Growing Predominance of Zoonotic Ailments and the Rising Pet Population are Fueling the Growth of the Veterinary Diagnostics Market during the Forecast Period 2023-2028

The Veterinary Diagnostics Market size is estimated to reach US$5.1 billion by 2028, growing at a CAGR of 9.1% during the forecast period 2023-2028. The growth of the Veterinary Diagnostics Market is greatly fueled by the increasing predominance of zoonotic ailments and the rising pet population. North America (Veterinary Diagnostics Market) held the largest share of the Veterinary Diagnostics market with 39% of the overall market in 2022. Every year, 1 in 6 Americans acquires illness from consuming contaminated food like undercooked meat or eggs contaminated with feces from an infected animal. Contaminated food may cause sickness in people and animals inclusive of pets. The growing adoption of pets worldwide is fueling the growth of the pet population. This is propelling the growth of the Veterinary Diagnostics Industry, thereby contributing to the Veterinary Diagnostics Industry Outlook. Immunodiagnostics include immunoenzyme assays engaged in veterinary medicine like the Enzyme-linked Immunosorbent Assay (ELISA). Veterinary molecular diagnostics basically aim attention at the detection, identification and genotyping of pathogens. Different veterinary hematology instruments utilize distinct reticulocyte stains for an automated reticulocyte count.

Veterinary Diagnostics Market Growth Drivers:

Surging Applications of Immunodiagnostics:

Immunoblot analysis of serum and cerebrospinal fluid (CSF) offers antemortem information regarding exposure to S. neurona. The test uses cultured merozoites to discover antibodies directed against proteins that are rare to S. neurona. Antibodies generated by other organisms can be differentiated. Immunoblot testing of CSF has displayed 89% specificity and sensitivity amidst nearly 300 neurologic cases that accepted post-mortem examination. Positive CSF signifies that parasites have permeated the blood-brain barrier and encouraged a local immune response. Horses that tested positive in the beginning have become negative subsequent to numerous weeks of treatment and are seemingly recovered. The surging applications of Immunodiagnostics are therefore driving the growth of the Veterinary Diagnostics Market.

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Soaring Innovations in Molecular Diagnostics and Hematology:

Veterinarians have included novel molecular diagnostic methods, like Polymerase Chain Reaction (PCR) and Western blot, as well as enhanced older methods by utilizing recombinant antigens, monoclonal antibodies and synthetic peptides. Despite the routine application of traditional diagnostic assays, novel molecular methods have permitted veterinarians to utilize novel tools for accelerated and particular diagnosis of animal ailments in real time. The generation of particular proteins or peptides that act as target antigens or positive control reagents is feasible with novel biotechnological techniques, like the cloning of genes, overexpression of immunogens and application of expression vectors and peptide synthesis in existing and newly-developed immunoassays. Mindray Animalcare has performed continuous innovation in the hematology veterinary area. BC-5000 Vet is specifically custom-made to help diagnostic veterinary laboratories that require full CBC (Complete Blood Count) + 5-part results, with relatively reduced daily sample volume, limited lab space and a compact budget. Assays may discover as few as 1000 copies of viral DNA per milligram of stool. The soaring innovations in molecular diagnostics and hematology are therefore propelling the growth of the Veterinary Diagnostics Industry, thereby contributing to the Veterinary Diagnostics Industry Outlook.

Product Launch:

In November 2020, bioMérieux declared CLARION™, which is pioneering clinical informatics software that links diagnostic data in the U.S. The declaration corresponds with World Antimicrobial Awareness Week.

Veterinary Diagnostics Market: Competitive Landscape