Dublin, April 30, 2019 (GLOBE NEWSWIRE) -- The "Companion Animal Diagnostics Market by Technology (Clinical Biochemistry, Urinalysis, Immunodiagnostic, Hematology, Molecular Diagnostics), Application, Animal (Dog, Cat), End User - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The companion animal diagnostics market is projected to reach USD 2,726.9 million by 2024 from USD 1,710.4 million in 2019 at a CAGR of 9.8% during the forecast period.

The growth in this market is driven by the growth in the companion animal population, rising demand for pet insurance, and growth in the number of veterinary practitioners in developed economies. The growing demand for rapid tests and portable instruments for point-of-care (POC) services is offering growth opportunities for players in the companion animal diagnostics market. However, increasing pet care costs are expected to hinder market growth to a certain extent.

In this report, the companion animal diagnostics market has been segmented on the basis of technology, application, animal type, end user, and region.

Key players in this market are adopting several organic and inorganic growth strategies (such as product launches, agreements, collaborations, acquisitions, and expansions).

Some major players in this market are IDEXX Laboratories, Inc. (US), Zoetis, Inc. (US), Thermo Fisher Scientific Inc. (US), Virbac (France), Heska Corporation (US), Neogen Corporation (US), bioMrieux SA (France), IDvet (France), QIAGEN N.V. (Netherlands), and Randox Laboratories Ltd. (UK).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Companion Animal Diagnostics: Market Overview
4.2 Asia Pacific: Companion Animal Diagnostics Market, 2018
4.3 Companion Animal Diagnostics Market: Geographic Growth Opportunities
4.4 Companion Animal Diagnostics Market: Geographic Mix
4.5 Companion Animal Diagnostics Market: Developing vs Developed Countries/Regions

5 Market Overview
5.1 Introduction
5.2 Market Dynamics: Impact Analysis
5.3 Key Market Drivers
5.3.1 Growth in the Companion Animal Population
5.3.2 Rising Demand for Pet Insurance
5.3.3 Growth in the Number of Veterinary Practitioners in Developed Economies
5.4 Key Market Restraints
5.4.1 Increasing Pet Care Costs
5.5 Key Market Opportunities
5.5.1 Growing Demand for Rapid Tests & Portable Instruments for Point-Of-Care (POC) Diagnostic Services
5.6 Key Challenges
5.6.1 Lack of Animal Healthcare Awareness in Emerging Markets
5.6.2 Shortage of Veterinarians in Emerging Markets

6 Companion Animal Diagnostics Market, By Technology
6.1 Introduction
6.2 Clinical Biochemistry
6.2.1 Clinical Chemistry Analysis
6.2.1.1 Reagent Clips and Cartridges
6.2.1.2 Analyzers
6.2.2 Glucose Monitoring
6.2.2.1 Blood Glucose Strips
6.2.2.2 Glucose Monitors
6.2.2.3 Urine Glucose Strips
6.2.3 Blood Gas Electrolyte Analysis
6.2.3.1 Reagent Clips and Cartridges
6.2.3.2 Analyzers
6.3 Immunodiagnostics
6.3.1 Lateral Flow Assays
6.3.1.1 Rapid Tests
6.3.1.2 Strip Readers
6.3.2 Elisa Tests
6.3.2.1 Elisa Tests Segment to Register the Highest Growth Rate During the Forecast Period
6.3.3 Allergen-Specific Immunodiagnostic Tests
6.3.3.1 Growing Number of Allergy Cases in Pets to Drive Market Growth
6.3.4 Immunoassay Analyzers
6.3.4.1 Large Number of Samples Can Be Loaded Into Immunoassay Analyzers to Determine the Results of Immunoassay Tests
6.3.5 Other Immunodiagnostic Products
6.4 Hematology
6.4.1 Cartridges
6.4.1.1 Hematology Cartridges are Used to Measure the Hematocrit and Hemoglobin Level in Animal Blood Samples
6.4.2 Analyzers
6.4.2.1 Hematology Analyzers are Used to Measure Blood Cell Counts and the Coagulation Time of Blood
6.5 Urinalysis
6.5.1 Urinalysis Clips and Cartridges/Panels
6.5.2 Urine Analyzers
6.5.2.1 Technological Innovations to Drive Market Growth
6.5.3 Urine Test Strips
6.6 Molecular Diagnostics
6.6.1 Polymerase Chain Reaction (PCR) Tests
6.6.2 Microarrays
6.6.3 Other Molecular Diagnostic Products
6.7 Other Companion Animal Diagnostic Technologies

7 Companion Animal Diagnostics Market, By Application
7.1 Introduction
7.2 Clinical Pathology
7.2.1 Clinical Pathology Dominates the Companion Animal Diagnostics Market, By Application
7.3 Bacteriology
7.3.1 Rising Prevalence of Zoonotic Diseases to Drive the Market for Bacteriology
7.4 Virology
7.4.1 Rising Number of Viral Outbreaks are Contributing to Market Growth in This Segment
7.5 Parasitology
7.5.1 Increasing Prevalence of Parasitic Diseases to Support the Growth of This Application Segment
7.6 Other Applications

8 Companion Animal Diagnostics Market, By Animal Type
8.1 Introduction
8.2 Dogs
8.2.1 Increase in the Dog Population and Their Ownership Rate - Key Growth Driver for This Segment
8.3 Cats
8.3.1 Growing Research on the Healthcare and Wellbeing of Cats to Support the Growth of This Segment
8.4 Horses
8.4.1 Growing Awareness About Equine Health to Drive Market Growth
8.5 Other Companion Animals

9 Companion Animal Diagnostics Market, By End User
9.1 Introduction
9.2 Reference Laboratories
9.2.1 Reference Labs Receive Large Numbers of Samples From Veterinary Practices
9.3 Veterinary Hospitals & Clinics
9.3.1 Hospitals & Clinics are the First Point of Contact for Pet Owners
9.4 Point-Of-Care/In-House Testing
9.4.1 Need to Improve Care and Reduce Costs has Driven the Adoption of POC Diagnostics
9.5 Research Institutes & Universities
9.5.1 Industry-Academia Collaboration has Grown in Recent Years

10 Companion Animal Diagnostics Market, By Region

11 Competitive Landscape
11.1 Introduction
11.2 Growth Strategy Matrix
11.3 Market Share Analysis
11.4 Competitive Leadership Mapping
11.5 Competitive Situation and Trends

12 Company Profiles
12.1 IDEXX Laboratories, Inc.
12.2 Zoetis Inc.
12.3 Thermo Fisher Scientific Inc.
12.4 Virbac
12.5 Heska Corporation
12.6 Neogen Corporation
12.7 bioMrieux SA
12.8 INDICAL Bioscience GmbH (QIAGEN N.V.
12.9 IDvet
12.10 Randox Laboratories, Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/krmy0w

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Related Topics: Animal Healthcare/Veterinary

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