Veterinary Molecular Diagnostics Market

20 May


Veterinary Molecular Diagnostics Market Poised to Grow at a CAGR of 8.2% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Veterinary Molecular Diagnostics Market. The report presents analysis of global as well as regional markets of veterinary molecular diagnostics market over the period of 2016 to 2024. Molecular diagnostics is a collection of techniques used to analyses biological markers in the genome and proteome. In veterinary molecular diagnostics, samples that are derived from animals are tested. This diagnostics mostly focuses on the identification, genotyping of pathogens and detection. In veterinary diagnosis these techniques are used to diagnose diseases in individual animals and groups or to assess the disease status of a group. Expansions in the farm animals sector and in sociable attitude towards pet animals have resulted in an augmented demand for fast and reliable diagnostic techniques.

Growing consciousness regarding the importance of molecular diagnostics among veterinarians and general public in both developed and developing countries for healthy livestock is estimated to drive the global veterinary molecular diagnostics market. Further, increasing incidence of numerous animal diseases worldwide, and upsurge in spending on pets are another reasons driving the growth of this market.  Additionally, owing to increasing incidence of foodborne zoonotic diseases worldwide the production of animal has reduced by 15%-20% per year. As per the European Food Safety Authority (EFSA), around 3, 20,000 cases of foodborne and zoonotic diseases are reported every year. Therefore, with increasing consciousness regarding zoonotic diseases such as bird flu and swine flu farm owners are progressively inclining towards the appropriate care of livestock through correct and specific diagnosis. 
Furthermore, growth in purchase and usage of several diagnostic instruments that are used in veterinary practices, families with high income that keep pets and frequently visit veterinary laboratories and in-clinic diagnostic processes are some of the factors boosting the growth of this market. Rising urbanization and growth in the number of pet owners are likely to provide opportunities to the veterinary molecular diagnostics market in upcoming year. However, low awareness regarding Veterinary Molecular Diagnostics in developed and developing countries acts as a restraining factor for the market.


Geographically, North America has dominated the market growth followed by Europe. The boosting factors for the veterinary molecular diagnostics market are high number of animal diagnosis tests by pet owners, large number of facilities for research & development and increasing demand for livestock food products. Whereas, the factors responsible for the growth veterinary molecular diagnostics market in  Europe region is due to increasing awareness of pet nutrition & health, augmented pet adoption and presence of innovative veterinary molecular diagnostic technology for testing wide range of animal pathogen. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global veterinary molecular diagnostics market but also make strategic decisions to capture the most lucrative markets in the near future.

The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


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The recent report identified that North America dominated the global veterinary molecular diagnostics market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the veterinary molecular diagnostics market worldwide.


The report segments the global veterinary molecular diagnostics market on the basis of Product, Technology, Animal Type, Disease Indication and End-User.


Global Veterinary Molecular Diagnostics Market by Product

·         Instruments & Software

·         Kits & Reagents

·         Services


Global Veterinary Molecular Diagnostics Market by Technology

·         Polymerase Chain Reaction (PCR)

·         Microarrays

·         DNA Sequencing


Global Veterinary Molecular Diagnostics Market by Animal Type

·         Companion Animals

·         Livestock Animals


Global Veterinary Molecular Diagnostics Market by Disease Indication

·         Vector-borne Diseases

·         Respiratory Pathogens Detection

·         Diarrhea Pathogens Detection

·         Others


Global Veterinary Molecular Diagnostics Market by End-User

·         Hospitals/Clinics

·         Reference Laboratories


Companies Profiled in the Report

·         IDEXX Laboratories, Inc.

·         VCA, Inc.

·         Thermo Fisher Scientific, Inc.

·          Novacyt Group

·         QIAGEN N.V.

·         Biomedica Medizinprodukte GmbH & Co KG

·         HealthGene Corporation

·         Bioneer

·         ABAXIS, Inc.

·         Neogen Corporation


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.