At 6.34% CAGR, Companion Animal Diagnostic Market Size Worth USD 2913.01 million by 2028

April 25, 2023

Market Analysis and Insights : Global Companion Animal Diagnostic Market

Companion animal diagnostic market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 2913.01 million by 2028 growing at a CAGR of 6.34% in the above-mentioned forecast period. The growing awareness amongst the physicians and patients regarding the benefits of companion animal diagnostic which will further create lucrative opportunities for the growth of the market.

Companion animals are pets kept for the safety of a person, company, property or home. Such animals help to deter theft and to create a healthy environment. In the lives of many, service animals play an important part, offering a sense of belonging and obligation. The most widely used products for animal health are animal health products, especially feed.

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Global Companion Animal Diagnostic Market Scope and Market Size

Companion animal diagnostic market is segmented on the basis of technology, application, animal type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

Based on technology, the companion animal diagnostic market is segmented into immunodiagnostics, clinical biochemistry, hematology, urinalysis, molecular diagnostics, and others. Clinical biochemistry has been further segmented into clinical chemistry analysis, glucose monitoring, and blood gas and electrolyte analysis. Clinical chemistry analysis has been further sub segmented into clinical chemistry reagent clips and cartridges, and clinical chemistry analyzers. Glucose monitoring has been further sub segmented into blood glucose strips, glucose monitors, and urine glucose strips.
Blood gas and electrolyte analysis has been further sub segmented into blood gas and electrolyte reagent clips and cartridges, and blood gas and electrolyte analyzers. Immunodiagnostics have been further segmented into lateral flow assays, ELISA tests, allergen-specific immunodiagnostic tests, immunoassay analyzers, and other immunodiagnostic products. Lateral flow assays have been further sub segmented into rapid tests, and strip readers.
Other immunodiagnostic products have been further sub segmented into agglutination tests, fluorinated agglutination tests, immunohistochemistry, Western blot tests, non-infection immunoassays, complement fixation, agar gel immunodiffusion, and serum/virus neutralization.
Hematology has been further segmented into cartridges, and analyzers. Urinalysis has been further segmented into clips and cartridges/panels, urine analyzers, and urine test strips. Molecular diagnostics have been further segmented into polymerase chain reaction tests, microarrays, and other molecular diagnostic products. Others have been further segmented into microbiology tests and histopathology tests.

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Competitive Landscape and Companion Animal Diagnostic Market Share Analysis

Companion animal diagnostic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to companion animal diagnostic market.