Companion Animal Diagnostics Market Size splits by Region and Segment, Upcoming Trends, Growth Forecast to 2032 |
| The 2022 valuation of the global for companion animal diagnostics market stood at USD 3.18 Billion, with an anticipated revenue Compound Annual Growth Rate (CAGR) of 9.5% throughout the forecast period, as indicated by the most recent report from Reports and Data. Companion animal diagnostics encompass the application of tests and tools to identify and detect illnesses and irregularities in companion animals such as dogs, cats, and horses. The growing trend of households welcoming companion animals as pets has spurred an increased requirement for companion animal diagnostics. Moreover, the heightened awareness among pet owners regarding the importance of early disease detection and swift treatment has created a significant demand for these diagnostic services. The notable prevalence of zoonotic diseases like Lyme disease, rabies, influenza, among others, has led to a substantial need for companion animal diagnostics. These diseases can be transmitted from animals to humans, underscoring the critical need for accurate and timely diagnoses. Furthermore, the increased count of veterinary practitioners and advancements in diagnostic technologies have contributed to the market’s revenue expansion. Additionally, the accessibility of pet health insurance has played a pivotal role in boosting the revenue of the companion animal diagnostics market. Pet owners are increasingly opting for insurance coverage that includes veterinary expenses, encompassing diagnostic tests and treatments. This surge in the adoption of pet health insurance has resulted in a significant demand for companion animal diagnostics, further propelling the market’s revenue growth. To Get Sample PDF@ https://www.reportsanddata.com/download-free-sample/6340 Top Companies: • Zoetis Inc. • Idexx Laboratories, Inc. • Heska Corporation • Virbac • Thermo Fisher Scientific Inc. • VCA Inc. • Abaxis, Inc. • Bio-Rad Laboratories, Inc. • Neogen Corporation • Boehringer Ingelheim International GmbH Some Key Highlights from the Report • In 2022, the primary revenue driver within the companion animal diagnostics market was the immunodiagnostic segment. Its leading contribution can be chiefly credited to its effectiveness in detecting a broad spectrum of infectious diseases and its widespread availability. Additionally, the increasing trend of keeping dogs and cats as cherished pets has significantly fueled the revenue growth in this field. • The revenue dominance within the companion animal diagnostics market in 2022 was attributed to the segment specifically targeting dogs. This was largely due to the high rate of dog adoption as pets and their susceptibility to a range of diseases such as Lyme disease, heartworm disease, and parvovirus infection. Moreover, the rising demand for preventive healthcare services and regular health checkups for dogs is expected to further boost the revenue generation in this segment. Read Full Report @ https://www.reportsanddata.com/report-detail/companion-animal-diagnostics-market Based on Region market is segmented into: • North America • Europe • Asia-Pacific • South America • Middle East & Africa Technology Outlook (Revenue, USD Billion; 2019-2032) • Immunodiagnostic • Molecular Diagnostic • Clinical Biochemistry • Hematology • Others Animal Type Outlook (Revenue, USD Billion; 2019-2032) • Dogs • Cats • Horses • Others Request for Customization of Report@ https://www.reportsanddata.com/request-customization-form/6340 About Reports and Data Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John W (Head of Business Development) Reports and Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Blogs | Press Release | Industry News | Our competencies Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports Browse More Latest Reports @ https://www.reportsanddata.com/report |