Market Overview:
The global livestock diagnostic market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of livestock diseases, rising demand for meat and milk, and growing awareness about animal health and hygiene. The cattle diagnostic products segment is expected to dominate the global livestock diagnostic market in terms of revenue share during the forecast period. This segment is projected to grow at a CAGR of 7% from 2018 to 2030.
Product Definition:
Livestock Diagnostic is the process of identifying and diagnosing diseases in livestock. The importance of Livestock Diagnostic is to protect livestock from disease, which can cause significant economic losses.
Cattle Diagnostic Products:
Cattle diagnostic products are the tools or devices used for examination, identification and classification of diseases in cattle. The factors that propel the growth of this market include growing demand for dairy products and meat across the globe. Moreover, increasing adoption rate of these devices by farmers due to their cost effectiveness is also expected to drive growth during the forecast period.
Sheep Diagnostic Products:
Sheep diagnostic products are used for the diagnosis of diseases, infections and other health conditions in sheep. The market is expected to grow at a significant rate owing to increasing demand for animal based products coupled with rising awareness among farmers regarding the benefits offered by these diagnostics kits.
The major drivers of this market include growing population along with increasing disposable income levels in emerging economies such as China and India.
Application Insights:
Livestock disease prevention segment held the largest market share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to a rise in demand for advanced products that offer complete protection against livestock diseases. For instance, according to a study published by Food and Agriculture Organization (FAO) of the United Nations, it was observed that about 60% of pigs get infected with Porcine Epidemic Diarrhoea (PED). To prevent this, farmers are using diagnostics products which help them monitor animal health & identify signs of illness early.
The treatment segment is expected to witness significant growth over the forecast period owing to rising prevalence of infectious diseases among animals worldwide. According to an article published by The Conversation, Inc., about 80-90% of antibiotics sold are used for food-producing animals such as cattle, pigs and chickens which points out towards huge potential market for livestock drugs/vaccines globally.
Regional Analysis:
North America dominated the global livestock diagnostics market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to high animal health awareness, presence of major players, and technological advancements in animal health products & services. In North America, Mexico is considered as a key market for meat production owing to availability of feed resources and water bodies within the country’s territory.
In Asia Pacific, China accounted for a major revenue share due to presence of large number feedlots across India.
Growth Factors:
- Increasing demand for meat and dairy products: Livestock diagnostic market is expected to grow with the increasing demand for meat and diary products across the globe. The global population is projected to reach 9 billion by 2050, which will result in an increase in the demand for food, including meat and diary products. This will create opportunities for livestock diagnostic companies to expand their business operations.
- Rising awareness about animal health: There is a growing awareness among people about animal health and its importance in human health. This has led to an increase in the adoption of livestock diagnostics by farmers and veterinarians worldwide.
- Technological advancements: The livestock diagnostic market is witnessing rapid advancements in technology, which is helping companies offer innovative solutions that improve accuracy and efficiency of diagnosis procedures. Such technological advances are likely to fuel growth of this market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Livestock Diagnositic Market Research Report
By Type
Cattle Diagnostic Products, Sheep Diagnostic Products, Pig Diagnostic Products, Others
By Application
Livestock Disease Prevention, Livestock Disease Treatment, Others
By Companies
IDEXX, Zoetis, Bio-Rad, INDICAL BIOSCIENCE, Agrolabo, Neogen Corporation, ID-VET, GD Animal Health
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Livestock Diagnositic Market Report Segments:
The global Livestock Diagnositic market is segmented on the basis of:
Types
Cattle Diagnostic Products, Sheep Diagnostic Products, Pig Diagnostic Products, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Livestock Disease Prevention, Livestock Disease Treatment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IDEXX
- Zoetis
- Bio-Rad
- INDICAL BIOSCIENCE
- Agrolabo
- Neogen Corporation
- ID-VET
- GD Animal Health
Highlights of The Livestock Diagnositic Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cattle Diagnostic Products
- Sheep Diagnostic Products
- Pig Diagnostic Products
- Others
- By Application:
- Livestock Disease Prevention
- Livestock Disease Treatment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Livestock Diagnositic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Livestock diagnostics is the application of diagnostic techniques to livestock. This may include, but is not limited to, examination of body condition score (BCS), blood samples for analysis of disease markers, and radiographs.
Some of the major players in the livestock diagnositic market are IDEXX, Zoetis, Bio-Rad, INDICAL BIOSCIENCE, Agrolabo, Neogen Corporation, ID-VET, GD Animal Health.
The livestock diagnositic market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Livestock Diagnositic Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Livestock Diagnositic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Livestock Diagnositic Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Livestock Diagnositic Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Livestock Diagnositic Market Size & Forecast, 2020-2028
4.5.1 Livestock Diagnositic Market Size and Y-o-Y Growth
4.5.2 Livestock Diagnositic Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cattle Diagnostic Products
5.2.2 Sheep Diagnostic Products
5.2.3 Pig Diagnostic Products
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Livestock Disease Prevention
6.2.2 Livestock Disease Treatment
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Livestock Diagnositic Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Livestock Diagnositic Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cattle Diagnostic Products
9.6.2 Sheep Diagnostic Products
9.6.3 Pig Diagnostic Products
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Livestock Disease Prevention
9.10.2 Livestock Disease Treatment
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cattle Diagnostic Products
10.6.2 Sheep Diagnostic Products
10.6.3 Pig Diagnostic Products
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Livestock Disease Prevention
10.10.2 Livestock Disease Treatment
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cattle Diagnostic Products
11.6.2 Sheep Diagnostic Products
11.6.3 Pig Diagnostic Products
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Livestock Disease Prevention
11.10.2 Livestock Disease Treatment
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cattle Diagnostic Products
12.6.2 Sheep Diagnostic Products
12.6.3 Pig Diagnostic Products
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Livestock Disease Prevention
12.10.2 Livestock Disease Treatment
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cattle Diagnostic Products
13.6.2 Sheep Diagnostic Products
13.6.3 Pig Diagnostic Products
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Livestock Disease Prevention
13.10.2 Livestock Disease Treatment
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Livestock Diagnositic Market: Competitive Dashboard
14.2 Global Livestock Diagnositic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IDEXX
14.3.2 Zoetis
14.3.3 Bio-Rad
14.3.4 INDICAL BIOSCIENCE
14.3.5 Agrolabo
14.3.6 Neogen Corporation
14.3.7 ID-VET
14.3.8 GD Animal Health
