Equine Diagnostic Services Market to Surpass US$280 Million by 2030, Says TMR

  • Growing demand for specialized testing solutions and comprehensive services among pet owners is expanding profitable avenues for service providers in the equine diagnostic services market
  • Growing need for whole body equine veterinary imaging to unlock a vast lucrative avenue; a well-established equine health infrastructure North America very lucrative

ALBANY, NY, March 23, 2022 /PRNewswire/ — Veterinarians, animal owners and the scientific community at large are increasingly aware of the need for advanced and comprehensive tests for the diagnosis and management of infectious diseases in horses. The test vendors in the equine diagnostic services market offer fast and affordable pathogen testing, DNA testing, and blood testing to build their credibility. The global equine diagnostic services market revenue is expected to reach around US$280 million by 2030, projects a TMR study.

The growing number of certified veterinary specialists in the market has enriched the value chain. Over the years, the affordability and accessibility of genetic testing has increased, expanding the profitable avenues for companies in the equine diagnostic services market. Advances in veterinary imaging systems are driving revenue streams, TMR analysts have observed for an in-depth study on the equine diagnostic services market.

Request the brochure of Equine Diagnostic Services Market Research report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=78964

However, there is a general lack of awareness of complex infectious diseases and presents an unmet need for market players. Nevertheless, the huge economic losses resulting from these diseases in several countries are catalyzing advances in diagnostics and laboratory infrastructure. The focus on specific etiologies is driving the adoption of demand for specialized testing solutions, and the trend is expanding lucrative avenues in the equine diagnostic services market.

Key Findings of the Equine Diagnostic Services Market Research

  • The growing adoption of specialized testing solutions presents lucrative avenues: Equestrian associations in developed countries are increasingly adopting specialized tests for various breeds of horses. Advances in laboratory infrastructure have enabled service providers to offer affordable specialized testing solutions, thereby expanding the possibility of cost-effective avenues in the equine diagnostic services market. In addition, the demand for comprehensive tests relating to phenotypic testing has spurred the need to expand the range of serological tests to make care more targeted. On the other hand, the need for timely infectious disease testing is propelling the revenue generation in the equine diagnostic services market.

Request for analysis of the impact of COVID-19 on Equine Diagnostic Services Markethttps://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=78964

  • Advances in Equine Veterinary Imaging Systems to Catalyze Demand: The need for a state-of-the-art scanner for horses opened up a promising avenue. Of note, whole-body equine veterinary imaging systems present a lucrative avenue, observed the authors of the TMR study in the equine diagnostic services market. The service providers offer state-of-the-art equine veterinary imaging systems, especially with advanced technologies in Magnetic Resonance Imaging (MRI). The demand for MRIs has increased among racehorse trainers, especially where horse racing and betting is a popular sport.

Equine Diagnostic Services Market: Key Drivers

  • Infectious disease prevalence is a key driver of the equine diagnostic services market
  • The increasing use of point-of-care testing in equine practice has resulted in massive revenues in the equine diagnostic services market over the past few years. It should be noted that benchtop diagnostic modalities will reinforce diagnostic-focused veterinary patient care concepts, thereby broadening the canvas for industry players.

Get an exclusive sample PDF copy of Equine Diagnostic Services Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78964

Equine Diagnostic Services Market: Regional Growth Dynamics

North America held the leading share in the global equine diagnostic services market in 2019 and is expected to maintain its lead over the forecast period. Rising demand for diagnostic services for infectious anemia, salmonellosis, Clostridial enteritis and several other diseases propelled revenue growth.

The evolving field of genetic testing in equine medicine has fueled the demand for equine diagnostic services in the region. Advances in genomics techniques are catalyzing evolution.

Inquire Before You Buy – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=78964

Equine Diagnostic Services Market: Competition Landscape

A large number of players in the global equine diagnostic services market makes the landscape increasingly fragmented. Some of the major market players are:

  • Neogen Corporation
  • B&W Equine Vets
  • IDEXX Laboratories, Inc.
  • Equine diagnostic solution
  • Stallion Inc.
  • Veterinary Genetics Laboratory
  • Animal Genetics Inc.
  • EquiSeq Inc.
  • Generation GmbH

Global Equine Diagnostic Services Market: Segmentation

  • Equine Diagnostic Services Market, By Service Type
    • Genetic test
    • Phenotype test
    • Screening for infectious diseases
    • Others
  • Equine Diagnostic Services Market, By Service Parameter
    • Hospitals & Clinics
    • Laboratory tests and mobile parameters
  • Equine Diagnostic Services Market, By Region
  • North America
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of Middle East & Africa

Modernization of healthcare in terms of infrastructure and services has pushed the healthcare industry to new heights, stay updated with Latest Health Industry Research Reports by Transparency Market Research:

Hydrocortisone Market: The global hydrocortisone market was valued at ~US$1 billion in 2019 and is expected to grow at a CAGR of approximately 4% from 2020 to 2028. Adrenal insufficiency is a serious pathological condition characterized by decreased production or action of glucocorticoids and/or mineralocorticoids and androgens adrenals. Prevalence of chronic primary adrenal insufficiency in Europe doubled from 40 to 70 cases per million population in the 1960s to 93 to 144 cases per million population at the end of 2017.

Anthelmintic Drugs Market: The global anthelmintic drugs market was valued at ~2 billion USD in 2019 and is expected to expand at a moderate CAGR over the forecast period. Anthelmintic drugs are the group of antiparasitic drugs recommended for the treatment of helminths in the body. Anthelmintic drugs are used to eliminate parasitic forms, such as roundworms, tapeworms, whipworms and pinworms from animals and humans.

Atipamezole Market: The global atipamezole market was valued at US$60 million in 2019. It is expected to grow at a CAGR of approximately 1% from 2020 to 2030. Atipamezole is a specific α2 antagonist that was developed to reverse the actions of medetomidine and has marketing authorization for dogs and cats. Medetomidine and antagonism with atipamezole are currently widely used in small animal practice.

About Us

Transparency Market Research is a global market intelligence company, providing global market intelligence reports and services. Our proprietary blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With broad research and analytical capability, Transparency Market Research uses rigorous primary and secondary research techniques to develop distinctive datasets and research material for trade reports.

For more information on research on leading industries, visit our YouTube channel and click subscribe for future update – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Rohit Bhisey
Transparency Market Research
state tower,
90 State Street,
Office 700,
Albany NY – 12207
United States
United States – Canada Toll Free: 866-552-3453
E-mail: [email protected]
Follow us: Twitter | LinkedIn Blog: https://tmrblog.com Browse RP – https://www.transparencymarketresearch.com/pressrelease/equine-diagnostic-services-market.htm

SOURCE Transparency Market Research


Comments are closed.