(MoneyNewsWire.Net, January 11, 2018 ) According to the report Asia Pacific Veterinary Diagnostics Market, published by Market Data Forecast, the Asia Pacific market is projected to reach USD 1.01 billion by 2022, at a CAGR of 9.91% from 2017 to 2022.
Livestock productivity is adversely affected by diseases. There are two major diagnosis methods – First, the one which reveals the type of pathogen infecting the host and second which demonstrate the presence of the antibodies against the pathogen. These diagnosis methods are becoming cheaper by the day due to rapid advancements in technology.
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Asia Pacific Veterinary Diagnostics Market: Drivers & Restraints
Paradigm shift towards better and efficient livestock management which involves regular check-ups at modernized healthcare centres for animals, growing preference for non-invasive technologies, savoury government policies and rising funding for the same, initiatives from NGOs and other private organizations, and growing healthcare expenditure are the primary drivers of market growth.
High cost, ambiguous regulatory framework and reimbursement policies are the primary restraints of market growth.
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Asia-Pacific Veterinary Diagnostics Market: Segmentation
• 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
o Haematology Analysers
o Haematology Cartridges
• Diagnostic Imaging
o Radiography Systems
o Ultrasound Imaging Systems
o CT Scanners
o MRI Scanners
o Immunoassay Analysers
o ELISA Tests
o Lateral-Flow Strip Readers
o Lateral-Flow Rapid Tests
o Allergen Specific Immunodiagnostic Tests
• 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
o South Korea
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Asia Pacific Veterinary Diagnostics Market: Overview
Rising number of cases of foodborne diseases is the reason why this report predicts Immunodiagnostics segment to grow robustly during the aforementioned forecast period.
Asia Pacific is anticipated to grow with the highest CAGR in the aforementioned forecast period. Population boom in the two major emerging economies of China and India is the primary factor attributable to the observable trend mentioned above. China is the market leader in Asia Pacific however, India is set on a high growth trajectory in the aforementioned forecast period.
Asia Pacific Veterinary Diagnostics Market: Key Players
Key players in the market include VCA Inc., Heska Corporation, Abaxis, Inc., VIRBAC, IDEXX Laboratories, Inc. Other players in the market include Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc.
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