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Animal Health Diagnostics Market: Rising awareness about zoonotic diseases to drive growth
The risk of zoonotic disease is growing due to the rising cross-continental travel and increased rate of globalization. To prevent the transmission of zoonotic diseases, WHO implemented several initiatives such as tracking, surveillance, reporting activities, and response plan development in case of epidemics. The chances of zoonotic disease transmission can be further reduced through professional and public education. The demand for animal health diagnostics will grow due to the rising awareness about zoonotic diseases, which in turn, will fuel market growth.
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As per Technavio, the increase in pet humanization will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
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Animal Health Diagnostics Market: Segmentation Analysis
This market research report segments the animal health diagnostics market by Type (Livestock and Companion) and Geography (North America, Europe, Asia, and ROW).
56% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the animal health diagnostics market in North America. Market growth in this region will be slower than the growth of the market in Asia. The animal health diagnostics market growth in North America can be attributed to the growing humanization of dogs and cats and an increase in the adoption of pets.
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Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Report: https://www.technavio.com/report/animal-health-diagnostics-market-industry-analysis
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