Unveiling the Top Players in the Veterinary Immunodiagnostics Market
Author : Shital Thakare | Published On : 07 Dec 2023
Introduction:
The Veterinary Immunodiagnostics Market is on the brink of significant growth, with a projected Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period from 2022 to 2029. This market surge, anticipated to reach a substantial $2.25 billion by 2029, is driven by a confluence of factors. Rising demand for animal-derived food products, an increase in companion and livestock animals, and a surge in animal healthcare expenditure are the primary catalysts behind this upward trajectory. Moreover, factors such as growing awareness of animal healthcare, rising adoption of animals in developing nations, and supportive government policies further contribute to the expansion of the global veterinary immunodiagnostics market.
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Top 10 Companies in the Veterinary Immunodiagnostics Market:
Abaxis Inc.:
Established in 1989, headquartered in Union City, California, U.S.
Segments: Medical market and veterinary market.
Offers a range of analyzers and rapid tests for various diseases.
Geographic Presence: North America, Europe, Hong Kong, and others.
BioMérieux S.A.:
Founded in 1963, headquartered in Marcy Etoile, France.
Provides in vitro diagnostic products for clinical & industrial applications.
Offers reagents, instruments, software, and services for various diseases.
Geographic Presence: North America, Europe, Asia-Pacific.
IDEXX Laboratories, Inc.:
Established in 1983, headquartered in Westbrook, Maine, U.S.
Business Segments: Companion Animal Group (CAG), Water Quality Product (WATER), Livestock, Poultry, Dairy (LPD).
Offers diagnostic products, reference laboratory services, and more.
Geographic Presence: Americas, Europe, Asia-Pacific, Middle East & Africa.
Heska Corporation (formerly Paravax, Inc.):
Founded in 1988, headquartered in Loveland, Colorado, U.S.
Segments: Core Companion Animal Health (CCA), Other Vaccine, Pharmaceuticals & Products (OVP).
Focuses on advanced veterinary diagnostics and specialty products.
Geographic Presence: United States, Australia, South Africa, and more.
Virbac SA:
Established in 1968, headquartered in Carros, France.
Subsidiaries in India marketing medicines and feed supplements.
Business Segments: Companion animals and food-producing animals.
Geographic Presence: Europe, North America, Latin America, Asia, Middle East & Africa.
Zoetis Inc.:
Founded in 1952, headquartered in New Jersey, U.S.
Engaged in the discovery, manufacture, and commercialization of animal health medicines and vaccines.
Offers products under categories like anti-infectives, vaccines, and diagnostics.
Geographic Presence: United States, Europe, Africa & Middle East, Latin America, Asia Pacific.
ID.vet:
Established in 2004, headquartered in Grabels, France.
Develops, manufactures, and sells diagnostic tests for infectious diseases in farm animals.
Products sold in more than 90 countries through a robust distribution network.
Randox Laboratories Limited:
Founded in 1982, headquartered in Crumlin, United Kingdom.
Manufactures and exports healthcare diagnostics products.
Provides biochip analyzers, immunoassays, molecular diagnostics, and reagents.
Serves various sectors including hospital laboratories, veterinary clinics, and pharmaceutical companies.
Neogen Corporation:
Founded in 1982, headquartered in Lansing, Michigan, U.S.
Operates in two segments: Food Safety and Animal Safety.
Offers diagnostics, veterinary instruments, pharmaceuticals, and more.
Geographic Presence: Americas, Europe, Asia-Pacific, China.
Woodley Veterinary Diagnostics:
A division of Woodley Equipment Company Ltd., established in 1989, headquartered in the United Kingdom.
Manufactures and supplies laboratory equipment, diagnostic kits, and critical care products to worldwide veterinary distributors.
Recently expanded with premises in New York, USA, for global distribution.
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Popular Mention: Thermo Fisher Scientific Inc., and QIAGEN N.V.
Conclusion:
The Veterinary Immunodiagnostics Market is witnessing substantial growth, with key players contributing significantly to advancements in animal healthcare. These companies play a pivotal role in the industry, offering a diverse range of diagnostic products and services. As the market continues to evolve, staying abreast of the recent financial performance, key products, and strategic initiatives of these companies becomes paramount for stakeholders. For comprehensive insights, Meticulous Research®’s recent report provides a detailed analysis of each company, covering critical aspects such as partnerships, acquisitions, and the overall global market landscape.
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