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(MoneyNewsWire.Net, February 28, 2018 ) According to the report Europe Veterinary Diagnostics Market, published by Market Data Forecast, the market is projected to reach USD 1.46 billion by 2020, at a CAGR of 7.97% from 2015 to 2020.
The Europe Veterinary Diagnostics Market has seen an exemplar shift in the past few years with the emergence of new and technologically advanced products, which had an optimistic impact on the overall growth of the market. Diagnostics provide tools for effective and rapid testing to undertake preventative or remedial measures for the health of the animal population..
For instance, Food animal diagnostics assist in livestock and production animal preventive care and complement other measures such as vaccination and selective breeding. Similarly, lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock (large animals - cows, poultry, sheep, pigs, etc.) and household pets (cats, dogs, etc.) to test for the presence of a variety of medical conditions caused by bacteria, viruses, allergies, and fertility issues.
Get a comprehensive overview of the Europe Veterinary Diagnostics Market: https://www.marketdataforecast.com/market-reports/europe-veterinary-diagnostics-market-87/
Europe Veterinary Diagnostics Market: Drivers & Restraints
The market for Molecular diagnostics is also expected to grow at a high rate. Increase in purchase and usage of various diagnostic instruments that are utilized in veterinary practices, in-clinic diagnostic procedures, high income households that keep pets and regularly visit veterinary laboratories are propelling the growth of this market. However, increasing adoption of vegetarian food due to changing food habits, the economic downturn, the increasing risk of obesity, exposure to global cuisines, and other diseases are some of the factors affecting the growth.
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Europe Veterinary Diagnostics Market: Segmentation
By Product
• Clinical Chemistry
• Molecular Diagnostics
• Haematology analysers
• Diagnostic Imaging
• Immunodiagnostics
By Animals
• Companion Animals
• Food Producing Animals
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at https://www.marketdataforecast.com/market-reports/europe-veterinary-diagnostics-market-87/customize-report
Europe Veterinary Diagnostics Market: Overview
The European Parliament and the Council embraced the Regulation on transmissible creature diseases ("Animal Health Law") in March 2015. The Regulation will be appropriate in the following 5 years and it'll bolster the EU livestock sector in its mission towards aggressiveness and sheltered and smooth EU market of animals and of their products, making development for the veterinary diagnostics market. Veterinary diagnostic products are as complex as they are hard to make. A significant number of the poultry and domesticated animals diagnostic products are biologic products which request materials from living organisms. Market advancement for buddy creature diagnostic has depended intensely upon the obtaining and utilization of in-center analysers or diagnostic instruments utilized at veterinary practices. Immunodiagnostics is the segment with highest growth owing to the increase in the number of foodborne diseases affecting the animals and the need to perform various tests has increased gradually.
Europe Veterinary Diagnostics Market: Region-wise Outlook
Geographically, market is segmented into various regions namely, UK, Spain, Italy, Germany and France. Europe is expected to increase at highest CAGR during the forecast period because of the growing healthcare facilities, technological advancements in developing countries, rapid adoption rate and increasing consumer awareness.
Key Questions Answered
• What is the current and future Veterinary Diagnostics Market outlook in Europe? What trends are affecting the market?
• What is the competitive landscape and market share of major players in the Veterinary Diagnostics Market space in Europe?
• What are the key, high growth markets that Veterinary Diagnostics Market manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the Veterinary Diagnostics currently on the market? How will emerging technologies fulfil these unmet needs?
• What is patient perception and market outlook of Veterinary Diagnostics?
• What are the challenges and barriers that have hindered widespread adoption of Veterinary Diagnostics?
Europe Veterinary Diagnostics Market: Key Players
Some of the major companies dominating the market, by their products include VCA Inc., Heska Corporation, Abaxis, Inc., VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc.
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