Global Market for Vet Diagnostics Market Grows: Kalorama

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Dec 18, 2014, 07:37 ET

NEW YORK, Dec. 18, 2014 /PRNewswire/ -- The global market for veterinary diagnostics will reach an estimated 1.75 billion in 2014 and is projected to grow rapidly– as much as 5% in 2014 – according to Kalorama Information. The veterinary diagnostics market is best characterized preliminarily through its two primary segments: food animal (livestock and production animal) and companion animal (pets and domestic animals including horses) diagnostics. The two segments differ significantly in terms of demand drivers and primary product groups. Kalorama's report, World Market for Veterinary Diagnostics, looks at both of these two segments in detail.

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The report can be found at KI: http://www.kaloramainformation.com/Veterinary-Diagnostics-8572450/.

"Veterinary diagnostics have incorporated technologies and methods gained from human diagnostics and mainstream healthcare to develop a now full-fledged sister market," according to Emil Salazar, author of the healthcare market researcher's report. "That market remains open to further innovation."

In-vitro diagnostic (IVD) instrumentation and products have been extensively applied to veterinary healthcare; various assay forms, analytes and analyzers are transferrable from the clinical space to the veterinary clinic and laboratory. The veterinary diagnostics market also supports many test markets related to animal-specific diseases (e.g., bluetongue disease, classical swine fever, feline leukemia) and zoonotic diseases (or diseases capable of being transmitted from animals to humans such as influenza, transmissible spongiform encephalopathies, and brucellosis).

The current veterinary diagnostics market is largely characterized through the U.S. companion animal diagnostics market and European food animal diagnostics market. Companion animal diagnostics in Europe, rest of world (ROW) companion diagnostics and food animal infectious disease diagnostics represent submarkets with significant potential for growth. Consumer spending on companion animals is expected to rise in both Europe and high-growth middle income countries. Food animal diagnostics in the ROW countries will see superior growth through the implementation of disease surveillance and eradication programs with a significant component of swine infectious disease testing.

World Market for Veterinary Diagnostics provides discussions of key trends, as well as the clinical challenges facing the various sectors of the vet diagnostics industry. The report also profiles key companies in the industry, including:

Abaxis Corporation
Heska Corporation
IDEXX Laboratories Inc.
Life Technologies Corporation (Thermo Fisher)
Prionics AG (Thermo Fisher)
Zoetis
Other Market Participants

The report can be found at KI: http://www.kaloramainformation.com/Veterinary-Diagnostics-8572450/.

About Kalorama Information -- Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com.

Contact:
Bruce Carlson
(212) 807-2622
[email protected]
www.KaloramaInformation.com

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SOURCE Kalorama Information