Market Overview

Global Animal Health Diagnostics Market: Industry Analysis & Outlook (2018-2022) - Zoonotic Diseases and Growing Pet Adoption to Boost Animal Health Diagnostics Market - ResearchAndMarkets.com

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The "Global
Animal Health Diagnostics Market: Industry Analysis & Outlook
(2018-2022)"
report has been added to ResearchAndMarkets.com's
offering.

This report provides an extensive research and detailed analysis of the
present market along with future outlook. The report discusses the major
growth drivers and challenges of the market, covering the U.S. along
with the global market. The report profiles the key players of the
market including IDEXX Corporation, Zoetis Corporation, Heska
Corporation, and Abaxis.

The global animal health diagnostic market is expected to grow in future
due to increasing demand for animal protein, rapid urbanization,
improving pet industry, favorable demographics for pet adoption, and
increasing disposable income. Key trends of this market include
increasing companion ownership and rising incidences of zoonotic
diseases. However, there are some factors which can hinder the market
growth including legal norms, high cost for development and highly
competitive landscape for new entrants.

Clinical chemistry testing has been the most significant segment in the
growth of global animal health diagnostic market due to technological
improvements in testing methods and its wide applications in small
veterinary clinics and hospitals.

The U.S. is a major contributor to the global animal health diagnostic
market supported by increased pet adoption among millennial, higher
concentration of key players, increasing pet healthcare expenditure and
number of homes with pet.

Market Dynamics

Growth Drivers

  • Growing Demand for Animal Protein
  • Improving Pet Market in the U.S.
  • Urbanization
  • Increasing Disposable Income
  • Favorable Demographics Supporting Pet Market

Key Trends

  • Increasing Companion Animal Ownership
  • Rising Incidences of Zoonotic Disease

Challenges

  • Highly Competitive Landscape for New Entrants
  • High Cost of Product Development
  • Legal Regulation

Key Topics Covered

1. Overview

2. Global Animal Health Diagnosis Market

3. Regional Animal Health Diagnosis Market

4. Market Dynamics

5. Competition

6. Company Profiles

  • Zoetis Inc.
  • IDEXX Corporation
  • Abaxis
  • Heska Corporation

For more information about this report visit https://www.researchandmarkets.com/research/2bb3x3/global_animal?w=4

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