According to a research report titled ‘Animal Diagnostics Market Size By Technology [Immunodiagnostics {ELISA, Lateral Flow Assays, Immunoassay Analyzers}, Clinical Biochemistry, Hematology, Molecular Diagnostics {PCR, Microarrays}, Urinalysis], By Animal Type [Farm Animals {Poultry, Swine, Cattle}, Companion Animals {Dogs, Cats, Horses}], COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global animal diagnostics market is anticipated to witness sizeable growth through 2027.
 

Rising pervasiveness of diseases in animals, and surging focus on technological development are driving the animal diagnostics market growth. Also, introduction of technique for detecting several bacterial and viral pathogens at the same time has also positively impacted the industry growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/1047501/
 

Since the advent of COVID-19 pandemic, various cases of animals becoming infected with the novel coronavirus came into light, fueling the demand for focused diagnostics for better animal health management, boosting industry share.
 

With respect to technology, in 2020, hematology segment was valued at USD 826 million and is expected to grow at a CAGR of 8.6% during the forecast period. Surging demand for precise & inexpensive veterinary molecular diagnostics, together with growing attention on development of novel technologies, such as microarrays, polymerase chain reaction (PCR), and biomarkers among others, are likely to support segmental growth over the subsequent years.
 

In terms of animal type of animal diagnostics market, farm animal segment was worth USD 1.8 billion in 2020 and is projected to rise at a CAGR of 8.9% through 2027. Technological developments in animal diagnostics, together with increased government and public-sector initiatives to promote animal health will generate revenues for the market.

 

From regional perspective, Middle East & Africa animal diagnostics market was worth USD 68 million in 2020 and it is slated to rise at a healthy 8.6% CAGR over the study period, owing to rising pervasiveness of zoonotic diseases across the region.
 

The key players in animal diagnostics marketplace are IDEXX Laboratories Inc., Heska Corporation, Boehringer Ingelheim International GmbH, Zoetis Inc., Neogen Corporation, Randox Laboratories Ltd., Thermo Fisher Scientific Inc., Virbac, and QIAGEN.