the Shelter Animal Count, 390,000 dogs were euthanized in animal shelters every year in the US.

BIOMÉRIEUX; Heska Corporation; IDEXX; Innovative Diagnostics; INDICAL BIOSCIENCE GmbH; Neogen Corporation; Randox Laboratories Ltd.; Thermo Fisher Scientific; Virbac.; and Zoetis are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst technology, molecular diagnostics category to grow with a considerable rate during the forecast period.”
Based on the technology, the market has been categorized into immunodiagnostics, molecular diagnostics, and others. Among them, the molecular diagnostics category is to grow at a considerable rate during the forecast period. With the developments in the farm animal sector, the demand for fast and reliable diagnostic techniques such as reverse transcriptase PCR has increased which is responsible for the growth of molecular diagnostics.

“Amongst animal type, the food-producing animal segment held the dominant share in the market in 2021”
Based on the animal type, the market has been categorized into companion animals and food-producing animals. Among them, the food-producing animals segment held the dominant share in 2021. The increasing population of livestock animals for food production attributes to the dominant share of the segment. For instance, as per the New Zealand government stats, dairy cattle numbers increased by 82 percent nationally from 3.4 million to 6.3 million.

“Amongst infection type, viral infections segment to hold a higher CAGR during the forecast period”
Based on the infection type, the market has been categorized into bacterial infections, viral infections, parasitic infections, and others. Among them, the viral infections segment holds a higher CAGR during the forecast period. The increasing incidences of viral infections among cattle and companion animals are the main reasons for the growth of the segment. For instance, according to the government of India, till October 2022, Lumpy skin disease has already infected over 2.4 million animals and has led to over 110,000 cattle deaths in India.

“Asia Pacific to witness the fastest growth in the market”
Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. The major factors such as the presence of a large market for cattle production, as well as the frequent product launches in the region, are responsible for the growth of the market in the Asia-Pacific. For instance, in October 2022, Urban Animal launched India’s first-ever DNA testing kits for dogs to ensure early disease diagnosis.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global Veterinary Infectious Disease Diagnostics market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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