The global animal health diagnostics market is expected to register a
CAGR of around 10% during the period 2018-2022, according to the
latest market research report by Technavio.
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Technavio has published a new market research report on the global animal health diagnostics market from 2018-2022. (Graphic: Business Wire)
A key factor driving the market’s growth is the increase in pet
humanization. Humanization refers to the treatment of pets like the
members of the family. With millennials, the practice of keeping pets
for functional purposes is decreasing. Instead, pets are adopted as
members of urban families. For instance, most people today do not expect
their dogs to sleep outside the house and protect them.
This market research report on the global
animal health diagnostics market 2018-2022 further provides
an analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio predicts an emerging trend
as a major factor that has the potential to significantly impact the
market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing
In this report, Technavio highlights the technological advances as one
of the key emerging trends in the global animal health diagnostics
Global animal health diagnostics market:
Diagnosis is an integral part of disease prevention and management as a
minor outbreak of the disease can spread quickly and pose a threat to
the entire population in the vicinity. Disease diagnosis of an animal
forms the connecting link between the cause of the disease and the cure
of the disease. There is a requirement for rapid methods that can
provide answers related to the disease in terms of its cause and the
“For laboratory diagnosis, the classical polymerase chain reaction is
widely used to detect nucleic acids in a given specimen. It is a strong
alternative to the other detection methods, particularly in the
virulence typing of Avian Influenza virus. The different versions of PCR
include real-time PCR, nested PCR, and multiplex PCR,” says a senior
analyst at Technavio for research on in-vitro diagnostics.
Global animal health diagnostics market:
This market research report segments the global animal health
diagnostics market into the following end-users (veterinary hospitals,
veterinary clinics, and research institutes) and key regions (the
Americas, APAC, and EMEA).
Veterinary hospitals are one of the important end-users of animal health
diagnostics and account for a major share of the market. Veterinary
hospitals provide a wide range of services such as vaccination, pet
grooming, trauma and emergency services, and pet wellness.
The Americas held the highest share of the global animal health
diagnostics market in 2017, accounting for a market share of more than
73%. This region is expected to dominate the global market throughout
the period 2018-2022.
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Some of the key topics covered in the report include:
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005422/en/