Veterinary Immunodiagnostics Market Growth to Push Revenue to $2.71 Billion by 2029

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Veterinary Immunodiagnostics Market by Product (Analyzers, Consumables {Leukemia, Influenza, BTV, FMD, BTB, BHV}), Animal (Livestock, Companion), Technology (ELISA, Radioimmunoassay, Rapid Tests), End User (Hospitals, Point of care)—Global Forecast to 2029.’

Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=2897?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=29-10-2024


Meticulous Research® projects significant expansion in the veterinary immunodiagnostics market, with growth forecasted at a CAGR of 9.3% from 2022, reaching around $2.71 billion by 2029. Key growth drivers include the rising frequency of animal diseases, new developments in immunodiagnostic technologies, and increased accessibility of targeted tests. Additional factors such as a growing pet population and rising demand for animal-based products further fuel the market’s expansion, though challenges related to diagnostic infrastructure in certain areas persist.

The report segments the market by product type (Analyzers and Consumables), animal type (Companion Animals and Livestock), technology (ELISA, Radioimmunoassay, Rapid Tests, etc.), end users (Reference Laboratories, Veterinary Hospitals & Clinics, and Point of Care Testing), and geographical regions to provide in-depth industry insights.

Consumables are anticipated to dominate in 2022 due to cost-effectiveness, rapid testing capabilities, and disease-specific options. ELISA technology is set to claim the largest market share, driven by advances in biomarkers and the trend toward automation. The livestock segment is expected to be a leading area of growth, propelled by heightened awareness of animal health, while reference laboratories will likely gain the largest share due to increased outsourcing of diagnostics.

North America is forecasted to remain the market leader, followed by Europe and Asia-Pacific, attributed to increased investments in animal health and strong veterinary infrastructure.

Leading players include IDEXX Laboratories, Inc. (U.S.), Zoetis Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Virbac (France), Heska Corporation (U.S.), Randox Laboratories Ltd. (U.S.), Neogen Corporation (U.S.), QIAGEN N.V. (Germany), Abaxis, Inc. (U.S.), and bioMérieux S.A. (France).


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Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight key industry sectors and 20+ geographic markets. With a focus on solving the complex challenges facing global business leaders, our research enables informed decision-making that propels sustainable growth and operational excellence. We are dedicated to delivering high-impact solutions that transform business performance and fuel innovation in the competitive global marketplace.

 

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