(MoneyNewsWire.Net, August 14, 2017 ) In the past few years, with the emergence of new and technologically advanced products the market is showing a significant growth.
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Veterinary Diagnostics provide tools for effective and rapid testing to undertake preventative or remedial measures for animal related health conditions. For instance, lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock (cows, poultry, sheep, pigs, etc.) and household pets (cats, dogs, etc.) to test for the presence of a variety of medical conditions caused by bacteria, viruses, allergies, and fertility issues. Food animal diagnostics assist in livestock and production animal preventive care and complement other measures such as vaccination and selective breeding. Market development for companion animal diagnostic has depended heavily upon the purchasing and usage of in-clinic analysers or diagnostic instruments used at veterinary practices.
Latin America market for Immunodiagnostics is expected to grow at a higher CAGR due to the increase in the number of foodborne diseases affecting the animals and the increase in government regulations to maintain animal health. Especially Brazil, which is the 9th largest economy in the world is proving to be a lucrative market for investors. Adding to that the market for Molecular diagnostics is expected to grow at a higher than that of Immunodiagnostics due to the wide scope it has over the likes of the latter. Increase in purchase and usage of various diagnostic instruments that are utilized in veterinary practices, in-clinic diagnostic procedures, high income households that keep pets and regularly visit veterinary laboratories are propelling the growth of this market. However, increasing adoption of vegetarian food due to changing food habits, the economic downturn, the increasing risk of obesity, exposure to global cuisines, and other diseases are some of the factors affecting the growth.
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Latin America Veterinary Diagnostics Market: Segmentation By Product Clinical Chemistry o Urine Analysis o Glucose Monitoring o Blood Gas Electrolyte Analysis Molecular Diagnostics o Micro Arrays o PCR Tests o Other Molecular Diagnostics Tests Haemotology o HaemotologyAnalysers o HaemotologyCatridges Diagnostic Imaging o Radiography Systems o Ultrasound Imaging Systems o CT Scanners o MRI Scanners Immunodiagnostics o Immunoassay Analysers o ELISA Tests o Lateral-Flow Strip Readers o Lateral-Flow Rapid Tests o Allergen specific Immunodiagnostic Tests By Animals Companion Animals o Canine Diagnostics o Feline Diagnostics o Other Veterinary Diagnostics Food-Producing Animals o Bovine Diagnostics o Porcine Diagnostics o Ovine Diagnostics o Poultry Diagnostics o Piscine Diagnostics
Some of the prominent companies in this market include VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, VCA Inc., Heska Corporation, Abaxis, Inc., Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc.
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Reasons to buy Latin America Veterinary Diagnostics Market Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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