Veterinary Molecular Diagnostics Market Reaches US$ 284.7 Million by 2030, Growing at 6.4% CAGR

DWARKA, India - Dec. 20, 2023 - PRLog -- Market Definition, Market Scope, and Report Overview

Veterinary molecular diagnostics refers to the use of molecular biology techniques to identify and analyze genetic material (DNA or RNA) in animals for diagnostic purposes. This field involves the application of advanced molecular tools to detect and characterize various infectious diseases, genetic disorders, and other health-related conditions in animals.

The rising trend of pet ownership globally has led to increased spending on veterinary care. Pet owners are increasingly seeking advanced diagnostic services, including molecular diagnostics, to ensure the health and well-being of their pets.

According to a deep-dive market assessment by RationalStat, the global veterinary molecular diagnostics market has been analyzed on the basis of market segments, including products, technology, animal type, end user, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global veterinary molecular diagnostics market covers market sizes on the basis of market value (US$/EUR Million), volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global veterinary molecular diagnostics market. It also includes the industry's current state – Production levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Veterinary Molecular Diagnostics Market: Segmental and Market Share Analysis

• On the basis of animal type, companion animals segment held the largest market share of 62% in 2022 attributed to factors such as rising adoption of companion animals like dogs and cats.