Livestock diagnostics is an essential tool that confirms livestock animals’ health status and enables pathogen identification. It is also used for the early detection, management, and control of livestock diseases, including zoonosis. This further helps to facilitate the safe trade of animals and animal-derived products. Thus, livestock diagnosis has emerged as an essential part of animal disease management and prevention. Over the last decade, the field of livestock diagnostics has developed due to the government initiatives towards the disease control and prevention in animals and the advancements of diagnostics products by some of the key players of the market.
In its latest publication on the Livestock Diagnostics Market, Meticulous Research states that the market is valued at $1.17 billion in 2021, and is expected to reach $2.02 billion by 2028, growing at a CAGR of 8.2% from 2021 to 2028.
The growth of the global livestock diagnostics market is mainly attributed to the increasing prevalence of zoonotic & foodborne diseases, rising government initiatives towards disease control and prevention in animals, increased consumption and production of animal-derived products, and increase in expenditure on farm animals.
To provide efficient analysis, Meticulous Research® has segmented this market based on product (consumables, systems, and software), technology (immunodiagnostics, molecular diagnostics, and other technologies), animal type (ruminants, swine, poultry, and other animals), end user (reference laboratories, veterinary hospitals & clinics, and point-of-care testing) and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).
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Geographically, North America commanded the largest share in this market. The large share of North America is mainly attributed to the technological advancements in veterinary diagnostics, increasing awareness about animal disease diagnosis, rising number of veterinarians, and increased spending on the healthcare of farm animals.
Based on product, the livestock diagnostics market is segmented into consumables, systems, software. The consumables segment is expected to grow at the highest growth during the forecast period. This is attributed to the availability of diseases specific test kits and assays, growing awareness regarding regular animal health check-ups, and the emergence of various POC tests and assays.
In terms of technology, the immunodiagnostics segment is estimated to account for the largest share of the global livestock diagnostics market in 2021 due to the continuous development of new biomarkers & their cost-benefit, growing adoption of automated platforms for ELISA, and higher preference for immunodiagnostics tests by veterinary practitioners owing to its high accuracy standards.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/livestock-diagnostics-market-5085
On the basis of animal type, the market is categorized into ruminants, swine, poultry, and other animals. In 2021, the ruminants segment is estimated to account for the largest share of the global livestock diagnostics market due to the growing population of ruminants, rising government initiatives for improving their health, and growing demand for food products derived from ruminants.
The report provides competitive data in terms of financials, growth strategies, product portfolios, and geographical presence of some of the key players in this market, including IDEXX Laboratories, Inc. (U.S.), Zoetis Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux S.A. (France), INDICAL BIOSCIENCE GmbH (Germany), Agrolabo SpA (Italy), Neogen Corporation (U.S.), IDvet (France), GD Animal Health (Netherlands), BioChek B.V. (Netherlands), and VMRD, Inc. (U.S.).
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