PUBLISHER: Value Market Research | PRODUCT CODE: 1547502
PUBLISHER: Value Market Research | PRODUCT CODE: 1547502
The global demand for Equine Diagnostic Services Market is presumed to reach the market size of nearly USD 344.87 Million by 2032 from USD 212.1 Million in 2023 with a CAGR of 5.55% under the study period 2024-2032.
Equine diagnostic services are mainly defined as lab testing work services for equine patients in clinics, hospitals, individual labs, and owners' farms through equine field service. Equine diagnostic services provider conducts a diagnostic analysis of equine specimens from veterinarians and agencies to determine the cause of infection or identify diseases. These specimens include a piece of tissue or a tube of blood. In addition, numerous tests, such as genetic tests and infectious diseases tests, are often suggested in healthy and sick equine. The analysis of these tests in conjunction allows rapid and invasive or non-invasive assessment of the major organ systems.
The global equine diagnostic services market is projected to witness notable growth during the forecast period. Expanding horse pet owners, increased animal healthcare expenditure, growing awareness, and increasing diseases and infection burden among equine are key driving forces. Rising diagnostic rates, availability of better treatment options are other factors augmenting the market's growth. Accurate and fast results, expanding veterinary clinics, labs, and the range of comprehensive diagnostic services for horses that include pathogen testing, DNA testing, and blood testing also support market growth. In addition, scientists in the domain are developing new technologies and kits to diagnose equine diseases. However, limited research, lack of health practitioners, and low awareness among owners of some regions are likely to hinder the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Equine Diagnostic Services. The growth and trends of Equine Diagnostic Services industry provide a holistic approach to this study.
This section of the Equine Diagnostic Services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Equine Diagnostic Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Equine Diagnostic Services market include Generatio GmbH, EquiSeq Inc., VetGen, Animal Genetics Inc, Veterinary Genetics Laboratory, Etalon Inc., Equine Diagnostic Solution LLC, Idexx Laboratories Inc, B&W Equine Vets And Neogen Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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