Journal of Veterinary Diagnostic Investigation

IVD for Pets: A $2.7 Billion Global Market, reports Kalorama Information

Retrieved on: 
Thursday, July 27, 2023
Electrolyte, Pregnancy, Histology, Diabetes, Horse, Veterinarian, Dog, University, Pathology, Livestock, Research, Obesity, Analyser, Journal of Veterinary Diagnostic Investigation, Government, Certification, Hospital, Animal, Laboratory, Pet, Growth, Hematology, IVD, Diagnosis, Nursing care plan, POC, Family, PCR, Disease, Microbiology, Cat, Medical device, Pet industry, Vaccine

ARLINGTON, Va., July 27, 2023 /PRNewswire-PRWeb/ -- The need for veterinary testing has grown in recent years, as the majority of U.S. households claim to have at least one pet in the family. This has created ample opportunity for the companion animal segment of the veterinary diagnostic market, which globally had sales of $2.7 billion in 2022. The findings are according to leading medical market researcher Kalorama Information in the report The World Market for Veterinary Diagnostics, 6th Edition, which examines the market based on companion animal (pets and domestic animals including horses) and food animal (livestock and production animals) diagnostics.

Key Points: 
  • This has created ample opportunity for the companion animal segment of the veterinary diagnostic market, which globally had sales of $2.7 billion in 2022.
  • Total global veterinary diagnostic testing market revenues reached $3.8 billion in 2022, reflecting growing demand for companion animal diagnostics followed by steady performance of the food animal segment.
  • Modern veterinary care is heavily reliant upon conventional IVD technologies and methods also used in human medical care.
  • Dogs were responsible for about 34% of the global veterinary revenues in 2022 and about 49% of all companion animal testing revenues.

Global Veterinary Diagnostic Testing for Pets and Animals Will Grow to $5.8 Billion in 2027

Retrieved on: 
Thursday, February 23, 2023
Safety, Food, Notifiable disease, Journal of Veterinary Diagnostic Investigation, Diagnosis, Horse, Zoonosis, Dog, IVD, Veterinarian, Disease, Public, Veterinary medicine, Infection, Livestock, Pet, Virology, International, Bacteriology, Animal, Cat, Nursing care plan, Medical imaging, Vaccine, Pet industry

ARLINGTON, Va., Feb. 23, 2023 /PRNewswire-PRWeb/ -- Where the pets go, so go the profits. This is true not just for mainstream pet products (such as food and toys) or services (such as grooming and boarding), but extends to veterinary pet healthcare, most notably veterinary diagnostic testing. Indeed, the global veterinary diagnostic market is forecast to grow to approximately $5.8 billion in 2027, according to The World Market for Veterinary Diagnostics, 6th Edition, the latest report by market research firm Kalorama Information.

Key Points: 
  • Indeed, the global veterinary diagnostic market is forecast to grow to approximately $5.8 billion in 2027, according to The World Market for Veterinary Diagnostics, 6th Edition , the latest report by market research firm Kalorama Information.
  • The veterinary diagnostics market is best characterized preliminarily through its two primary segments: companion animal (pets such as dogs and cats and domestic animals including horses) and food animal (livestock and production animal) diagnostics.
  • The World Market for Veterinary Diagnostics, 6th Edition examines the worldwide veterinary diagnostics market through the performance of its two component markets of companion animal (pets) and food animal diagnostics.
  • For more information or to purchase the market research report "The World Market for Veterinary Diagnostics, 6th Edition," visit: https://kaloramainformation.com/product/veterinary-diagnostics-dogs-cats... .

Microfluidics Global Market Report 2022: Rising Demand for Advanced and Better Point-Of-Care Testing Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 2, 2022
Biotechnology, Health, Medical Devices, Journal of Veterinary Diagnostic Investigation, Growth, Acquisition, TE Connectivity, IVD, TE, Drug delivery, Point-of-care testing, Polymer, Medication, Silicon, POCT, American Rescue Plan Act of 2021, Glass, Wi, Inc., Microfluidics, POC, HHS, Fine chemical

The main types of microfluidics include silicone-based microfluidics, glass-based microfluidics, and polymer-based microfluidics.

Key Points: 
  • The main types of microfluidics include silicone-based microfluidics, glass-based microfluidics, and polymer-based microfluidics.
  • The regions covered in the microfluidics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
  • The rising demand for advanced and better point-of-care testing in the healthcare industry is driving the microfluidics market.
  • Therefore, the rising demand for point-of-care testing is expected to boost demand for microfluidics during the forecast period.

Veterinary Diagnostics: COVID-19 Pandemic Can't Slow Momentum of $3.5 Billion Market

Retrieved on: 
Wednesday, March 9, 2022
Knowledge, Hematology, Horse, International, OEM, Livestock, African swine fever virus, Gammaretrovirus, Public health, PETS, Bacteriology, Journal of Veterinary Diagnostic Investigation, Human, Virology, Bluetongue disease, Critical care, Medicine, IVD, Brucellosis, Zoonosis, Technology, Knowledge-centered support, Growth, Disease, CAGR, Biotechnology, Diagnosis, Magic: The Gathering core sets, 1993–2007, Animal, Pet, Vaccine, Veterinary medicine, Science

Ultimately, the market is expected to experience a compound annual growth rate (CAGR) of 7.7% from 2021-2026.

Key Points: 
  • Ultimately, the market is expected to experience a compound annual growth rate (CAGR) of 7.7% from 2021-2026.
  • Companies enter the veterinary diagnostics market through acquisitions, product development, and licensing or OEM agreements.
  • Low barriers to market entry and a lack of insurmountable competition makes superior rates of growth in certain segments of the veterinary diagnostics market realizable for a broad range of companies.
  • For more information or to purchase The World Market for Veterinary Diagnostics, 5th Edition visit: https://kaloramainformation.com/product/the-world-market-for-veterinary-... .

The World Market for Veterinary Diagnostics 2021-2026: Featuring Key Players IDEXX, Thermo Fisher Scientific, Heska Corporation and Zoetis - ResearchAndMarkets.com

Retrieved on: 
Monday, March 7, 2022
Pets, Consumer, TGE, Betaarterivirus suid 1, Infection, Classical swine fever, Journal of Veterinary Diagnostic Investigation, Country, Magic: The Gathering core sets, 1993–2007, PRRS, Severe acute respiratory syndrome, Immunoassay, BVD, Molecular diagnostics, Row, Bovine viral diarrhea, Transmissible spongiform encephalopathy, Clinical chemistry, Companion, Vaccine, Medical device, Pet, Hematology, Growth, Food Animal Concerns Trust

The "The World Market for Veterinary Diagnostics, 5th Edition " report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The World Market for Veterinary Diagnostics, 5th Edition " report has been added to ResearchAndMarkets.com's offering.
  • The World Market for Veterinary Diagnostics, 5th Edition examines the worldwide veterinary diagnostics market through the performance of its two component markets of companion animal and food animal diagnostics.
  • The report provides an analysis of major veterinary disease markets as well as overall market performance and development.
  • Total Global Animal Diagnostic Testing Market, 2021-2026 (in millions $ at manufacturer level)
    Global Veterinary Diagnostic Testing Market Share by Region (%) 2021 (US, Europe, Asia Pacific, RoW)
    Food Animal Diagnostics Market by Infectious Disease (Bovine Viral Diarrhea [BVD], Classical Swine Fever [CSF], Enzootic Bovine Leukosis [EBL], Infectious Bovine Tracheitis [IBR], Porcine Coronavirus Diseases [PEDv, PDCoV, TGE], Porcine Reproductive and Respiratory Syndrome [PRRS], Pseudorabies/Aujeszky's, Transmissible Spongiform Encephalopathies [TSEs], Other) (% and $ millions) 2021
    The World Market for Veterinary Diagnostics, 5th Edition contains the following market data points for both the food animal and companion animal segments:
    Global Animal Diagnostic Testing Market by Animal Segment, 2021-2026 (in millions $ at manufacturer level)
    Veterinary Companion Diagnostics Market Segmentation 2021 (Companion Animal: Clinical Chemistry, Infectious disease, Hematology, Other Analyzers, Non-infect Immunodiagnostics, Molecular, Other Testing, Total; Food Animal: Immunodiagnostic Test Kits, Molecular Diagnostics, Clinical Chemistry, Other Infectious Disease Test Reagents, Total) ($million; %)
    Market Size and Growth for United States Diagnostic Testing Market, 2021-2026 ($millions)
    Market Size and Growth for European Diagnostics Testing Market, 2021-2026 ($millions)
    Market Size and Growth for Asia Pacific Diagnostic Testing Market, 2021-2026 ($millions)
    Asia Pacific Diagnostic Testing by Country Percent 2018 (Japan, Philippines, China, India, Others)
    Market Size and Growth for Rest of World Diagnostic Testing Market, 2021-2026 ($millions)
    RoW Companion Animal Diagnostic Testing by Country Percent 2021 (Companion Animal: Canada, Australia, Brazil, Mexico, Others; Food Animal: Canada, Brazil, Mexico, Others)