Tag: Equine diagnostic Phenotype Testing services

According to Fact MR’s recent market research, Equine Diagnostic Services sales to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Equine Diagnostic Services market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Equine Diagnostic Services

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Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.

Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Equine Diagnostic Services market.

The report offers actionable and valuable market insights of Equine Diagnostic Services. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Equine Diagnostic Services Market across various industries and regions.

This newly published and insightful report sheds light on Market Insights of Equine Diagnostic Services, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Equine Diagnostic Services Market.

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Equine Diagnostic Services Market: Segmentation

Fact.MR has analyzed the equine diagnostic services market with detailed segmentation on the basis of service type, service setting, and key regions.

Service Type    

• Genetic Testing
• Phenotype Testing
• Infectious Disease Testing
• Others

Service Setting    

• Hospitals & Clinics
• Lab Testing & Mobile Settings

Region    

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Equine Diagnostic Services Market: Key Players

Participants in the equine diagnostic services market are pushing strategies involving product development and launches in addition to strategic acquisitions to bolster portfolios and production capacities in a fairly competitive sector. COVID-19 diagnostic kits and telemedicine services are gaining attention in terms of product development, which involves point of care platforms in research & development.

• For instance, U.K.-based Virtual Veterinary Specialists has announced the addition of an internal medicine virtual referrals for equine patients, aimed at providing telemedicine support for horse veterinarians, including access to ECG, webcams, digital medical cameras, and stethoscopes for real time diagnostics.
• IDEXX Laboratories Inc., in early 2020, announced the introduction of rapid digital cytology services, which allows veterinarians of equine and small animal specializations for faster cytology interpretations within a couple of hours, through the company’s proprietary VetConnect PLUS platform.

Key Takeaways from Equine Diagnostic Services Market Report

• North America is a leading regional market, driven largely by a prominent equine sporting and leisure industry, and higher spending for veterinary diagnostics and treatment, in addition to investments in genomic testing in the region.
• Hospital and clinics are the primary source for diagnostic services associated with equine ailments, supported by easier access to technologies such as MRIs and full body scans.
• Lab and mobile testing are driving the equine diagnostic services market, supported by rising access to technical expertise for advanced diagnostics, including molecular assays.
• Diagnostics for equine trypanosomosis will remain important for market developments, particularly in terms of prophylactic drug development for better clinical outcomes.
• The COVID-19 pandemic is expected to have a moderate effect on the global equine diagnostic services market in the short term.

“Growing interest in equine sports in Asia Pacific, rising incidence of zoonotic ailments, and demand for insurance coupled with steady growth in the number of veterinary professionals are expected to support the rise of the equine diagnostic services market,”says a Fact.MR analyst.

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Report Benefits & Key Questions Answered

• Equine Diagnostic Services Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
• Equine Diagnostic Services Historical volume analysis: The report provides a comparison of Equine Diagnostic Services’s historical sales and projected sales performance for 2021-2031.
• Equine Diagnostic Services Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Equine Diagnostic Services market. It carefully gauges the impact of changing healthcare needs of key demographics globally
• Equine Diagnostic Services Consumption by demographics: The report investigates consumer behavior affecting Equine Diagnostic Services demand outlook for the assessment period. Effect of their keenness for digital trends on Equine Diagnostic Services market is carefully analyzed
• Post COVID consumer spending on Equine Diagnostic Services: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Equine Diagnostic Services market growth.

More Valuable Insights on Equine Diagnostic Services Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Equine Diagnostic Services, Sales and Demand of Equine Diagnostic Services, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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The global Sales of equine diagnostic services was valued at around US$ 165 Mn in 2019, and is projected to witness steady growth of approximately 5% through 2030.

The impact of the COVID-19 outbreak on the short-term prospects of the industry is likely to be moderate. Concerns over transmission between veterinary professionals and clients is creating operational challenges for equine vet practices, and reducing cash flow for market players as non-urgent cases are postponed. Participants in the equine diagnostic services market are pushing strategies involving product development and launches in addition to strategic acquisitions to bolster portfolios and production capacities in a fairly competitive sector.

However, the coronavirus pandemic is also likely to generate growth opportunities in terms of telemedicine, and from growing awareness about equine coronavirus among horse owners, which are likely to contribute to the sector in the long term. Furthermore, higher interest in diagnostic standardization with ISO parameters and investments in technologies for MRI devices and full body scans are expected to aid the growth of the equine diagnostic services market for years to come.

Global Equine Diagnostic Services Market: Segmentation

Service Type    

• Genetic Testing
• Phenotype Testing
• Infectious Disease Testing
• Others

Service Setting    

• Hospitals & Clinics
• Lab Testing & Mobile Settings

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Following Questions Answers Covered in the Report are:

• How will the global Equine Diagnostic Services Market perform during the forecast period? What will be the market size in terms of value and volume?
• Which segment will drive the global Equine Diagnostic Services Market? Which regional market will show extensive growth in the future? What are the reasons?
• How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
• What are the key strategies adopted by players to sustain themselves in the global Equine Diagnostic Services Market?
• How will these strategies influence the market growth and competition?

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

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Product Development and Strategic Acquisitions – Critical to Growth

Prominent players in the equine diagnostic services market such as Generatio GmbH, Equiseq Inc., VetGen, Animal Genetics Inc., Veterinary Genetics Laboratory, Etalon Inc., and IDEXX Laboratories Inc. are largely emphasizing on product and service development associated with equine ailments, and strategic acquisitions and collaborations to invest in geographic and capacity expansion. For instance,

• Zoetis Inc. announced the acquisition of Phoenix Central Laboratory for Veterinarians with the aim of providing point of care diagnostic testing for full spectrum analysis, including equine, feline, canine, and avian health requirements.
• Equine Biotech, in collaboration with the Indian Institute of Science, has developed an RT-PCR kit to trace the presence of SARS-CoV-2 in equine patient samples, which requires amplification and reverse transcription processes in real time.

These factors are expected to be major contributors to market revenue and service improvements, particularly with MRIs and full body scans gaining traction in a fairly competitive market landscape, for years to come.

More Insights on Equine Diagnostic Services Market

In a new report, Fact.MR has provided readers with a detailed analysis about the equine diagnostic services market, with essential data on historic demand (2015 to 2019) and forecasting information for the period of 2020 and 2030. The report gives readers of the equine diagnostic services market report insights in terms of service type (genetic testing, phenotype testing, infectious disease testing, and others) and service setting (hospitals & clinics and lab testing and mobile settings), across key regions around the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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