Global Veterinary Diagnostics Market was valued US$ XX Bn in 2019 and is expected to reach US$
5.17 Bn by 2026, at a CAGR of around XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders,
followers, and disrupters. Since lock down was implemented differently in different regions and
countries, impact of same is also different by regions and segments. The report has covered the
current short term and long term impact on the market, same will help decision makers to prepare
the outline for short term and long term strategies for companies by region.
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Veterinary diagnostics are noninvasive methods used to find and examine the causes of diseases in
animals. Several new technologies from human diagnostics segments are being adapted for the
veterinary domain. This trend is expected to continue in the future, thereby contributing to the
growth of the veterinary diagnostics market.
The advanced R&D facilities and new and innovative product developments by the companies to
improve their product portfolio are propelling the growth of the veterinary diagnostics industry.
Moreover, the huge unexplored market in veterinary diagnostics industry of developing economies
are creating ample opportunities for the veterinary diagnostics market to grow at a considerable
rate in the upcoming years.
However, the growing inclination towards a vegetarian diet and economic uncertainty are major
challenges faced by the veterinary diagnostics market. The report covers all the trends and
technologies playing a major role in the growth of the veterinary diagnostics market over the
forecast period. It highlights the drivers, restraints, and opportunities expected to influence the
market growth during the forecast period.
Based on the technology, the immunodiagnostics segment is held the dominant XX% market share in
2018. The huge share can be attributed to the high ac