Veterinary Molecular Diagnostics Market to Face a Significant Slowdown in 2021

Posted by aliena on February 1st, 2021

This Future Market Insights (FMI) report examines the ‘Veterinary Molecular Diagnostics Market: Global Industry Analysis (2013-2017) and Forecast (2018-2026)’. The primary objective of the report is to offer updates and information related to market opportunities in the global veterinary molecular diagnostics market.

Report Description

This Future Market Insights (FMI) report examines the veterinary molecular diagnostics market for the period 2013–2026. The primary objective of the report is to offer insights into developments in the veterinary molecular diagnostics market that are significantly transforming global businesses and enterprises.

The increasing demand for advanced veterinary molecular diagnostic kits, such as RT-PCR kits, DNA sequencing kits and microarray based diagnostic kits owing to the growing number of diagnostic procedures in livestock and companion animals is fuelling the revenue generation in global veterinary molecular diagnostics market. Increasing set up of new production facilities by the key manufacturers in growing economies coupled with increasing adoption of molecular diagnostic techniques in animals is anticipated to boost the production for molecular diagnostic kits and drives the growth for veterinary molecular diagnostics market over a forecast period.

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The increasing prevalence of chronic disorders in animals such as influenza, new castle disease and diabetes coupled with high prevalence of infectious diseases is further anticipated to fuel the demand for veterinary molecular diagnostics market. Increasing preference for molecular diagnosis on the account of their high specificity and efficacy in diagnosing chronic diseases in animals and presence of strong distribution channel is further anticipated to drive the growth of veterinary molecular diagnostics market over forecast period. Rising adoption of pets, increasing financial grants for innovation in veterinary diagnostics, fast FDA approvals for reagents used in animal molecular diagnostics, and increased consumer spending on veterinary care is also expected to drive the market revenue growth over the forecast period.

However, gaps in epidemiological knowledge of certain virulent veterinary diseases, high costs associated with veterinary molecular diagnosis and stringent regulatory approval process for novel molecular diagnostic kits resulting into product delays, may hamper the demand for veterinary molecular diagnostic kits and restrain the growth of veterinary molecular diagnostics market over forecast period. Also, the improper veterinary care research infrastructure in the emerging economies, limited reimbursement policies and Visa restrictions strangling vet practices coupled with shortage of veterinary doctors and colleges are some other factors anticipated to hinder the growth of the global veterinary molecular diagnostics market.

The Veterinary Molecular Diagnostics Market segmented as follows:

  • Veterinary Molecular Diagnostics Market, by Product type
  • Veterinary Molecular Diagnostics Market, by Disease Type
  • Veterinary Molecular Diagnostics Market, by Species Type
  • Veterinary Molecular Diagnostics Market, by End User
  • Veterinary Molecular Diagnostics Market, by Region

This report covers the global veterinary molecular diagnostics market performance in terms of revenue contribution from various segments. This section also includes FMI analysis of key trends, drivers, restraints, and opportunities, which are influencing the growth of the global veterinary molecular diagnostics market.  

The veterinary molecular diagnostics market report begins with an overview of the veterinary molecular diagnostics market. This section also underlines factors influencing growth of the veterinary molecular diagnostics market along with detailing of the key trends, drivers, restraints, opportunity and regulations. Impact analysis of key regional growth drivers and restraints based on the weighted average model along with key region-specific trends is included in report to better equip clients with information and hidden insights. At the end of the report, FMI has provided key strategic recommendation for both existing and new players in the market to emerge sustainably profitable.

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aliena

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aliena
Joined: August 4th, 2020
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