London, 07 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Veterinary Diagnostics Market 2014-2018, which is expected to post a CAGR of 8.1 percent during 2014-2018.
Veterinary diagnostics provides a full range of diagnostic tests to detect diseases in animals. The diagnostic services are provided to veterinarians, pet owners, livestock producers, and biomedical researchers. The technologies and methods are incorporated from human diagnostics to develop a full-fledged market for further innovation.
Key Market Drivers
- Increased Prevalence of Diseases in Animals
- Increase in Number of Companion Animals
- Increase in Per Capita Income in Emerging Economies
Key Market Trends
- Early Animal Molecular Diagnostics
- Popularity of Nanotechnology Application
“The growth in the market is attributed to a wide range of applications in various clinical assays. The enhancement of products by adopting new technologies has driven the market share globally,” says Faisal Ghaus, Vice President of TechNavio.
“Moreover, Nanotechnology application provides a solution to techniques from nanocapsule vaccines to sex selection for breeding. Nanotechnologies involve atomic, molecular, and supra-molecular levels of work ranging in scale of 1-100 nm.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
