In the past few years, with the emergence of new and technologically advanced products, the market is showing significant growth.
Latin America market for Immunodiagnostics is expected to grow at a higher CAGR due to the increase in the number of foodborne diseases affecting the animals and the rise in government regulations to maintain animal health. Especially Brazil, which is the 9th largest economy in the world is proving to be a lucrative market for investors. Adding to that, the market for Molecular diagnostics is expected to grow at a higher than that of Immunodiagnostics due to the broad scope it has over the likes of the latter.
An increase in purchase and usage of various diagnostic instruments 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 the adoption of vegetarian food due to changing food habits, the economic downturn, the increasing risk of obesity, exposure to global cuisines, and other diseases affect the growth.
Increasing costs related to pet care and imaging devices may restrain market growth. Also, economic downturn, growing acquisition of vegetarian food due to lifestyle changes, the rising threat of obesity, and exhibition to global cuisines are hampering the veterinary diagnostics market growth in this region.
This research report segmented and sub-segmented into the following categories:
Regionally, within Latin America, the Brazilian veterinary diagnostics market is anticipated to grow with the highest CAGR of this region. It is likely to continue its dominance over the period. The factor owing to growth is the number of critical diseases in pet animals like foot and mouth diseases, which influence the industries to develop new drugs for animal pets to improve their life span.
Mexico is anticipated to grow with the leading position of this region due to the growing demand for various animal healthcare products and services, increasing pet obtainments, and concerns related to animal health.
Leading companies operating in the Latin America Veterinary Diagnostics Market are VCA Inc., Heska Corporation, Abaxis Inc., VIRBAC, IDEXX Laboratories Inc., Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics Ae G, 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 Brazil
6.3 Argentina
6.4 Mexico
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
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