Global Veterinary Molecular Diagnostic Market

Veterinary Molecular Diagnostic Market is predicted to grow at 10.2% CAGR during the forecast period and anticipated to reach at USD 3,238 Million by 2025.

The veterinary molecular diagnostic utilized various type of technique such as nucleic acid diagnostic techniques, biochips, DNA Sequencing, etc to detect the presence of nucleic acids (DNA/RNA) from pathogenic organisms in clinical samples of animals. A wide variety of tests are available for bacteria, fungi, and viruses from many animal species, including pathogens of cattle, cats, dogs, horses, and others. Nucleic acid diagnostic techniques such as polymerase chain reaction (PCR) is widely adopted molecular diagnostic tools used for animals to rapidly screen large numbers of samples during disease outbreaks. For instance: European Food Safety Authority stated that approximately 320,000 cases of foodborne and zoonotic diseases are reported each year across the globe.

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Rising prevalence of zoonotic disease, increasing diagnosis rate due to the rise in spending on animal health care are the major driving factors which are expected to boost the growth of veterinary molecular diagnostic market during the forecast period. In addition, the introduction of innovative veterinary diagnostic, and rise in foodborne disease is expected to be one of the crucial reasons for the growth of veterinary molecular diagnostic market. Moreover, increasing penetration of molecular diagnostics for veterinary due to the presence of strong distribution channel, rising urbanization, and families with high income that keep pets and frequently visit veterinary facilities are some of the factors boosting the growth of this market. However, the dearth of the skilled veterinary practitioner and low awareness regarding veterinary molecular diagnostic in developed and developing countries acts as a restraining factor for the market.

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Various notable players operating in the market, Thermo Fisher Scientific Inc., QIAGEN N.V., IDEXX Laboratories Inc., VCA Inc., Biomedica Medizinprodukte GmbH & Co. KG, HealthGene Corporation, Bioneer, ABAXIS Inc, Neogen Corporation among others. Most of the company are focusing on strategic collaboration with the animal health care service provider to increase the penetration of veterinary molecular diagnostic in emerging economies such as China, India, Brazil, etc.

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The global veterinary molecular diagnostic market has been segmented based on product type, technology, animal, end-use, and key geographies. Based on product type, the market comprises of instruments and consumables. The research report “global veterinary molecular diagnostic market” provides in-depth analysis of global veterinary molecular diagnostic market based on product type, technology, animal type, end-user and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides growth, opportunity, market size, trends and forecast for the global veterinary molecular diagnostic market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments, Company share, outlook in the market.

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Key questions answered in this research report:

• • At what pace is veterinary molecular diagnostic market growing? What will be the global veterinary molecular diagnostic market forecast?
  • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in veterinary molecular diagnostic and global veterinary molecular diagnostic market size?
  • Global veterinary molecular diagnostic market outlook, application areas and how they are poised to grow?
  • Global veterinary molecular diagnostic market overview, industry analysis and scope of study?

Market Segmentation
By Product Type
• Instruments
• Consumables
o Reagents
o Kits
o Others

By Technology
• PCR
• INAAT
• Microarrays
• DNA Sequencing

By Animal type
• Companion Animals
o Dogs
o Horses
o Cats
• Livestock Animals
o Pigs
o Cattles
o Poultry
o Others

By End-Users
• Veterinary Hospitals
• Clinical Laboratories
• Research Institutes

By Geography
• North America
As a part of customization
o By Product Type
o By Technology
o By Animal Type
o By End users
o US
o Canada
o Mexico

• Europe
As a part of customization
o By Product Type
o By Technology
o By Animal Type
o By End users
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of customization
o By Product Type
o By Technology
o By Animal Type
o By End users
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of customization
o By Product Type
o By Technology
o By Animal Type
o By End users
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
• Thermo Fisher Scientific Inc.
• QIAGEN N.V.
• IDEXX Laboratories Inc.
• VCA Inc.
• Biomedica Medizinprodukte GmbH & Co. KG
• HealthGene Corporation
• Bioneer
• ABAXIS Inc.
• Neogen Corporation

*Other prominent players in the market which can be profiled as a part of customization:
Zoetis, Inc.
Virbac SA,
HESKA Corporation
Veterinary Molecular Diagnostics, Inc.