Georgia News Desk

Latin America Veterinary Diagnostics Market Size, Growth, Key Trends and Forecast Analysis to 2025 | Research Cosmos

 Breaking News
  • No posts were found

Latin America Veterinary Diagnostics Market Size, Growth, Key Trends and Forecast Analysis to 2025 | Research Cosmos

May 07
14:42 2019
Latin America Veterinary Diagnostics Market Size, Growth, Key Trends and Forecast Analysis to 2025 | Research Cosmos

Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe.
The report on “Latin America Veterinary Diagnostics Market ” helps you to understand the market size, growth, trends, major company’s performance data and market opportunities.

Latin America Veterinary Diagnostics Market Size and Growth Analysis:

Latin America Veterinary Diagnostics Market was valued at USD 203.6 million in 2018 and is anticipated to reach USD 411.3 million by 2025, growing at a CAGR of 10.81% in the projected period.

Growth Drivers and Insights:

Latin America market for veterinary diagnostics is anticipated to grow at a higher CAGR due to the rise in the number of foodborne diseases affecting the animals and the rise in government regulations to maintain animal health. Particularly Brazil, which is the 9th largest economy in the world is showing to be a lucrative market for investors. Adding to that, the demand for molecular diagnostics is anticipated to grow at a higher rate due to its broad scope. Further, in purchase and usage of various diagnostic instruments that are used in veterinary practices, in-clinic diagnostic procedures, high-income families that keep pets and regular visits to veterinary laboratories are propelling the majority of this market.

However, increasing the adoption of vegetarian food due to growing food habits, the economic downturn, the increased risk of obesity, exposure to global cuisines, and other disorders are some of the factors affecting the growth.

 

Browse details of 140 number of pages research report developed on Latin America Veterinary Diagnostics Market Research Report @ https://www.researchcosmos.com/reports/latin-america-veterinary-diagnostics-market/83628831

 

Some of the circumstances driving the growth of veterinary diagnostics market in Latin America are increasing the prevalence of disease eruption in animals, building innovative veterinary diagnostics, improving per capita income in emerging economies, and growing prevalence of zoonotic diseases. In addition, increasing public awareness about animal diseases, and developing companion animals and food processing animals are also feeding the growth of the market.

Technologies playing a vital role in Latin America Veterinary Diagnostics Market Growth?

The advanced research and extension facilities and new and innovative product improvements by the organizations to improve their product portfolio are encouraging the growth of the veterinary diagnostics industry. The mounting way of nanotechnology in veterinary diagnostics, modification of human diagnostic use into veterinary diagnostics, and growing demand for precise, and quick molecular diagnosis are some of the main trends of the regional market.

The growth of this market is largely associated to rising demand for animal-derived food commodities, increasing demand for pet insurance, improving animal energy expenditure, rising incidence of zoonotic diseases, raising awareness about animal healthcare, an increase in the number of veterinary practitioners and their increasing income levels. Nevertheless, rising pet care costs may hinder the growth of this market in Latin America to a real extent.

 

Ask Free Sample of the Report @ https://www.researchcosmos.com/request/latin-america-veterinary-diagnostics-market/83628831

 

Some of the leading companies in this Latin America Veterinary Diagnostics Market are VIRBAC, IDEXX Laboratories, Inc., Heska Corporation, Life Technologies Corporation, VCA Inc., Abaxis, Inc., Prionics AG, Bio-Rad Laboratories Inc., and Pfizer, Inc.

 

For any queries, inquire more @ https://www.researchcosmos.com/inquire/latin-america-veterinary-diagnostics-market/83628831  

 

About Us:          

Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

Media Contact
Company Name: Research Cosmos
Contact Person: Kevin Stewart
Email: Send Email
Phone: 1-888-709-8757
Address:4390 U.S 1, Suite 211
City: Princeton
State: New Jersey
Country: United States
Website: https://www.researchcosmos.com/reports/latin-america-veterinary-diagnostics-market/83628831

Categories