Veterinary diagnostics plays a fundamental role in management and prevention of diseases in farm and domestic animals. Even a small outbreak of disease can cause arisk to entire animal community. Hence, the practice of veterinary diagnostics is very essential to ensure the overall wellbeing of these animals. Increasing the number of pet animals play a major role in the growth of the Veterinary Diagnostics Market.
Veterinary diagnostics includes the tests that assist in the determination and the identification of several diseases or disorders in the animals. The processes are performed through numerous methods that use their faeces, blood, and tissue samples. Data collected from millions of animal tissues, blood samples, and fluid samples also aidin creating drugs and vaccines.
Thus, the field of veterinary diagnostics is also growing exponentiallyto control and prevent diseases in farm and domestic animals. A major push in the development of this field has been towards innovative methods that can provide complete and robust results in less than 24 hours or even during the course of the early examination of the animal.Also, the new methods and technologies that have been established for the human diagnostics can be used extensively in the veterinary diagnostics.
A Few Components of Veterinary Diagnostic System:
- Vet Laboratory: Medical testing of infectious toxins or agents in animal diagnostic samples is conducted in vet laboratory.
- Vet Devices: These are the instruments, apparatuses, or accessories that are used for diagnosis of diseases and include diagnostic test kits, needles, syringes, surgical instruments, prosthetic devices, X-ray equipment, and dental appliances.
- Veterinary Diagnostic Test Kits: Various test kits include kits for activated clotting time in dogs and cats, non-refrigerated test kits with a shelf life of up to 18 months, and refrigerated veterinary diagnostic test kits with a shelf life of up to two years, urine testing, and parasite detection systems.
- Veterinary Diagnostic Techniques:For providing appropriate treatment, the diagnostic technique should be rapid, specific, sensitive as well as cost-effective. Here, Screening Tests and Confirmatory/Diagnostic Tests are the two major types of categories that are used respectively for clinically healthy animals to detect the possibility of a disease and for clinically diseased animal to confirm the diagnosis or classify disease status.
- Advances in Diagnostic Technology:Regardless of the routine use of conventional diagnostic assays, with the new molecular techniques, veterinarians can now use new tools for rapid and specific diagnosis of animal disease in real-time. Some of these new molecular diagnostic techniques include improved immunoassays, biosensors, nucleic acid diagnostics, non-polymerase chain reaction techniques for nucleic acid detection, proteomics, and nanotechnology etc.
Now, let’s look at some details about the veterinary diagnostics market.
The rise in the number of pets is believed to be a major driver for increasing the growth of the veterinary diagnostics market. According to Data Bridge Market Research, the global veterinary diagnostics market is expected to rise at annual rate of8.45% in the forecast period of 2021 to 2028.
Besides, other key factors that are expected to boost the growth of the veterinary diagnostics market in the forecast period are;
- The rise in the development in the companion animal population and the rise in the incidence of animal zoonotic diseases.
- An increased number of veterinary practitioners and their income levels in advanced countries may leadto the growth of the veterinary diagnostics market.
- Furthermore, the growing demand for animal-derived food products and the rise in the need for the pet insurance and growing animal health expenses is likely to propel the growth of the veterinary diagnostics market.
- In addition, the unmet advancing markets will further provide prospective opportunities for the growth of the veterinary diagnostics market in the coming years.
- The rise in the expenses of pet care is further projected to impede the growth of the veterinary diagnostics market in the timeline period.
However, the lack of animal healthcare alertness in some countries might challenge the growth of the veterinary diagnostics market in the near future.
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The major players of global veterinary diagnostics market are IDEXX Laboratories (U.S.) and VCA Antech (U.S.).
So, this is the brief information about veterinary diagnostics, its market growth, trends and its expected rise in the forecasted period.
North America will lead the veterinary diagnostics market due to the favourable healthcare structure. Furthermore, the rise in the healthcare expenses for animals mayincrease the growth of the veterinary diagnostics market in the region during the forecast period. Significant amount of growth can be observed in Asia-Pacific market due to the increasing support from the government entities.
The rise in the farm and domestic animal population, increased number of veterinary practitioners, unmet advancing markets,and the rise in the expenses of pet care are some of the key factors that will encourage the development of veterinary diagnostics market.