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Redding, California - May 27, 2024

Livestock Diagnostics Market Expected to Reach $2.56 Billion by 2031

Livestock Diagnostics Market Size, Share, Forecast, & Trends Analysis by Product (Consumables {Influenza, BTV, TB, BHV, FMD, PRRS, BVD}, System), Technology (Immunodiagnostics, PCR), Animal (Bovine, Swine, Poultry), End User – Global Forecast to 2031

Meticulous Research^®– a leading global market research company published a research report titled “Livestock Diagnostics Market Size, Share, Forecast, & Trends Analysis by Product (Consumables {Influenza, BTV, TB, BHV, FMD, PRRS, BVD}, System), Technology (Immunodiagnostics, PCR), Animal (Bovine, Swine, Poultry), End User – Global Forecast to 2031”

According to this latest publication from Meticulous Research®, the livestock diagnostics market is projected to reach $2.56 billion by 2031, at a CAGR of 8.4% from 2024 to 2031. The growth of the livestock diagnostics market is driven by several factors, including the increasing prevalence of various foodborne and zoonotic diseases, rising demand for livestock-derived food products, favorable government initiatives, and technological advancements in veterinary diagnostics. Furthermore, the growth in emerging markets is expected to create opportunities for the livestock diagnostics market.

Key Players

The key players profiled in the livestock diagnostics market report are IDEXX Laboratories, Inc. (U.S.), Zoetis Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux S.A. (France), INDICAL BIOSCIENCE GmbH (Germany), Agrolabo SpA (Italy), Neogen Corporation (U.S.), IDvet (France), GD Animal Health (Netherlands), BioChek B.V. (Netherlands), and VMRD, Inc. (U.S.).

The livestock diagnostics market is segmented by Product (Consumables [Bovine Viral Diarrhea, Influenza {Avian Influenza, Swine Influenza, Other Influenza}, Foot and Mouth Disease (FMD), Bluetongue (BTV), Bovine Tuberculosis (TB), Bovine Herpes Virus (BHV), Porcine Reproductive and Respiratory Syndrome (PRRS), Newcastle Disease, Avian Mycoplasma, Other Diseases], Systems, Software), Technology (Immunodiagnostics [Enzyme-Linked Immunosorbent Assay (ELISA) Tests, Other Immunodiagnostic Tests], Molecular Diagnostics [Polymerase Chain Reaction (PCR) Tests, Other Molecular Diagnostic Tests], Other Technologies), Animal Type (Ruminants [Bovine Animals, Other Ruminants], Swine, Poultry, Other Livestock Animals]), End User (Reference Laboratories, Veterinary Hospitals & Clinics, and POC Testing), and Geography.

Based on product, the livestock diagnostics market is segmented into consumables, systems, and software. In 2024, the consumables segment is expected to account for the largest share of 66.6% of the livestock diagnostics market. The segment’s large share can be attributed to the commercial availability of a diverse range of reagents and consumables for various diseases and animal health screening, the recurrent nature of consumables, the availability of disease-specific test kits and assays, and growing awareness regarding regular animal health check-ups.

Based on technology, the livestock diagnostics market is segmented into immunodiagnostics, molecular diagnostics, and other technologies. In 2024, the immunodiagnostics segment is estimated to account for the largest share of the livestock diagnostics market. The segment’s large share is attributed to its implementation in diagnostics as well as for quality-control programs, as they are rapid, convenient, and accurate research tools for the detection and quantitation of targets. Further, the continuous development of new biomarkers & their cost-benefit and the growing adoption of automated platforms for ELISA are expected to increase the adoption of this technology.

Based on animal type, the livestock diagnostics market is segmented into ruminants, swine, poultry, and other animals. In 2024, the ruminants segment is estimated to account for the largest share of the livestock diagnostics market. The segment’s large share is attributed to factors such as their growing population, rising government initiatives for improving their health, and growing demand for food products derived from ruminants. The ruminants segment is further segmented into bovine and other ruminants, which comprises sheep, goats, deer, elk, giraffes, and camels.

Based on end user, the market is segmented into reference laboratories, veterinary hospitals & clinics, and point-of-care testing. In 2024, the reference laboratories segment is estimated to account for the largest share of the livestock diagnostics market. The segment’s large share is attributed to factors such as higher adoption of livestock diagnostic products by reference laboratories, growing R&D activities to impart advancements in the procedures of animal health checks, and growing preference for clinics, small to mid-sized hospitals, and farm owners towards utilizing health screening and diseases diagnostic services offered by reference laboratories.

Based on geographies, the livestock diagnostics market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, North America is expected to account for the largest share of the livestock diagnostics market, followed by Europe and Asia-Pacific. However, the Asia-Pacific region is expected to register the highest CAGR during the forecast period. Growth in this market is expected to be driven by factors such as the large population of livestock animals, rising incidence of various zoonotic diseases, rising awareness about animal health, and increasing income levels.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5085

Key questions answered in the report:

Which are the high-growth market segments in terms of livestock diagnostics by product, technology, animal type, end user, and geography?
What was the historical market for livestock diagnostics across the globe?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the livestock diagnostics market?
Who are the major players operating in the livestock diagnostics market?
What is the competitive landscape like, and who are the leaders in the livestock diagnostics market?
What are the recent developments in the livestock diagnostics market?
What are the different strategies adopted by the major players in the livestock diagnostics market?
What are the geographical trends and high-growth regions/countries?

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Redding, California - May 27, 2024

Livestock Diagnostics Market Expected to Reach $2.56 Billion by 2031

Livestock Diagnostics Market Size, Share, Forecast, & Trends Analysis by Product (Consumables {Influenza, BTV, TB, BHV, FMD, PRRS, BVD}, System), Technology (Immunodiagnostics, PCR), Animal (Bovine, Swine, Poultry), End User – Global Forecast to 2031

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