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Animal Diagnostics Market Share

Report ID: GMI2495
Published Date: Mar 2023
Report Format: PDF

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Animal Diagnostics Market Share

The list of leading animal diagnostics market players includes names such as

Neogen Corporation
Virbac
BioNote, Inc.
Boehringer Ingelheim International GmbH
VetAll Laboratories

Many of these players are emphasizing on merger and acquisition efforts to gain a competitive advantage in the field. Citing an instance, in February 2021, Heska Corporation, a US-based provider of the latest technologies to pet healthcare providers, inked a definitive agreement to acquire Lacuna Diagnostics, a provider of POC diagnostics digital cytology technology. This strategic move helped the company expand its point-of-care diagnostics portfolio.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market for animal diagnostics recorded a valuation of over USD 7.2 billion in 2022 and is poised to grow at over 9% CAGR from 2023 to 2032, fueled by the rising pet adoption trend across the globe.

Immunodiagnostics segment is expected to reach over USD 8 billion by 2032, attributed to surging incidence of zoonotic ailments among livestock.

North America animal diagnostics market is set to grow at over 8.5% CAGR from 2023 to 2032, on account of growing pet care spending and favorable regulators scenario for industry players.

The major market players include names such as Zoetis, Randox, Median Diagnostics, Idexx laboratories, Thermo Fischer Scientific Inc., Quiagen, and Heska Corporation, among others.