According to Vision Research Reports, the global companion animal diagnostics market size surpassed at US$ 2.4 Bn in 2019 and to reach US$ 5.2 billion by 2027 with a CAGR of 9.2% from 2020 to 2027.
Expansion of the global companion animal diagnostics market can be attributed to a rise in the incidence of obesity and other diseases in companion animals and increasing pet ownership.
North America dominated the global companion animal diagnostics market in 2019, and the trend is anticipated to continue during the forecast period. Highly structured healthcare industry, early new product adoption, and presence of major market players are expected to drive the market in North America.
Asia Pacific is expected to be a highly lucrative market for companion animal diagnostics, expanding at a high CAGR during the forecast period.
Clinical biochemistry to Dominate Companion Animal Diagnostics Market
Clinical Pathology to Offer Lucrative Opportunities
Veterinary Reference Laboratories Account for Major Market Share
North America to Dominate Global Companion Animal Diagnostics Market
Leading players analyzed in the report on the global companion animal diagnostics market include
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Scope of the Report
VRR’s report on the global companion animal diagnostics market studies the past as well as current growth trends and opportunities, to gain valuable insights of the indicators for the said market for the forecast period of 2019 to 2027. The report provides overall market revenue of the global companion animal diagnostics market for the period of 2017–2027, considering 2020 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global companion animal diagnostics market from 2020 to 2027.
The report is prepared after extensive research. Primary research involved bulk of the research efforts, wherein, analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Extensive secondary research involved reaching out to key players’ product literature, annual reports, press releases, and relevant documents to understand the companion animal diagnostics market.
Secondary research also includes Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of the top-down and bottom-up approach to study various attributes of the companion animal diagnostics market.
The report includes an elaborate executive summary along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global companion animal diagnostics market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global companion animal diagnostics market.
The report delves into the competitive landscape of the global companion animal diagnostics market. Key players operating in the global companion animal diagnostics market are identified and each one of them is profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global companion animal diagnostics market that are profiled in this report.
Key Questions Answered
Research Objectives and Research Approach
The comprehensive report on the global companion animal diagnostics market begins with an overview, followed by the scope and objectives of the study. Following this, the report provides detailed explanation of the objectives behind this study, key vendors and distributors operating in the market, and regulatory scenario for the approval of products.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
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