Veterinary Biomarker Market Number Of United States Households That Own A Pet By Type Of Animal In Millions 2021
Veterinary Biomarker Market Veterinary Biomarker Market Growth Rate By Region
Dublin, Aug. 14, 2023 (WORLD NEWSWIRE) — The “Veterinary Biomarker Market – Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)” report has actually been contributed to ResearchAndMarkets.com’s offering.
The worldwide veterinary biomarker market is forecasted to witness significant development with a CAGR of 11.8% over the projection duration.
The COVID-19 pandemic at first affected the marketplace due to lockdowns and federal government guidelines restricting access to veterinary services, leading to a lack of certified veterinary staff. However, the sales of veterinary items increased considerably throughout the pandemic, causing market healing. Factors driving market development consist of a high frequency of persistent illness in animals, increasing adoption rates, and a growing population of buddy animals.
The biomarkers, packages & reagents sector is anticipated to witness considerable development, with increasing adoption for illness medical diagnosis and treatment in animals. Continuous item launches by significant gamers are favorably affecting the sector’s growth.
North America is expected to control the veterinary biomarker market, sustained by a high adoption rate of buddy animals and considerable yearly expense on animal care. The United States, in specific, leads in earnings share, supported by the existence of popular gamers and an increasing variety of vets and veterinary specialized companies.
The market is fragmented, with many worldwide and local business running in the space. Some essential gamers in the market consist of Zoetis Inc., Virbac, Veterinary Biomarkers, Inc., Merck & Co., Inc., IDEXX Laboratories, Inc., and others.
Overall, the veterinary biomarker market reveals appealing development potential customers driven by increasing animal adoption rates, increasing need for veterinary items, and the value of biomarkers in illness medical diagnosis and tracking animal health. However, challenges associated to increasing pet care expenses might restrain the marketplace’s development.
Key Topics Covered
1 INTRO
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH STUDY APPROACH
3 EXECUTIVE SUMMARY
4 MARKET CHARACTERISTICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 High Prevalence of Chronic Diseases in Animals
4.2.2 Implementation of Innovative R&D Strategies by Prominent Players
4.2.3 Rising Pet Adoption Rates
4.3 Market Restraints
4.3.1 Expanding Pet Care Costs
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET DIVISION (Market Size by Value in USD million)
5.1 By Animal Type
5.1.1 Companion Animals
5.1.1.1 Dogs
5.1.1.2 Cats
5.1.1.3 Other Companion Animals
5.1.2 Farm Animals
5.1.2.1 Cows
5.1.2.2 Pigs
5.1.2.3 Other Farm Animals
5.2 By Product Type
5.2.1 Biomarkers, Kits & Reagents
5.2.2 Biomarker Readers
5.3 By Application
5.3.1 Disease Diagnostics
5.3.2 Preclinical Research
5.3.3 Other Applications
5.4 By Disease Type
5.4.1 Inflammatory & Infectious Diseases
5.4.2 Cardiovascular Diseases
5.4.3 Skeletal Muscle Diseases
5.4.4 Tumors
5.4.5 Other Disease Types
5.5 By Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 Middle East and Africa
5.5.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Zoetis
6.1.2 Virbac
6.1.3 Veterinary Biomarkers, Inc.
6.1.4 ACUVET BIOTECH
6.1.5 Merck & Co. Inc.
6.1.6 IDEXX Laboratories, Inc.
6.1.7 MI:RNA Diagnostics Ltd.
6.1.8 Mercodia AB
6.1.9 Antech Diagnostics, Inc.
6.1.10 Avacta Animal Health Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more details about this report see https://www.researchandmarkets.com/r/7nnwi9
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