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The Global Veterinary Diagnostics Market was valued at USD 2.66 billion in 2015 and is projected to reach USD 3.89 billion by 2020, at a CAGR of 7.78% during the forecast period from 2014 to 2019. The ever-rising demand for animal protein and stricter regulations concerning food safety will propel the market for diagnostics in animal healthcare.

Veterinary diagnostic products are as complex as they are difficult to manufacture. Many of the rapid assay, poultry, and livestock diagnostic products are biologic products, which require materials from living organisms. Owing to this, during the economic recession of 2008, the United States faced a decline in consumer spending on pets, which affected the veterinary diagnostics market. The market development for companion animal diagnostics has depended heavily upon the purchasing and usage of in-clinic analyzers or diagnostic instruments that are used for veterinary practices.

Diagnostic technologies, such as lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock and household pets for the presence of a variety of medical conditions to undertake preventative or remedial measures. Food animal diagnostics assist in livestock, production, and animal preventive care while complementing other measures, such as vaccination and selective breeding.

In the global veterinary diagnostics market, molecular diagnostics represents a growing segment of the market with the laboratory utilization of polymerase chain reaction (PCR) and microarray tests.

The North American and European veterinary diagnostics markets have huge market shares owing to the increasing companion animal population coupled with the positive trend towards animal healthcare spending. Developing regions in Asia-pacific and Africa are expected to form a new revenue pocket in the market, with India, China and Brazil constituting a majority of market growth over the next decade.

The global veterinary diagnostics market is segmented by type of products into Enzyme Linked Immuno Sorbent Assay (ELISA), Rapid Immuno Migration (RIM), Diagnostic imaging, and Ultrasound Imaging, among others. The market is additionally segmented by type of animals into companion animals and farm animals. The report also covers the market by geography, studying diagnostics in North America, Asia-Pacific, Europe, and the Rest of the World. Pfizer (U.S.), Merck (U.S.), Sanofi-Aventis (France), Bayer HealthCare (Germany), Virbac (France), Novartis (Switzerland), Boehringer Ingelheim (Germany), Heska Corporation (U.S.), and Bioniche Animal Health Canada, Inc. (Canada) are the key players in the global veterinary diagnostics market.

Key Deliverables in the Study

1. Market analysis for the Global Veterinary Diagnostics Market, with region specific assessments and competition analysis on global and regional scales

2. Market definition along with the identification of key drivers and restraints

3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

4. Extensively researched competitive landscape section with profiles of major companies along with their market shares

5. Identification and analysis of the macro and micro factors that affect the global veterinary diagnostics market on both global and regional scales

6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Table Of Contents

Global Veterinary Diagnostics Market - By Products, By animal types and Geography - Trends and Forecasts- 2015-2020
1. Introduction
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period Years
1.6 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. Executive Summary
4. Key Inferences
5. Market Overview and Industry Trends
5.1 Current Market Scenario
5.2 Technology Overview
5.3 New Developments
5.4 Industry Value-Chain Analysis
5.5 Product Life-Cycle Analysis
5.6 Product Benchmarking
5.7 Investment Analysis
5.8 Porter's Five Forces
5.8.1 Bargaining Power of Suppliers
5.8.2 Bargaining Power of Consumers
5.8.3 Threat of New Entrants
5.8.4 Threat of Substitute Products and Services
5.8.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Increase in pet ownership
6.1.2 Improved Nutrition
6.1.3 Intensifying consumer focus on food safety
6.1.4 Greater Livestock production
6.1.5 Increasing Zoonotic and Foodborne Diseases
6.2 Market Restraints
6.2.1 Scarcity of arable land and water
6.2.2 Increased competition for cultivated land
6.2.3 Cost effective productio
6.3 Key Challenges
6.4 Current Opportunities in the Market
7. Market Segmentation
7.1 By products
7.1.2 Immunodiagnostic Tests Enzyme linked immuno-sorbent assay (ELISA) Rapid Immuno Migration (RIMâ„¢) Agar gel immuno-diffusion (AGID)
7.1.3 Molecular Diagnostic Tests Polymerase Chain Reaction (PCR) Diagnostic Imaging Ultrasound Imaging Mri Scanning
7.2 Global Veterinary Diagnostic Market, By species
7.2.1 Companion Animals Dogs Cats Horses
7.2.2 Farm animal Cattle Swine Poultry Fish Sheep
7.3 By Geography
7.3.1 North America (NA) United States Canada Mexico Rest of North America
7.3.2 Europe Germany UK France Italy Spain and Portugal Scandinavia BENELUX Rest of Europe
7.3.3 Asia-Pacific (APAC) China Japan India Australia and New Zealand South Korea Rest of APAC
7.3.4 Middle-East and Africa (MEA) GCC Egypt South Africa Morocco Algeria Rest Of MEA
7.3.3 Latin America Brazil Argentina Rest of Latin America
8. Competitive Landscape
8.1 Mergers and Acquisitions
8.2 New Product Launches
8.3 Agreements, Collaborations and Partnerships
9. Key Vendor Analysis
9.1 Idexx
9.2 Abaxis Inc
9.3 Thermo Fisher Scientific
9.4 VCA Antech
9.5 Henry Schein
9.6 Virbac
9.7 Zoetis
9.8 Biochek
9.9 IDVet
9.10 Pfizer
10. Analyst Outlook for Investment Opportunities
11. Future Outlook of the Market

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