Ontario, CA -- (SBWIRE) -- 04/13/2020 -- Increasing prevalence of chronic diseases demanding effective diagnostics in pet animals is projected to fuel the growth. According to the Banfield Pet Hospital's State of Pet Health Report, canine diabetes had increased by 40% and feline diabetes had increased by 20% from 2011 to 2017. Moreover, rising number of pet owners indicating increased adoption of companion animals is anticipated to drive the overall revenue growth. According to a report by the Humane Society of the United States, in 2017, around 60.2 million U.S. households had at least one dog and around 47.1 million had at least one cat.

The Global Companion Animal Diagnostics Market size was estimated at USD 2.1 billion in 2018 and is expected to witness a CAGR of 8.4% during the forecast period.

Increasing demand for fully automated and semi-automated diagnostic tests is anticipated to further propel the demand for companion animal diagnostics. Automation in the tests will result in efficient handling of large volume of samples and increased productivity. The tests are cost effective and also cover a wide range of diseases. Moreover, increased use of glucose monitoring devices to diagnose diabetes at an early stage is projected to further propel the growth. The advent of micro fluids and miniaturization among others supported commercialization and development of in vitro diagnostic devices and imaging systems, which is projected to further propel growth of companion animal diagnostics.

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Segment by Key players:
- IDEXX Laboratories, Inc.
- Zoetis, Inc.
- Thermo Fisher Scientific, Inc.
- Virbac
- Heska Corporation
- Neogen Corporation
- bioMérieux SA
- IDvet
- INDICAL Bioscience GmbH
- Randox Laboratories Ltd.

Segment by Type:
- Clinical Biochemistry
- Urinalysis
- Immunodiagnostic
- Hematology
- Molecular Diagnostics

Segment by Application:
- Clinical Pathology
- Bacteriology
- Parasitology

Segment by Regions:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa

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Table of Content:

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Companion Animal Diagnostics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Companion Animal Diagnostics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Companion Animal Diagnostics Market - Supply Chain
4.5. Global Companion Animal Diagnostics Market Forecast
4.5.1. Companion Animal Diagnostics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Companion Animal Diagnostics Market Size (000' Units) and Y-o-Y Growth
4.5.3. Companion Animal Diagnostics Market Absolute $ Opportunity

5. Global Companion Animal Diagnostics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Companion Animal Diagnostics Market Size and Volume Forecast by Type
5.3.1. Fabricated Frame
5.3.2. Tube and Coupler
5.3.3. Mobile
5.3.4. Pole
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Companion Animal Diagnostics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Companion Animal Diagnostics Market Size and Volume Forecast by Application
6.3.1. Personal Decoration
6.3.2. Commercial Decoration
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Companion Animal Diagnostics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Companion Animal Diagnostics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Companion Animal Diagnostics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Companion Animal Diagnostics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Companion Animal Diagnostics Demand Share Forecast, 2019-2029

Continued……

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