The growing adoption of animal diagnostic products by reference laboratories, the rising number of samples analyzed in reference laboratories, and the growing preference for diagnostic services offered by reference laboratories are the major factors driving the growth of this segment. Factors contributing to the large share of this segment include a higher preference for immunodiagnostics tests by veterinary practitioners due to their relatively lower cost and high accuracy standards the increasing usage of miniaturized devices the emergence of advanced diagnostic immunoassay formats and the rising trend of automation in immunoassay instruments.īased on end user, in 2022, the diagnostic laboratories segment is estimated to account for the largest share of the companion animal diagnostics market. Quick Buy – Companion Animal Diagnostics Market Research Report: īased on technology, in 2022, the immunodiagnostics segment is estimated to account for the largest share of the companion animal diagnostics market. Additionally, the growing awareness regarding regular animal health check-ups and the emergence of various POC tests and assays are further expected to expand the portfolio of these consumables. Factors attributing to the largest share of this segment include frequent use and availability of a diverse range of reagents and consumables for various diseases. The study also evaluates industry competitors and analyzes the regional and country-level markets.īased on products, in 2022, the consumables segment is estimated to account for the largest share of the companion animal diagnostics market. The global companion animal diagnostics is segmented by Product, Technology, Animal Type, and End User. Ĭompanion Animal Diagnostics Market: Future Outlook The aim of creating an EcoHealth/One Health Institute is to tackle major and complex animal health concerns in China. In addition, in August 2018, Shandong University approved a proposal to create an EcoHealth/One Health Institute in China with Chinese and international professionals from varied veterinary and environmental health disciplines. For instance, in August 2019, Boehringer Ingelheim International GmbH ( Germany), a world-leading animal health company, opened its Boehringer Ingelheim Health Management Centre (HMC) in China to integrate animal disease and health diagnostics and monitor tools to maintain and enhance animal health. Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: Įmerging countries in the Asia-Pacific region offer high growth opportunities for companion animal diagnostic manufacturers due to the rising incidence of various zoonotic diseases, rising awareness about animal health, and increasing income levels.įurthermore, the government bodies of developing countries are undertaking several campaigns and schemes to combat animal disease outbreaks. The prevalence of diabetes mellitus in dogs increased from 23.6 cases per 10,000 in 2015 to 38 cases per 10,000 in 2018, a total increase of 61.0%. State of Pet Health 2018 report, the prevalence of diabetes mellitus in felines increased from 67.6 cases per 10,000 in 2015 to 94 cases per 10,000 in 2018, with a total increase of 39.1%. Approximately 80% of diabetic cats suffer from Type 2-like diabetes, while the remaining 20% suffer from Type 1 diabetes. Dogs are more commonly diagnosed with Type I diabetes mellitus. Diabetes mellitus is a chronic disease that requires lifelong treatment, medication, and proper monitoring. A major factor contributing to the growth of the companion animal diagnostics market is the increasing prevalence of diseases in companion animals, such as diabetes mellitus & heartworm disease, which are the most common diseases diagnosed in dogs and cats.
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