Key Trends in Veterinary Diagnostics Market - Dominated by Horses, Cattle, Dogs, Pigs, Cats and Poultry Treatment

Veterinary diagnostics market by product, technology, animal type, end user, and region. Based on technology, immunodiagnostics segment is expected to account for largest share of market in 2018. The large share can be attributed to high accuracy of immunodiagnostic tests, high preference for these tests by veterinary practitioners, & its wide applications in veterinary diagnostics.

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The veterinary diagnostics market is projected to reach USD 4.00 billion by 2023 from USD 2.63 billion in 2018, at a CAGR of 8.8%. Factors such as growing companion animal population, growing prevalence of animal zoonotic diseases, rising demand for animal-derived food products, rising demand for pet insurance & growing animal health expenditure.

Veterinary Diagnostics Market, By End User

1 Introduction

2 Reference Laboratories

3 Veterinary Hospitals & Clinics

4 Point-Of-Care/In-House Testing

5 Research Institutes & Universities

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Geographically, the global veterinary diagnostics market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East &Africa. In 2016, North America commanded a major share of the veterinary diagnostics market.