Global Veterinary Diagnostic Equipment Market Segmentation By Product, Historic and Forecast Report

Global Veterinary Diagnostic Equipment Market Segmentation By Product, Historic and Forecast Report

“Veterinary Diagnostic Equipment Global Market Report 2019”
IDEXX Laboratories Is One Of The Major Companies In The Veterinary Diagnostic Equipment Market, According To TBRC’s Report (Companies: IDEXX Laboratories, ABAXIS, HESKA Corporation, Zoetis and Virbac)

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The global veterinary diagnostic equipment market was valued at about $1.2 billion in 2018 and is expected to grow to $1.92 billion at a CAGR of 12.4% through 2022. The veterinary diagnostic equipment market has been geographically segmented into North America, Western Europe, APAC, Eastern Europe, South America and Middle East & Africa. The North American market is the largest market for veterinary diagnostic equipment and is expected to continue to be the largest market during the forecast period.

The veterinary diagnostic equipment market consists of sales of veterinary diagnostic equipment and related services. Veterinary diagnostic equipment assists the veterinary practitioners in determining and identifying various disorders in animals. Veterinary diagnostic equipment industry includes companies that manufacture diagnostic equipment such as clinical thermometers, diagnostic lights, X-ray equipment, and certain diagnostic test kits.

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Increase in the prevalence rate of diseases among animals serves as one of the major drivers of the veterinary diagnostic equipment market. Due to increase in the incidence of diseases in livestock and pets, the demand for enhanced diagnostic equipment increases. For instance, according to the Banfield State of Pet Health report 2016, the prevalence of diabetes in dogs has increased by 79.7 % in 2015 (23.6 cases per 10,000) from 2006 (13.1 cases per 10,000) whereas there has been an increase of 18% in the prevalence rate of diabetes in cats from 2006 to 2015. The increase in prevalence rate of diseases in animals, results in increase in demand for diagnostic equipment, driving the veterinary diagnostic equipment market.

The veterinary diagnostic equipment is highly expensive. The price of an equipment will be the significant expense for a veterinary clinic or hospital. To run a test center with blood testing machines, physiological monitors such as ECGs, anesthetic monitors etc., diagnostic imaging technology such as x-rays, ultrasound and MRI scanners, is highly capital intensive. Some kind of veterinary diagnostic equipment may be available on a budget, but with less precise diagnoses and thus less efficient treatments with less beneficial results. The high price of equipment hinders the growth of the veterinary diagnostic equipment market. Major players in the market are IDEXX Laboratories, ABAXIS, HESKA Corporation, Zoetis and Virbac. 

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Few Points From Table of Contents:

2. Veterinary Diagnostic Equipment Market Characteristics

3. Veterinary Diagnostic Equipment Market Size And Growth

3.1. Global Veterinary Diagnostic Equipment Historic Market, 2014 – 2018, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Veterinary Diagnostic Equipment Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Veterinary Diagnostic Equipment Market Segmentation

4.1. Global Veterinary Diagnostic Equipment Market, Segmentation By Product, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Hematology

Immunodiagnostics

Clinical Chemistry

Molecular Testing  

4.2. Global Veterinary Diagnostic Equipment Market, Segmentation By  End Users, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Hospitals & Clinics

Reference Laboratories

Universities/Research Centers

Point-of-Care/In-House Testing

4.3. Global Veterinary Diagnostic Equipment Market, Segmentation By Animal , Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Livestock Cattle

Domestic Pets

5. Veterinary Diagnostic Equipment Market Regional And Country Analysis

5.1. Global Veterinary Diagnostic Equipment Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

5.2. Global Veterinary Diagnostic Equipment Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

6. Asia-Pacific Veterinary Diagnostic Equipment Market  

6.1. Asia-Pacific Veterinary Diagnostic Equipment Market Overview  

6.2. Asia-Pacific Veterinary Diagnostic Equipment Market, Segmentation By Product, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

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