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Insights on the Veterinary Diagnostics Global Market to 2027 - Featuring Abaxis, Heska and Neogen Among Others - ResearchAndMarkets.com

December 17, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Dec 17, 2020--

The “Veterinary Diagnostics - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The publisher brings years of research experience to the 8th edition of this report. The 379-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

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Global Veterinary Diagnostics Market to Reach $4.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Veterinary Diagnostics estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at a CAGR of 8.1% over the period 2020-2027.

Consumables, one of the segments analyzed in the report, is projected to record 9% CAGR and reach US$3.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Instruments segment is readjusted to a revised 6.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $721.9 Million, While China is Forecast to Grow at 12.3% CAGR

The Veterinary Diagnostics market in the U.S. is estimated at US$721.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 12.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Competitors identified in this market include, among others:

  • Abaxis, Inc.
  • Heska Corporation
  • Idexx Laboratories, Inc.
  • Idvet
  • Neogen Corporation
  • Qiagen NV
  • Thermo Fisher Scientific, Inc.
  • Virbac Group
  • Zoetis, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

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II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Veterinary Diagnostics Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/aja0ba

View source version on businesswire.com:https://www.businesswire.com/news/home/20201217005761/en/

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KEYWORD:

INDUSTRY KEYWORD: VETERINARY HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 12/17/2020 10:37 AM/DISC: 12/17/2020 10:37 AM

http://www.businesswire.com/news/home/20201217005761/en