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The veterinary infectious disease diagnostics market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!

Read More On The Veterinary Infectious Disease Diagnostics Market Report 2022 – https://www.thebusinessresearchcompany.com/report/veterinary-infectious-disease-diagnostics-global-market-report

The Veterinary Infectious Disease Diagnostics Market Size In 2022 And Forecast

The global veterinary infectious disease diagnostics market is expected to grow from $1.44 billion in 2021 to $1.63 billion in 2022 at a compound annual growth rate (CAGR) of 13%. The global veterinary infectious disease diagnostics market size is expected to grow to $2.36 billion in 2026 at a CAGR of 9.7%.

The veterinary infectious disease diagnostics market consists of sales of veterinary infectious disease diagnostics technologies by entities (organizations, sole traders, and partnerships) that are used for the identification of infectious diseases in animals.

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Increase In Incidence Of Transboundary And Zoonotic Diseases Is Driving The Growth Of The Veterinary Infectious Disease Diagnostics Market

For instance, in 2021, according to the World Health Organization (WHO), a Swiss-based government agency, rabies disease was found in over 150 nations and territories. Dogs are the most common source of human rabies deaths, accounting for up to 99% of all rabies transmissions. Children under the age of 15 make up 40% of those bitten by suspected rabid animals. Infection kills tens of thousands of people every year, mostly in Asia and Africa. Therefore, the increasing incidence of transboundary and zoonotic diseases is driving the growth of the veterinary infectious disease diagnostics market.

Competitive Landscape And The Regional Analysis Of The Veterinary Infectious Disease Diagnostics Market

Major players in the veterinary infectious disease diagnostics market are Zoetis Inc., IDEXX Laboratories Inc., Thermo Fisher Scientific Inc., QIAGEN N.V., IDvet, NEOGEN Corporation, INDICAL BIOSCIENCE GmbH, Randox Laboratories Ltd, Creative Diagnostics, Heska Corporation, Chembio Diagnostics, URIT Medical Electronic Co. Ltd, NTBIO Diagnostics Inc., Bio-X Diagnostics, and Agrolabo Spa.

Additionally, as per TBRC’s research – North America was the largest region in the veterinary infectious disease diagnostics market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Veterinary Infectious Disease Diagnostics Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the veterinary infectious disease diagnostics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the veterinary infectious disease diagnostics market.

Technological Advancement – A Key Trend In The Veterinary Infectious Disease Diagnostics Market

Major companies operating in the veterinary infectious disease diagnostics market are introducing new technological innovations to sustain their position in the market.

Veterinary Infectious Disease Diagnostics Market Segmentation By The Business Research Company

1) By Infection Type: Viral Infections, Bacterial Infections, Parasitic Infections, Others

2) By Animal Type: Companion Animal, Food-Producing animals

3) By Technology: Immunodiagnostics, Molecular Diagnostic, Others

4) By End User: Reference Laboratories, Veterinary Hospitals and Clinics, Point of Care, Research Institutes and Universities, Others

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