Veterinary Diagnostics Market

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MarketsandMarkets Presents

• Veterinary Diagnostics Market 

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• The global veterinary diagnostics market has seen
  a paradigm shift in the past decade with the
  emergence of a number of new and technologically
  advanced products, which had a positive impact on
  the overall growth of the market. The market has
  seen many new technologies from the human
  diagnostics segment being adapted into the
  veterinary diagnostics segment. This trend still
  continues, and with the human diagnostics getting
  cheaper, their application into the veterinary
  segment is expected to grow further.
• The market has a high growth potential mainly due
  to the increasing incidences of animal disease
  outbreaks, increasing number of both companion
  animals and food producing animals globally, and
  rising public awareness about animal diseases.
  However, the economic downturn and increasing
  adoption of vegetarian food appear to dampen the
  overall market growth to a certain extent. 

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http//www.marketsandmarkets.com/Market-Repor
ts/veterinary-diagnostics-market-26017452.html
In addition to the structural market drivers,
there are strong geographic drivers as well for
the growth of the veterinary diagnostics market.
The emerging markets across the Asia-Pacific and
Latin American region are increasingly becoming
the growth centers for the global market. This
market across developing countries such as India
and China is slated to show a significant growth
during the forecast period of 2013 to 2018. 
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• A higher CAGR of these markets is mainly
  attributed to the growing demand for veterinary
  diagnostics product in this region mainly due to
  the rise in the number of companion animals due
  to the growing urbanization, along with the
  increase in the per capita income which leads to
  greater spending on the overall animal health.
• The global market is consolidated in nature,
  wherein the top five players account for more
  than 6570 of the market share. However, there
  are many new entrants coming in the market,
  leading to growing competition and thereby
  threatening the market share of the existing
  players. In order to maintain their market share,
  leading players in the market are continuously
  adopting new technologies to enhance their
  product portfolio. 

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