The global veterinary diagnostics market to grow at a CAGR of 9.11% during the period 2017-2021.
The report, Global Veterinary Diagnostics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is technological advances. For laboratory diagnosis, the classical PCR is widely used to detect the nucleic acids in given specimen. It is a strong alternative to other detection methods, particularly in the virulence typing of Avian Influenza A virus.
According to the report, one driver in the market is increasing dependency on livestock products. Livestock are domesticated animals brought up in a farming setting to deliver wares, for example, food, fiber, and labor. The term is frequently used to allude exclusively to those raised for sustenance, and sometimes just for farmed ruminants like cattle and goats. In recent times, a few associations have additionally raised livestock to advance the survival of rare breeds. The breeding, support, and slaughter of these animals, known as animal husbandry, is a part of modern agriculture that has been practiced in many societies since humankind's move to farming from hunter-gatherer ways of life.
Further, the report states that one challenge in the market is loss of biodiversity. The International Union for Conservation of Nature (IUCN 2006) has revealed that one in three amphibian species, one in eight bird species, and one in four mammalian species are threatened with extinction globally, and the rate of extinction is expanding. The present circumstance speaks to a mass extinction that is unparalleled in Earth's history. Paleontologists trust it would be the sixth mass extinction since the first was identified happening 440 million years ago.