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DUBLIN--(BUSINESS WIRE)--Oct 12, 2022--
The "Companion Animal Diagnostics Market Analysis by Animal, by Application, by Technology by End User, and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
Increasing the number of veterinary practitioners in developed countries with increasing their income, rising pet insurance, demand, rising animal health care costs, and an increasing number of household animals are fueling the market.
Additionally, the growing demand for point-of-care diagnostics (POCD), the rising concern of pet owners for their pets, and the promoting guidelines being issued by government organizations around the world to promote veterinary services are some of the primary market drivers.
However, inadequate understanding of the numerous insurance policies available from public and private organizations for companion animal health and animal diagnostic tests, rising pet care costs, and limited out-of-pocket pet healthcare spending in developing nations are expected to restrain the market growth.
In 2021, North America had the greatest share of the market due to increasing animal health-care costs, expanding pet insurance, and the rising animal population fueling this market growth. During the projected period, the Asia-Pacific region is predicted to increase at the quickest rate owing to supportive government strategies, increasing pet adoption for companion partners, and increasing zoonotic diseases.
This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including animal, application, technology and end-user from 2022-2029.
Company Profiles
Companion Animal Diagnostics Market Analysis Report 2021-2029
Animal (Revenue, USD Million)
Application (Revenue, USD Million)
Technology (Revenue, USD Million)
End User (Revenue, USD Million)
By Region (Revenue, USD Million)North America
For more information about this report visit https://www.researchandmarkets.com/r/yhjnep
View source version on businesswire.com:https://www.businesswire.com/news/home/20221012005531/en/
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KEYWORD:
INDUSTRY KEYWORD: VETERINARY HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/12/2022 04:35 AM/DISC: 10/12/2022 04:36 AM
http://www.businesswire.com/news/home/20221012005531/en