Veterinary Infectious Disease Diagnostics Market
Driven by government activities supporting animal health and diagnostics, veterinary infectious disease diagnostics market size registered a significant CAGR in 2023 and will show a noteworthy CAGR between 2024 and 2032. Early illness detection is encouraged by projects such as the Animal Pandemic Preparedness Initiative (APPI). Furthermore stressing the need of accurate and fast diagnosis is the acceptance of the One Health approach, considering environmental, human, and animal health. These elements influence market expansion since healthcare professionals and veterinarians give top priority to efficient disease management strategies.
Within the scope of the One Health Approach, the Ministry of Fisheries, Animal Husbandsry, and Dairying started the Animal Pandemic Preparedness Initiative (APPI) in April 2023 This initiative seeks to address the risk presented by diseases capable of spreading between people and animals.
Increasing research and development activities in veterinary diagnostics greatly speeds up the expansion in the market for veterinary infectious diseases. New technologies such PCR and next-generation sequencing are arising as businesses and researchers concentrate on creating accurate and creative diagnostic tools. These developments result in better detection techniques for animal infectious diseases, therefore promoting industry gains as veterinarians embrace these innovative ideas for accurate and early disease diagnosis.
For instance, researchers from the UC Davis School of Veterinary Medicine started clinical trials aiming at improving feline infectious peritonitis (FIP) therapies in August 2022. For these tests, patients are registering at UC Davis Veterinary Hospital.
Although the market for veterinary infectious disease diagnostics is growing, the initial outlay needed for advanced diagnostics presents obstacles to market development. This price, though, represents an investment in accuracy and precision. Navigating legal obstacles and permissions also guarantees that only safe and efficient diagnostics find their way onto the market, therefore fostering trust among veterinarians and pet owners both. Though important, these challenges eventually help to produce dependable and creative diagnostic solutions.
Veterinary Infectious Disease Diagnostics Market Trends
Technological developments as PCR and next-generation sequencing are driving the sector ahead. Higher sensitivity, specificity, and the capacity to identify a broad spectrum of infections make these technologies desirable. Now fast and precise identification of infectious pathogens by veterinary professionals helps to control diseases and enable appropriate treatment. This trend toward more sophisticated diagnostic technologies is driving industry development and improving the efficacy of veterinary care.
For example, BioPerfectus unveiled new PCR kits for zoonotic infectious disease diagnostics in March 2023, therefore offering a sophisticated means of identifying cross-species diseases.
Veterinary Infectious Disease Diagnostics Market Analysis
Driven by the growing frequency of viral diseases among animals, which calls for accurate and effective diagnosis tools, the sector on viral infections will create a major presence during 2024 and 2032. For infections including canine parvovirus, feline leukemia virus, and avian influenza, veterinary experts depend on viral testing. The category of viral infections will become increasingly important to the growth of the market given the necessity for quick and accurate diagnosis on rising levels.
Driven by its capacity to provide precise and sensitive detection of a broad spectrum of infectious diseases in animals, the category of immunodiagnostics will hold the biggest share in the veterinary infectious disease diagnostics market by 2032. Veterinarians choose immunodiagnostic techniques include ELISA and lateral flow assays because they yield quick and consistent findings. In conjunction with continuous developments in immunodiagnostics, the growing acceptance of these methods will help this sector to lead in the business.
Attributed to the enhanced veterinary healthcare infrastructure, higher pet ownership rates, and growing demand for companion animal diagnostics, North America veterinary infectious disease diagnostics market will expand at a spectacular CAGR from 2024 to 2032. Key players and continuous research and development initiatives also help North America to be quite dominant in the market. These elements taken together help North America to be a major contributor to industry growth.
Veterinary Infectious Disease Diagnostics Market Players
- Zoetis
- Randox Laboratories, Ltd.
- Virbac, Idexx Laboratories, Inc.
- DRG Instruments GmbH
- Eurofins Technologies
- Neogen Corporation
- Thermo Fisher Scientific
- Virbac
- Chembio Diagnostic Systems, Inc.
- NTBIO Diagnostics Inc.
Key industry players are bolstering their market share through strategic initiatives. Their focus on research and development leads to the introduction of cutting-edge diagnostic solutions tailored to veterinarians' needs. These innovative solutions provide precise and swift testing for a wide range of infectious diseases, ultimately enhancing animal health outcomes. Moreover, partnerships with veterinary clinics and research institutions are bolstering their presence in the market, ensuring a broader reach and adoption.
Furthermore, initiatives to educate and raise awareness among veterinarians about the benefits of early disease detection are driving adoption rates. Leveraging digital platforms for marketing and distribution is also proving effective in reaching a wider customer base. Overall, by focusing on innovation, partnerships, education, and efficient distribution channels, these players are solidifying their positions and capitalizing on the growing demand for reliable veterinary infectious disease diagnostics.
Veterinary Infectious Disease Diagnostics Industry News
In June 2023, the University of Missouri College of Veterinary Medicine introduced a rabies antibody testing service at their Veterinary Medical Diagnostic Laboratory (VMDL). This service offers certified test results for companion animals traveling internationally, including to Hawaii, ensuring compliance with travel requirements.
On 15th June 2023, IDEXX Laboratories, Inc. introduced the inaugural veterinary diagnostic test for detecting kidney injury in cats and dogs.
What Information does this report contain?
Historical data coverage 2018 to 2023; Growth Projections 2024 to 2032.
Expert analysis industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts major segments covering applications, top products and geographies.
Competitive landscape reporting market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy