Global Companion Animal Diagnostics Market Analysis, Share, Trends and Forecast by 2022

According to Stratistics MRC, the companion animal diagnostics market is accounted for $1,018 million in 2015 and is expected to reach $1,842 million by 2022 growing at a CAGR of 8.84%. Global companion animal diagnostics market is mainly driven by factors such as increasing expenditure on animal healthcare, rising demand for pet insurance, rising pet adoption in emerging nations, growing income levels in developed regions and rising awareness about zoonotic diseases. However factors such as scarcity of arable land & water and cost effective production are the factors hampering the market growth.

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In 2015, immunodiagnostic tests segment held the largest share in global market, the growth is attributed to the advantages such as accuracy, rapid diagnosis easy handling and high sensitivity. However Clinical Chemistry segment is expected to grow at the highest CAGR during the forecast period. Among animal type, dogs segment accounted for approximately 70% of the overall market share, whereas cats segment is expected to witness high growth rate.

Europe dominated the global companion animal diagnostics market and Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to rising pet adoption and increasing demand for animal derived food products in India and China.

Some of the key players in the global market include ABAXIS, Inc., Abbott Laboratories, Boehringer Ingelheim, Danaher Corporation, Elanco, GE Healthcare, IDEXX Laboratories, Inc., IDVET, Merck, Neogen Corporation, Roche Diagnostics, Siemens, Thermo Fisher Scientific Inc, Virbac SA and Zoetis, Inc.

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Products Covered:
Microbiology
Clinical Chemistry
Urine Analyzers
Other Clinical Chemistry Tests
Immunodiagnostic Tests
Elisa Tests
Other Immunodiagnostic Tests
Molecular Diagnostic Tests
Polymerase Chain Reaction (PCR)
Microarrays
Other Molecular Diagnostic Tests
Hematology Analyzers
Diagnostic Imaging
Mri Scanning
Nuclear Imaging
Ultrasound Imaging
Other Diagnostic Imaging Technologies
Other Products

Animal Types Covered:
Dogs
Cats
Horses

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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