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The latest research study “Veterinary Molecular Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global veterinary molecular diagnostics market reached a value of US$ 581.4 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,064.1 Million by 2027 exhibiting a CAGR of 9.40% during 2022-2027.

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Veterinary molecular diagnostics aid in identifying, detecting, and genotyping a wide range of bacterial, viral, and vector-borne pathogens among animals using molecular-based methods. Some of the commonly used diagnostics involve conventional, real-time, fluorescent in situ hybridization (FISH), proteomic innovations, peptide nucleic acids (PNA), biochips, nanotechnology, an electrochemical reaction in DNA, and quantitative polymerase chain reaction (PCR) techniques. They are extensively utilized in veterinary clinics, home testing, and diagnostic centers to allow sensitive detection of nucleic acids and diagnosis of contagious diseases. Nowadays, various molecular techniques of different complexity are employed in veterinary health centers and research laboratories to enable the fast and specific diagnosis of animal diseases.

COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Veterinary Molecular Diagnostics Market Trends and Drivers:

The market is primarily driven by the expanding animal husbandry and rising prevalence of numerous animal diseases. In addition, the rising adoption of advanced diagnostic techniques and growing awareness about food safety is contributing to the market growth. Moreover, the sudden outbreak of coronavirus disease (COVID-19) has increased the requirement for PCR testing to examine the effect of the infection in animals.

This, coupled with governing agencies supporting veterinary practices and commercial animal-production programs, represents another growth-inducing factor catalyzing the demand for veterinary molecular diagnostics for better diagnosis and treatment of livestock.

Apart from this, the introduction of advanced genotyping techniques, such as whole-genome sequencing (WGS), in confluence with the surging demand for customized reagents and kits, is anticipated to create a positive market outlook. Other factors, including rising technological advancement in research and development (R&D) activities, and increasing pet ownership due to inflating income levels, are positively influencing the market growth.

Global Veterinary Molecular Diagnostics Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Veterinary Molecular Diagnostics Companies:

Biochek B.V., bioMérieux SA, HealthGene Corporation, Heska Corporation, IDEXX Laboratories Inc., INDICAL BIOSCIENCE GmbH, Ingenetix GmbH, NEOGEN Corporation, Qiagen N.V, Thermo Fisher Scientific Inc., Veterinary Molecular Diagnostics Inc. and Zoetis Inc.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/veterinary-molecular-diagnostics-market

The report has segmented the market on the basis of region, product, technology, animal type, disease type and end user.

Breakup by Product:

  • Kits and Reagents
  • Instruments
  • Software and Services

Breakup by Technology:

  • Real Time PCR
  • Microarray
  • DNA Sequencing

Market Breakup by Animal Type:

  • Companion Animal
  • Livestock Animal

Breakup by Disease Type:

  • Vector-borne Diseases
  • Respiratory Pathogens
  • Diarrhea Pathogens
  • Others

Breakup by End User:

  • Veterinary Hospitals
  • Clinical Laboratories
  • Research Institutes

Market Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

 If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

 Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Read Also : India Electric Vehicle Market Share Report, 2022-2027

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.
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