2024 Veterinary Infectious Disease Diagnostics Market Overview: Key Insights on Size, Share, and Trends
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What is the Anticipated Growth Speed of the Veterinary Infectious Disease Diagnostics Market Between 2024 and 2033?
The veterinary infectious disease diagnostics market is expected to grow from $1.77 billion in 2023 to $1.95 billion in 2024, reflecting a CAGR of 9.9%, attributed to rising awareness, pet ownership, and government initiatives.
The veterinary infectious disease diagnostics market will experience strong growth, projected to reach $2.82 billion by 2028 at a CAGR of 9.7%. Growth is driven by emerging diseases, R&D advancements, globalization of veterinary practices, and growing livestock populations. Trends include technological innovations, point-of-care testing, molecular diagnostics, digitalization, and customized diagnostics for different species.
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Which Factors Are Enhancing the Growth of the veterinary infectious disease diagnostics Market?
The increasing occurrence of transboundary and zoonotic diseases such as rabies is expected to fuel the growth of the veterinary infectious disease diagnostics market. Zoonoses, which are diseases transmitted between humans and animals, require diagnostics to detect infections like rabies in pets and prevent fatalities. According to the World Health Organization (WHO) in 2021, rabies was present in over 150 nations and territories, with dogs being the primary source of human deaths. The growing threat of these diseases is boosting the demand for diagnostic tools.
Which Segments Are Crucial in the Veterinary Infectious Disease Diagnostics Market?
1) By Infection Type: Viral Infections, Bacterial Infections, Parasitic Infections, Other Infections
2) By Animal Type: Companion Animal, Food-Producing animals
3) By Technology: Immunodiagnostics, Molecular Diagnostic, Other Technologies
4) By End User: Reference Laboratories, Veterinary Hospitals and Clinics, Point of Care, Research Institutes and Universities, Other End Users
What Emerging Trends Are Shaping the Future of the 52 Market?
Technological advancements have become the predominant trend in the veterinary infectious disease diagnostics market. Major companies in this sector are introducing new technological innovations to maintain their market position. For example, in February 2022, Merck Animal Health, a US-based company specializing in animal drug development, unveiled SenseHub Feedlot based on electronic ear tag technology. This solution detects illness more quickly and reliably diagnoses diseases in cattle, enhancing pain management compared to ocular inspection.
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What Regions Are At the Forefront of Veterinary Infectious Disease Diagnostics Market Expansion?
North America was the largest region in the veterinary disease diagnostics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary infectious disease diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Veterinary Infectious Disease Diagnostics Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the veterinary infectious disease diagnostics market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Veterinary Infectious Disease Diagnostics Market Include
1. Veterinary Infectious Disease Diagnostics Market Executive Summary
2. Veterinary Infectious Disease Diagnostics Market Segments
3. Veterinary Infectious Disease Diagnostics Market Size And Template Market Growth Rate
4. Key Veterinary Infectious Disease Diagnostics Market Trends
5. Major Veterinary Infectious Disease Diagnostics Market Drivers
……
25. Key Mergers And Acquisitions In The Veterinary Infectious Disease Diagnostics Market
26. Top Veterinary Infectious Disease Diagnostics Companies
27. Veterinary Infectious Disease Diagnostics Market Opportunities And Strategies
28. Veterinary Infectious Disease Diagnostics Market, Conclusions And Recommendations
29. Appendix
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