Livestock Diagnostics Market to Hit US$ 2.36 Billion By 2031 | Growth Plus Reports

Advertisement

Newark, New Castle, USA, May 29, 2023 (GLOBE NEWSWIRE) — A recent Growth Plus Reports study shows that the livestock diagnostics market was valued at US$ 1.10 billion in 2022. The market will register a CAGR of 8.20% and reach US$ 2.36 billion by 2031. The study examines the important strategies, drivers and prospects, competitive circumstances, shifting market dynamics, market size, data and forecasts, and important investment regions.

Key Takeaways:

  • The rising prevalence of zoonotic diseases will drive market revenue growth.
  • Increasing demand for meat and animal-based products will support the market’s revenue growth.
  • North America dominates the global livestock diagnostics market. 

Advertisement

Get a Sample Copy of the Research Report: https://www.growthplusreports.com/inquiry/request-sample/livestock-diagnostics-market/8816

                        Livestock Diagnostics Market Scope

Report Attribute Details
Market Size Value in 2022 US$ 1.10 Billion
Revenue Forecast in 2031 US$ 2.36 Billion
CAGR 8.2%
Base Year for Estimation 2022
Forecast Period 2023 to 2031
Historical Year 2021
Segments Covered Product, Technology, Animal Type, End User, and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Market Drivers
The increased prevalence of zoonotic diseases and diseases spread by meat consumption will drive the market’s revenue growth. Furthermore, increasing awareness about animal health and rising government measures will fuel the market’s revenue growth. Additionally, increasing research on foodborne and animal-borne diseases will support the growth of the market.

Market Segmentation
Growth Plus Reports has analyzed the global livestock diagnostics market from five perspectives: Product, Technology, Animal Type, End User, and Region.

  • Based on the product, the livestock diagnostics market is segmented into consumables, hardware, and software.
  • Based on the technology, the livestock diagnostics market is segmented into immunodiagnostics, molecular diagnostics, and other technologies.
  • The livestock diagnostics market is segmented into ruminants, swine, poultry, and other animals based on the animal type.
  • Based on the end user, the livestock diagnostics market is segmented into reference laboratories, diagnostic hospitals & clinics, and point-of-care testing.

Animal Type Segmentation

The livestock diagnostics market is segmented into ruminants, swine, poultry, and other animals based on the animal type. Among these animals, the swine segment dominates the market due to the growing demand for pork and the increased prevalence of swine diseases.

Regional Growth Dynamics
Based on the region, the global livestock diagnostics market is segmented into North America, Europe, Latin America, and the Middle East & Africa. North America dominates the livestock diagnostics market with the largest revenue share majorly due to the high cost of veterinary healthcare, the availability of medical services, increased attempts to improve animal health, improved pet health awareness, and the high demand for pork.

Request for Customization – https://www.growthplusreports.com/inquiry/customization/livestock-diagnostics-market/8816

Competitive Landscape

The top companies in the global livestock diagnostics market are:

  • IDEXX Laboratories, Inc.
  • Bio-Rad Laboratories, Inc. 
  • Thermo Fisher Scientific Inc. 
  • Zoetis Inc. 
  • bioMérieux S.A.
  • Neogen Corporation
  • INDICAL BIOSCIENCE GmbH
  • Agrolabo SpA
  • IDvet 
  • GD Animal Health
  • BioChek B.V.
  • VMRD, Inc.

The market for livestock diagnostics is moderately competitive, with several multinational companies involved. Key players emphasize R&D and mergers and acquisitions to increase their market share.

Recent Developments:

  • The Animal Health System Support for One Health were launched in April 2023 to improve India’s preparedness and response to potential animal pandemics using the One Health approach.
  • The Animal and Plant Health Inspection Service of the United States Department of Agriculture awarded $14.4 million to 76 projects in December 2020.

Table of Content

  1. INTRODUCTION
    1. Market Ecosystem
    2. Timeline Under Consideration
      1. Historical Years – 2021
      2. Base Year – 2022
      3. Forecast Years – 2023 to 2031
    3. Currency Used in the Report
  2. RESEARCH METHODOLOGY 
    1. Research Approach
    2. Data Collection Methodology
    3. Data Products
      1. Secondary Sources
      2. Primary Primary
    4. Market Estimation Approach
      1. Bottom Up 
      2. Top Down 
    5. Market Forecasting Model
    6. Limitations and Assumptions
  3. PREMIUM INSIGHTS
    1. Current Market Trends (COVID-19 Perspective)
    2. Key Players & Competitive Positioning (2022) 
  4. MARKET DYNAMICS
    1. Drivers
    2. Restraints/Challenges
    3. Opportunities
  5. GLOBAL LIVESTOCK DIAGNOSTICS MARKET- ANALYSIS & FORECAST, BY PRODUCT
    1. Consumables
    2. Hardware
    3. Software
  6. GLOBAL LIVESTOCK DIAGNOSTICS MARKET- ANALYSIS & FORECAST, BY TECHNOLOGY
    1. Immunodiagnostics
    2. Molecular Diagnostics
    3. Other Technologies
  7. GLOBAL LIVESTOCK DIAGNOSTICS MARKET- ANALYSIS & FORECAST, BY ANIMAL TYPE
    1. Ruminants
    2. Swine
    3. Poultry
    4. Other Animals
  8. GLOBAL LIVESTOCK DIAGNOSTICS MARKET- ANALYSIS & FORECAST, BY END-USER
    1. Reference Laboratories
    2. Diagnostic Hospitals & Clinics
    3. Point-of-Care Testing

LIVESTOCK DIAGNOSTICS MARKET TOC

Buy this Premium Research Report: https://www.growthplusreports.com/checkout-8816

VALUE PROPOSITIONS RELATED TO THE REPORT:

  • Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
  • Comprehensive quantitative and qualitative insights at segment and sub-segment level
  • Covid 19 impact trends and perspective
  • Granular insights at global/regional/country level
  • Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
  • Blanket coverage on competitive landscape
  • Winning imperatives
  • Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market.

CUSTOMIZATION OPTIONS:

  • Distributor Landscape Assessment
  • Pricing Intelligence
  • Customer Base Assessment
  • Investment & Initiatives Analysis
  • ‘Business Profile’ of Key Players

Schedule a call with our analyst: https://appoint.ly/s/salesZ3Jvd3RocGx1c3JlcG9ydHMuY29t/introduction

Visit our report store at – https://www.growthplusreports.com/report-store

Browse more latest healthcare reports:

Ultrasound Dissection Devices Market by Type (Hand-held Devices, Accessories), Application (Urology, General Surgery, Gynecology), End User (Hospitals, Ambulatory Surgical Centers) – Global Outlook & Forecast 2023-2031

Virtual Clinical Trials Market by Design (Observational, Interventional), Indication (CNS, Oncology), Phase (I, II) – Global Outlook & Forecast 2023-2031

Spectral Computed Tomography Market by Indication (Oncology, Cardiological Diseases), Product Type (Spiral CT, Electron Beam Tomography), Technology (Dual-layer Detector, Gemstone Spectral Imaging Detector), End User (Hospitals, Private clinics) – Global Outlook & Forecast 2023-2031

Sympathomimetic Drugs Market by Type (Direct, Indirect, Mized), Indications (Cardiovascular Diseases, Asthma & COPD), Distribution Channel (Hospitals Pharmacies, Retail Pharmacies) – Global Outlook & Forecast 2023-2031

Wireless Ultrasound Scanner Market by Product (Handheld Wireless Ultrasound Scanners, Portable Wireless Ultrasound Scanners), Application (Acute Care Units, Emergency Rooms), End User (Diagnostic Centers, Specialty Clinics) – Global Outlook & Forecast Period 2023-2031

Unleashing the Power of Innovation in Med Tech https://growthplusmedtechroundup.com/

About Us:

Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).

Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.

We were awarded by the prestigious CEO Magazine as “Most Innovative Healthcare Market Research Company in 2020.

CONTACT: Manan Sethi Director, Market Insights Email: [email protected] 256 Chapman Road STE 105-4, Newark, New Castle - 19702, USA Phone no: +1 888 550 5009 Web: https://www.growthplusreports.com/

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.