Veterinary Infectious Disease Diagnostics Market : Current Analysis and Forecast (2022-2028)

Emphasis on Technology (Immunodiagnostics, Molecular Diagnostics, and Others); Animal Type (Companion Animals and Food-Producing Animals); Infection Type (Bacterial Infections, Viral Infections, Parasitic Infections, and Others); Region (North America, Europe, Asia-Pacific, Rest of the World); and Region/Country

Geography:

Global

Industry:

Healthcare

Last updated:

Feb 2023

Veterinary Infectious Disease Diagnostics Market
Veterinary Infectious Disease Diagnostics Market

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.


Veterinary Infectious Disease Diagnostics Market Report Coverage


Veterinary Infectious Disease Diagnostics Market
Veterinary Infectious Disease Diagnostics Market

“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.


Reasons to buy this report:



  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

  • The report presents a quick review of overall industry performance at one glance.

  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

  • 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.


Table of Contents

  1. 1. Market Introduction

  2. 2. Research Methodology Or Assumption

  3. 3. Market Synopsis

  4. 4. Executive Summary

  5. 5. 5 Impact Of Covid-19 On The Veterinary Infectious Disease Diagnostics Market

  6. 6. Veterinary Infectious Disease Diagnostics Market Revenue (usd Bn), 2020-2028f

  7. 7. Market Insights By Technology

  8. 8. Market Insights By Animal Type

  9. 9. Market Insights By Infection Type

  10. 10. Market Insights By Region

  11. 11. Veterinary Infectious Disease Diagnostics Market Dynamics

  12. 12. Veterinary Infectious Disease Diagnostics Market Opportunities

  13. 13. Veterinary Infectious Disease Diagnostics Market Trends

  14. 14. Demand And Supply-side Analysis

  15. 15. Value Chain Analysis

  16. 16. Competitive Scenario

  17. 17. Company Profiled

  18. 18. Disclaimer

Research Methodology for the Veterinary Infectious Disease Diagnostics Market Analysis (2022-2028)


Analyzing the historical market, estimating the current market, and forecasting the future market of the global veterinary infectious disease diagnostics market were the three major steps undertaken to create and analyze the adoption of veterinary infectious disease diagnostics in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global veterinary infectious disease diagnostics market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:


Analysis of Historical Market Size


Step 1: In-Depth Study of Secondary Sources:


Detail secondary study was conducted to obtain the historical market size of the veterinary infectious disease diagnostics market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.


Step 2: Market Segmentation:


After obtaining the historical market size of the veterinary infectious disease diagnostics market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as technology, animal type, and infection type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.


Step 3: Factor Analysis:


After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the veterinary infectious disease diagnostics market. Further, we conducted factor analysis using dependent and independent variables such as the technology, animal type, and infection type of veterinary infectious disease diagnostics. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the veterinary infectious disease diagnostics market sector across the globe.


Current Market Size Estimate & Forecast


Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global veterinary infectious disease diagnostics market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.


Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:



  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the veterinary infectious disease diagnostics market across the major markets domestically

  • All percentage shares, splits, and breakdowns of market segments and sub-segments

  • Key players in the global veterinary infectious disease diagnostics market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation


Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.


Split of Primary Participants in Different Regions


Veterinary Infectious Disease Diagnostics Market
Veterinary Infectious Disease Diagnostics Market

Market Engineering


The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global veterinary infectious disease diagnostics market. Data was split into several segments & sub-segments post studying various parameters and trends in the technology, animal type, and infection type in the global Veterinary Infectious Disease Diagnostics market.


The main objective of the Global Veterinary Infectious Disease Diagnostics Market Study


The current & future market trends of the global veterinary infectious disease diagnostics market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:



  • Analyze the current and forecast market size of the veterinary infectious disease diagnostics market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments

  • Segments in the study include areas of technology, animal type, and infection type.

  • Define and analysis of the regulatory framework for the veterinary infectious disease diagnostics industry.

  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.

  • Analyze the current and forecast market size of the veterinary infectious disease diagnostics market for the major region.

  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.

  • Company profiles of the veterinary infectious disease diagnostics market and the growth strategies adopted by the market players to sustain in the fast-growing market

  • Deep dive regional level analysis of the industry




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