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Redding, California - January 3, 2024

Europe Livestock Diagnostics Market to Reach $788.2 Million by 2031

Europe Livestock Diagnostics Market by Product (Consumables {Classical Swine Fever, Influenza}, System, Software), Technology (Immunodiagnostics {ELISA, LFA}, PCR), Animal Type (Swine, Bovine, Poultry), End User (POC, Veterinary Hospital) - Forecast to 2031

Meticulous Research^®—a leading market research company, published a research report titled ‘Europe Livestock Diagnostics Market by Product (Consumables {Classical Swine Fever, Influenza}, System, Software), Technology (Immunodiagnostics {ELISA, LFA}, PCR), Animal Type (Swine, Bovine, Poultry), End User (POC, Veterinary Hospital)-Forecast to 2031.'

According to this latest publication from Meticulous Research^®, the Europe livestock diagnostics market is expected to grow at a CAGR of 7.2% from 2024 to reach $788.2 million by 2031. The growth of this market is driven by the increasing livestock population, the increasing prevalence of food-borne and zoonotic diseases, and the presence of well-developed animal health infrastructure in the region. Additionally, favorable initiatives and policies to improve animal health and rising demand for animal-derived food products are expected to create growth opportunities for the stakeholders in this market. However, the shortage of veterinarians in rural areas of Europe poses a major challenge to the growth of this market.

Key Players

The key players operating in the Europe livestock diagnostics market 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), BioChek B.V. (Hungary), MEGACOR Diagnostik GmbH (Austria), and GD Animal Health (Netherlands).

Europe Livestock Diagnostics Market: Future Outlook

The Europe livestock diagnostics market is segmented by product [consumables (bovine viral diarrhea, influenza, swine fever, foot & mouth disease, Bluetongue Virus, and other diseases), systems, and software], animal type [ruminants (bovine and other ruminants), poultry, swine, and other livestock], technology [immunodiagnostics (ELISA and others), molecular diagnostics (PCR and other molecular diagnostic technologies), other technologies], end user [reference laboratories, veterinary hospitals & clinics, Point-of-Care/at-farm testing], and geography. The study also evaluates industry competitors and analyzes the market at country levels.

Based on product, the Europe livestock diagnostics market is segmented into consumables, systems, and software. In 2024, the consumables segment is expected to account for the largest share of the market. This large share can be attributed to the recurrent use of consumables, high preference for rapid diagnostics for efficient disease management, and availability of test kits for various animal diseases.

Based on animal type, the Europe livestock diagnostics market is segmented into ruminants, poultry, swine, and other livestock. The ruminants segment is expected to grow at the highest CAGR during the forecast period. Factors contributing to the segment’s growth are increasing demand & consumption of animal-derived food products, increasing livestock populations to meet the growing demand, and increasing animal-derived food product export activities to other countries.

Based on technology, the Europe livestock diagnostics market is segmented into immunodiagnostics, molecular diagnostics, and other technologies. In 2024, the immunodiagnostics segment is expected to account for the largest share of the market. The use of immunodiagnostic testing for disease diagnosis and monitoring is one of the major factors for the large share of the segment. Additionally, immunodiagnostic tests offer a rapid and near-patient testing option that helps farmers with early disease diagnosis and treatment. Moreover, immunodiagnostic tests are more cost-effective than other diagnostic tests.

Based on end user, the Europe livestock diagnostics market is segmented into reference laboratories, veterinary hospitals & clinics, and point-of-care/at-farm testing. The point-of-care/at-farm testing segment is expected to grow at the highest CAGR during the forecast period. The growing awareness among farmers regarding early disease diagnosis in animals and growing preference towards near-animal testing are the factors driving the growth of this segment.

Geographic Review

This research report analyzes major countries and comprehensively analyzes the Europe livestock diagnostics market in Germany, France, the U.K., Spain, Italy, Denmark, Switzerland, the Netherlands, Poland, Romania, Austria, and the Rest of Europe. Germany is expected to dominate the Europe livestock diagnostics market in 2024. The growing demand and consumption of animal-derived food proteins, the presence of large exporters of animal products, and large volumes of beef exports to other European countries are expected to support Germany’s large share.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5751

Key Questions Answered in the Report:

What is the current revenue generated through the sale of livestock diagnostic products in Europe?
At what rate is the demand for livestock diagnostic products in Europe projected to grow over the next 5–7 years?
What is the historical market size and growth rate of the Europe livestock diagnostics market?
What are the major factors impacting the growth of this market at the country level? What are the major opportunities for existing market players and new entrants in the market?
Which segments in terms of product, technology, animal type, and end user are creating major traction for the vendors in this market?
What are the key geographical trends in this market? Which countries are expected to offer significant growth opportunities for the vendors operating in the Europe livestock diagnostics market?
Who are the major players in the Europe livestock diagnostics market? And what are their specific product offerings in the Europe livestock diagnostics market?
What are the recent strategic developments in the Europe livestock diagnostics market, and what are the impacts of these developments on the market?

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Redding, California - January 3, 2024

Europe Livestock Diagnostics Market to Reach $788.2 Million by 2031

Europe Livestock Diagnostics Market by Product (Consumables {Classical Swine Fever, Influenza}, System, Software), Technology (Immunodiagnostics {ELISA, LFA}, PCR), Animal Type (Swine, Bovine, Poultry), End User (POC, Veterinary Hospital) - Forecast to 2031

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