According to our new market research study on “Asia PacificCompanion Animal DiagnosticsMarketto 2027 – Regional Analysis and Forecast – by Technology,Application, Animal Typeand End-User”the market is expected to reach US$ 598.2 millionby 2027 from US$ 435.7 million in 2019; it is estimated to grow at a CAGR of 4.6% from 2020 to 2027. The report provides trends prevailing in the Asia Pacificcompanion animal diagnostics market and the factors driving the market growth along with those hindering it.
In 2019, the immunodiagnostics segment accounted for the largest market share of the companion animal diagnostics market. The growth of the market for this segment is attributed to the growing number of applications of immunoassay in veterinary science, including the detection of a wide range of diseases. Also, the adoption of generic products by veterinarians for companion animals is adding to the specificity and sensitivity of the tests such as ELISA tests, allergen-specific immunodiagnostic tests, and immunoassays, further propelling the growth of the market for immunodiagnostics during the forecast period.
Request For Sample Reports @ https://www.theinsightpartners.com/sample/TIPRE00013022/
The growth of the Asia Pacificcompanion animal diagnostics marketis mainly attributedas growing prevalence of chronic diseases in pet animals and increasing adoption of pet animals in the country. However,the rising pet care costs is the major factor hindering the market growth in Asia Pacific.
A few of the leading companies operating in the Asia Pacificcompanion animal diagnosticsmarket areShenzhen Mindray Bio-Medical Electronics Co., Ltd, Fujifilm Corporation, Skyla Corporation, Idexx Laboratories, Inc, andVirbac.
ASIA PACIFICCOMPANION ANIMAL DIAGNOSTICS MARKET SEGMENTATION
By Animal Type
You Can Buy This Report from Here@ https://www.theinsightpartners.com/buy/TIPRE00013022/
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Smart Market News brings you the stories of adopting innovative solutions and strategies that have been changing the world. Our insights on products, solutions, companies, and adoption of best practices help in understanding the markets better and make smarter decisions.
Smarter Decisions with Smart News
Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.