Global Veterinary Diagnostic Equipment Market Trends And Strategies Of Major Players In The Veterinary Diagnostic Equipment Market 2021-2030
14 Sep, 2021
The veterinary diagnostic equipment market consists of sales of veterinary diagnostic equipment and related services. Veterinary diagnostic equipment assists the veterinary practitioners in determining and identifying various disorders in animals. Veterinary diagnostic equipment industry includes companies that manufacture diagnostic equipment such as clinical thermometers, diagnostic lights, X-ray equipment, and certain diagnostic test kits.
Global Veterinary Diagnostic Equipment Market Size And Drivers:
The global veterinary diagnostic equipment market is expected to grow from $0.74 billion in 2020 to $0.88 billion in 2021 at a compound annual growth rate (CAGR) of 18.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.13 billion in 2025 at a CAGR of 6.5%. The growing demand for global veterinary diagnostic equipment market to meet the needs of the rising prevalence rate of diseases among animals is expected to drive the global veterinary diagnostic equipment.
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Trends In The Global Veterinary Diagnostic Equipment Market
Veterinary diagnostic equipment manufacturers are introducing advanced technologies such as advance blood micro sampling techniques to enable enhanced precision, patient-centered specimen collection and diagnosis of diseases in animals. Blood micro sampling is a technique that allows the participants to draw blood samples from their livestock and companion animals with ease. The samples are then forwarded to labs for further diagnosis. This technique is an extension to dry blood sampling, which is a method of collecting blood. For instance, Neoteryx launched the '3Rs-compliant Mitra' micro sampling device that works on the principle of micro sampling. The device uses Neoteryx's trademark Volumetric Absorptive Micro Sampling (VAMS) technology to facilitate more convenient and accurate remote sampling. Other companies investing in the trend of micro sampling includes Diatron with its Diatron aquila hematology analyzer.
Global Veterinary Diagnostic Equipment Market Segments:
The global veterinary diagnostic equipment market is further segmented –
By Product: Hematology, Immunodiagnostics, Clinical Chemistry, Molecular Testing
By End Users: Hospitals & Clinics, Reference Laboratories, Universities/Research Centers, Point-of-Care/In-House Testing
By Animal: Livestock Cattle, Domestic Pets
By Geography: The global veterinary diagnostic equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Veterinary Diagnostic Equipment Market At:https://www.thebusinessresearchcompany.com/report/veterinary-diagnostic-equipment-global-market-report
Veterinary Diagnostic Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides veterinary diagnostic equipment market overviews, analyzes and forecasts market size and growth for the global veterinary diagnostic equipment market, veterinary diagnostic equipment market share, veterinary diagnostic equipment market players, veterinary diagnostic equipment market segments and geographies, veterinary diagnostic equipment market’s leading competitors’ revenues, profiles and market shares. The veterinary diagnostic equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.