The future of the global Livestock Diagnosis Market looks promising with opportunities in the reference laboratory, diagnostic hospital & clinic, and point-of-care testing markets. The global livestock diagnosis market is expected to reach an estimated $9.8 billion by 2030 with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are the growing cases of various foodborne and zoonotic diseases, increasing adoption of livestock-derived food products, and on-going technological advancements in livestock diagnostics.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the livestock diagnosis
market by product (consumables, systems, software, and others), technology
(immunodiagnostics, molecular diagnostics, and others), animal type (ruminants,
swine, poultry, and others), end use (reference laboratories, diagnostic
hospitals & clinics, point-of-care testing, and otherts), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Market Segmentation:
In this market,
consumables, systems, and software are the major segments of livestock
diagnosis market by product. Lucintel forecasts that consumables is expected to
witness highest growth over the forecast period due to increasing animal health
screening initiatives, rising awarness towards regular animal health check-up,
and introduction of various POC tests and assays. Within this market, reference
laboratories will remain the largest segment due to its increasing adoption in
diagnosis of rare or unusual diseases, as well as to confirm the diagnosis of
diseases that are difficult to diagnose using other method.
APAC is expected to
witness highest growth over the forecast period due to increasing population of
livestock animals, growing cases of zoonotic disease, and rising focus towards
adoption of new technologies in the region.
Idexx Laboratories,
Thermo Fisher Scientific, Biomérieux, Zoetis, Bio-Rad Laboratories, Indical
Bioscience, Agrolabo S.P.A, Neogen Corporation, Idvet, and GD Animal Health are
the major suppliers in the livestock diagnosis market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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