North America Veterinary Diagnostics Industry Size, Growth, Share, Trends, Strategies to 2026 | Research Cosmos
North America Veterinary Diagnostics Market Size, Growth Rate Analysis:
The North America Veterinary Imaging Market was estimated at USD 529.5 million in 2018 and It is expected to reach USD 906.7 million, increasing at a compound annual rate of 8.12% over the forecast period 2018-2025. Veterinary diagnostics deals with the diseases of animal and also pertains to some specific services for the zoo animals. The expertise starts the treatment with the general tests which have to be performed in the laboratories with the samples. The advanced technological developments are providing efficient treatment procedures for well being of the animals and also approaching with considerable depth.
In urban areas the veterinary diagnostics are introducing super specialty centers along with effective laboratories and well-equipped instruments. For diagnosis of the disease, there are certain tools to monitor the disease progression or response to the therapy. They also provide health check up for the animals to known the underlying diseases. Veterinary diagnostics are operating at optimized conditions and very helpful in the industrial livestock production.
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North America Veterinary Diagnostics Market Growth Drivers and Restraints:
The growing number of pet animals is certainly a main cause for the growth of the North American market. The rise in the training programs and increased awareness towards the treatment procedures are additionally accelerating the growth of the market.
However, the cost for installation and maintenance of diagnostic devices is slightly restraining the growth of the market. The rapid changes in the economic strategies are also declining the growth of the market to some extent.
Emerging of advanced technology is greatly impacting the growth opportunities of the market by launching various equipments and services in favor to the animal’s health. The stringent rules and regulations by the government are also creating a chance for the growing demand of the regional market. The rise in the capital income and funding from the private organizations are yet to increase the growth rate in the near future.
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North America Veterinary Diagnostics Market – Geographic Overview:
Geographically, the global market is held by North America. The increased number of pet animals and awareness towards the treatment are key driving factors for the market growth in this region. Moreover, the increased incidences of chronic diseases is also boosting up the revenue shares of the veterinary diagnostics market in North America.
Some of the prominent players in the North American veterinary diagnostics market are IDEXX Laboratories, Inc. (US), Abaxis, Inc. (US), hermo Fisher Scientific, Inc. (US), Neogen Corporation (US), Heska Corporation (US), Zoetis, Inc. (US), and others.
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