The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s veterinary diagnostic equipment market report forecasts the veterinary diagnostic equipment market size to grow to $1.31 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Veterinary Diagnostic Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/veterinary-diagnostic-equipment-global-market-report

Veterinary Diagnostic Equipment Market Size Forecast

The global veterinary diagnostic equipment market is expected to grow from $0.94 billion in 2022 to $1.01 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global veterinary diagnostic equipment market size is expected to grow from $1.31 billion in 2027 at a CAGR of 6.7%.

North America held the largest veterinary diagnostic equipment market share.

Key Veterinary Diagnostic Equipment Market Driver ­– Increase In The Prevalence Rate Of Diseases Among Animals

For instance, according to the Banfield Pet Hospital’s 2020 Veterinary Emerging Topics (VET) Report, more than 50% of the dogs at 1,000 hospitals in 2019 were overweight or obese. Overweight pets are more likely to suffer from joint disease, respiratory disease, and other preventable conditions. The increase in the prevalence rate of diseases in animals increases demand for diagnostic equipment, driving the veterinary diagnostic equipment market.

Request for A Sample Of The Global Veterinary Diagnostic Equipment Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2455&type=smp

Key Veterinary Diagnostic Equipment Market Trend – Introducing Advanced Technologies

Veterinary diagnostic equipment manufacturers are introducing advanced technologies such as advanced blood microsampling techniques to enable enhanced precision, patient-centered specimen collection, and diagnosis of diseases in animals. Blood microsampling is a technique that allows the participants to draw blood samples from their livestock and companion animals with ease. The samples are then forwarded to labs for further diagnosis. This technique is an extension of dry blood sampling, which is a method of collecting blood. For instance, Neoteryx launched the ‘3Rs-compliant Mitra’ microsampling device that works on the principle of micro sampling. The device uses Neoteryx’s trademark Volumetric Absorptive Micro Sampling (VAMS) technology to facilitate more convenient and accurate remote sampling. Other companies investing in the trend of microsampling include Diatron with its Diatron Aquila hematologyanalyzer.

Veterinary Diagnostic Equipment Market Segment

1) By Product: Hematology, Immunodiagnostics, Clinical Chemistry, Molecular Testing

2) By End Users: Hospitals And Clinics, Reference Laboratories, Universities/Research Centers, Point-Of-Care/In-House Testing

3) By Animal: Livestock Cattle, Domestic Pets

Veterinary Diagnostic Equipment Market Major Players and Strategies

Major players in the veterinary diagnostic equipment market are IDEXX Laboratories, ABAXIS, HESKA Corporation, Zoetis, Virbac, Mindray Medical International Ltd., Neogen Corporation, QIAGEN N.V., Agfa Healthcare, and Toshiba.

In September 2021, Mindray, a company operating in veterinary imaging equipment based in China, acquired HyTest Invest Oy and its subsidiaries for an undisclosed amount. With this acquisition, HyTest company enables Mindray to have top-notch raw material R&D and innovation capabilities and also helps in investing in R&D as well as strengthening and improving its competitive edge. Hytest is a company operating in veterinary diagnostic equipment based in Finland.

The Veterinary Diagnostic Equipment Global Market Report 2023 covers regional data on veterinary diagnostic equipment market size, veterinary diagnostic equipment market trends and drivers, opportunities, strategies, and veterinary diagnostic equipment market competitor analysis. The countries covered in the veterinary diagnostic equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Veterinary diagnostic equipment refers to devices and instruments mainly used by veterinary practitioners in determining and identifying various disorders in animals by using various diagnostic equipment such as clinical thermometers, diagnostic lights, X-ray equipment, and certain diagnostic test kits to detect the cause of disease and determine the treatment schedule for animals.

View More Reports Related To The Veterinary Diagnostic Equipment Market –

Veterinary Anesthesia Equipment Global Market Report 2023

Veterinary Medical Equipment Global Market Report 2023

Veterinary Laboratory Testing Services Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: