May 21, 2019

Asia Pacific Veterinary Diagnostics Market Research Report 2025

Asia Pacific Veterinary Diagnostics Market Size Analysis

The Asia Pacific Veterinary Diagnostics market is anticipated to register a CAGR of around 11 % during the projected period, 2018 to 2025. The market is expected to reach a value of USD 1,216 million by the end of this period.

Asia Pacific Veterinary Diagnostics Market Growth Drivers and Insights

The increasing meat consumption, especially for chicken and pork, is adding to the vulnerability of dangerous foodborne pathogens. Moreover, there is a risk of emerging new stresses of influenza viruses, due to the large distance transportation of animals. The farms are often in the same area, with a combination of confined animals, which potentially improves the risk of avian influenza transferring to pigs. The reassortment of the disease can lead to new strains and cause epidemics among humans. Further, these farms raise the risk of spreading and mixing of virus strains. Intensive farm systems are causing the risk of emergence of these bacteria in the food, as stressed animals become more susceptible to infection. The risk of zoonotic diseases is feeding the market for Asia Pacific veterinary diagnostics. Inter-governmental organizations and the food producers are making reforms to ensure health by the process of surveillance and vaccination, spending in R&D, and shift with respect to pet health.

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The veterinary diagnostics market is gaining importance as a result of manufacturers concentrating on the products with specific formulations and manufacturing processes. The value of livestock animals is generating growth in the market as a consequence of more people using meat and dairy products. The population boom and the stable economy are anticipated to result in increased demand for protein-rich foods, particularly in developing regions of the Asia Pacific. Animal health organizations are well-positioned to address this increasing emerging market demand for higher-protein diets.

Geographic Insights of Asia Pacific Veterinary Diagnostics Market:

The vaccine segment in the Asia Pacific market is expected to record a healthy CAGR during the forecasted period due to the appearance of good healthcare infrastructure in the nation and also increasing awareness among the people is supporting the market growth.

China, India, Japan, South Korea, Australia, and others are among the prominent contributors to the Asia Pacific veterinary diagnostics market.

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Some of the key players covered in this Asia Pacific Veterinary Diagnostics Market study are:

The eminent companies that are supporting significantly to the revenue of the Asia Pacific market are Zoetis Inc., Idexx Laboratories, Acon Laboratories, Qiagen N.V., Inc., Sysmex Corporation, Fujifilm GmbH, Thermo Fisher Scientific Inc., Biomedical, Horiba, Ltd., Bio-Rad Laboratories, Inc., Neogen Corporation, Inc., Heska Corporation, Henry Schein, Alvedia and ID Vet.

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