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At 11.6% CAGR, Global Veterinary Infectious Disease Diagnostics Market Size to Surpass USD 4.5 Billion by 2031 - Industry Trends, Share, Growth, Analysis & Forecast
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One of the key factors contributing to the expansion of the Veterinary Infectious Disease Diagnostics Market is the growing concern over zoonotic diseases, which can transmit between animals and humans. Zoonotic diseases, such as avian influenza and rabies, pose significant public health risks and economic burdens. As a result, there is a heightened focus on monitoring and managing these diseases in animal populations to prevent their transmission to humans. Advances in diagnostic technologies, including the development of multiplex assays and portable testing devices, have greatly improved the efficiency and accuracy of infectious disease diagnostics, enabling timely intervention and control measures. This market plays a vital role in safeguarding animal health, preventing disease outbreaks, and ultimately protecting both animal and human populations.
Key Trends
The Veterinary Infectious Disease Diagnostics Market is experiencing several key trends that reflect the evolving landscape of animal health and the importance of disease prevention and management in veterinary care. One significant trend is the increasing demand for rapid and point-of-care diagnostic tools. Veterinarians, farmers, and animal health professionals are seeking efficient and portable testing solutions that can provide quick results, allowing for timely diagnosis and treatment of infectious diseases in animals. This trend aligns with the broader emphasis on preventive veterinary care, ultimately improving animal welfare and reducing the spread of diseases. Another key trend in the Veterinary Infectious Disease Diagnostics Market is the development of advanced molecular diagnostic techniques. Techniques like PCR (polymerase chain reaction) and next-generation sequencing are providing greater sensitivity and specificity in identifying infectious agents, allowing for a deeper understanding of disease transmission and evolution.
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Key Drivers
The Veterinary Infectious Disease Diagnostics Market is driven by several key factors that emphasize its crucial role in animal healthcare. One primary driver is the increasing awareness of zoonotic diseases and the interconnectedness of animal, human, and environmental health, as highlighted by the One Health concept. As zoonotic diseases pose significant public health threats and have economic consequences for animal agriculture, there is a growing emphasis on early and accurate diagnosis of infectious diseases in animals to prevent their spread to humans and other animals. This awareness has led to a rising demand for robust veterinary diagnostic tools and strategies.
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Market Segmentation : Veterinary Infectious Disease Diagnostics Market
Veterinary Infectious Disease Diagnostics Market By Technology : Immunodiagnostic, Molecular Diagnostic, Others
Veterinary Infectious Disease Diagnostics Market By Animal Type : Companion Animals, Food-producing Animals
Veterinary Infectious Disease Diagnostics Market By End-use : Reference Laboratories, Veterinary Hospitals and Clinics, Point-of-care/ In-house testing, Research Institutes and Universities
Veterinary Infectious Disease Diagnostics Market By Region : North America : US, Canada, Mexico, Europe : The UK, Germany, France, Italy, Spain, Netherlands, Switzerland, Asia-Pacific : China, India, Japan, South Korea, Australia, Singapore, Indonesia, Rest of Asia-Pacific, Rest of the World : Latin America, Middle East, Africa
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Key Players
IDEXX Laboratories, Inc. (US)
Zoetis, Inc. (US)
Thermo Fisher Scientific, Inc. (US)
Virbac (France)
bioMérieux SA (France)
Heska Corporation (US)
IDvet (France)
NEOGEN Corporation (US)
QIAGEN N.V. (a part of INDICAL Bioscience) (Europe)
Randox Laboratories Ltd. (UK)
Agrolabo S.p.A. (Italy)
Bio-Rad Laboratories (US)
Bionote, Inc. (South Korea)
Biogal Galed Labs (Israel)
BioChek (Netherlands)
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