In recent years it has seen a tectonic shift with the emergence of new and technologically advanced products, which had an optimistic impact on the overall growth of the market.
Diagnostics provide tools for effective and rapid testing to undertake preventative or remedial measures for the health of the animal population. For instance, lateral flow and other rapid tests are used in veterinary medicine to test commercial livestock (large animals - cows, poultry, sheep, pigs, etc.) and household pets (cats, dogs, etc.) to test for the presence of a variety of medical conditions caused by bacteria, viruses, allergies, and fertility issues. Food animal diagnostics assist in livestock and production animal preventive care and complement other measures such as vaccination and selective breeding.
The Asia-Pacific Veterinary Diagnostics Market which is at $x.xx billion in 2018 is poised to reach $x.xx billion by 2023 at a CAGR of x.xx%.
Coming to the Asia-Pacific market, animal diseases are a major and increasingly important factor reducing livestock productivity especially in developing countries like India. While in many areas traditional methods are still widely used but most of them turn out to be ineffective or too slow to have any direct influence on clinical management of a particular case, providing results after several days. Thus the focus in the development in animal disease diagnostics has been toward rapid methods that can provide a conclusive answer.
Immunodiagnostics is expected to grow at a higher CAGR due to the increase in the number of foodborne diseases affecting the animals resulting in the increasing need to perform various tests. The market for Molecular diagnostics is also expected to grow due to the wide scope it provides over the likes of immunodiagnostics. Increase in purchase and usage of various diagnostic instruments that are utilized in veterinary practices, in-clinic diagnostic procedures, high income households that keep pets and regularly visit veterinary laboratories are propelling the growth of this market. However, increasing adoption of vegetarian food due to changing food habits, the economic downturn, the increasing risk of obesity, exposure to global cuisines are some of the factors affecting the growth.
The Asia-Pacific veterinary diagnostics market is segmented by products, type of animals, and geography. The veterinary diagnostics market is mainly categorized by product into clinical chemistry, molecular diagnostics, haematology analysers, diagnostic imaging, immunodiagnostics, and others. The animal market covers companion animals and food-producing animals. Furthermore, on the basis of geography, the Asia-Pacific Market is analysed under various regions namely, India, China, Japan and South Korea.
Some of the key players in the industry include VCA Inc., Heska Corporation, Abaxis, Inc., VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Design
2.3 Research Phases
2.3.1 Secondary Research
2.3.2 Primary Research
2.3.3 Econometric Modelling
2.3.4 Expert Validation
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Product
5.1.1 Clinical Chemistry
5.1.1.1 Urine Analysis
5.1.1.2 Glucose Monitoring
5.1.1.3 Blood Gas Electrolyte Analysis
5.1.2 Molecular Diagnostics
5.1.2.1 Micro Arrays
5.1.2.2 PCR Tests
5.1.2.3 Other Molecular Diagnostics Tests
5.1.3 Haemotology
5.1.3.1 Haemotology Analysers
5.1.3.2 Haemotology Catridges
5.1.4 Diagnostic Imaging
5.1.4.1 Radiography Systems
5.1.4.2 Ultrasound Imaging Systems
5.1.4.3 CT Scanners
5.1.4.4 MRI Scanners
5.1.5 Immunodiagnostics
5.1.5.1 Immunoassay Analysers
5.1.5.2 ELISA Tests
5.1.5.3 Lateral-Flow Strip Readers
5.1.5.4 Lateral-Flow Rapid Tests
5.1.5.5 Allergen specific Immunodiagnostic Tests
5.2 By Animals
5.2.1 Companion Animals
5.2.1.1 Canine Diagnostics
5.2.1.2 Feline Diagnostics
5.2.1.3 Other Veterinary Diagnostics
5.2.2 Food-Producing Animals
5.2.2.1 Bovine Diagnostics
5.2.2.2 Porcine Diagnostics
5.2.2.3 Ovine Diagnostics
5.2.2.4 Poultry Diagnostics
5.2.2.5 Piscine Diagnostics
6. Geographical Analysis
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Abaxis Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Heska Corporation
8.3 VCA Inc.
8.4 IDEXX Laboratories
8.5 Life Technologies Corporation
8.6 Bio-Rad Laboratories Inc.
8.7 Prionics AG
8.8 Pfizer Inc.
8.9 VIRBAC
8.10 Zoetis Inc.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
