Livestock Diagnostics Market Set to Soar Past USD 14.36 Billion by 2030

The global Livestock Diagnostics market size is expected to reach USD 14.36 billion by 2030 and exhibit a CAGR of 9% in the forecast period (2023−2030), according to Skyquest's latest research report. The increasing demand for safe and high-quality animal-derived products, rising prevalence of livestock diseases and the need for early detection and prevention, expansion of the livestock industry and the need for efficient disease monitoring are fueling the market's growth.

Westford USA, Aug. 09, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest's latest global research of the Livestock Diagnostics market, increased adoption of molecular diagnostics, growing use of artificial intelligence and machine learning in livestock diagnostics, the emergence of portable and handheld diagnostic devices, integration of diagnostics with data management systems, focus on multiplex testing for simultaneous detection of multiple pathogens, rising demand for on-farm diagnostics and decentralized testing, development of novel biomarkers for disease detection, increased collaboration between diagnostic companies and veterinary research institutions are the market trends promoting the growth.

Browse in-depth TOC on "Livestock Diagnostics Market"

  • Pages - 157
  • Tables - 37
  • Figures – 73

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Livestock diagnostics are tests that are used to identify diseases, parasites, and other health problems in livestock. They can be used to diagnose diseases early on, which can help to prevent the spread of disease and improve the health and productivity of livestock. Livestock diagnostics can also be used to test for fertility, which can help to improve the breeding of livestock.

Prominent Players in Livestock Diagnostics Market

  • IDEXX Laboratories
  • Zoetis
  • Bio-Rad Laboratories
  • Heska Corporation
  • Thermo Fisher Scientific
  • Abaxis
  • Virbac
  • Neogen Corporation
  • Charles River Laboratories
  • Antech Diagnostics
  • AgriLabs
  • LandLife Corporation
  • Merial
  • MSD Animal Health
  • Newborn Screening Services, Inc.
  • Qualitech Laboratories
  • Diamond Diagnostics
  • Agri-Vet Laboratories
  • VetGen

Browse summary of the report and Complete Table of Contents (ToC):

Consumable Type Demand to Grow Substantially in the Forecast Period

Consumable dominated the global market owing to its high various diagnostic tests and analysis. It is also the growth of consumables is the increasing adoption of diagnostic tests in livestock farming. Diagnostic tests help in the early detection and prevention of diseases, allowing for prompt and appropriate treatment, thereby minimizing the impact on livestock health and productivity.

Disease Detection and Diagnosis is the Leading Application Segment

In terms of application, disease detection and diagnosis is the leading segment due to the demand for timely and accurate diagnosis. In addition, regular monitoring of livestock populations helps in early detection of disease outbreaks, identification of disease trends, and implementation of preventive measures. This application involves conducting periodic testing of livestock samples, such as blood, tissue, or feces, to monitor disease prevalence and track changes in disease patterns over time.

North America is the leading Market Due to the Technological Advancements

Region-wise, North America is one of the largest growing markets with a huge emphasis on veterinary health infrastructure. The region is known for its strong focus on livestock health and welfare, stringent regulations, and high-quality animal products. The presence of key market players, technological advancements, and ongoing research and development activities contribute to the market dominance in this region.

A recent report thoroughly analyzes the major players operating within the Livestock Diagnostics market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Livestock Diagnostics.

Key Developments in Livestock Diagnostics Market

  • In January 2023, Zoetis acquired Abaxis, a leading provider of in vitro diagnostic (IVD) products for the veterinary market. The acquisition will help Zoetis to expand its portfolio of livestock diagnostic tests and to reach a wider range of customers.

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Key Questions Answered in Livestock Diagnostics Market Report

  • What specific growth drivers are projected to impact the market during the forecast period?
  • Can you list the top companies in the market and explain how they have achieved their positions of influence?
  • In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market's future growth?

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